Vident Advisory LLC Raises Stock Holdings in Snap-on Incorporated (NYSE:SNA)

Vident Advisory LLC boosted its position in Snap-on Incorporated (NYSE:SNA - Free Report) by 19.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,200 shares of the company's stock after buying an additional 1,022 shares during the quarter. Vident Advisory LLC's holdings in Snap-on were worth $2,105,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. UMB Bank n.a. grew its position in Snap-on by 70.5% during the fourth quarter. UMB Bank n.a. now owns 75 shares of the company's stock valued at $25,000 after acquiring an additional 31 shares during the last quarter. SBI Securities Co. Ltd. bought a new position in Snap-on during the fourth quarter valued at approximately $26,000. Migdal Insurance & Financial Holdings Ltd. bought a new position in Snap-on during the fourth quarter valued at approximately $28,000. CoreFirst Bank & Trust bought a new position in Snap-on during the fourth quarter valued at approximately $40,000. Finally, TCTC Holdings LLC grew its position in Snap-on by 41.3% during the fourth quarter. TCTC Holdings LLC now owns 147 shares of the company's stock valued at $50,000 after acquiring an additional 43 shares during the last quarter. 84.88% of the stock is currently owned by institutional investors.

Insider Buying and Selling

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

Analyst Ratings Changes

A number of research analysts have commented on the stock. Tigress Financial increased their price target on shares of Snap-on from $385.00 to $390.00 and gave the company a "buy" rating in a research report on Tuesday, March 4th. StockNews.com upgraded shares of Snap-on from a "hold" rating to a "buy" rating in a research report on Friday, May 16th. Longbow Research upgraded shares of Snap-on from a "neutral" rating to a "buy" rating and set a $400.00 target price on the stock in a report on Monday, March 31st. Robert W. Baird cut their target price on shares of Snap-on from $349.00 to $320.00 and set a "neutral" rating on the stock in a report on Monday, April 21st. Finally, Barrington Research restated an "outperform" rating and issued a $350.00 target price on shares of Snap-on in a report on Monday. One investment 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 an average rating of "Moderate Buy" and a consensus price target of $350.83.

Snap-on Stock Down 1.4%

Shares of Snap-on stock opened at $322.23 on Thursday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 3.17 and a current ratio of 4.15. Snap-on Incorporated has a 52-week low of $252.98 and a 52-week high of $373.90. The stock has a market capitalization of $16.85 billion, a price-to-earnings ratio of 16.52, a P/E/G ratio of 2.21 and a beta of 0.78. The company's 50 day moving average price is $322.47 and its 200-day moving average price is $338.65.

Snap-on (NYSE:SNA - Get Free Report) last issued its 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). Snap-on had a return on equity of 19.20% and a net margin of 21.71%. The firm had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.20 billion. During the same quarter in the prior year, the business posted $4.91 EPS. Equities research analysts forecast that Snap-on Incorporated will post 19.79 EPS for the current 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 $2.14 dividend. This represents a $8.56 dividend on an annualized basis and a yield of 2.66%. The ex-dividend date is Tuesday, May 20th. Snap-on's payout ratio is 44.82%.

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.

Want to see what other hedge funds are holding SNA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Snap-on Incorporated (NYSE:SNA - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.