Janus Capital Management LLC lowered its position in Snap-On Incorporated (NYSE:SNA) by 62.6% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 67,336 shares of the company’s stock after selling 112,561 shares during the period. Janus Capital Management LLC owned about 0.12% of Snap-On worth $11,357,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also modified their holdings of the company. Adirondack Trust Co. raised its position in shares of Snap-On by 2.5% in the first quarter. Adirondack Trust Co. now owns 624 shares of the company’s stock worth $105,000 after buying an additional 15 shares during the period. TrimTabs Asset Management LLC boosted its stake in Snap-On by 88.4% in the first quarter. TrimTabs Asset Management LLC now owns 665 shares of the company’s stock worth $112,000 after buying an additional 312 shares in the last quarter. Van ECK Associates Corp boosted its stake in Snap-On by 7.5% in the first quarter. Van ECK Associates Corp now owns 845 shares of the company’s stock worth $143,000 after buying an additional 59 shares in the last quarter. IHT Wealth Management LLC boosted its stake in Snap-On by 13.8% in the first quarter. IHT Wealth Management LLC now owns 983 shares of the company’s stock worth $160,000 after buying an additional 119 shares in the last quarter. Finally, Global X Management Co. LLC boosted its stake in Snap-On by 28.7% in the first quarter. Global X Management Co. LLC now owns 1,064 shares of the company’s stock worth $179,000 after buying an additional 237 shares in the last quarter. Institutional investors own 91.13% of the company’s stock.
Shares of Snap-On Incorporated (SNA) traded down 0.23% during mid-day trading on Friday, hitting $150.00. The stock had a trading volume of 1,522,415 shares. Snap-On Incorporated has a 52 week low of $145.17 and a 52 week high of $181.73. The stock has a 50 day moving average price of $156.90 and a 200 day moving average price of $166.66. The firm has a market cap of $8.69 billion, a PE ratio of 15.91 and a beta of 1.06.
Snap-On (NYSE:SNA) last issued its quarterly earnings results on Thursday, July 20th. The company reported $2.60 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.55 by $0.05. Snap-On had a return on equity of 20.90% and a net margin of 16.22%. The company had revenue of $921.40 million for the quarter, compared to analyst estimates of $920.87 million. During the same quarter last year, the company posted $2.36 EPS. The company’s revenue for the quarter was up 5.6% compared to the same quarter last year. Equities research analysts expect that Snap-On Incorporated will post $10.09 EPS for the current fiscal year.
A number of research firms have recently issued reports on SNA. Zacks Investment Research cut Snap-On from a “hold” rating to a “sell” rating in a research report on Wednesday, July 12th. Jefferies Group LLC restated a “hold” rating and set a $175.00 price objective on shares of Snap-On in a research report on Wednesday, May 31st. BidaskClub upgraded Snap-On from a “strong sell” rating to a “sell” rating in a research report on Wednesday. FBR & Co restated a “buy” rating and set a $205.00 price objective on shares of Snap-On in a research report on Friday. Finally, Oppenheimer Holdings, Inc. restated an “outperform” rating and set a $200.00 price objective on shares of Snap-On in a research report on Thursday, June 1st. One research analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $198.00.
In other news, VP Jeanne M. Moreno sold 12,459 shares of Snap-On stock in a transaction on Monday, April 24th. The stock was sold at an average price of $176.54, for a total value of $2,199,511.86. Following the transaction, the vice president now owns 10,486 shares in the company, valued at approximately $1,851,198.44. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Thomas J. Ward sold 42,000 shares of Snap-On stock in a transaction on Monday, April 24th. The shares were sold at an average price of $174.88, for a total value of $7,344,960.00. The disclosure for this sale can be found here. Company insiders own 3.70% of the company’s stock.
Snap-on Incorporated is a manufacturer and marketer of tools, equipment, diagnostics, repair information and systems solutions. The Company’s segments include the Commercial & Industrial Group, the Snap-on Tools Group, the Repair Systems & Information Group, and Financial Services. The Commercial & Industrial Group consists of business operations serving a range of industrial and commercial customers, including customers in the aerospace, natural resources, government, power generation, transportation and technical education markets.
Receive News & Ratings for Snap-On Incorporated Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Snap-On Incorporated and related companies with our FREE daily email newsletter.