Quantinno Capital Management LP Purchases 13,570 Shares of Snap-on Incorporated (NYSE:SNA)

Quantinno Capital Management LP lifted its position in Snap-on Incorporated (NYSE:SNA - Free Report) by 56.9% in the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 37,420 shares of the company's stock after acquiring an additional 13,570 shares during the period. Quantinno Capital Management LP owned 0.07% of Snap-on worth $12,703,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in SNA. Greenleaf Trust grew its stake in shares of Snap-on by 3.1% in the 4th quarter. Greenleaf Trust now owns 1,013 shares of the company's stock worth $344,000 after buying an additional 30 shares during the last quarter. UMB Bank n.a. grew its stake in shares of Snap-on by 70.5% in the 4th quarter. UMB Bank n.a. now owns 75 shares of the company's stock worth $25,000 after buying an additional 31 shares during the last quarter. WCM Investment Management LLC grew its stake in shares of Snap-on by 4.5% in the 4th quarter. WCM Investment Management LLC now owns 727 shares of the company's stock worth $247,000 after buying an additional 31 shares during the last quarter. New York Life Investment Management LLC grew its stake in shares of Snap-on by 0.4% in the 4th quarter. New York Life Investment Management LLC now owns 7,106 shares of the company's stock worth $2,412,000 after buying an additional 31 shares during the last quarter. Finally, Inspire Advisors LLC boosted its stake in Snap-on by 1.0% during the 4th quarter. Inspire Advisors LLC now owns 3,382 shares of the company's stock valued at $1,148,000 after purchasing an additional 34 shares during the last quarter. Institutional investors own 84.88% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have commented on SNA. Tigress Financial increased their target price on Snap-on from $385.00 to $390.00 and gave the company a "buy" rating in a research note on Tuesday, March 4th. Robert W. Baird decreased their target price on Snap-on from $349.00 to $320.00 and set a "neutral" rating on the stock in a report on Monday, April 21st. Longbow Research raised Snap-on from a "neutral" rating to a "buy" rating and set a $400.00 target price on the stock in a report on Monday, March 31st. StockNews.com raised Snap-on from a "hold" rating to a "buy" rating in a report on Wednesday, May 7th. Finally, Barrington Research reaffirmed an "outperform" rating and issued a $350.00 target price on shares of Snap-on in a report on Thursday, April 17th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $350.83.

Snap-on Trading Down 0.5%

Shares of SNA stock opened at $325.52 on Thursday. Snap-on Incorporated has a 12-month low of $252.98 and a 12-month high of $373.90. The company has a current ratio of 4.15, a quick ratio of 3.17 and a debt-to-equity ratio of 0.22. The stock's 50-day moving average price is $322.77 and its 200-day moving average price is $338.78. The stock has a market capitalization of $17.02 billion, a price-to-earnings ratio of 16.69, a price-to-earnings-growth ratio of 2.21 and a beta of 0.78.

Snap-on (NYSE:SNA - Get Free Report) last released its quarterly earnings results on Thursday, April 17th. The company reported $4.51 EPS for the quarter, missing the consensus estimate of $4.81 by ($0.30). The company had revenue of $1.14 billion during the quarter, compared to analysts' expectations of $1.20 billion. Snap-on had a return on equity of 19.20% and a net margin of 21.71%. During the same quarter in the prior year, the business posted $4.91 EPS. Equities research analysts predict that Snap-on Incorporated will post 19.79 EPS for the current fiscal year.

Snap-on Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Tuesday, May 20th will be paid a dividend of $2.14 per share. This represents a $8.56 annualized dividend and a dividend yield of 2.63%. The ex-dividend date of this dividend is Tuesday, May 20th. Snap-on's dividend payout ratio is presently 44.82%.

Insider Activity

In related news, CEO Nicholas T. Pinchuk sold 22,700 shares of the business's stock in a transaction that occurred on Thursday, March 27th. The shares were sold at an average price of $335.32, for a total value of $7,611,764.00. Following the completion of the transaction, the chief executive officer now owns 793,932 shares of the company's stock, valued at $266,221,278.24. The trade was a 2.78% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Aldo John Pagliari sold 6,860 shares of the business's stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $339.05, for a total transaction of $2,325,883.00. Following the completion of the transaction, the chief financial officer now directly owns 107,096 shares of the company's stock, valued at $36,310,898.80. This trade represents a 6.02% decrease in their position. The disclosure for this sale can be found here. Insiders own 3.90% 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.

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