Park National Corp OH trimmed its position in shares of Snap-on Incorporated (NYSE:SNA) by 18.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,153 shares of the company’s stock after selling 486 shares during the period. Park National Corp OH’s holdings in Snap-on were worth $395,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Piedmont Investment Advisors LLC bought a new position in shares of Snap-on during the second quarter valued at about $107,000. Flagship Harbor Advisors LLC bought a new position in shares of Snap-on during the second quarter valued at about $117,000. Adviser Investments LLC bought a new position in shares of Snap-on during the first quarter valued at about $118,000. Conning Inc. bought a new position in shares of Snap-on during the second quarter valued at about $207,000. Finally, Aureus Asset Management LLC bought a new position in shares of Snap-on during the second quarter valued at about $214,000.

In other Snap-on news, Chairman Nicholas T. Pinchuk sold 21,624 shares of the firm’s stock in a transaction that occurred on Tuesday, August 7th. The shares were sold at an average price of $169.79, for a total transaction of $3,671,538.96. Following the completion of the transaction, the chairman now owns 443,955 shares of the company’s stock, valued at $75,379,119.45. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Aldo John Pagliari sold 6,480 shares of the firm’s stock in a transaction that occurred on Wednesday, August 22nd. The shares were sold at an average price of $177.89, for a total transaction of $1,152,727.20. The disclosure for this sale can be found here. Over the last three months, insiders sold 67,895 shares of company stock valued at $11,659,865. 4.00% of the stock is owned by insiders.

Several brokerages have recently commented on SNA. Barrington Research reaffirmed a “buy” rating and set a $200.00 price objective on shares of Snap-on in a research note on Monday, August 20th. Zacks Investment Research raised shares of Snap-on from a “sell” rating to a “hold” rating and set a $192.00 price target for the company in a research note on Monday, July 23rd. Northcoast Research downgraded shares of Snap-on from a “buy” rating to a “neutral” rating in a research note on Tuesday, July 24th. ValuEngine raised shares of Snap-on from a “sell” rating to a “hold” rating in a research note on Saturday, June 16th. Finally, B. Riley set a $205.00 price target on shares of Snap-on and gave the stock a “buy” rating in a research note on Tuesday, July 17th. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Snap-on presently has a consensus rating of “Buy” and a consensus price target of $192.75.

SNA stock opened at $184.57 on Thursday. Snap-on Incorporated has a 1 year low of $141.63 and a 1 year high of $189.46. The stock has a market capitalization of $10.36 billion, a P/E ratio of 18.24, a P/E/G ratio of 1.51 and a beta of 1.15. The company has a quick ratio of 1.60, a current ratio of 2.33 and a debt-to-equity ratio of 0.30.

Snap-on (NYSE:SNA) last released its quarterly earnings results on Thursday, July 19th. The company reported $3.11 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate 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 the consensus estimate of $952.04 million. During the same period in the prior year, the firm earned $2.60 earnings per share. Snap-on’s revenue was up 3.6% on a year-over-year basis. equities analysts anticipate that Snap-on Incorporated will post 11.8 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Monday, September 10th. Investors of record on Friday, August 17th were paid a $0.82 dividend. This represents a $3.28 dividend on an annualized basis and a yield of 1.78%. The ex-dividend date of this dividend was Thursday, August 16th. Snap-on’s payout ratio is currently 32.41%.

Snap-on 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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