Natixis Advisors L.P. Buys 6,075 Shares of Snap-on Incorporated (NYSE:SNA)

Natixis Advisors L.P. increased its position in Snap-on Incorporated (NYSE:SNA - Free Report) by 11.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 58,360 shares of the company's stock after buying an additional 6,075 shares during the period. Natixis Advisors L.P. owned about 0.11% of Snap-on worth $16,856,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the company. BKM Wealth Management LLC purchased a new stake in Snap-on in the fourth quarter valued at approximately $33,000. Exchange Traded Concepts LLC purchased a new stake in Snap-on during the fourth quarter worth approximately $43,000. Peoples Bank KS purchased a new stake in Snap-on during the third quarter worth approximately $40,000. Fortitude Family Office LLC purchased a new stake in Snap-on during the fourth quarter worth approximately $49,000. Finally, Bruce G. Allen Investments LLC purchased a new stake in Snap-on during the fourth quarter worth approximately $53,000. Institutional investors and hedge funds own 84.88% of the company's stock.

Analyst Ratings Changes

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

Snap-on Stock Performance

Shares of NYSE:SNA traded up $2.27 on Tuesday, reaching $276.86. 224,930 shares of the company's stock were exchanged, compared to its average volume of 311,005. The firm has a market capitalization of $14.60 billion, a price-to-earnings ratio of 14.41, a PEG ratio of 1.87 and a beta of 1.00. Snap-on Incorporated has a fifty-two week low of $247.68 and a fifty-two week high of $298.49. The business's 50-day moving average is $284.32 and its two-hundred day moving average is $279.64. The company has a quick ratio of 2.83, a current ratio of 3.82 and a debt-to-equity ratio of 0.23.

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

Snap-on Announces Dividend

The company also recently disclosed 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. The ex-dividend date of this dividend is Friday, May 17th. This represents a $7.44 dividend on an annualized basis and a dividend yield of 2.69%. Snap-on's dividend payout ratio (DPR) is presently 39.03%.

Insider Buying and Selling

In related news, CEO Nicholas T. Pinchuk sold 23,514 shares of the stock in a transaction dated Tuesday, March 19th. The shares were sold at an average price of $287.48, for a total value of $6,759,804.72. Following the sale, the chief executive officer now owns 742,383 shares of the company's stock, valued at approximately $213,420,264.84. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, SVP Anup R. Banerjee sold 12,397 shares of the stock in a transaction dated 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 owns 11,420 shares in the company, valued at approximately $3,233,344.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Nicholas T. Pinchuk sold 23,514 shares of the stock in a transaction dated Tuesday, March 19th. The shares were sold at an average price of $287.48, for a total transaction of $6,759,804.72. Following the completion of the transaction, the chief executive officer now owns 742,383 shares of the company's stock, valued at approximately $213,420,264.84. The disclosure for this sale can be found here. Insiders have sold a total of 49,930 shares of company stock valued at $14,089,523 in the last quarter. Company insiders own 4.10% of the company's stock.

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.