Fenimore Asset Management Inc. increased its holdings in shares of Snap-on Incorporated (NYSE:SNA) by 19.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 313,904 shares of the company’s stock after acquiring an additional 51,735 shares during the quarter. Snap-on comprises 1.8% of Fenimore Asset Management Inc.’s portfolio, making the stock its 22nd biggest holding. Fenimore Asset Management Inc.’s holdings in Snap-on were worth $45,607,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of SNA. State of Alaska Department of Revenue boosted its stake in Snap-on by 6.9% in the 4th quarter. State of Alaska Department of Revenue now owns 23,894 shares of the company’s stock valued at $3,469,000 after purchasing an additional 1,551 shares during the period. Carnegie Capital Asset Management LLC boosted its stake in Snap-on by 10.6% in the 3rd quarter. Carnegie Capital Asset Management LLC now owns 2,560 shares of the company’s stock valued at $427,000 after purchasing an additional 245 shares during the period. Federated Investors Inc. PA boosted its stake in Snap-on by 11,813.7% in the 3rd quarter. Federated Investors Inc. PA now owns 333,225 shares of the company’s stock valued at $61,180,000 after purchasing an additional 330,428 shares during the period. Rehmann Capital Advisory Group boosted its stake in Snap-on by 11.5% in the 3rd quarter. Rehmann Capital Advisory Group now owns 716 shares of the company’s stock valued at $131,000 after purchasing an additional 74 shares during the period. Finally, Morgan Stanley boosted its stake in Snap-on by 348.6% in the 3rd quarter. Morgan Stanley now owns 623,240 shares of the company’s stock valued at $114,427,000 after purchasing an additional 484,317 shares during the period.

SNA has been the subject of several recent research reports. TheStreet downgraded Snap-on from a “b” rating to a “c+” rating in a research note on Wednesday, December 19th. Zacks Investment Research downgraded Snap-on from a “buy” rating to a “hold” rating in a research note on Monday, October 22nd. Bank of America initiated coverage on Snap-on in a research note on Friday, December 21st. They issued a “buy” rating and a $165.00 price target for the company. Robert W. Baird reduced their price target on Snap-on from $216.00 to $190.00 and set an “outperform” rating for the company in a research note on Friday, October 19th. Finally, Barrington Research restated a “buy” rating and issued a $196.00 price target on shares of Snap-on in a research note on Tuesday, October 16th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $190.33.

Shares of NYSE:SNA traded up $0.04 during trading on Friday, reaching $160.15. 10,259 shares of the company traded hands, compared to its average volume of 662,897. The company has a market cap of $8.78 billion, a price-to-earnings ratio of 15.83, a PEG ratio of 1.24 and a beta of 1.32. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.59 and a current ratio of 2.31. Snap-on Incorporated has a 52 week low of $135.29 and a 52 week high of $189.46.

Snap-on (NYSE:SNA) last released its earnings results on Thursday, October 18th. The company reported $2.88 earnings per share for the quarter, beating analysts’ consensus estimates of $2.86 by $0.02. The firm had revenue of $898.10 million during the quarter, compared to the consensus estimate of $928.73 million. Snap-on had a return on equity of 21.35% and a net margin of 16.86%. The company’s revenue was down .6% compared to the same quarter last year. During the same period in the prior year, the company posted $2.45 EPS. Research analysts predict that Snap-on Incorporated will post 11.83 EPS for the current fiscal year.

In other news, Chairman Nicholas T. Pinchuk sold 22,433 shares of the company’s stock in a transaction on Thursday, December 27th. The stock was sold at an average price of $140.80, for a total transaction of $3,158,566.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 4.00% of the company’s stock.

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About Snap-on

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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