Snap-on Incorporated (NYSE:SNA) Stock Holdings Lifted by Natixis Advisors LLC

Natixis Advisors LLC lifted its holdings in shares of Snap-on Incorporated (NYSE:SNA) by 9.1% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 72,479 shares of the company’s stock after buying an additional 6,041 shares during the period. Natixis Advisors LLC owned 0.14% of Snap-on worth $24,605,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Aurora Investment Counsel grew its holdings in shares of Snap-on by 0.9% during the third quarter. Aurora Investment Counsel now owns 3,549 shares of the company’s stock valued at $1,028,000 after purchasing an additional 30 shares during the last quarter. Greenleaf Trust grew its stake in Snap-on by 3.1% during 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 Snap-on by 70.5% during 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 increased its position in Snap-on by 4.5% in the fourth 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 period. Finally, New York Life Investment Management LLC grew its position in shares of Snap-on by 0.4% during the fourth quarter. New York Life Investment Management LLC now owns 7,106 shares of the company’s stock worth $2,412,000 after acquiring an additional 31 shares during the last quarter. Institutional investors and hedge funds own 84.88% of the company’s stock.

Wall Street Analysts Forecast Growth

SNA has been the subject of several recent analyst reports. Barrington Research restated an “outperform” rating and issued a $350.00 target price on shares of Snap-on in a research report on Monday, February 10th. Tigress Financial increased their price objective on Snap-on from $385.00 to $390.00 and gave the stock a “buy” rating in a report on Tuesday, March 4th. One research analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, Snap-on currently has an average rating of “Hold” and an average price target of $346.40.

Snap-on Stock Down 0.8 %

Snap-on stock opened at $329.04 on Tuesday. Snap-on Incorporated has a 52 week low of $252.98 and a 52 week high of $373.90. The stock has a market cap of $17.25 billion, a price-to-earnings ratio of 16.87, a PEG ratio of 2.21 and a beta of 0.99. The company’s 50-day moving average price is $341.41 and its two-hundred day moving average price is $330.42. The company has a current ratio of 4.15, a quick ratio of 3.17 and a debt-to-equity ratio of 0.22.

Snap-on (NYSE:SNA) last announced its earnings results on Thursday, February 6th. The company reported $4.82 EPS for the quarter, topping the consensus estimate of $4.78 by $0.04. Snap-on had a return on equity of 19.20% and a net margin of 21.71%. During the same quarter in the previous year, the business earned $4.75 EPS. On average, analysts expect that Snap-on Incorporated will post 19.79 EPS for the current fiscal year.

Snap-on Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Monday, February 24th were issued a dividend of $2.14 per share. This represents a $8.56 dividend on an annualized basis and a yield of 2.60%. The ex-dividend date of this dividend was Monday, February 24th. Snap-on’s payout ratio is currently 43.90%.

Insider Buying and Selling

In other news, CFO Aldo John Pagliari sold 6,909 shares of Snap-on stock in a transaction that occurred on Wednesday, December 18th. The shares were sold at an average price of $347.62, for a total value of $2,401,706.58. Following the transaction, the chief financial officer now owns 100,668 shares of the company’s stock, valued at $34,994,210.16. The trade was a 6.42 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, SVP Jesus Arregui sold 6,451 shares of the firm’s stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $337.81, for a total transaction of $2,179,212.31. Following the sale, the senior vice president now 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 disclosure for this sale can be found here. Insiders have sold a total of 20,220 shares of company stock valued at $6,906,802 over the last three months. Company insiders own 4.10% of the company’s stock.

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.