Strs Ohio Sells 549 Shares of Snap-on Incorporated (NYSE:SNA)

Strs Ohio cut its stake in Snap-on Incorporated (NYSE:SNA) by 5.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 9,282 shares of the company’s stock after selling 549 shares during the period. Strs Ohio’s holdings in Snap-on were worth $2,681,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of the stock. MetLife Investment Management LLC raised its stake in shares of Snap-on by 22.4% during the first quarter. MetLife Investment Management LLC now owns 14,527 shares of the company’s stock worth $2,985,000 after buying an additional 2,657 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in shares of Snap-on by 6.0% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 7,150 shares of the company’s stock worth $1,469,000 after buying an additional 407 shares during the last quarter. Sei Investments Co. increased its stake in Snap-on by 11.3% in the first quarter. Sei Investments Co. now owns 125,365 shares of the company’s stock valued at $25,727,000 after purchasing an additional 12,720 shares in the last quarter. Aviva PLC increased its stake in Snap-on by 12.3% in the first quarter. Aviva PLC now owns 33,102 shares of the company’s stock valued at $6,802,000 after purchasing an additional 3,636 shares in the last quarter. Finally, Prudential PLC bought a new stake in Snap-on in the first quarter valued at approximately $302,000. 84.88% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages have commented on SNA. Roth Mkm reaffirmed a “buy” rating and issued a $324.00 target price on shares of Snap-on in a research note on Thursday. Tigress Financial reaffirmed a “buy” rating and issued a $336.00 target price on shares of Snap-on in a research note on Friday, February 16th. Barrington Research reaffirmed an “outperform” rating and issued a $325.00 target price on shares of Snap-on in a research note on Monday, April 15th. Finally, Robert W. Baird lowered their target price on shares of Snap-on from $295.00 to $282.00 and set a “neutral” rating for the company in a research note on Friday. One research analyst has rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $301.40.

Snap-on Stock Up 2.7 %

Snap-on stock opened at $268.80 on Friday. The stock has a market capitalization of $14.20 billion, a PE ratio of 14.10, a price-to-earnings-growth ratio of 1.87 and a beta of 0.99. Snap-on Incorporated has a twelve month low of $245.73 and a twelve month high of $298.49. The company has a quick ratio of 2.81, a current ratio of 3.82 and a debt-to-equity ratio of 0.23. The company has a 50 day moving average of $283.78 and a 200-day moving average of $278.27.

Snap-on (NYSE:SNA) last announced its earnings results on Thursday, April 18th. The company reported $4.75 EPS for the quarter, topping the consensus estimate of $4.66 by $0.09. Snap-on had a net margin of 21.69% and a return on equity of 20.46%. The business had revenue of $1.18 billion during the quarter, compared to analysts’ expectations of $1.20 billion. During the same quarter in the prior year, the company posted $4.60 earnings per share. The firm’s revenue was down .1% on a year-over-year basis. On average, equities research analysts anticipate that Snap-on Incorporated will post 19.22 EPS for the current fiscal year.

Snap-on Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 11th. Investors of record on Monday, February 26th were issued a dividend of $1.86 per share. This represents a $7.44 annualized dividend and a yield of 2.77%. The ex-dividend date of this dividend was Friday, February 23rd. Snap-on’s payout ratio is 39.03%.

Insider Buying and Selling

In related news, CFO Aldo John Pagliari sold 3,231 shares of the stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $270.58, for a total transaction of $874,243.98. Following the completion of the transaction, the chief financial officer now owns 93,183 shares in the company, valued at $25,213,456.14. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Snap-on news, CFO Aldo John Pagliari sold 3,231 shares of the stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $270.58, for a total value of $874,243.98. Following the completion of the sale, the chief financial officer now owns 93,183 shares in the company, valued at $25,213,456.14. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP Anup R. Banerjee sold 12,397 shares of the stock in a transaction on Monday, March 4th. The shares were sold at an average price of $283.13, for a total transaction of $3,509,962.61. Following the completion of the sale, 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. Over the last 90 days, insiders sold 47,368 shares of company stock worth $13,399,449. 4.10% of the stock is 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.