Snap-On Incorporated (NYSE:SNA) Shares Purchased by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. increased its holdings in shares of Snap-On Incorporated (NYSE:SNA - Free Report) by 16.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 76,488 shares of the company's stock after acquiring an additional 10,690 shares during the period. Robeco Institutional Asset Management B.V. owned approximately 0.15% of Snap-On worth $25,777,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. New York Life Investment Management LLC lifted its position in Snap-On by 0.4% during the fourth quarter. New York Life Investment Management LLC now owns 7,106 shares of the company's stock worth $2,412,000 after buying an additional 31 shares during the period. TrinityPoint Wealth LLC increased its stake in Snap-On by 0.8% during the fourth quarter. TrinityPoint Wealth LLC now owns 4,164 shares of the company's stock worth $1,414,000 after acquiring an additional 33 shares during the last quarter. Inspire Advisors LLC increased its stake in Snap-On by 1.0% during the fourth quarter. Inspire Advisors LLC now owns 3,382 shares of the company's stock worth $1,148,000 after acquiring an additional 34 shares during the last quarter. Richwood Investment Advisors LLC increased its stake in Snap-On by 1.2% during the fourth quarter. Richwood Investment Advisors LLC now owns 3,053 shares of the company's stock worth $1,036,000 after acquiring an additional 35 shares during the last quarter. Finally, Centric Wealth Management increased its stake in Snap-On by 0.4% during the fourth quarter. Centric Wealth Management now owns 8,440 shares of the company's stock worth $2,865,000 after acquiring an additional 36 shares during the last quarter. Institutional investors and hedge funds own 84.88% of the company's stock.

Wall Street Analyst Weigh In

SNA has been the subject of several research analyst reports. Tigress Financial upped their price target on Snap-On from $385.00 to $390.00 and gave the stock a "buy" rating in a research note on Tuesday, March 4th. Wall Street Zen upgraded Snap-On from a "hold" rating to a "buy" rating in a research note on Friday, May 16th. Barrington Research restated an "outperform" rating and set a $350.00 price target on shares of Snap-On in a research note on Monday, May 19th. Longbow Research upgraded Snap-On from a "neutral" rating to a "buy" rating and set a $400.00 price target for the company in a research note on Monday, March 31st. Finally, Robert W. Baird dropped their price target 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. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $350.83.

Insider Activity at Snap-On

In related news, Director Karen L. Daniel sold 1,090 shares of the stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of $319.92, for a total value of $348,712.80. Following the completion of the transaction, the director now owns 8,030 shares of the company's stock, valued at approximately $2,568,957.60. This represents a 11.95% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Aldo John Pagliari sold 5,553 shares of the stock in a transaction dated Thursday, May 15th. The shares were sold at an average price of $326.84, for a total value of $1,814,942.52. Following the completion of the transaction, the chief financial officer now directly owns 109,560 shares of the company's stock, valued at $35,808,590.40. This represents a 4.82% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 29,815 shares of company stock valued at $9,482,532. Insiders own 3.90% of the company's stock.

Snap-On Price Performance

SNA stock opened at $310.77 on Friday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 3.18 and a current ratio of 4.14. Snap-On Incorporated has a 1 year low of $252.98 and a 1 year high of $373.90. The firm has a market cap of $16.25 billion, a P/E ratio of 16.27, a price-to-earnings-growth ratio of 2.21 and a beta of 0.78. The stock has a 50-day simple moving average of $315.94 and a 200-day simple moving average of $330.52.

Snap-On (NYSE:SNA - Get Free Report) last posted its earnings results on Thursday, April 17th. The company reported $4.51 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $4.81 by ($0.30). Snap-On had a net margin of 21.42% and a return on equity of 18.60%. The company had revenue of $1.14 billion during the quarter, compared to analyst estimates of $1.20 billion. During the same quarter last year, the business posted $4.91 EPS. On average, equities analysts predict 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. Investors of record on Tuesday, May 20th were issued a $2.14 dividend. This represents a $8.56 dividend on an annualized basis and a yield of 2.75%. The ex-dividend date of this dividend was Tuesday, May 20th. Snap-On's dividend payout ratio is currently 44.82%.

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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