Snap-on Incorporated (NYSE:SNA) Shares Sold by Harel Insurance Investments & Financial Services Ltd.

Harel Insurance Investments & Financial Services Ltd. lessened its position in Snap-on Incorporated (NYSE:SNA - Free Report) by 61.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,135 shares of the company's stock after selling 5,012 shares during the period. Harel Insurance Investments & Financial Services Ltd.'s holdings in Snap-on were worth $906,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in SNA. Sumitomo Mitsui Trust Holdings Inc. increased its holdings in Snap-on by 0.5% in the fourth quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 150,003 shares of the company's stock valued at $43,327,000 after purchasing an additional 727 shares during the period. Louisiana State Employees Retirement System acquired a new stake in shares of Snap-on in the fourth quarter valued at about $924,000. Simplicity Solutions LLC bought a new position in shares of Snap-on during the fourth quarter worth about $254,000. AlphaQ Advisors LLC boosted its position in Snap-on by 33.2% during the fourth quarter. AlphaQ Advisors LLC now owns 1,638 shares of the company's stock valued at $473,000 after acquiring an additional 408 shares during the last quarter. Finally, Valeo Financial Advisors LLC acquired a new position in shares of Snap-on in the 4th quarter valued at about $248,000. 84.88% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Barrington Research restated an "outperform" rating and set a $325.00 price target on shares of Snap-on in a report on Monday. Tigress Financial reaffirmed a "buy" rating and issued a $336.00 price target on shares of Snap-on in a research note on Friday, February 16th. One research analyst has rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat, Snap-on presently has an average rating of "Hold" and a consensus target price of $306.00.

Snap-on Stock Down 1.3 %

Shares of NYSE:SNA traded down $3.75 during midday trading on Monday, hitting $285.83. 307,355 shares of the company's stock were exchanged, compared to its average volume of 302,468. Snap-on Incorporated has a 12 month low of $238.90 and a 12 month high of $298.49. The company has a market cap of $15.10 billion, a PE ratio of 15.24, a price-to-earnings-growth ratio of 2.07 and a beta of 0.99. The company has a debt-to-equity ratio of 0.23, a current ratio of 3.88 and a quick ratio of 2.81. The stock has a 50 day moving average price of $284.18 and a 200-day moving average price of $278.04.

Snap-on (NYSE:SNA - Get Free Report) last issued its quarterly earnings data on Thursday, February 8th. The company reported $4.75 EPS for the quarter, topping the consensus estimate of $4.66 by $0.09. The firm had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.20 billion. Snap-on had a return on equity of 20.89% and a net margin of 21.38%. The company's quarterly revenue was up 3.5% compared to the same quarter last year. During the same period in the prior year, the business posted $4.42 earnings per share. On average, sell-side analysts anticipate that Snap-on Incorporated will post 19.22 EPS for the current fiscal year.

Snap-on Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 11th. Shareholders of record on Monday, February 26th were issued a dividend of $1.86 per share. The ex-dividend date was Friday, February 23rd. This represents a $7.44 dividend on an annualized basis and a yield of 2.60%. Snap-on's dividend payout ratio is currently 39.68%.

Insider Transactions at Snap-on

In related news, VP Richard Thomas Miller sold 704 shares of the company's stock in a transaction on Thursday, March 28th. The shares were sold at an average price of $298.16, for a total transaction of $209,904.64. Following the completion of the transaction, the vice president now owns 3,213 shares in the company, valued at $957,988.08. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, CFO Aldo John Pagliari sold 3,231 shares of the business's stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $270.58, for a total transaction of $874,243.98. Following the completion of the transaction, the chief financial officer now owns 93,183 shares in the company, valued at approximately $25,213,456.14. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Richard Thomas Miller sold 704 shares of the company's stock in a transaction dated Thursday, March 28th. The stock was sold at an average price of $298.16, for a total transaction of $209,904.64. Following the completion of the transaction, the vice president now owns 3,213 shares in the company, valued at $957,988.08. The disclosure for this sale can be found here. Insiders have sold 47,368 shares of company stock valued at $13,399,449 over the last quarter. 4.10% of the stock is currently owned by company insiders.

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.