HL Financial Services LLC Has $2,355,000 Position in Snap-On Inc. (SNA)
HL Financial Services LLC increased its stake in shares of Snap-On Inc. (NYSE:SNA) by 22.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,922 shares of the company’s stock after buying an additional 2,740 shares during the period. HL Financial Services LLC’s holdings in Snap-On were worth $2,355,000 as of its most recent SEC filing.
Other institutional investors also recently bought and sold shares of the company. Pitcairn Co. raised its position in Snap-On by 76.5% in the second quarter. Pitcairn Co. now owns 5,536 shares of the company’s stock valued at $874,000 after buying an additional 2,399 shares during the last quarter. Bank of Montreal Can bought a new position in Snap-On during the second quarter valued at $86,320,000. MSI Financial Services Inc raised its position in Snap-On by 48.3% in the second quarter. MSI Financial Services Inc now owns 5,492 shares of the company’s stock valued at $867,000 after buying an additional 1,789 shares during the last quarter. Shell Asset Management Co. raised its position in Snap-On by 29.0% in the second quarter. Shell Asset Management Co. now owns 4,434 shares of the company’s stock valued at $700,000 after buying an additional 997 shares during the last quarter. Finally, Meeder Asset Management Inc. raised its position in Snap-On by 451.9% in the second quarter. Meeder Asset Management Inc. now owns 1,700 shares of the company’s stock valued at $269,000 after buying an additional 1,392 shares during the last quarter. Institutional investors own 84.72% of the company’s stock.
Shares of Snap-On Inc. (NYSE:SNA) traded up 0.28% during trading on Wednesday, reaching $149.90. 361,718 shares of the company’s stock were exchanged. Snap-On Inc. has a 12 month low of $133.09 and a 12 month high of $174.52. The firm has a market cap of $8.71 billion, a price-to-earnings ratio of 17.19 and a beta of 1.32. The stock has a 50-day moving average price of $152.56 and a 200 day moving average price of $156.76.
Snap-On (NYSE:SNA) last posted its quarterly earnings results on Thursday, July 21st. The company reported $2.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.23 by $0.13. The firm earned $872.30 million during the quarter, compared to analyst estimates of $876.70 million. Snap-On had a return on equity of 20.78% and a net margin of 15.28%. Snap-On’s quarterly revenue was up 2.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.03 EPS. On average, analysts forecast that Snap-On Inc. will post $9.09 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, September 9th. Stockholders of record on Friday, August 19th were given a $0.61 dividend. This represents a $2.44 annualized dividend and a dividend yield of 1.63%. The ex-dividend date was Wednesday, August 17th. Snap-On’s dividend payout ratio is presently 27.98%.
Several equities analysts recently weighed in on the stock. Zacks Investment Research lowered shares of Snap-On from a “hold” rating to a “sell” rating in a research report on Wednesday, July 20th. Robert W. Baird restated a “buy” rating on shares of Snap-On in a research report on Tuesday, June 28th. Finally, CL King assumed coverage on shares of Snap-On in a research report on Monday, June 27th. They set a “buy” rating and a $174.00 price target for the company. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. Snap-On currently has an average rating of “Buy” and a consensus target price of $176.56.
In other Snap-On news, VP Iain Boyd sold 3,500 shares of the business’s stock in a transaction dated Tuesday, July 26th. The stock was sold at an average price of $157.97, for a total value of $552,895.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Thomas J. Ward sold 42,000 shares of the business’s stock in a transaction dated Thursday, September 8th. The stock was sold at an average price of $151.60, for a total value of $6,367,200.00. The disclosure for this sale can be found here. 3.40% of the stock is owned by insiders.
Snap-On Company Profile
Snap-On Incorporated is a manufacturer and marketer of tools, equipment, diagnostics, repair information and systems solutions for professional users. The Company’s segments include Commercial & Industrial Group, the Snap-on Tools Group, the Repair Systems & Information Group and Financial Services. Its Commercial & Industrial Group segment consists of business operations serving a range of industrial and commercial customers across the world.
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