Royce & Associates LP Has $2.72 Million Stock Holdings in Snap-on Incorporated (NYSE:SNA)

Royce & Associates LP decreased its position in Snap-on Incorporated (NYSE:SNA) by 33.3% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 8,000 shares of the company’s stock after selling 4,000 shares during the period. Royce & Associates LP’s holdings in Snap-on were worth $2,716,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Bleakley Financial Group LLC bought a new stake in Snap-on in the 4th quarter valued at approximately $512,000. Vest Financial LLC lifted its stake in Snap-on by 2.4% in the 4th quarter. Vest Financial LLC now owns 102,987 shares of the company’s stock valued at $34,962,000 after acquiring an additional 2,460 shares in the last quarter. Sanctuary Advisors LLC lifted its stake in Snap-on by 3.6% in the 3rd quarter. Sanctuary Advisors LLC now owns 45,783 shares of the company’s stock valued at $13,264,000 after acquiring an additional 1,605 shares in the last quarter. World Investment Advisors LLC bought a new stake in Snap-on in the 3rd quarter valued at approximately $19,291,000. Finally, Avanza Fonder AB bought a new stake in Snap-on in the 4th quarter valued at approximately $1,936,000. Institutional investors own 84.88% of the company’s stock.

Snap-on Trading Down 0.8 %

Shares of Snap-on stock opened at $330.03 on Friday. Snap-on Incorporated has a 12-month low of $252.98 and a 12-month high of $373.90. The business’s 50 day moving average is $341.08 and its 200-day moving average is $330.75. The company has a quick ratio of 3.17, a current ratio of 4.15 and a debt-to-equity ratio of 0.22. The stock has a market cap of $17.30 billion, a P/E ratio of 16.92, a P/E/G ratio of 2.21 and a beta of 0.99.

Snap-on (NYSE:SNA) last posted its quarterly earnings results on Thursday, February 6th. The company reported $4.82 earnings per share for the quarter, beating 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 firm posted $4.75 EPS. Equities research analysts predict that Snap-on Incorporated will post 19.79 earnings per share for the current fiscal year.

Snap-on Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Monday, February 24th were paid a $2.14 dividend. This represents a $8.56 dividend on an annualized basis and a yield of 2.59%. The ex-dividend date of this dividend was Monday, February 24th. Snap-on’s dividend payout ratio (DPR) is presently 43.90%.

Insider Activity at Snap-on

In other Snap-on news, CFO Aldo John Pagliari sold 6,860 shares of the company’s stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $339.05, for a total value of $2,325,883.00. Following the transaction, the chief financial officer now directly owns 107,096 shares of the company’s stock, valued at $36,310,898.80. This represents a 6.02 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, SVP Jesus Arregui sold 6,451 shares of the company’s stock in a transaction on Monday, February 10th. The shares were sold at an average price of $337.81, for a total value of $2,179,212.31. Following the completion of the transaction, the senior vice president now directly owns 257 shares in the company, valued at approximately $86,817.17. This represents a 96.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 4.10% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several research firms have commented on SNA. Tigress Financial boosted their target price on Snap-on from $385.00 to $390.00 and gave the company a “buy” rating in a research note on Tuesday, March 4th. Barrington Research reiterated an “outperform” rating and set a $350.00 price objective on shares of Snap-on in a research note on Monday, February 10th. One research 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. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $346.40.

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.