Blue Trust Inc. Has $758,000 Stake in Snap-on Incorporated (NYSE:SNA)

Blue Trust Inc. raised its position in Snap-on Incorporated (NYSE:SNA) by 3.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,559 shares of the company’s stock after purchasing an additional 83 shares during the quarter. Blue Trust Inc.’s holdings in Snap-on were worth $758,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC increased its stake in shares of Snap-on by 24.2% in the third quarter. Tower Research Capital LLC TRC now owns 2,568 shares of the company’s stock valued at $655,000 after buying an additional 501 shares during the period. Lazard Asset Management LLC lifted its position in shares of Snap-on by 12.2% in the 3rd quarter. Lazard Asset Management LLC now owns 4,522 shares of the company’s stock worth $1,152,000 after purchasing an additional 492 shares during the period. Adage Capital Partners GP L.L.C. acquired a new position in shares of Snap-on in the 3rd quarter worth approximately $325,000. Lido Advisors LLC increased its position in shares of Snap-on by 8.8% during the third quarter. Lido Advisors LLC now owns 857 shares of the company’s stock worth $218,000 after buying an additional 69 shares during the period. Finally, Legal & General Group Plc raised its stake in Snap-on by 1.6% during the third quarter. Legal & General Group Plc now owns 430,266 shares of the company’s stock worth $109,744,000 after buying an additional 6,854 shares during the last quarter. 84.88% of the stock is owned by institutional investors.

Snap-on Stock Down 0.6 %

Shares of NYSE:SNA traded down $1.54 during trading on Friday, reaching $255.35. 456,599 shares of the stock were exchanged, compared to its average volume of 279,590. Snap-on Incorporated has a 1-year low of $249.84 and a 1-year high of $298.49. The stock has a fifty day moving average of $269.19 and a two-hundred day moving average of $278.94. The company has a debt-to-equity ratio of 0.23, a current ratio of 3.82 and a quick ratio of 2.83. The firm has a market cap of $13.46 billion, a price-to-earnings ratio of 13.40, a price-to-earnings-growth ratio of 1.78 and a beta of 0.98.

Snap-on (NYSE:SNA) last posted its earnings results on Thursday, April 18th. The company reported $4.75 EPS for the quarter, topping the consensus estimate of $4.66 by $0.09. The company had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.20 billion. Snap-on had a net margin of 21.69% and a return on equity of 20.46%. The firm’s revenue for the quarter was down .1% on a year-over-year basis. During the same period in the previous year, the firm posted $4.60 earnings per share. Research analysts anticipate that Snap-on Incorporated will post 19.01 earnings per share for the current fiscal year.

Snap-on Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 10th. Investors of record on Monday, May 20th were given a dividend of $1.86 per share. The ex-dividend date of this dividend was Friday, May 17th. This represents a $7.44 annualized dividend and a dividend yield of 2.91%. Snap-on’s payout ratio is 39.03%.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on SNA. Roth Mkm reiterated a “buy” rating and set a $324.00 price target on shares of Snap-on in a report on Thursday, April 18th. Robert W. Baird reduced their price objective on shares of Snap-on from $295.00 to $282.00 and set a “neutral” rating for the company in a research report on Friday, April 19th. Finally, Barrington Research reissued an “outperform” rating and set a $325.00 target price on shares of Snap-on in a research note on Wednesday, May 22nd. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $316.75.

Insider Buying and Selling

In other Snap-on news, CFO Aldo John Pagliari sold 5,978 shares of Snap-on stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of $276.86, for a total transaction of $1,655,069.08. Following the transaction, the chief financial officer now directly owns 97,699 shares of the company’s stock, valued at approximately $27,048,945.14. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, SVP Jesus Arregui sold 8,434 shares of the stock in a transaction that occurred on Wednesday, May 29th. The stock was sold at an average price of $265.17, for a total transaction of $2,236,443.78. Following the completion of the sale, the senior vice president now directly owns 252 shares of the company’s stock, valued at $66,822.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Aldo John Pagliari sold 5,978 shares of the business’s stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of $276.86, for a total value of $1,655,069.08. Following the completion of the transaction, the chief financial officer now directly owns 97,699 shares in the company, valued at approximately $27,048,945.14. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 38,632 shares of company stock worth $10,353,409. 4.10% of the stock is owned by corporate insiders.

Snap-on Company Profile

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.