Two Sigma Securities LLC Sells 4,616 Shares of Snap-on Incorporated (NYSE:SNA)

Two Sigma Securities LLC lessened its stake in shares of Snap-on Incorporated (NYSE:SNA - Free Report) by 85.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 791 shares of the company's stock after selling 4,616 shares during the period. Two Sigma Securities LLC's holdings in Snap-on were worth $269,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Integrated Wealth Concepts LLC boosted its position in shares of Snap-on by 9.9% during the 4th quarter. Integrated Wealth Concepts LLC now owns 2,984 shares of the company's stock worth $1,013,000 after acquiring an additional 268 shares in the last quarter. MGO One Seven LLC raised its stake in shares of Snap-on by 36.6% during the fourth quarter. MGO One Seven LLC now owns 1,419 shares of the company's stock valued at $482,000 after acquiring an additional 380 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in Snap-on by 1.0% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 75,308 shares of the company's stock worth $25,567,000 after buying an additional 770 shares during the period. Hsbc Holdings PLC boosted its holdings in Snap-on by 19.1% in the fourth quarter. Hsbc Holdings PLC now owns 498,626 shares of the company's stock valued at $169,302,000 after acquiring an additional 79,791 shares during the last quarter. Finally, OneDigital Investment Advisors LLC acquired a new stake in shares of Snap-on during the fourth quarter worth $233,000. 84.88% of the stock is owned by institutional investors and hedge funds.

Snap-on Stock Performance

SNA stock traded up $5.17 during midday trading on Friday, reaching $316.88. 326,939 shares of the company's stock traded hands, compared to its average volume of 358,915. The company has a debt-to-equity ratio of 0.22, a quick ratio of 3.17 and a current ratio of 4.15. The firm has a market capitalization of $16.57 billion, a PE ratio of 16.25, a price-to-earnings-growth ratio of 2.21 and a beta of 0.84. Snap-on Incorporated has a 52 week low of $252.98 and a 52 week high of $373.90. The company has a 50-day moving average price of $325.99 and a two-hundred day moving average price of $338.81.

Snap-on (NYSE:SNA - Get Free Report) last issued its quarterly earnings data on Thursday, April 17th. The company reported $4.51 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $4.81 by ($0.30). Snap-on had a return on equity of 19.20% and a net margin of 21.71%. The business had revenue of $1.14 billion during the quarter, compared to analysts' expectations of $1.20 billion. During the same quarter last year, the business posted $4.91 EPS. As a group, equities analysts anticipate that Snap-on Incorporated will post 19.79 EPS for the current year.

Snap-on Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Tuesday, May 20th will be paid a $2.14 dividend. The ex-dividend date is Tuesday, May 20th. This represents a $8.56 dividend on an annualized basis and a yield of 2.70%. Snap-on's dividend payout ratio is presently 44.82%.

Analyst Ratings Changes

Several equities research analysts recently commented on SNA shares. Barrington Research restated an "outperform" rating and set a $350.00 target price on shares of Snap-on in a research report on Thursday, April 17th. StockNews.com lowered shares of Snap-on from a "buy" rating to a "hold" rating in a research note on Friday, April 18th. Tigress Financial lifted their target price on Snap-on from $385.00 to $390.00 and gave the company a "buy" rating in a research report on Tuesday, March 4th. Longbow Research raised shares of Snap-on from a "neutral" rating to a "buy" rating and set a $400.00 price objective for the company in a research report on Monday, March 31st. Finally, Robert W. Baird cut their price target on shares of Snap-on from $349.00 to $320.00 and set a "neutral" rating on the stock in a report on Monday, April 21st. One analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $350.83.

Insider Activity

In related news, SVP Jesus Arregui sold 6,451 shares of Snap-on stock in a transaction on Monday, February 10th. The shares were sold at an average price of $337.81, for a total value of $2,179,212.31. Following the transaction, the senior vice president now directly owns 257 shares of the company's stock, valued at $86,817.17. The trade was a 96.17 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Nicholas T. Pinchuk sold 22,700 shares of the stock in a transaction on Thursday, March 27th. The shares were sold at an average price of $335.32, for a total transaction of $7,611,764.00. Following the sale, the chief executive officer now directly owns 793,932 shares of the company's stock, valued at $266,221,278.24. The trade was a 2.78 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 36,011 shares of company stock worth $12,116,859. 3.90% of the stock is currently owned by insiders.

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.