Universal Beteiligungs und Servicegesellschaft mbH Increases Holdings in Snap-On Incorporated (NYSE:SNA)

Universal Beteiligungs und Servicegesellschaft mbH raised its stake in shares of Snap-On Incorporated (NYSE:SNA - Free Report) by 9.3% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 48,644 shares of the company's stock after buying an additional 4,134 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.09% of Snap-On worth $16,394,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. American Century Companies Inc. raised its holdings in shares of Snap-On by 14.4% during the 4th quarter. American Century Companies Inc. now owns 76,348 shares of the company's stock worth $25,919,000 after acquiring an additional 9,596 shares in the last quarter. LPL Financial LLC grew its position in Snap-On by 25.5% in the fourth quarter. LPL Financial LLC now owns 73,764 shares of the company's stock worth $25,042,000 after acquiring an additional 14,985 shares in the last quarter. Vanguard Group Inc. boosted its holdings in shares of Snap-On by 0.3% in the 4th quarter. Vanguard Group Inc. now owns 6,404,599 shares of the company's stock worth $2,174,233,000 after purchasing an additional 19,328 shares during the period. Modern Wealth Management LLC purchased a new position in shares of Snap-On in the 4th quarter worth approximately $219,000. Finally, TIAA Trust National Association boosted its holdings in shares of Snap-On by 8.9% in the 4th quarter. TIAA Trust National Association now owns 4,745 shares of the company's stock worth $1,611,000 after purchasing an additional 387 shares during the period. 84.88% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CFO Aldo John Pagliari sold 5,553 shares of the stock in a transaction that occurred on Thursday, May 15th. The shares were sold at an average price of $326.84, for a total transaction of $1,814,942.52. Following the completion of the transaction, the chief financial officer 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 transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Karen L. Daniel sold 1,090 shares of the company's stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $319.92, for a total transaction of $348,712.80. Following the sale, the director directly owned 8,030 shares in the company, valued at approximately $2,568,957.60. The trade was a 11.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 29,815 shares of company stock valued at $9,482,532. Company insiders own 3.90% of the company's stock.

Snap-On Stock Down 0.1%

Shares of Snap-On stock traded down $0.22 during trading on Friday, reaching $330.11. The company's stock had a trading volume of 259,831 shares, compared to its average volume of 377,600. The company has a quick ratio of 3.42, a current ratio of 4.48 and a debt-to-equity ratio of 0.21. The company has a market cap of $17.22 billion, a price-to-earnings ratio of 17.61, a P/E/G ratio of 2.30 and a beta of 0.76. Snap-On Incorporated has a 1-year low of $266.56 and a 1-year high of $373.89. The company has a 50-day simple moving average of $319.16 and a two-hundred day simple moving average of $327.66.

Snap-On (NYSE:SNA - Get Free Report) last released its quarterly earnings data on Thursday, July 17th. The company reported $4.72 EPS for the quarter, topping the consensus estimate of $4.61 by $0.11. The business had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.16 billion. Snap-On had a return on equity of 18.02% and a net margin of 20.98%. The business's quarterly revenue was up .0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $5.07 EPS. As a group, equities analysts forecast that Snap-On Incorporated will post 19.79 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Bank of America increased their price target on Snap-On from $265.00 to $285.00 and gave the stock an "underperform" rating in a report on Friday, July 18th. Longbow Research upgraded Snap-On from a "neutral" rating to a "buy" rating and set a $400.00 price objective on the stock in a report on Monday, March 31st. Wall Street Zen upgraded Snap-On from a "hold" rating to a "buy" rating in a report on Friday, May 16th. Robert W. Baird lifted their price objective on shares of Snap-On from $329.00 to $347.00 and gave the company a "neutral" rating in a report on Friday, July 18th. Finally, Barrington Research reissued an "outperform" rating and set a $350.00 price objective on shares of Snap-On in a report on Tuesday, July 15th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, Snap-On currently has an average rating of "Moderate Buy" and an average price target of $356.17.

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.