California Public Employees Retirement System Sells 3,330 Shares of Snap-on Incorporated (NYSE:SNA)

California Public Employees Retirement System lessened its stake in Snap-on Incorporated (NYSE:SNA - Free Report) by 3.0% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 107,615 shares of the company's stock after selling 3,330 shares during the quarter. California Public Employees Retirement System owned 0.20% of Snap-on worth $31,084,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Telemus Capital LLC purchased a new position in shares of Snap-on in the 4th quarter valued at about $309,000. Duality Advisers LP purchased a new position in shares of Snap-on in the 4th quarter valued at about $999,000. Foundry Partners LLC boosted its stake in shares of Snap-on by 0.5% in the 4th quarter. Foundry Partners LLC now owns 66,652 shares of the company's stock valued at $19,252,000 after buying an additional 319 shares during the period. MCF Advisors LLC boosted its stake in shares of Snap-on by 13.7% in the 4th quarter. MCF Advisors LLC now owns 747 shares of the company's stock valued at $216,000 after buying an additional 90 shares during the period. Finally, CWM LLC lifted its stake in Snap-on by 20.8% during the fourth quarter. CWM LLC now owns 5,703 shares of the company's stock worth $1,647,000 after purchasing an additional 982 shares during the last quarter. Hedge funds and other institutional investors own 84.88% of the company's stock.

Insider Buying and Selling at Snap-on

In other news, VP Richard Thomas Miller sold 704 shares of the business's stock in a transaction that occurred on Thursday, March 28th. The stock was sold at an average price of $298.16, for a total value of $209,904.64. Following the transaction, the vice president now owns 3,213 shares of the company's stock, valued at $957,988.08. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other news, VP Richard Thomas Miller sold 704 shares of the business's stock in a transaction that occurred on Thursday, March 28th. The stock was sold at an average price of $298.16, for a total value of $209,904.64. Following the transaction, the vice president now owns 3,213 shares of the company's stock, valued at $957,988.08. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Anup R. Banerjee sold 12,397 shares of the business's stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $283.13, for a total value of $3,509,962.61. Following the completion of the transaction, the senior vice president now directly owns 11,420 shares in the company, valued at approximately $3,233,344.60. The disclosure for this sale can be found here. Over the last quarter, insiders sold 49,930 shares of company stock worth $14,089,523. 4.10% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on SNA shares. Robert W. Baird decreased their target price on Snap-on from $295.00 to $282.00 and set a "neutral" rating for the company in a research note on Friday, April 19th. Tigress Financial restated a "buy" rating and set a $336.00 target price on shares of Snap-on in a research note on Friday, February 16th. Barrington Research restated an "outperform" rating and set a $325.00 target price on shares of Snap-on in a research note on Monday, April 15th. Finally, Roth Mkm restated a "buy" rating and set a $324.00 target price on shares of Snap-on in a research note on Thursday, April 18th. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $316.75.

Snap-on Stock Performance

NYSE SNA traded up $0.54 on Friday, reaching $270.70. The stock had a trading volume of 237,139 shares, compared to its average volume of 318,346. The company has a debt-to-equity ratio of 0.23, a quick ratio of 2.83 and a current ratio of 3.82. Snap-on Incorporated has a 12-month low of $247.68 and a 12-month high of $298.49. The business's 50-day moving average price is $284.28 and its 200 day moving average price is $278.86. The stock has a market cap of $14.27 billion, a P/E ratio of 14.20, a price-to-earnings-growth ratio of 1.87 and a beta of 0.99.

Snap-on (NYSE:SNA - Get Free Report) last issued its quarterly earnings data on Thursday, April 18th. The company reported $4.75 earnings per share for the quarter, beating analysts' consensus estimates of $4.66 by $0.09. Snap-on had a return on equity of 20.46% and a net margin of 21.69%. The company had revenue of $1.18 billion during the quarter, compared to analysts' expectations of $1.20 billion. During the same quarter in the previous year, the business earned $4.60 earnings per share. The firm's revenue for the quarter was down .1% on a year-over-year basis. As a group, equities analysts expect that Snap-on Incorporated will post 19.02 earnings per share for the current year.

Snap-on Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 10th. Shareholders of record on Monday, May 20th will be paid a $1.86 dividend. This represents a $7.44 dividend on an annualized basis and a yield of 2.75%. The ex-dividend date is Friday, May 17th. Snap-on's dividend payout ratio is currently 39.03%.

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.