Jump Financial LLC Takes Position in Snap-on Incorporated (NYSE:SNA)

Jump Financial LLC acquired a new position in shares of Snap-on Incorporated (NYSE:SNA - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 1,181 shares of the company's stock, valued at approximately $401,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Barclays PLC lifted its holdings in shares of Snap-on by 1.8% in the third quarter. Barclays PLC now owns 100,262 shares of the company's stock valued at $29,044,000 after purchasing an additional 1,803 shares in the last quarter. Pine Valley Investments Ltd Liability Co acquired a new position in Snap-on during the third quarter valued at approximately $208,000. World Investment Advisors LLC acquired a new position in shares of Snap-on during the 3rd quarter worth approximately $19,291,000. Wilmington Savings Fund Society FSB boosted its holdings in shares of Snap-on by 37.0% in the 3rd quarter. Wilmington Savings Fund Society FSB now owns 5,097 shares of the company's stock valued at $1,477,000 after buying an additional 1,377 shares during the last quarter. Finally, Synovus Financial Corp grew its stake in shares of Snap-on by 4.5% in the third quarter. Synovus Financial Corp now owns 4,179 shares of the company's stock valued at $1,210,000 after buying an additional 180 shares in the last quarter. Institutional investors own 84.88% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. Tigress Financial raised their target price on shares of Snap-on from $385.00 to $390.00 and gave the company a "buy" rating in a research note on Tuesday, March 4th. Barrington Research restated an "outperform" rating and issued a $350.00 price target on shares of Snap-on in a research note on Thursday, April 17th. StockNews.com cut Snap-on from a "buy" rating to a "hold" rating in a research report on Friday, April 18th. Robert W. Baird decreased their price target on shares of Snap-on from $349.00 to $320.00 and set a "neutral" rating on the stock in a research note 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 report on Monday, March 31st. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $350.83.

Snap-on Price Performance

Shares of NYSE:SNA traded up $1.28 during midday trading on Thursday, hitting $315.09. The stock had a trading volume of 68,767 shares, compared to its average volume of 358,015. The company has a quick ratio of 3.17, a current ratio of 4.15 and a debt-to-equity ratio of 0.22. The company has a market capitalization of $16.48 billion, a P/E ratio of 16.17, a price-to-earnings-growth ratio of 2.21 and a beta of 0.84. The company's 50-day moving average price is $326.47 and its 200-day moving average price is $338.70. Snap-on Incorporated has a fifty-two week low of $252.98 and a fifty-two week high of $373.90.

Snap-on (NYSE:SNA - Get Free Report) last issued 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). Snap-on had a net margin of 21.71% and a return on equity of 19.20%. The business had revenue of $1.14 billion during the quarter, compared to analyst estimates of $1.20 billion. During the same period in the prior year, the business posted $4.91 EPS. As a group, equities research analysts predict that Snap-on Incorporated will post 19.79 EPS for the current fiscal year.

Snap-on Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Tuesday, May 20th will be given a $2.14 dividend. This represents a $8.56 dividend on an annualized basis and a yield of 2.72%. The ex-dividend date of this dividend is Tuesday, May 20th. Snap-on's dividend payout ratio is presently 44.82%.

Insiders Place Their Bets

In related news, SVP Jesus Arregui sold 6,451 shares of the firm's stock in a transaction on Monday, February 10th. The stock was sold at an average price of $337.81, for a total transaction 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 legal filing with the SEC, which is available through this hyperlink. Also, CEO Nicholas T. Pinchuk sold 22,700 shares of the company's stock in a transaction dated 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 transaction, the chief executive officer now directly owns 793,932 shares of the company's stock, valued at approximately $266,221,278.24. The trade was a 2.78 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 36,011 shares of company stock valued at $12,116,859. 3.90% of the stock is currently owned by corporate insiders.

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.