Russell Investments Group Ltd. reduced its position in shares of Snap-On Incorporated (NYSE:SNA) by 22.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 153,268 shares of the company’s stock after selling 43,660 shares during the period. Russell Investments Group Ltd. owned about 0.27% of Snap-On worth $24,218,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in SNA. Adirondack Trust Co. raised its stake 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 in the last quarter. TrimTabs Asset Management LLC raised its stake in shares of 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 raised its stake in shares of 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 raised its stake in shares of 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 raised its stake in shares of 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. 91.83% of the stock is currently owned by institutional investors.

Shares of Snap-On Incorporated (NYSE:SNA) traded down 0.06% during midday trading on Friday, hitting $152.76. The stock had a trading volume of 409,873 shares. The firm has a 50 day moving average of $154.83 and a 200-day moving average of $165.25. Snap-On Incorporated has a one year low of $145.17 and a one year high of $181.73. The company has a market cap of $8.80 billion, a P/E ratio of 15.81 and a beta of 1.05.

Snap-On (NYSE:SNA) last posted its quarterly earnings data on Thursday, July 20th. The company reported $2.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.55 by $0.05. The business had revenue of $921.40 million during the quarter, compared to analysts’ expectations of $920.87 million. Snap-On had a net margin of 16.22% and a return on equity of 20.90%. The business’s revenue was up 5.6% on a year-over-year basis. During the same period last year, the firm posted $2.36 earnings per share. On average, analysts forecast that Snap-On Incorporated will post $10.09 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 8th. Stockholders of record on Friday, August 18th will be issued a $0.71 dividend. This represents a $2.84 annualized dividend and a dividend yield of 1.86%. The ex-dividend date is Wednesday, August 16th. Snap-On’s dividend payout ratio (DPR) is presently 29.34%.

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A number of brokerages have weighed in on SNA. Zacks Investment Research lowered Snap-On from a “hold” rating to a “sell” rating in a report on Wednesday, July 12th. Jefferies Group LLC reaffirmed a “hold” rating and issued a $175.00 price objective on shares of Snap-On in a report on Wednesday, May 31st. BidaskClub raised Snap-On from a “strong sell” rating to a “sell” rating in a report on Wednesday, July 19th. FBR & Co set a $205.00 price objective on Snap-On and gave the company a “buy” rating in a report on Friday, July 21st. Finally, Robert W. Baird reaffirmed an “outperform” rating and issued a $197.00 price objective on shares of Snap-On in a report on Wednesday. One research analyst has rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $197.86.

In other news, VP Iain Boyd sold 18,418 shares of the stock in a transaction that occurred on Monday, July 24th. The shares were sold at an average price of $147.54, for a total value of $2,717,391.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Ruth Ann M. Gillis acquired 265 shares of the firm’s stock in a transaction dated Friday, August 4th. The stock was bought at an average price of $152.58 per share, with a total value of $40,433.70. The disclosure for this purchase can be found here. Company insiders own 3.70% of the company’s stock.

Snap-On Company Profile

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.

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Institutional Ownership by Quarter for Snap-On (NYSE:SNA)

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