FORA Capital LLC Grows Stake in Snap-on Incorporated (NYSE:SNA)

FORA Capital LLC increased its position in shares of Snap-on Incorporated (NYSE:SNA - Free Report) by 31.7% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 9,553 shares of the company's stock after purchasing an additional 2,298 shares during the quarter. FORA Capital LLC's holdings in Snap-on were worth $3,243,000 as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in the company. Greenleaf Trust increased its position in shares of Snap-on by 3.1% during the fourth quarter. Greenleaf Trust now owns 1,013 shares of the company's stock worth $344,000 after purchasing an additional 30 shares in the last quarter. UMB Bank n.a. grew its holdings in Snap-on by 70.5% in the 4th quarter. UMB Bank n.a. now owns 75 shares of the company's stock valued at $25,000 after buying an additional 31 shares in the last quarter. WCM Investment Management LLC grew its holdings in Snap-on by 4.5% in the 4th quarter. WCM Investment Management LLC now owns 727 shares of the company's stock valued at $247,000 after buying an additional 31 shares in the last quarter. New York Life Investment Management LLC grew its holdings in Snap-on by 0.4% in the 4th quarter. New York Life Investment Management LLC now owns 7,106 shares of the company's stock valued at $2,412,000 after buying an additional 31 shares in the last quarter. Finally, Inspire Advisors LLC grew its holdings in Snap-on by 1.0% in the 4th quarter. Inspire Advisors LLC now owns 3,382 shares of the company's stock valued at $1,148,000 after buying an additional 34 shares in the last quarter. 84.88% of the stock is currently owned by hedge funds and other institutional investors.

Snap-on Trading Down 0.4%

SNA traded down $1.32 during mid-day trading on Friday, hitting $315.63. 158,547 shares of the stock were exchanged, compared to its average volume of 361,067. The firm's fifty day moving average is $323.38 and its two-hundred day moving average is $338.95. Snap-on Incorporated has a 1-year low of $252.98 and a 1-year high of $373.90. 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 has a market cap of $16.50 billion, a PE ratio of 16.19, a PEG ratio of 2.21 and a beta of 0.78.

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 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 for the quarter, compared to analyst estimates of $1.20 billion. During the same period in the previous year, the company posted $4.91 EPS. Equities analysts forecast that Snap-on Incorporated will post 19.79 earnings per share for the current fiscal year.

Snap-on Dividend Announcement

The company also recently announced 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 annualized dividend and a yield of 2.71%. The ex-dividend date is Tuesday, May 20th. Snap-on's payout ratio is 44.82%.

Analyst Ratings Changes

Several analysts have issued reports on SNA shares. Longbow Research upgraded Snap-on from a "neutral" rating to a "buy" rating and set a $400.00 target price for the company in a report on Monday, March 31st. Robert W. Baird decreased their price target on Snap-on from $349.00 to $320.00 and set a "neutral" rating on the stock in a research note on Monday, April 21st. StockNews.com raised Snap-on from a "hold" rating to a "buy" rating in a research note on Wednesday. Barrington Research reaffirmed an "outperform" rating and issued a $350.00 price target on shares of Snap-on in a research note on Thursday, April 17th. Finally, Tigress Financial upped their price target on Snap-on from $385.00 to $390.00 and gave the company a "buy" rating in a research note on Tuesday, March 4th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $350.83.

Insider Buying and Selling

In other Snap-on news, SVP Jesus Arregui sold 6,451 shares of the stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $337.81, for a total value of $2,179,212.31. Following the sale, the senior vice president now owns 257 shares of the company's stock, valued at $86,817.17. This trade represents a 96.17% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Aldo John Pagliari sold 6,860 shares of the stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $339.05, for a total value of $2,325,883.00. Following the completion of the sale, the chief financial officer now directly owns 107,096 shares in the company, valued at $36,310,898.80. This represents a 6.02% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 36,011 shares of company stock valued at $12,116,859. Corporate insiders own 3.90% of the company's stock.

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.