Vanguard Personalized Indexing Management LLC Has $1.72 Million Stock Position in Snap-On Incorporated $SNA

Vanguard Personalized Indexing Management LLC lifted its position in Snap-On Incorporated (NYSE:SNA - Free Report) by 20.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,505 shares of the company's stock after buying an additional 939 shares during the quarter. Vanguard Personalized Indexing Management LLC's holdings in Snap-On were worth $1,716,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Kingstone Capital Partners Texas LLC acquired a new stake in Snap-On in the second quarter valued at $434,938,000. Auto Owners Insurance Co lifted its holdings in Snap-On by 35,967.2% during the 1st quarter. Auto Owners Insurance Co now owns 1,073,000 shares of the company's stock valued at $361,612,000 after purchasing an additional 1,070,025 shares during the last quarter. Ameriprise Financial Inc. lifted its holdings in Snap-On by 54.3% during the 1st quarter. Ameriprise Financial Inc. now owns 681,857 shares of the company's stock valued at $229,793,000 after purchasing an additional 239,908 shares during the last quarter. Nuveen LLC acquired a new stake in Snap-On during the 1st quarter valued at $45,711,000. Finally, Charles Schwab Investment Management Inc. lifted its holdings in Snap-On by 6.4% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,921,584 shares of the company's stock valued at $647,593,000 after purchasing an additional 115,306 shares during the last quarter. 84.88% of the stock is owned by institutional investors.

Snap-On Stock Up 3.2%

SNA stock opened at $343.12 on Friday. The company has a debt-to-equity ratio of 0.21, a current ratio of 4.48 and a quick ratio of 3.42. The stock has a market capitalization of $17.90 billion, a price-to-earnings ratio of 18.30, a PEG ratio of 2.31 and a beta of 0.78. The business's fifty day moving average price is $332.41 and its two-hundred day moving average price is $323.83. Snap-On Incorporated has a fifty-two week low of $289.81 and a fifty-two week high of $373.89.

Snap-On (NYSE:SNA - Get Free Report) last posted its quarterly earnings data on Thursday, October 16th. The company reported $5.02 earnings per share for the quarter, topping the consensus estimate of $4.59 by $0.43. The firm had revenue of $1.19 billion for the quarter, compared to analysts' expectations of $1.16 billion. Snap-On had a return on equity of 18.02% and a net margin of 20.98%.The company's quarterly revenue was up 3.8% compared to the same quarter last year. During the same quarter last year, the business earned $4.70 EPS. On average, equities analysts anticipate that Snap-On Incorporated will post 19.79 earnings per share for the current year.

Snap-On Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Tuesday, August 19th were given a $2.14 dividend. The ex-dividend date was Tuesday, August 19th. This represents a $8.56 dividend on an annualized basis and a dividend yield of 2.5%. Snap-On's dividend payout ratio (DPR) is presently 45.65%.

Insiders Place Their Bets

In related news, CEO Nicholas T. Pinchuk sold 23,042 shares of the firm's stock in a transaction on Monday, August 11th. The stock was sold at an average price of $320.88, for a total value of $7,393,716.96. Following the transaction, the chief executive officer owned 815,219 shares in the company, valued at approximately $261,587,472.72. This trade represents a 2.75% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Aldo John Pagliari sold 4,731 shares of the firm's stock in a transaction on Thursday, August 14th. The stock was sold at an average price of $327.38, for a total value of $1,548,834.78. Following the completion of the transaction, the chief financial officer owned 111,667 shares in the company, valued at $36,557,542.46. The trade was a 4.06% decrease in their position. The disclosure for this sale can be found here. Insiders sold 27,898 shares of company stock worth $8,983,203 in the last 90 days. 3.90% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several brokerages have issued reports on SNA. Tigress Financial raised their price target on Snap-On from $390.00 to $395.00 and gave the company a "buy" rating in a report on Friday, August 29th. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Snap-On in a report on Wednesday, October 8th. Barrington Research reaffirmed an "outperform" rating and set a $350.00 price target on shares of Snap-On in a report on Wednesday. Robert W. Baird raised their price target on Snap-On from $329.00 to $347.00 and gave the company a "neutral" rating in a report on Friday, July 18th. Finally, Bank of America raised their price target on Snap-On from $265.00 to $285.00 and gave the company an "underperform" rating in a report on Friday, July 18th. Five analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $357.00.

Snap-On 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.

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