Snap-on Incorporated (NYSE:SNA) Shares Bought by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC boosted its stake in Snap-on Incorporated (NYSE:SNA - Free Report) by 22.2% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 19,722 shares of the company's stock after acquiring an additional 3,578 shares during the quarter. Los Angeles Capital Management LLC's holdings in Snap-on were worth $5,697,000 as of its most recent filing with the SEC.

Other institutional investors have also recently added to or reduced their stakes in the company. Brown Advisory Inc. boosted its stake in Snap-on by 0.5% during the 3rd quarter. Brown Advisory Inc. now owns 21,885 shares of the company's stock worth $5,582,000 after purchasing an additional 114 shares during the last quarter. Verdence Capital Advisors LLC boosted its stake in Snap-on by 5.2% during the 3rd quarter. Verdence Capital Advisors LLC now owns 1,626 shares of the company's stock worth $415,000 after purchasing an additional 80 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Snap-on by 3.8% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 68,082 shares of the company's stock worth $17,365,000 after purchasing an additional 2,476 shares during the last quarter. Mackenzie Financial Corp boosted its stake in Snap-on by 2.2% during the 3rd quarter. Mackenzie Financial Corp now owns 4,271 shares of the company's stock worth $1,085,000 after purchasing an additional 90 shares during the last quarter. Finally, Strs Ohio boosted its stake in Snap-on by 6.5% during the 3rd quarter. Strs Ohio now owns 9,831 shares of the company's stock worth $2,507,000 after purchasing an additional 604 shares during the last quarter. Institutional investors and hedge funds own 84.88% of the company's stock.

Analyst Ratings Changes

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

Insider Activity at Snap-on

In related news, CFO Aldo John Pagliari sold 3,231 shares of the company's stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $270.58, for a total value of $874,243.98. Following the completion of the transaction, the chief financial officer now directly owns 93,183 shares of the company's stock, valued at $25,213,456.14. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, VP Richard Thomas Miller sold 704 shares of the 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 completion of the sale, the vice president now directly owns 3,213 shares of the company's stock, valued at $957,988.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Aldo John Pagliari sold 3,231 shares of the stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $270.58, for a total value of $874,243.98. Following the completion of the sale, the chief financial officer now directly owns 93,183 shares of the company's stock, valued at $25,213,456.14. The disclosure for this sale can be found here. Insiders sold 49,930 shares of company stock valued at $14,089,523 over the last three months. 4.10% of the stock is owned by corporate insiders.

Snap-on Trading Up 1.4 %

NYSE:SNA traded up $3.71 on Monday, reaching $274.74. 173,256 shares of the company's stock were exchanged, compared to its average volume of 311,995. Snap-on Incorporated has a 52-week low of $247.68 and a 52-week high of $298.49. The firm has a market capitalization of $14.48 billion, a price-to-earnings ratio of 14.22, a price-to-earnings-growth ratio of 1.87 and a beta of 1.00. The company has a quick ratio of 2.83, a current ratio of 3.82 and a debt-to-equity ratio of 0.23. The business has a fifty day moving average of $284.25 and a 200-day moving average of $279.49.

Snap-on (NYSE:SNA - Get Free Report) last announced its quarterly earnings data on Thursday, April 18th. The company reported $4.75 EPS for the quarter, topping 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 business had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.20 billion. During the same period in the previous year, the company posted $4.60 earnings per share. The business's revenue for the quarter was down .1% on a year-over-year basis. As a group, analysts expect that Snap-on Incorporated will post 19.02 earnings per share for the current year.

Snap-on Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 10th. Investors of record on Monday, May 20th will be issued a $1.86 dividend. This represents a $7.44 dividend on an annualized basis and a yield of 2.71%. The ex-dividend date is Friday, May 17th. Snap-on's dividend payout ratio (DPR) is 39.03%.

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.