Snap-on Incorporated (NYSE:SNA) Stock Holdings Lifted by QRG Capital Management Inc.

QRG Capital Management Inc. grew its position in Snap-on Incorporated (NYSE:SNA - Free Report) by 4.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 96,144 shares of the company's stock after purchasing an additional 4,049 shares during the period. QRG Capital Management Inc. owned about 0.18% of Snap-on worth $27,770,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. increased its position in Snap-on by 2.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,276,205 shares of the company's stock worth $325,509,000 after buying an additional 26,260 shares during the last quarter. Nordea Investment Management AB raised its stake in shares of Snap-on by 52.8% in the 4th quarter. Nordea Investment Management AB now owns 864,565 shares of the company's stock valued at $249,743,000 after acquiring an additional 298,727 shares in the last quarter. Northern Trust Corp lifted its holdings in Snap-on by 4.6% in the 3rd quarter. Northern Trust Corp now owns 834,148 shares of the company's stock worth $212,758,000 after purchasing an additional 36,556 shares during the last quarter. Earnest Partners LLC boosted its position in Snap-on by 5.8% during the third quarter. Earnest Partners LLC now owns 775,131 shares of the company's stock worth $197,705,000 after purchasing an additional 42,701 shares during the period. Finally, Envestnet Asset Management Inc. grew its holdings in Snap-on by 25.1% during the third quarter. Envestnet Asset Management Inc. now owns 738,473 shares of the company's stock valued at $188,355,000 after purchasing an additional 147,997 shares during the last quarter. 84.88% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

SNA has been the subject of several recent analyst reports. Tigress Financial reaffirmed a "buy" rating and set a $336.00 price objective on shares of Snap-on in a report on Friday, February 16th. Roth Mkm restated a "buy" rating and set a $324.00 price target on shares of Snap-on in a report on Thursday, April 18th. Robert W. Baird dropped their price objective on Snap-on from $295.00 to $282.00 and set a "neutral" rating on the stock in a research note on Friday, April 19th. Finally, 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. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $316.75.

Snap-on Stock Performance

Shares of NYSE:SNA traded up $0.81 on Friday, hitting $280.91. 137,350 shares of the company were exchanged, compared to its average volume of 335,346. The company's 50 day moving average price is $284.55 and its two-hundred day moving average price is $280.18. The firm has a market capitalization of $14.81 billion, a price-to-earnings ratio of 14.74, a PEG ratio of 1.93 and a beta of 1.00. 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 one year low of $247.68 and a one year high of $298.49.

Snap-on (NYSE:SNA - Get Free Report) last issued its quarterly earnings results on Thursday, April 18th. The company reported $4.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.66 by $0.09. Snap-on had a return on equity of 20.46% and a net margin of 21.69%. The firm had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.20 billion. During the same period in the previous year, the company posted $4.60 earnings per share. The company's quarterly revenue was down .1% compared to the same quarter last year. Research analysts expect that Snap-on Incorporated will post 19.03 earnings per share for the current year.

Snap-on Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 10th. Investors of record on Monday, May 20th will be given a $1.86 dividend. The ex-dividend date of this dividend is Friday, May 17th. This represents a $7.44 annualized dividend and a yield of 2.65%. Snap-on's dividend payout ratio (DPR) is currently 39.03%.

Insiders Place Their Bets

In other news, VP Richard Thomas Miller sold 704 shares of the stock in a transaction on Thursday, March 28th. The shares were sold at an average price of $298.16, for a total value of $209,904.64. Following the completion of the transaction, the vice president now owns 3,213 shares in the company, valued at approximately $957,988.08. The sale was disclosed in a filing with the SEC, which is available at this link. In other news, VP Richard Thomas Miller sold 704 shares of the company'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 sale, the vice president now directly owns 3,213 shares in the company, valued at approximately $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 firm's stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $283.13, for a total value of $3,509,962.61. Following the transaction, the senior vice president now owns 11,420 shares of the company's stock, valued at approximately $3,233,344.60. The disclosure for this sale can be found here. Insiders have sold 49,930 shares of company stock worth $14,089,523 over the last 90 days. Corporate insiders own 4.10% of the company's stock.

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.

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