Skandinaviska Enskilda Banken AB publ Purchases 3,868 Shares of Snap-on Incorporated (NYSE:SNA)

Skandinaviska Enskilda Banken AB publ grew its position in Snap-on Incorporated (NYSE:SNA) by 3.2% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 125,350 shares of the company’s stock after buying an additional 3,868 shares during the period. Skandinaviska Enskilda Banken AB publ owned 0.23% of Snap-on worth $28,007,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. BlackRock Inc. boosted its holdings in shares of Snap-on by 1.3% in the 1st quarter. BlackRock Inc. now owns 4,337,474 shares of the company’s stock valued at $1,000,827,000 after buying an additional 55,911 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of Snap-on by 0.3% in the 1st quarter. Geode Capital Management LLC now owns 1,072,986 shares of the company’s stock valued at $247,028,000 after buying an additional 3,600 shares in the last quarter. AQR Capital Management LLC boosted its holdings in shares of Snap-on by 26.0% in the 1st quarter. AQR Capital Management LLC now owns 642,816 shares of the company’s stock valued at $148,324,000 after buying an additional 132,579 shares in the last quarter. Nordea Investment Management AB boosted its holdings in shares of Snap-on by 2.8% in the 1st quarter. Nordea Investment Management AB now owns 463,564 shares of the company’s stock valued at $107,579,000 after buying an additional 12,583 shares in the last quarter. Finally, Earnest Partners LLC boosted its stake in Snap-on by 1.7% in the 1st quarter. Earnest Partners LLC now owns 459,736 shares of the company’s stock worth $106,079,000 after purchasing an additional 7,517 shares in the last quarter. Institutional investors and hedge funds own 86.60% of the company’s stock.

Shares of NYSE SNA opened at $219.22 on Tuesday. The firm has a market cap of $11.83 billion, a PE ratio of 15.27, a PEG ratio of 1.61 and a beta of 1.28. The firm has a fifty day moving average of $223.55 and a 200 day moving average of $230.13. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.95 and a current ratio of 2.58. Snap-on Incorporated has a one year low of $138.94 and a one year high of $259.99.

Snap-on (NYSE:SNA) last released its earnings results on Thursday, July 22nd. The company reported $3.76 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $3.18 by $0.58. Snap-on had a net margin of 19.15% and a return on equity of 20.51%. The business had revenue of $1.08 billion during the quarter, compared to analyst estimates of $976.23 million. During the same quarter in the prior year, the firm earned $1.91 earnings per share. The company’s revenue for the quarter was up 49.3% compared to the same quarter last year. On average, equities analysts predict that Snap-on Incorporated will post 14.25 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, September 10th. Stockholders of record on Friday, August 20th were issued a dividend of $1.23 per share. This represents a $4.92 dividend on an annualized basis and a dividend yield of 2.24%. The ex-dividend date was Thursday, August 19th. Snap-on’s payout ratio is 42.30%.

A number of research firms recently commented on SNA. Robert W. Baird reiterated a “hold” rating and issued a $240.00 target price on shares of Snap-on in a research note on Thursday, July 29th. Zacks Investment Research cut shares of Snap-on from a “buy” rating to a “hold” rating and set a $232.00 target price for the company. in a research note on Thursday, June 24th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, Snap-on currently has an average rating of “Hold” and an average price target of $204.20.

In other news, CEO Nicholas T. Pinchuk sold 24,492 shares of the business’s stock in a transaction dated Wednesday, August 11th. The shares were sold at an average price of $227.29, for a total transaction of $5,566,786.68. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 4.20% of the stock is owned by corporate insiders.

Snap-on Profile

Snap-On, Inc engages in the manufacture and marketing of tools, equipment, diagnostics, repair information, and systems solutions for professional users performing critical tasks. Its products and services include hand and power tools, tool storage, diagnostics software, handheld and PC-based diagnostic products, information and management systems, shop equipment and other solutions for vehicle dealerships and repair centers, as well as for customers in industries, such as aviation and aerospace, agriculture, construction, government and military, mining, natural resources, power generation and technical education.

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

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