Snap-on Incorporated (NYSE:SNA) Stock Holdings Increased by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Snap-on Incorporated (NYSE:SNA - Free Report) by 18.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 334,852 shares of the company's stock after acquiring an additional 51,406 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.64% of Snap-on worth $113,676,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Bleakley Financial Group LLC purchased a new stake in Snap-on during the 4th quarter worth $512,000. Vest Financial LLC increased its position in shares of Snap-on by 2.4% in the 4th quarter. Vest Financial LLC now owns 102,987 shares of the company's stock worth $34,962,000 after purchasing an additional 2,460 shares during the last quarter. Ethic Inc. increased its position in shares of Snap-on by 18.6% in the 4th quarter. Ethic Inc. now owns 9,212 shares of the company's stock worth $3,127,000 after purchasing an additional 1,445 shares during the last quarter. Empirical Finance LLC increased its position in shares of Snap-on by 45.8% in the 4th quarter. Empirical Finance LLC now owns 5,906 shares of the company's stock worth $2,005,000 after purchasing an additional 1,856 shares during the last quarter. Finally, Advyzon Investment Management LLC bought a new stake in shares of Snap-on in the 4th quarter worth about $272,000. Hedge funds and other institutional investors own 84.88% of the company's stock.

Insider Buying and Selling at Snap-on

In other Snap-on news, CFO Aldo John Pagliari sold 5,553 shares of the business's stock in a transaction dated 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 sale, the chief financial officer now directly owns 109,560 shares in the company, valued at approximately $35,808,590.40. The trade was a 4.82% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Nicholas T. Pinchuk sold 22,700 shares of the business's stock in a transaction dated Thursday, March 27th. The stock was sold at an average price of $335.32, for a total transaction of $7,611,764.00. Following the sale, the chief executive officer now owns 793,932 shares in the company, valued at $266,221,278.24. This trade represents a 2.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.90% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

SNA has been the subject of several research analyst reports. Robert W. Baird dropped their target price on shares of Snap-on from $349.00 to $320.00 and set a "neutral" rating for the company in a research report on Monday, April 21st. Barrington Research reiterated an "outperform" rating and set a $350.00 target price on shares of Snap-on in a research note on Monday, May 19th. Longbow Research upgraded shares of Snap-on from a "neutral" rating to a "buy" rating and set a $400.00 price target on the stock in a research report on Monday, March 31st. Tigress Financial lifted their price target on shares of Snap-on from $385.00 to $390.00 and gave the company a "buy" rating in a report on Tuesday, March 4th. Finally, Wall Street Zen upgraded Snap-on from a "hold" rating to a "buy" rating in a research note on Friday, May 16th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $350.83.

Snap-on Stock Performance

Shares of Snap-on stock traded up $6.29 on Tuesday, reaching $325.58. 261,910 shares of the company were exchanged, compared to its average volume of 363,014. The company has a debt-to-equity ratio of 0.22, a quick ratio of 3.17 and a current ratio of 4.15. The company's 50-day moving average is $321.85 and its two-hundred day moving average is $337.99. The firm has a market cap of $17.03 billion, a price-to-earnings ratio of 16.70, a P/E/G ratio of 2.21 and a beta of 0.78. Snap-on Incorporated has a 1-year low of $252.98 and a 1-year high of $373.90.

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). The firm had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.20 billion. Snap-on had a net margin of 21.71% and a return on equity of 19.20%. During the same period in the previous year, the firm earned $4.91 earnings per share. As a group, research analysts expect that Snap-on Incorporated will post 19.79 earnings per share for the current fiscal year.

Snap-on Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Tuesday, May 20th will be paid a dividend of $2.14 per share. This represents a $8.56 dividend on an annualized basis and a yield of 2.63%. The ex-dividend date of this dividend is Tuesday, May 20th. Snap-on's payout ratio is 44.82%.

Snap-on Company Profile

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.