Blueshift Asset Management LLC Invests $373,000 in Snap-on Incorporated (NYSE:SNA)

Blueshift Asset Management LLC bought a new position in Snap-on Incorporated (NYSE:SNA) in the 4th quarter, Holdings Channel reports. The firm bought 2,204 shares of the company’s stock, valued at approximately $373,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Credit Agricole S A bought a new stake in shares of Snap-on in the 4th quarter worth about $31,000. Quantbot Technologies LP bought a new stake in shares of Snap-on in the 4th quarter worth about $61,000. Whittier Trust Co. bought a new stake in shares of Snap-on in the 4th quarter worth about $65,000. Stonebridge Financial Planning Group LLC bought a new stake in shares of Snap-on in the 4th quarter worth about $76,000. Finally, TI Trust Inc. bought a new stake in Snap-on during the 4th quarter valued at about $102,000. Hedge funds and other institutional investors own 95.70% of the company’s stock.

Shares of SNA opened at $109.94 on Thursday. Snap-on Incorporated has a 1-year low of $90.72 and a 1-year high of $174.00. The company has a 50-day moving average of $140.24 and a 200 day moving average of $157.20. The firm has a market capitalization of $5.23 billion, a price-to-earnings ratio of 8.85, a PEG ratio of 0.78 and a beta of 1.19. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.51 and a quick ratio of 1.71.

Snap-on (NYSE:SNA) last announced its quarterly earnings data on Thursday, February 6th. The company reported $3.08 earnings per share for the quarter, meeting analysts’ consensus estimates of $3.08. Snap-on had a net margin of 18.59% and a return on equity of 20.62%. The company had revenue of $955.20 million during the quarter, compared to analyst estimates of $965.58 million. During the same quarter last year, the business posted $3.03 EPS. The firm’s revenue for the quarter was up .3% on a year-over-year basis. On average, equities analysts anticipate that Snap-on Incorporated will post 12.37 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 10th. Shareholders of record on Monday, February 24th were given a dividend of $1.08 per share. This represents a $4.32 dividend on an annualized basis and a yield of 3.93%. The ex-dividend date of this dividend was Friday, February 21st. Snap-on’s dividend payout ratio (DPR) is 35.24%.

A number of brokerages recently weighed in on SNA. ValuEngine upgraded shares of Snap-on from a “sell” rating to a “hold” rating in a report on Friday, March 13th. Northcoast Research reiterated a “neutral” rating on shares of Snap-on in a report on Friday, February 7th. Longbow Research reiterated a “hold” rating on shares of Snap-on in a report on Wednesday. Barrington Research reiterated a “buy” rating and set a $185.00 price objective on shares of Snap-on in a report on Friday, February 7th. Finally, Robert W. Baird decreased their price objective on shares of Snap-on from $169.00 to $159.00 and set a “neutral” rating for the company in a report on Wednesday, February 5th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $171.60.

In other Snap-on news, Director William Dudley Lehman sold 422 shares of the firm’s stock in a transaction dated Friday, February 14th. The shares were sold at an average price of $155.20, for a total transaction of $65,494.40. Following the transaction, the director now owns 10,429 shares of the company’s stock, valued at approximately $1,618,580.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Timothy L. Chambers sold 4,320 shares of the firm’s stock in a transaction dated Friday, February 7th. The shares were sold at an average price of $156.54, for a total transaction of $676,252.80. Following the transaction, the senior vice president now directly owns 14,056 shares in the company, valued at approximately $2,200,326.24. The disclosure for this sale can be found here. Company insiders own 4.20% of the company’s stock.

Snap-on Profile

Snap-on Incorporated manufactures and markets tools, equipment, diagnostics, and repair information and systems solutions for professional users worldwide. It operates through Commercial and Industrial Group, Snap-on Tools Group, and Repair Systems & Information Group segments. The company offers hand tools, including wrenches, sockets, ratchet wrenches, pliers, screwdrivers, punches and chisels, saws and cutting tools, pruning tools, torque measuring instruments, and other products; power tools, such as cordless, pneumatic, hydraulic, and corded tools; and tool storage products comprising tool chests, roll cabinets, and other products.

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

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