Schroder Investment Management Group Acquires 2,325 Shares of Snap-on Incorporated (NYSE:SNA)

Schroder Investment Management Group grew its holdings in shares of Snap-on Incorporated (NYSE:SNA) by 2.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 99,724 shares of the company’s stock after buying an additional 2,325 shares during the quarter. Schroder Investment Management Group owned 0.19% of Snap-on worth $33,902,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. UMB Bank n.a. increased its holdings in Snap-on by 70.5% during the 4th quarter. UMB Bank n.a. now owns 75 shares of the company’s stock worth $25,000 after purchasing an additional 31 shares in the last quarter. SBI Securities Co. Ltd. purchased a new position in shares of Snap-on during the fourth quarter valued at approximately $26,000. Migdal Insurance & Financial Holdings Ltd. bought a new stake in Snap-on during the fourth quarter worth $28,000. CoreFirst Bank & Trust purchased a new stake in Snap-on in the 4th quarter valued at $40,000. Finally, TCTC Holdings LLC lifted its stake in Snap-on by 41.3% during the 4th quarter. TCTC Holdings LLC now owns 147 shares of the company’s stock valued at $50,000 after acquiring an additional 43 shares in the last quarter. 84.88% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

SNA has been the subject of several analyst reports. Longbow Research upgraded shares of Snap-on from a “neutral” rating to a “buy” rating and set a $400.00 target price for the company in a report on Monday. Barrington Research reiterated an “outperform” rating and issued a $350.00 price objective on shares of Snap-on in a research note on Monday, February 10th. Finally, Tigress Financial boosted their target price on Snap-on from $385.00 to $390.00 and gave the stock a “buy” rating in a research note on Tuesday, March 4th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the company. According to MarketBeat, Snap-on presently has a consensus rating of “Moderate Buy” and a consensus price target of $355.33.

Insider Transactions at Snap-on

In other news, SVP Jesus Arregui sold 6,451 shares of the business’s stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $337.81, for a total value of $2,179,212.31. Following the sale, the senior vice president now owns 257 shares of the company’s stock, valued at $86,817.17. The trade was a 96.17 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Nicholas T. Pinchuk sold 22,700 shares of the firm’s stock in a transaction that occurred on Thursday, March 27th. The stock was sold at an average price of $335.32, for a total transaction of $7,611,764.00. Following the completion of the transaction, the chief executive officer now directly owns 793,932 shares of the company’s stock, valued at approximately $266,221,278.24. This trade represents a 2.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 36,011 shares of company stock worth $12,116,859. 3.90% of the stock is owned by company insiders.

Snap-on Stock Performance

Shares of SNA stock opened at $339.31 on Wednesday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 3.17 and a current ratio of 4.15. The firm has a market cap of $17.79 billion, a price-to-earnings ratio of 17.40, a P/E/G ratio of 2.21 and a beta of 0.99. Snap-on Incorporated has a 52 week low of $252.98 and a 52 week high of $373.90. The firm’s 50-day simple moving average is $339.60 and its two-hundred day simple moving average is $334.75.

Snap-on (NYSE:SNA) last posted its quarterly earnings results on Thursday, February 6th. The company reported $4.82 EPS for the quarter, topping analysts’ consensus estimates of $4.78 by $0.04. Snap-on had a net margin of 21.71% and a return on equity of 19.20%. During the same period in the previous year, the firm posted $4.75 EPS. As a group, equities analysts forecast that Snap-on Incorporated will post 19.79 earnings per share for the current year.

Snap-on Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Monday, February 24th were given a dividend of $2.14 per share. The ex-dividend date was Monday, February 24th. This represents a $8.56 dividend on an annualized basis and a dividend yield of 2.52%. Snap-on’s dividend payout ratio is presently 43.90%.

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.