Snap-on Incorporated (NYSE:SNA) Shares Sold by National Bank of Canada FI

National Bank of Canada FI trimmed its holdings in Snap-on Incorporated (NYSE:SNA) by 53.3% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 36,102 shares of the company’s stock after selling 41,124 shares during the period. National Bank of Canada FI owned approximately 0.07% of Snap-on worth $12,256,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in SNA. Bleakley Financial Group LLC acquired a new stake in shares of Snap-on during the 4th quarter worth about $512,000. Vest Financial LLC boosted its stake in Snap-on by 2.4% during the fourth quarter. Vest Financial LLC now owns 102,987 shares of the company’s stock worth $34,962,000 after buying an additional 2,460 shares during the period. Sanctuary Advisors LLC increased its position in shares of Snap-on by 3.6% during the third quarter. Sanctuary Advisors LLC now owns 45,783 shares of the company’s stock valued at $13,264,000 after acquiring an additional 1,605 shares during the last quarter. World Investment Advisors LLC purchased a new stake in shares of Snap-on in the 3rd quarter valued at approximately $19,291,000. Finally, Avanza Fonder AB acquired a new position in shares of Snap-on in the 4th quarter worth approximately $1,936,000. Institutional investors and hedge funds own 84.88% of the company’s stock.

Snap-on Trading Down 3.8 %

NYSE:SNA opened at $314.98 on Friday. The stock has a fifty day moving average price of $338.24 and a 200 day moving average price of $334.98. The company has a current ratio of 4.15, a quick ratio of 3.17 and a debt-to-equity ratio of 0.22. Snap-on Incorporated has a 12-month low of $252.98 and a 12-month high of $373.90. The firm has a market cap of $16.51 billion, a PE ratio of 16.15, a price-to-earnings-growth ratio of 2.21 and a beta of 0.99.

Snap-on (NYSE:SNA) last announced its quarterly earnings data 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 return on equity of 19.20% and a net margin of 21.71%. During the same quarter in the prior year, the firm earned $4.75 earnings per share. Sell-side analysts anticipate that Snap-on Incorporated will post 19.79 earnings per share for the current fiscal year.

Snap-on Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Monday, February 24th were given a $2.14 dividend. This represents a $8.56 dividend on an annualized basis and a dividend yield of 2.72%. The ex-dividend date was Monday, February 24th. Snap-on’s dividend payout ratio is presently 43.90%.

Insider Activity

In other news, CEO Nicholas T. Pinchuk sold 22,700 shares of the stock in a transaction dated Thursday, March 27th. The stock was sold at an average price of $335.32, for a total value of $7,611,764.00. Following the transaction, the chief executive officer now owns 793,932 shares in the company, valued at approximately $266,221,278.24. This represents a 2.78 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Jesus Arregui sold 6,451 shares of the business’s stock in a transaction that occurred on Monday, February 10th. The stock was 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 approximately $86,817.17. The trade was a 96.17 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 36,011 shares of company stock worth $12,116,859. 3.90% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on SNA shares. Tigress Financial boosted their target price on Snap-on from $385.00 to $390.00 and gave the company a “buy” rating in a research report on Tuesday, March 4th. Longbow Research upgraded Snap-on from a “neutral” rating to a “buy” rating and set a $400.00 price objective on the stock in a report on Monday, March 31st. Finally, Barrington Research restated an “outperform” rating and set a $350.00 target price on shares of Snap-on in a report on Monday, February 10th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, Snap-on has a consensus rating of “Moderate Buy” and a consensus target price of $355.33.

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.