Versant Capital Management Inc Has $446,000 Position in Snap-on Incorporated (NYSE:SNA)

Versant Capital Management Inc increased its position in Snap-on Incorporated (NYSE:SNA - Free Report) by 448.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,322 shares of the company's stock after buying an additional 1,081 shares during the quarter. Versant Capital Management Inc's holdings in Snap-on were worth $446,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Park National Corp OH lifted its holdings in shares of Snap-on by 10.3% in the first quarter. Park National Corp OH now owns 882 shares of the company's stock valued at $297,000 after buying an additional 82 shares during the period. Kera Capital Partners Inc. lifted its holdings in shares of Snap-on by 27.5% in the first quarter. Kera Capital Partners Inc. now owns 928 shares of the company's stock valued at $313,000 after buying an additional 200 shares during the period. Wellington Management Group LLP boosted its position in shares of Snap-on by 5.5% in the 4th quarter. Wellington Management Group LLP now owns 17,220 shares of the company's stock valued at $5,846,000 after purchasing an additional 901 shares during the period. California State Teachers Retirement System boosted its position in shares of Snap-on by 1.1% in the 4th quarter. California State Teachers Retirement System now owns 90,668 shares of the company's stock valued at $30,780,000 after purchasing an additional 1,022 shares during the period. Finally, Wealth Enhancement Advisory Services LLC boosted its position in shares of Snap-on by 63.8% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 44,532 shares of the company's stock valued at $15,118,000 after purchasing an additional 17,338 shares during the period. Institutional investors and hedge funds own 84.88% of the company's stock.

Insider Activity

In related news, CEO Nicholas T. Pinchuk sold 22,700 shares of the business's stock in a transaction that occurred on Thursday, March 27th. The stock was sold at an average price of $335.32, for a total value of $7,611,764.00. Following the completion of the sale, the chief executive officer now directly owns 793,932 shares in the company, valued at approximately $266,221,278.24. The trade was a 2.78% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Aldo John Pagliari sold 5,553 shares of the business's stock in a transaction that occurred on Thursday, May 15th. The stock was sold at an average price of $326.84, for a total value of $1,814,942.52. Following the completion of the sale, the chief financial officer now owns 109,560 shares of the company's stock, valued at approximately $35,808,590.40. This trade represents a 4.82% decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.90% of the stock is owned by corporate insiders.

Snap-on Stock Down 0.5%

NYSE SNA traded down $1.68 during trading on Friday, reaching $320.68. 631,514 shares of the company's stock were exchanged, compared to its average volume of 364,144. Snap-on Incorporated has a fifty-two week low of $252.98 and a fifty-two week high of $373.90. The firm has a market capitalization of $16.77 billion, a PE ratio of 16.45, a P/E/G ratio of 2.21 and a beta of 0.78. The company has a current ratio of 4.15, a quick ratio of 3.17 and a debt-to-equity ratio of 0.22. The company's fifty day simple moving average is $321.01 and its 200-day simple moving average is $336.92.

Snap-on (NYSE:SNA - Get Free Report) last announced its quarterly earnings results on Thursday, April 17th. The company reported $4.51 earnings per share (EPS) for the quarter, missing the consensus estimate 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 quarter in the prior year, the firm earned $4.91 earnings per share. Sell-side analysts predict that Snap-on Incorporated will post 19.79 EPS for the current year.

Snap-on Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Tuesday, May 20th will be issued a dividend of $2.14 per share. The ex-dividend date is Tuesday, May 20th. This represents a $8.56 annualized dividend and a dividend yield of 2.67%. Snap-on's dividend payout ratio is 44.82%.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on SNA shares. Barrington Research reiterated an "outperform" rating and issued a $350.00 price target on shares of Snap-on in a research report on Monday, May 19th. Robert W. Baird decreased their price target on Snap-on from $349.00 to $320.00 and set a "neutral" rating for the company in a research report on Monday, April 21st. Wall Street Zen upgraded Snap-on from a "hold" rating to a "buy" rating in a research report on Friday, May 16th. Longbow Research upgraded 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. Finally, Tigress Financial raised their price objective on Snap-on from $385.00 to $390.00 and gave the stock a "buy" rating in a research report on Tuesday, March 4th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Snap-on has a consensus rating of "Moderate Buy" and a consensus target price of $350.83.

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.