Shell Asset Management Co. Buys Shares of 16,198 Snap-on Incorporated (SNA)

Shell Asset Management Co. bought a new stake in shares of Snap-on Incorporated (NYSE:SNA) in the fourth quarter, HoldingsChannel reports. The institutional investor bought 16,198 shares of the company’s stock, valued at approximately $2,823,000.

Other large investors have also recently bought and sold shares of the company. Strs Ohio lifted its position in Snap-on by 5.4% during the third quarter. Strs Ohio now owns 441,422 shares of the company’s stock valued at $65,776,000 after acquiring an additional 22,690 shares during the last quarter. Reinhart Partners Inc. purchased a new stake in Snap-on during the third quarter valued at approximately $18,143,000. Cohen & Steers Inc. purchased a new stake in Snap-on during the third quarter valued at approximately $9,707,000. Toronto Dominion Bank lifted its position in Snap-on by 11.3% during the third quarter. Toronto Dominion Bank now owns 21,858 shares of the company’s stock valued at $3,257,000 after acquiring an additional 2,227 shares during the last quarter. Finally, Bristol Gate Capital Partners Inc. lifted its position in Snap-on by 11.0% during the third quarter. Bristol Gate Capital Partners Inc. now owns 209,855 shares of the company’s stock valued at $31,270,000 after acquiring an additional 20,846 shares during the last quarter. 99.40% of the stock is owned by institutional investors.

SNA has been the subject of a number of analyst reports. Zacks Investment Research cut shares of Snap-on from a “buy” rating to a “hold” rating in a research report on Friday, January 12th. B. Riley reissued a “buy” rating and set a $205.00 target price on shares of Snap-on in a research report on Thursday, January 4th. Robert W. Baird reissued a “buy” rating and set a $220.00 target price (up previously from $184.00) on shares of Snap-on in a research report on Monday, January 29th. They noted that the move was a valuation call. Finally, Jefferies Group reissued a “hold” rating and set a $175.00 target price on shares of Snap-on in a research report on Friday, November 3rd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and seven have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $192.00.

In other Snap-on news, Director William Dudley Lehman sold 387 shares of the firm’s stock in a transaction on Monday, February 12th. The shares were sold at an average price of $160.60, for a total value of $62,152.20. Following the completion of the transaction, the director now owns 8,376 shares of the company’s stock, valued at $1,345,185.60. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, SVP Thomas J. Ward sold 5,743 shares of the firm’s stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $159.93, for a total transaction of $918,477.99. Following the completion of the transaction, the senior vice president now directly owns 51,840 shares of the company’s stock, valued at approximately $8,290,771.20. The disclosure for this sale can be found here. In the last ninety days, insiders sold 50,355 shares of company stock valued at $8,660,560. Corporate insiders own 3.70% of the company’s stock.

Snap-on Incorporated (NYSE SNA) opened at $158.08 on Thursday. The stock has a market cap of $9,128.69, a price-to-earnings ratio of 16.61, a price-to-earnings-growth ratio of 1.36 and a beta of 1.09. Snap-on Incorporated has a fifty-two week low of $140.83 and a fifty-two week high of $185.47. The company has a quick ratio of 1.24, a current ratio of 1.78 and a debt-to-equity ratio of 0.25.

Snap-on (NYSE:SNA) last posted its quarterly earnings results on Thursday, February 8th. The company reported $2.69 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.66 by $0.03. The business had revenue of $974.60 million during the quarter, compared to analysts’ expectations of $940.50 million. Snap-on had a net margin of 15.13% and a return on equity of 20.54%. The business’s quarterly revenue was up 9.5% on a year-over-year basis. During the same quarter last year, the company posted $2.47 earnings per share. sell-side analysts expect that Snap-on Incorporated will post 11.48 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, March 16th. Shareholders of record on Friday, March 2nd will be issued a $0.82 dividend. The ex-dividend date of this dividend is Thursday, March 1st. This represents a $3.28 dividend on an annualized basis and a dividend yield of 2.07%. Snap-on’s dividend payout ratio is currently 34.45%.

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Snap-on Company Profile

Snap-on Incorporated is a manufacturer and marketer of tools, equipment, diagnostics, repair information and systems solutions. The Company’s segments include the Commercial & Industrial Group, the Snap-on Tools Group, the Repair Systems & Information Group, and Financial Services. The Commercial & Industrial Group consists of business operations serving a range of industrial and commercial customers, including customers in the aerospace, natural resources, government, power generation, transportation and technical education markets.

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

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