State of Alaska Department of Revenue decreased its position in Snap-on Incorporated (NYSE:SNA - Free Report) by 23.1% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 11,991 shares of the company's stock after selling 3,598 shares during the period. State of Alaska Department of Revenue's holdings in Snap-on were worth $4,069,000 at the end of the most recent quarter.
Several other institutional investors also recently bought and sold shares of SNA. Asset Management One Co. Ltd. raised its holdings in shares of Snap-on by 0.3% in the third quarter. Asset Management One Co. Ltd. now owns 19,896 shares of the company's stock valued at $5,764,000 after acquiring an additional 67 shares in the last quarter. Sanctuary Advisors LLC increased its holdings in Snap-on by 3.6% during the third quarter. Sanctuary Advisors LLC now owns 45,783 shares of the company's stock valued at $13,264,000 after buying an additional 1,605 shares during the period. World Investment Advisors LLC bought a new position in Snap-on in the third quarter worth approximately $19,291,000. Avanza Fonder AB bought a new stake in Snap-on during the 4th quarter valued at $1,936,000. Finally, Integrated Wealth Concepts LLC raised its holdings in Snap-on by 220.7% in the third quarter. Integrated Wealth Concepts LLC now owns 2,716 shares of the company's stock worth $787,000 after purchasing an additional 1,869 shares in the last quarter. 84.88% of the stock is currently owned by hedge funds and other institutional investors.
Several brokerages have weighed in on SNA. Bank of America raised their price target on Snap-on from $255.00 to $280.00 and gave the stock an "underperform" rating in a report on Friday, October 18th. Robert W. Baird upped their price target on shares of Snap-on from $290.00 to $347.00 and gave the company a "neutral" rating in a report on Friday, October 18th. Roth Mkm boosted their price objective on Snap-on from $324.00 to $365.00 and gave the company a "buy" rating in a report on Tuesday, October 22nd. Barrington Research reaffirmed an "outperform" rating and set a $360.00 target price on shares of Snap-on in a report on Monday, February 3rd. Finally, Tigress Financial raised their price objective on shares of Snap-on from $336.00 to $385.00 and gave the stock a "buy" rating in a research note on Friday, October 25th. One 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 MarketBeat, Snap-on presently has an average rating of "Hold" and an average target price of $347.40.
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In other Snap-on news, CFO Aldo John Pagliari sold 6,909 shares of the firm's stock in a transaction on Wednesday, December 18th. The stock was sold at an average price of $347.62, for a total transaction of $2,401,706.58. Following the completion of the sale, the chief financial officer now owns 100,668 shares of the company's stock, valued at $34,994,210.16. This trade represents a 6.42 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Nicholas T. Pinchuk sold 21,783 shares of Snap-on stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $354.83, for a total transaction of $7,729,261.89. Following the completion of the sale, the chief executive officer now owns 769,738 shares of the company's stock, 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 three months, insiders sold 32,192 shares of company stock worth $11,400,978. Corporate insiders own 4.10% of the company's stock.
Shares of SNA stock traded down $1.79 during trading hours on Friday, hitting $338.05. 450,390 shares of the company's stock were exchanged, compared to its average volume of 395,688. Snap-on Incorporated has a fifty-two week low of $252.98 and a fifty-two week high of $373.89. The firm has a market cap of $17.75 billion, a P/E ratio of 17.34, a P/E/G ratio of 2.13 and a beta of 0.99. The company has a quick ratio of 3.14, a current ratio of 4.15 and a debt-to-equity ratio of 0.22. The firm has a 50 day moving average of $347.82 and a two-hundred day moving average of $318.97.
Snap-on (NYSE:SNA - Get Free Report) last announced its earnings results on Thursday, February 6th. The company reported $4.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.78 by $0.04. Snap-on had a net margin of 21.71% and a return on equity of 19.20%. During the same period last year, the business earned $4.75 EPS. Sell-side analysts forecast that Snap-on Incorporated will post 20.07 EPS for the current year.
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.
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