263 Shares in Snap-on Incorporated (NYSE:SNA) Acquired by Institutional & Family Asset Management LLC

Institutional & Family Asset Management LLC purchased a new position in Snap-on Incorporated (NYSE:SNAGet Rating) in the fourth quarter, Holdings Channel reports. The fund purchased 263 shares of the company’s stock, valued at approximately $57,000.

A number of other institutional investors have also recently modified their holdings of the stock. People s United Financial Inc. lifted its stake in Snap-on by 5.8% in the fourth quarter. People s United Financial Inc. now owns 7,092 shares of the company’s stock worth $1,528,000 after acquiring an additional 386 shares during the last quarter. GHP Investment Advisors Inc. raised its position in Snap-on by 5.9% in the 4th quarter. GHP Investment Advisors Inc. now owns 23,075 shares of the company’s stock valued at $4,970,000 after purchasing an additional 1,284 shares during the last quarter. Ariel Investments LLC raised its position in Snap-on by 4.7% in the 4th quarter. Ariel Investments LLC now owns 1,108,765 shares of the company’s stock valued at $238,806,000 after purchasing an additional 49,429 shares during the last quarter. Invesco Ltd. raised its position in Snap-on by 2.5% in the 4th quarter. Invesco Ltd. now owns 711,401 shares of the company’s stock valued at $153,221,000 after purchasing an additional 17,296 shares during the last quarter. Finally, Geode Capital Management LLC raised its position in Snap-on by 0.5% in the 4th quarter. Geode Capital Management LLC now owns 1,126,555 shares of the company’s stock valued at $242,076,000 after purchasing an additional 6,014 shares during the last quarter. Institutional investors own 87.92% of the company’s stock.

Shares of NYSE:SNA traded up $1.81 on Wednesday, reaching $213.73. 940 shares of the company were exchanged, compared to its average volume of 383,774. The company has a current ratio of 3.16, a quick ratio of 2.32 and a debt-to-equity ratio of 0.27. Snap-on Incorporated has a 1-year low of $197.75 and a 1-year high of $257.98. The firm has a market cap of $11.41 billion, a price-to-earnings ratio of 13.73, a price-to-earnings-growth ratio of 1.74 and a beta of 1.08. The company has a 50-day moving average of $214.15 and a 200-day moving average of $213.15.

Snap-on (NYSE:SNAGet Rating) last released its quarterly earnings data on Thursday, April 21st. The company reported $4.00 EPS for the quarter, topping the consensus estimate of $3.68 by $0.32. Snap-on had a net margin of 19.54% and a return on equity of 20.34%. The business had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.04 billion. During the same period in the previous year, the firm earned $3.50 EPS. The business’s revenue for the quarter was up 7.1% compared to the same quarter last year. As a group, analysts forecast that Snap-on Incorporated will post 15.74 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 10th. Investors of record on Friday, May 20th will be given a $1.42 dividend. The ex-dividend date is Thursday, May 19th. This represents a $5.68 annualized dividend and a dividend yield of 2.66%. Snap-on’s dividend payout ratio is presently 36.81%.

Several research firms recently commented on SNA. StockNews.com began coverage on shares of Snap-on in a research report on Thursday, March 31st. They issued a “buy” rating for the company. Robert W. Baird boosted their price objective on shares of Snap-on from $240.00 to $242.00 in a research note on Friday, February 4th. Finally, Tigress Financial upped their price target on shares of Snap-on from $295.00 to $298.00 and gave the stock a “buy” rating in a research note on Monday, April 25th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $251.25.

About Snap-on (Get Rating)

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

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