Universal Beteiligungs und Servicegesellschaft mbH Takes $15.11 Million Position in Snap-on Incorporated (NYSE:SNA)

Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of Snap-on Incorporated (NYSE:SNA - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 44,510 shares of the company's stock, valued at approximately $15,110,000. Universal Beteiligungs und Servicegesellschaft mbH owned 0.08% of Snap-on at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Mackenzie Financial Corp increased its position in shares of Snap-on by 40.3% during the fourth quarter. Mackenzie Financial Corp now owns 6,119 shares of the company's stock worth $2,077,000 after acquiring an additional 1,758 shares in the last quarter. Peak Retirement Planning Inc. bought a new stake in shares of Snap-on during the fourth quarter worth about $782,000. Toronto Dominion Bank increased its position in shares of Snap-on by 4.3% during the fourth quarter. Toronto Dominion Bank now owns 18,426 shares of the company's stock worth $6,255,000 after acquiring an additional 761 shares in the last quarter. Parr Mcknight Wealth Management Group LLC bought a new stake in shares of Snap-on during the fourth quarter worth about $1,674,000. Finally, Orion Capital Management LLC bought a new stake in shares of Snap-on during the fourth quarter worth about $65,000. Institutional investors and hedge funds own 84.88% of the company's stock.

Insider Activity at Snap-on

In other Snap-on 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 value of $1,814,942.52. Following the sale, the chief financial officer now directly owns 109,560 shares in the company, valued at $35,808,590.40. This represents a 4.82% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Nicholas T. Pinchuk sold 22,700 shares of the stock in a transaction that occurred on 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 completion of the sale, the chief executive officer now owns 793,932 shares in the company, valued at $266,221,278.24. This 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 corporate insiders.

Snap-on Stock Performance

SNA traded down $4.01 during midday trading on Monday, reaching $316.74. The company had a trading volume of 202,461 shares, compared to its average volume of 363,530. 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 stock has a market cap of $16.56 billion, a PE ratio of 16.24, a P/E/G ratio of 2.21 and a beta of 0.78. Snap-on Incorporated has a 12-month low of $252.98 and a 12-month high of $373.90. The business has a 50-day moving average price of $321.01 and a two-hundred day moving average price of $336.92.

Snap-on (NYSE:SNA - Get Free Report) last released its 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). The company had revenue of $1.14 billion during the quarter, compared to analysts' expectations of $1.20 billion. Snap-on had a net margin of 21.71% and a return on equity of 19.20%. During the same quarter in the previous year, the firm earned $4.91 earnings per share. On average, sell-side analysts expect that Snap-on Incorporated will post 19.79 earnings per share for the current fiscal year.

Snap-on Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Investors 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 dividend yield of 2.70%. The ex-dividend date is Tuesday, May 20th. Snap-on's payout ratio is currently 44.82%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. Wall Street Zen raised shares of Snap-on from a "hold" rating to a "buy" rating in a research report on Friday, May 16th. Tigress Financial upped their price objective on shares of Snap-on from $385.00 to $390.00 and gave the stock a "buy" rating in a research report on Tuesday, March 4th. Barrington Research reaffirmed an "outperform" rating and issued a $350.00 price objective on shares of Snap-on in a research report on Monday, May 19th. Robert W. Baird reduced their price objective 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. Finally, Longbow Research raised shares of Snap-on from a "neutral" rating to a "buy" rating and set a $400.00 price objective for the company in a research report on Monday, March 31st. 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 company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $350.83.

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.