Snap-On Incorporated (NYSE:SNA) Shares Bought by Vontobel Holding Ltd.

Vontobel Holding Ltd. grew its position in Snap-On Incorporated (NYSE:SNA - Free Report) by 27.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 13,636 shares of the company's stock after acquiring an additional 2,932 shares during the quarter. Vontobel Holding Ltd.'s holdings in Snap-On were worth $4,595,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Ethic Inc. lifted its position in Snap-On by 18.6% during the fourth quarter. Ethic Inc. now owns 9,212 shares of the company's stock worth $3,127,000 after buying an additional 1,445 shares in the last quarter. Assetmark Inc. grew its stake in shares of Snap-On by 4.0% in the fourth quarter. Assetmark Inc. now owns 136,472 shares of the company's stock valued at $46,330,000 after buying an additional 5,187 shares in the last quarter. Amundi grew its stake in shares of Snap-On by 137.0% in the fourth quarter. Amundi now owns 201,207 shares of the company's stock valued at $68,039,000 after buying an additional 116,319 shares in the last quarter. Geode Capital Management LLC grew its stake in Snap-On by 1.7% during the 4th quarter. Geode Capital Management LLC now owns 1,641,159 shares of the company's stock worth $556,022,000 after purchasing an additional 27,700 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new position in Snap-On during the 4th quarter worth $148,839,000. Hedge funds and other institutional investors own 84.88% of the company's stock.

Snap-On Price Performance

SNA stock opened at $320.81 on Friday. Snap-On Incorporated has a 1 year low of $252.98 and a 1 year high of $373.90. The company has a debt-to-equity ratio of 0.21, a quick ratio of 3.18 and a current ratio of 4.14. The stock's 50 day moving average price is $317.13 and its 200 day moving average price is $329.49. The firm has a market cap of $16.78 billion, a P/E ratio of 16.80, a PEG ratio of 2.28 and a beta of 0.76.

Snap-On (NYSE:SNA - Get Free Report) last issued its quarterly earnings results on Thursday, April 17th. The company reported $4.51 earnings per share for the quarter, missing analysts' consensus estimates of $4.81 by ($0.30). Snap-On had a return on equity of 18.60% and a net margin of 21.42%. The business had revenue of $1.14 billion for the quarter, compared to analysts' expectations of $1.20 billion. During the same period in the prior year, the company earned $4.91 EPS. On average, sell-side analysts expect that Snap-On Incorporated will post 19.79 earnings per share for the current fiscal year.

Snap-On Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Tuesday, May 20th were paid a dividend of $2.14 per share. This represents a $8.56 dividend on an annualized basis and a dividend yield of 2.67%. The ex-dividend date was Tuesday, May 20th. Snap-On's dividend payout ratio is presently 44.82%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on SNA. Barrington Research reaffirmed an "outperform" rating and set a $350.00 price target on shares of Snap-On in a report on Monday, May 19th. Robert W. Baird reduced their price objective on Snap-On from $349.00 to $320.00 and set a "neutral" rating for the company in a research note on Monday, April 21st. Longbow Research raised Snap-On from a "neutral" rating to a "buy" rating and set a $400.00 price objective for the company in a research note on Monday, March 31st. Finally, Wall Street Zen upgraded Snap-On from a "hold" rating to a "buy" rating in a research report on Friday, May 16th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $350.83.

Insider Buying and Selling

In related news, CFO Aldo John Pagliari sold 5,553 shares of the stock in a transaction on Thursday, May 15th. The stock was sold at an average price of $326.84, for a total value of $1,814,942.52. Following the transaction, the chief financial officer directly owned 109,560 shares of the company's stock, valued at approximately $35,808,590.40. This trade represents a 4.82% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Karen L. Daniel sold 1,090 shares of the firm's stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $319.92, for a total value of $348,712.80. Following the completion of the transaction, the director directly owned 8,030 shares in the company, valued at $2,568,957.60. This trade represents a 11.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 29,815 shares of company stock valued at $9,482,532. 3.90% of the stock is currently owned by company insiders.

About Snap-On

Snap-on Incorporated manufactures and markets tools, equipment, diagnostics, and repair information and systems solutions for professional users worldwide. It operates through Commercial & Industrial Group, Snap-on Tools Group, Repair Systems & Information Group, and Financial Services segments.

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