Foundry Partners LLC Grows Position in Snap-on Incorporated (NYSE:SNA)

Foundry Partners LLC increased its position in shares of Snap-on Incorporated (NYSE:SNA) by 3.4% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,958 shares of the company’s stock after buying an additional 97 shares during the period. Foundry Partners LLC’s holdings in Snap-on were worth $322,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Credit Agricole S A acquired a new position in Snap-on in the fourth quarter valued at approximately $31,000. HBW Advisory Services LLC acquired a new position in Snap-on in the first quarter valued at approximately $28,000. Capital Square LLC acquired a new position in Snap-on in the first quarter valued at approximately $34,000. Quantbot Technologies LP acquired a new position in Snap-on in the fourth quarter valued at approximately $61,000. Finally, Whittier Trust Co. acquired a new position in Snap-on in the fourth quarter valued at approximately $65,000. Hedge funds and other institutional investors own 95.42% of the company’s stock.

SNA stock opened at $128.88 on Friday. The company has a market capitalization of $7.22 billion, a P/E ratio of 11.20, a PEG ratio of 1.47 and a beta of 1.37. Snap-on Incorporated has a twelve month low of $90.72 and a twelve month high of $172.61. The business has a 50 day simple moving average of $118.96 and a 200-day simple moving average of $146.31. The company has a current ratio of 2.50, a quick ratio of 1.68 and a debt-to-equity ratio of 0.29.

Snap-on (NYSE:SNA) last posted its quarterly earnings data on Tuesday, April 21st. The company reported $2.60 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $2.75 by ($0.15). Snap-on had a net margin of 17.83% and a return on equity of 19.64%. The firm had revenue of $852.20 million during the quarter, compared to analyst estimates of $877.72 million. During the same period in the previous year, the company posted $3.01 earnings per share. Snap-on’s revenue was down 7.5% compared to the same quarter last year. Research analysts predict that Snap-on Incorporated will post 9.08 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 10th. Stockholders of record on Thursday, May 21st will be paid a dividend of $1.08 per share. This represents a $4.32 annualized dividend and a dividend yield of 3.35%. The ex-dividend date of this dividend is Wednesday, May 20th. Snap-on’s dividend payout ratio (DPR) is presently 35.24%.

A number of equities analysts recently issued reports on the company. Northcoast Research reaffirmed a “neutral” rating on shares of Snap-on in a report on Friday, February 7th. Robert W. Baird lowered their price target on Snap-on from $169.00 to $159.00 and set a “neutral” rating for the company in a report on Wednesday, February 5th. Longbow Research reissued a “hold” rating on shares of Snap-on in a report on Wednesday, March 25th. Tigress Financial reissued a “buy” rating on shares of Snap-on in a report on Thursday, May 7th. Finally, ValuEngine raised Snap-on from a “sell” rating to a “hold” rating in a report on Monday, May 4th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company. Snap-on has an average rating of “Hold” and an average target price of $172.50.

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 and Industrial Group, Snap-on Tools Group, and Repair Systems & Information Group segments. The company offers hand tools, including wrenches, sockets, ratchet wrenches, pliers, screwdrivers, punches and chisels, saws and cutting tools, pruning tools, torque measuring instruments, and other products; power tools, such as cordless, pneumatic, hydraulic, and corded tools; and tool storage products comprising tool chests, roll cabinets, and other products.

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Institutional Ownership by Quarter for Snap-on (NYSE:SNA)

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