Stanley Laman Group Ltd. Reduces Stock Holdings in Snap-on Incorporated (NYSE:SNA)

Stanley Laman Group Ltd. decreased its position in Snap-on Incorporated (NYSE:SNA) by 15.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 12,686 shares of the company’s stock after selling 2,395 shares during the quarter. Stanley Laman Group Ltd.’s holdings in Snap-on were worth $4,307,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. UMB Bank n.a. lifted its position 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 valued at $25,000 after buying an additional 31 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. purchased a new position in Snap-on during the 4th quarter valued at $28,000. Reston Wealth Management LLC purchased a new position in Snap-on during the 3rd quarter valued at $30,000. Brooklyn Investment Group purchased a new position in Snap-on during the 3rd quarter valued at $39,000. Finally, nVerses Capital LLC purchased a new stake in shares of Snap-on in the 3rd quarter worth $58,000. 84.88% of the stock is currently owned by institutional investors.

Snap-on Stock Down 0.8 %

SNA opened at $334.54 on Thursday. The company has a market cap of $17.57 billion, a PE ratio of 17.16, a P/E/G ratio of 2.13 and a beta of 0.99. The business has a 50 day moving average price of $346.16 and a two-hundred day moving average price of $320.59. Snap-on Incorporated has a 52 week low of $252.98 and a 52 week high of $373.89. The company has a quick ratio of 3.14, a current ratio of 4.15 and a debt-to-equity ratio of 0.22.

Snap-on (NYSE:SNA) last released its quarterly earnings results on Thursday, February 6th. The company reported $4.82 earnings per share for the quarter, topping analysts’ consensus estimates of $4.78 by $0.04. Snap-on had a return on equity of 19.20% and a net margin of 21.71%. During the same period in the previous year, the company posted $4.75 EPS. As a group, research analysts anticipate that Snap-on Incorporated will post 20.07 EPS for the current year.

Wall Street Analyst Weigh In

SNA has been the topic of several recent analyst reports. Tigress Financial upped their target price on Snap-on from $336.00 to $385.00 and gave the company a “buy” rating in a research report on Friday, October 25th. Bank of America increased their price target on Snap-on from $255.00 to $280.00 and gave the stock an “underperform” rating in a research report on Friday, October 18th. Robert W. Baird raised their target price on Snap-on from $290.00 to $347.00 and gave the company a “neutral” rating in a research report on Friday, October 18th. Roth Mkm increased their price target on Snap-on from $324.00 to $365.00 and gave the company a “buy” rating in a report on Tuesday, October 22nd. Finally, Barrington Research reiterated an “outperform” rating and issued a $350.00 price objective on shares of Snap-on in a report on Monday. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $345.40.

Insider Buying and Selling at Snap-on

In other Snap-on news, VP June C. Lemerand sold 3,500 shares of the stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $362.86, for a total transaction of $1,270,010.00. Following the sale, the vice president now owns 2,289 shares in the company, valued at approximately $830,586.54. This represents a 60.46 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Nicholas T. Pinchuk sold 21,783 shares of the firm’s stock in a transaction on Monday, December 9th. The stock was sold at an average price of $354.83, for a total value of $7,729,261.89. Following the sale, the chief executive officer now owns 769,738 shares in the company, valued at $273,126,134.54. This trade represents a 2.75 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 38,643 shares of company stock worth $13,580,191. 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.