Great West Life Assurance Co. Can lifted its stake in shares of Snap-on Incorporated (NYSE:SNA) by 33.7% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 52,509 shares of the company’s stock after buying an additional 13,233 shares during the period. Great West Life Assurance Co. Can owned approximately 0.09% of Snap-on worth $8,442,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the company. Summit Trail Advisors LLC lifted its position in Snap-on by 7,857.1% during the first quarter. Summit Trail Advisors LLC now owns 104,158 shares of the company’s stock valued at $104,000 after purchasing an additional 102,849 shares during the period. Piedmont Investment Advisors LLC acquired a new position in Snap-on during the second quarter valued at $107,000. Adviser Investments LLC acquired a new position in Snap-on during the first quarter valued at $118,000. Seven Eight Capital LP acquired a new position in Snap-on during the first quarter valued at $207,000. Finally, Conning Inc. acquired a new position in Snap-on during the second quarter valued at $207,000.

A number of research analysts recently issued reports on the stock. Zacks Investment Research downgraded shares of Snap-on from a “hold” rating to a “sell” rating in a research report on Monday, July 2nd. Barrington Research restated a “buy” rating on shares of Snap-on in a research report on Monday, July 16th. ValuEngine upgraded shares of Snap-on from a “sell” rating to a “hold” rating in a research report on Saturday, June 16th. B. Riley set a $205.00 target price on shares of Snap-on and gave the company a “buy” rating in a research report on Tuesday, July 17th. Finally, Northcoast Research downgraded shares of Snap-on from a “buy” rating to a “neutral” rating in a research report on Tuesday, July 24th. Four analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $192.75.

SNA opened at $180.60 on Friday. Snap-on Incorporated has a fifty-two week low of $141.63 and a fifty-two week high of $185.47. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.33 and a quick ratio of 1.60. The firm has a market capitalization of $10.23 billion, a price-to-earnings ratio of 16.43, a PEG ratio of 1.49 and a beta of 1.17.

Snap-on (NYSE:SNA) last released its quarterly earnings data on Thursday, July 19th. The company reported $3.11 earnings per share for the quarter, beating analysts’ consensus estimates of $2.95 by $0.16. Snap-on had a net margin of 16.04% and a return on equity of 21.04%. The company had revenue of $954.60 million during the quarter, compared to analysts’ expectations of $952.04 million. During the same quarter in the previous year, the company earned $2.60 earnings per share. The firm’s revenue for the quarter was up 3.6% on a year-over-year basis. equities analysts anticipate that Snap-on Incorporated will post 11.8 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 10th. Shareholders of record on Friday, August 17th will be issued a $0.82 dividend. The ex-dividend date is Thursday, August 16th. This represents a $3.28 dividend on an annualized basis and a yield of 1.82%. Snap-on’s payout ratio is 32.41%.

In other news, VP Iain Boyd sold 4,291 shares of the business’s stock in a transaction dated Tuesday, August 7th. The shares were sold at an average price of $170.03, for a total transaction of $729,598.73. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Anup R. Banerjee sold 35,500 shares of the business’s stock in a transaction dated Thursday, July 19th. The stock was sold at an average price of $172.00, for a total transaction of $6,106,000.00. Following the sale, the senior vice president now directly owns 7,293 shares of the company’s stock, valued at approximately $1,254,396. The disclosure for this sale can be found here. Insiders sold 89,816 shares of company stock valued at $15,120,752 in the last ninety days. 4.00% of the stock is owned by corporate insiders.

Snap-on Company Profile

Snap-on Incorporated manufactures and markets tools, equipment, diagnostics, and repair information and systems solutions for professional users worldwide. The company operates through Commercial & Industrial Group, Snap-on Tools Group, Repair Systems & Information Group, and Financial Services segments.

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

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