Snap-On Incorporated $SNA Shares Purchased by Oddo BHF Asset Management Sas

Oddo BHF Asset Management Sas increased its holdings in shares of Snap-On Incorporated (NYSE:SNA) by 28.8% during the 4th quarter, Holdings Channel.com reports. The fund owned 10,346 shares of the company’s stock after buying an additional 2,314 shares during the period. Oddo BHF Asset Management Sas’ holdings in Snap-On were worth $3,565,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in Snap-On during the fourth quarter worth about $25,000. GoalVest Advisory LLC acquired a new stake in Snap-On during the fourth quarter worth about $28,000. Montag A & Associates Inc. raised its stake in Snap-On by 331.8% during the fourth quarter. Montag A & Associates Inc. now owns 95 shares of the company’s stock worth $33,000 after acquiring an additional 73 shares during the period. Quattro Advisors LLC acquired a new stake in Snap-On during the fourth quarter worth about $35,000. Finally, Annis Gardner Whiting Capital Advisors LLC raised its stake in Snap-On by 36.4% during the fourth quarter. Annis Gardner Whiting Capital Advisors LLC now owns 105 shares of the company’s stock worth $36,000 after acquiring an additional 28 shares during the period. Institutional investors and hedge funds own 84.88% of the company’s stock.

Insider Activity

In other Snap-On news, CFO Aldo John Pagliari sold 1,330 shares of the firm’s stock in a transaction that occurred on Thursday, June 4th. The shares were sold at an average price of $379.27, for a total value of $504,429.10. Following the sale, the chief financial officer owned 118,158 shares in the company, valued at approximately $44,813,784.66. This trade represents a 1.11% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Jesus Arregui sold 4,251 shares of the firm’s stock in a transaction that occurred on Wednesday, June 10th. The shares were sold at an average price of $383.92, for a total transaction of $1,632,043.92. Following the completion of the sale, the senior vice president owned 4,439 shares in the company, valued at $1,704,220.88. The trade was a 48.92% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 35,117 shares of company stock worth $13,192,082 over the last ninety days. 3.80% of the stock is owned by company insiders.

Snap-On Price Performance

Shares of NYSE:SNA opened at $389.15 on Wednesday. The firm’s 50 day moving average is $375.74 and its two-hundred day moving average is $368.01. Snap-On Incorporated has a 52 week low of $301.82 and a 52 week high of $400.88. The firm has a market capitalization of $20.16 billion, a P/E ratio of 20.09, a PEG ratio of 2.72 and a beta of 0.73. The company has a current ratio of 3.53, a quick ratio of 2.74 and a debt-to-equity ratio of 0.15.

Snap-On (NYSE:SNA) last announced its quarterly earnings results on Thursday, April 23rd. The company reported $4.69 EPS for the quarter, missing the consensus estimate of $4.75 by ($0.06). Snap-On had a net margin of 21.28% and a return on equity of 17.13%. The firm had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.19 billion. During the same quarter in the previous year, the business posted $4.51 EPS. Snap-On’s revenue for the quarter was up 5.8% compared to the same quarter last year. Analysts anticipate that Snap-On Incorporated will post 19.7 earnings per share for the current year.

Snap-On declared that its board has approved a share buyback plan on Thursday, April 30th that authorizes the company to buyback $500.00 million in outstanding shares. This buyback authorization authorizes the company to buy up to 2.6% of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s board of directors believes its shares are undervalued.

Snap-On Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Wednesday, May 20th were paid a $2.44 dividend. The ex-dividend date was Wednesday, May 20th. This represents a $9.76 annualized dividend and a dividend yield of 2.5%. Snap-On’s dividend payout ratio (DPR) is presently 50.39%.

Analyst Ratings Changes

SNA has been the topic of several research reports. Robert W. Baird increased their price objective on shares of Snap-On from $380.00 to $395.00 and gave the stock a “neutral” rating in a research note on Friday, April 24th. Tigress Financial increased their price objective on shares of Snap-On from $405.00 to $445.00 and gave the stock a “buy” rating in a research note on Friday, February 27th. Weiss Ratings reiterated a “buy (b)” rating on shares of Snap-On in a research note on Monday, April 20th. Roth Mkm reiterated a “buy” rating and set a $431.00 price objective on shares of Snap-On in a research note on Friday, April 24th. Finally, Barclays began coverage on shares of Snap-On in a research note on Thursday, May 28th. They set an “overweight” rating and a $420.00 price objective on the stock. Five research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Snap-On currently has a consensus rating of “Moderate Buy” and an average price target of $387.67.

Snap-On Profile

Snap‑On Incorporated (NYSE: SNA) is a designer, manufacturer and marketer of tools, diagnostic equipment, repair information and shop equipment for professional users. The company’s product range includes hand and power tools, tool storage and cabinets, diagnostic scan tools and software, shop equipment such as lifts and tire changers, and specialized specialty tools for automotive, aviation, marine and industrial applications. Snap‑On also offers information and workflow solutions that combine diagnostic data, repair procedures and parts information to support professional technicians.

Founded in 1920 and headquartered in Kenosha, Wisconsin, Snap‑On has established a long history in the professional tools market.