Snap-on Incorporated (NYSE:SNA) Shares Bought by Metis Global Partners LLC

Metis Global Partners LLC grew its position in shares of Snap-on Incorporated (NYSE:SNA) by 3.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,755 shares of the company’s stock after purchasing an additional 64 shares during the period. Metis Global Partners LLC’s holdings in Snap-on were worth $596,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. UMB Bank n.a. boosted its stake in shares of 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 purchasing an additional 31 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of Snap-on during the 4th quarter worth about $28,000. Brooklyn Investment Group acquired a new stake in shares of Snap-on during the 3rd quarter worth about $39,000. Asset Planning Inc acquired a new stake in shares of Snap-on during the 4th quarter worth about $68,000. Finally, Private Trust Co. NA boosted its stake in shares of Snap-on by 38.2% during the 3rd quarter. Private Trust Co. NA now owns 217 shares of the company’s stock worth $63,000 after purchasing an additional 60 shares during the last quarter. 84.88% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

SNA has been the topic of several analyst reports. Barrington Research reaffirmed an “outperform” rating and set a $350.00 price target on shares of Snap-on in a research note on Monday, February 10th. Tigress Financial raised their target price on shares of Snap-on from $385.00 to $390.00 and gave the stock a “buy” rating in a research report on Tuesday. One analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, Snap-on has a consensus rating of “Hold” and an average price target of $346.40.

Insider Buying and Selling at Snap-on

In other Snap-on news, CEO Nicholas T. Pinchuk sold 21,783 shares of Snap-on stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $354.83, for a total transaction of $7,729,261.89. Following the transaction, the chief executive officer now directly owns 769,738 shares of the company’s stock, valued at $273,126,134.54. The trade was a 2.75 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP Jesus Arregui sold 6,451 shares of Snap-on stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $337.81, for a total transaction of $2,179,212.31. Following the transaction, the senior vice president now directly owns 257 shares in the company, valued at approximately $86,817.17. This trade represents 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 42,003 shares of company stock valued at $14,636,064 over the last ninety days. Corporate insiders own 4.10% of the company’s stock.

Snap-on Price Performance

SNA opened at $333.98 on Thursday. The company’s 50 day simple moving average is $342.71 and its 200 day simple moving average is $327.07. The company has a debt-to-equity ratio of 0.22, a quick ratio of 3.17 and a current ratio of 4.15. Snap-on Incorporated has a 1 year low of $252.98 and a 1 year high of $373.89. The stock has a market capitalization of $17.50 billion, a PE ratio of 17.13, a P/E/G ratio of 2.21 and a beta of 0.99.

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

Snap-on Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Monday, February 24th will be given a dividend of $2.14 per share. The ex-dividend date is Monday, February 24th. This represents a $8.56 dividend on an annualized basis and a yield of 2.56%. Snap-on’s dividend payout ratio (DPR) is 43.90%.

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.