Sei Investments Co. Acquires 15,285 Shares of Snap-on Incorporated (NYSE:SNA)

Sei Investments Co. boosted its holdings in Snap-on Incorporated (NYSE:SNA) by 4.8% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 330,719 shares of the company’s stock after acquiring an additional 15,285 shares during the period. Sei Investments Co. owned 0.63% of Snap-on worth $97,964,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the company. Nordea Investment Management AB increased its position in Snap-on by 3.2% during the 1st quarter. Nordea Investment Management AB now owns 891,994 shares of the company’s stock worth $265,217,000 after buying an additional 27,429 shares during the period. Dimensional Fund Advisors LP grew its holdings in shares of Snap-on by 0.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 773,087 shares of the company’s stock worth $223,304,000 after purchasing an additional 3,449 shares in the last quarter. Envestnet Asset Management Inc. grew its holdings in shares of Snap-on by 2.3% during the 4th quarter. Envestnet Asset Management Inc. now owns 755,445 shares of the company’s stock worth $218,203,000 after purchasing an additional 16,972 shares in the last quarter. LSV Asset Management grew its holdings in shares of Snap-on by 0.5% during the 1st quarter. LSV Asset Management now owns 674,341 shares of the company’s stock worth $199,753,000 after purchasing an additional 3,535 shares in the last quarter. Finally, Confluence Investment Management LLC acquired a new stake in shares of Snap-on during the 1st quarter worth $173,451,000. Institutional investors own 84.88% of the company’s stock.

Insider Buying and Selling at Snap-on

In other Snap-on news, CFO Aldo John Pagliari sold 5,978 shares of the stock in a transaction dated 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 $27,048,945.14. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, SVP Jesus Arregui sold 8,434 shares of the firm’s stock in a transaction dated 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 transaction, the senior vice president now directly owns 252 shares in the company, valued at $66,822.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Aldo John Pagliari sold 5,978 shares of the firm’s stock in a transaction dated 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 transaction, the chief financial officer now owns 97,699 shares of the company’s stock, valued at $27,048,945.14. The disclosure for this sale can be found here. Over the last three months, insiders sold 38,632 shares of company stock worth $10,353,409. 4.10% of the stock is currently owned by insiders.

Snap-on Price Performance

NYSE:SNA traded up $1.21 during trading hours on Monday, hitting $270.84. The company’s stock had a trading volume of 312,562 shares, compared to its average volume of 298,762. The stock has a fifty day simple moving average of $268.52 and a 200-day simple moving average of $277.92. The company has a market capitalization of $14.28 billion, a P/E ratio of 14.31, a PEG ratio of 1.86 and a beta of 0.98. The company has a debt-to-equity ratio of 0.23, a current ratio of 3.82 and a quick ratio of 2.83. Snap-on Incorporated has a twelve month low of $249.84 and a twelve month high of $298.49.

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

Snap-on Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 10th. Shareholders of record on Monday, May 20th were given a $1.86 dividend. The ex-dividend date was Friday, May 17th. This represents a $7.44 annualized dividend and a yield of 2.75%. Snap-on’s dividend payout ratio is presently 39.03%.

Wall Street Analysts Forecast Growth

SNA has been the topic of several analyst reports. Roth Mkm reissued a “buy” rating and set a $324.00 target price on shares of Snap-on in a report on Thursday, April 18th. Barrington Research reissued an “outperform” rating and set a $325.00 target price on shares of Snap-on in a report on Wednesday, May 22nd. Finally, Robert W. Baird reduced their target price on Snap-on from $282.00 to $275.00 and set a “neutral” rating on the stock in a report on Friday. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Snap-on currently has a consensus rating of “Moderate Buy” and a consensus target price of $315.00.

About Snap-on

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.