Snap-on Incorporated (NYSE:SNA) Holdings Decreased by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank trimmed its position in Snap-on Incorporated (NYSE:SNA) by 1.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 66,872 shares of the company’s stock after selling 1,210 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank owned approximately 0.13% of Snap-on worth $19,315,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in SNA. MetLife Investment Management LLC increased its holdings in shares of Snap-on by 22.4% in the 1st quarter. MetLife Investment Management LLC now owns 14,527 shares of the company’s stock valued at $2,985,000 after acquiring an additional 2,657 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in Snap-on by 6.0% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 7,150 shares of the company’s stock valued at $1,469,000 after purchasing an additional 407 shares during the period. Sei Investments Co. boosted its position in Snap-on by 11.3% during the 1st 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 during the period. Aviva PLC boosted its position in Snap-on by 12.3% during the 1st 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 during the period. Finally, Prudential PLC acquired a new position in Snap-on during the 1st quarter valued at approximately $302,000. 84.88% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

SNA has been the subject of a number of analyst reports. Roth Mkm restated a “buy” rating and set a $324.00 price objective on shares of Snap-on in a research report on Thursday. Barrington Research restated an “outperform” rating and set a $325.00 price objective on shares of Snap-on in a research report on Monday. Finally, Tigress Financial restated a “buy” rating and set a $336.00 price objective on shares of Snap-on in a research report on Friday, February 16th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $306.00.

Snap-on Trading Down 7.7 %

Shares of SNA stock opened at $261.76 on Friday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 2.81 and a current ratio of 3.88. Snap-on Incorporated has a 1 year low of $239.08 and a 1 year high of $298.49. The stock has a fifty day moving average of $283.65 and a two-hundred day moving average of $278.16. The firm has a market capitalization of $13.83 billion, a PE ratio of 13.96, a price-to-earnings-growth ratio of 2.03 and a beta of 0.99.

Snap-on (NYSE:SNA) last announced its quarterly earnings results on Thursday, February 8th. The company reported $4.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.66 by $0.09. Snap-on had a return on equity of 20.89% and a net margin of 21.38%. The company had revenue of $1.20 billion during the quarter, compared to analyst estimates of $1.20 billion. During the same quarter in the previous year, the firm posted $4.42 EPS. The firm’s quarterly revenue was up 3.5% on a year-over-year basis. As a group, research analysts expect that Snap-on Incorporated will post 19.22 EPS for the current year.

Snap-on Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 11th. Stockholders of record on Monday, February 26th were paid a $1.86 dividend. This represents a $7.44 dividend on an annualized basis and a dividend yield of 2.84%. The ex-dividend date was Friday, February 23rd. Snap-on’s dividend payout ratio is presently 39.68%.

Insider Transactions at Snap-on

In other news, CEO Nicholas T. Pinchuk sold 23,514 shares of the business’s stock in a transaction on Tuesday, March 19th. The stock was sold at an average price of $287.48, for a total value of $6,759,804.72. Following the sale, the chief executive officer now owns 742,383 shares of the company’s stock, valued at approximately $213,420,264.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, VP Richard Thomas Miller sold 704 shares of the business’s stock in a transaction on Thursday, March 28th. The stock was sold at an average price of $298.16, for a total value of $209,904.64. Following the sale, the vice president now owns 3,213 shares of the company’s stock, valued at approximately $957,988.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Nicholas T. Pinchuk sold 23,514 shares of the business’s stock in a transaction on Tuesday, March 19th. The stock was sold at an average price of $287.48, for a total value of $6,759,804.72. Following the sale, the chief executive officer now directly owns 742,383 shares in the company, valued at $213,420,264.84. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 47,368 shares of company stock valued at $13,399,449. Corporate insiders own 4.10% of the company’s stock.

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.