Mariner LLC Acquires 1,219 Shares of Snap-on Incorporated (NYSE:SNA)

Mariner LLC grew its stake in shares of Snap-on Incorporated (NYSE:SNA - Free Report) by 4.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 29,409 shares of the company's stock after buying an additional 1,219 shares during the period. Mariner LLC owned 0.06% of Snap-on worth $9,984,000 at the end of the most recent reporting period.

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

Insider Transactions at Snap-on

In other Snap-on news, CEO Nicholas T. Pinchuk sold 22,700 shares of the company's stock in a transaction dated Thursday, March 27th. The shares were sold at an average price of $335.32, for a total value of $7,611,764.00. Following the transaction, the chief executive officer now directly owns 793,932 shares in the company, valued at $266,221,278.24. This represents a 2.78 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Jesus Arregui sold 6,451 shares of Snap-on stock in a transaction that occurred on Monday, February 10th. The shares were 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 directly owns 257 shares of the company's stock, valued at $86,817.17. This represents a 96.17 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 36,011 shares of company stock worth $12,116,859. 3.90% of the stock is currently owned by insiders.

Snap-on Trading Up 2.5 %

Shares of SNA stock traded up $7.67 during trading hours on Wednesday, reaching $309.00. 90,662 shares of the stock were exchanged, compared to its average volume of 355,352. The firm has a market capitalization of $16.20 billion, a price-to-earnings ratio of 15.85, a price-to-earnings-growth ratio of 2.21 and a beta of 0.84. Snap-on Incorporated has a 12-month low of $252.98 and a 12-month high of $373.90. The company's 50-day moving average price is $330.06 and its 200-day moving average price is $338.13. The company has a current ratio of 4.15, a quick ratio of 3.17 and a debt-to-equity ratio of 0.22.

Snap-on (NYSE:SNA - Get Free Report) last announced 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 net margin of 21.71% and a return on equity of 19.20%. The business had revenue of $1.14 billion for the quarter, compared to analysts' expectations of $1.20 billion. During the same quarter last year, the firm earned $4.91 EPS. As a group, equities analysts anticipate that Snap-on Incorporated will post 19.79 earnings per share for the current year.

Snap-on Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Monday, February 24th were paid a $2.14 dividend. The ex-dividend date of this dividend was Monday, February 24th. This represents a $8.56 dividend on an annualized basis and a yield of 2.77%. Snap-on's payout ratio is 44.82%.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. StockNews.com downgraded Snap-on from a "buy" rating to a "hold" rating in a research note on Friday, April 18th. Barrington Research reaffirmed an "outperform" rating and set a $350.00 price target on shares of Snap-on in a research note on Thursday, April 17th. Robert W. Baird dropped their price objective on shares of Snap-on from $349.00 to $320.00 and set a "neutral" rating for the company in a research note on Monday. Tigress Financial upped their target price 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. Finally, Longbow Research raised shares of Snap-on from a "neutral" rating to a "buy" rating and set a $400.00 price target for the company in a report on Monday, March 31st. One research analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Snap-on currently has a consensus rating of "Hold" and a consensus target price of $350.83.

Snap-on Company 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.