Kentucky Retirement Systems Insurance Trust Fund decreased its stake in Snap-on Incorporated (NYSE:SNA – Free Report) by 7.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,742 shares of the company’s stock after selling 138 shares during the quarter. Kentucky Retirement Systems Insurance Trust Fund’s holdings in Snap-on were worth $516,000 as of its most recent SEC filing.
Other institutional investors have also modified their holdings of the company. Confluence Investment Management LLC purchased a new position in shares of Snap-on in the first quarter worth about $173,451,000. Norges Bank purchased a new position in shares of Snap-on in the fourth quarter worth about $145,665,000. Mawer Investment Management Ltd. purchased a new position in shares of Snap-on in the first quarter worth about $55,954,000. Benjamin F. Edwards & Company Inc. raised its stake in Snap-on by 1,416.5% during the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 147,657 shares of the company’s stock worth $42,649,000 after purchasing an additional 137,920 shares during the period. Finally, International Assets Investment Management LLC raised its stake in Snap-on by 31,080.3% during the fourth quarter. International Assets Investment Management LLC now owns 74,521 shares of the company’s stock worth $21,525,000 after purchasing an additional 74,282 shares during the period. Institutional investors and hedge funds own 84.88% of the company’s stock.
Snap-on Stock Up 2.6 %
Shares of SNA stock traded up $7.19 during trading on Friday, reaching $280.66. The company’s stock had a trading volume of 258,932 shares, compared to its average volume of 348,910. The company has a debt-to-equity ratio of 0.22, a current ratio of 4.06 and a quick ratio of 3.05. The company has a market capitalization of $14.79 billion, a price-to-earnings ratio of 14.73, a P/E/G ratio of 1.94 and a beta of 0.98. The stock’s 50-day moving average price is $267.66 and its 200 day moving average price is $277.16. Snap-on Incorporated has a 1-year low of $249.84 and a 1-year high of $298.49.
Insider Activity at Snap-on
In other Snap-on news, CEO Nicholas T. Pinchuk sold 24,220 shares of the business’s stock in a transaction that occurred on Tuesday, June 4th. The shares were sold at an average price of $266.80, for a total transaction of $6,461,896.00. Following the completion of the transaction, the chief executive officer now owns 750,663 shares in the company, valued at approximately $200,276,888.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other Snap-on news, CEO Nicholas T. Pinchuk sold 24,220 shares of the business’s stock in a transaction that occurred on Tuesday, June 4th. The shares were sold at an average price of $266.80, for a total transaction of $6,461,896.00. Following the completion of the transaction, the chief executive officer now owns 750,663 shares in the company, valued at approximately $200,276,888.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Jesus Arregui sold 8,434 shares of the business’s 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 transaction, the senior vice president now owns 252 shares of the company’s stock, valued at approximately $66,822.84. The disclosure for this sale can be found here. Over the last quarter, insiders sold 38,632 shares of company stock worth $10,353,409. Corporate insiders own 4.10% of the company’s stock.
Wall Street Analyst Weigh In
A number of brokerages have commented on SNA. Tigress Financial reaffirmed a “buy” rating and set a $336.00 target price on shares of Snap-on in a research note on Thursday. Roth Mkm reaffirmed a “buy” rating and set a $324.00 target price on shares of Snap-on in a research note on Tuesday, July 16th. Robert W. Baird reduced their target price on shares of Snap-on from $282.00 to $275.00 and set a “neutral” rating on the stock in a research note on Friday, July 12th. Finally, Barrington Research reaffirmed an “outperform” rating and set a $325.00 target price on shares of Snap-on in a research note on Tuesday, July 16th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $315.00.
Get Our Latest Stock Report on SNA
Snap-on 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.
Recommended Stories
- Five stocks we like better than Snap-on
- Special Purpose Acquisition Company (SPAC) What You Need to Know
- Is Crypto Cool Again? What Stocks You Should Be Watching
- How Can Retail Investors Trade the Toronto Stock Exchange (TSX)?
- Why Call Options Volume for These 2 Stocks Spiked Together
- What is a Dividend Harvesting Strategy and How Can Investors Profit from it?
- MarketBeat Week in Review – 7/22 – 7/26
Want to see what other hedge funds are holding SNA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Snap-on Incorporated (NYSE:SNA – Free Report).
Receive News & Ratings for Snap-on Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Snap-on and related companies with MarketBeat.com's FREE daily email newsletter.