Cohen & Steers Inc. decreased its stake in shares of Snap-on Incorporated (NYSE:SNA) by 33.5% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 899 shares of the company’s stock after selling 453 shares during the period. Cohen & Steers Inc.’s holdings in Snap-on were worth $131,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in the business. BlackRock Inc. increased its position in Snap-on by 17.9% during the fourth quarter. BlackRock Inc. now owns 4,525,663 shares of the company’s stock worth $657,532,000 after buying an additional 687,661 shares in the last quarter. Northern Trust Corp increased its position in Snap-on by 14.1% during the fourth quarter. Northern Trust Corp now owns 1,126,132 shares of the company’s stock worth $163,616,000 after buying an additional 139,258 shares in the last quarter. Investec Asset Management LTD increased its position in Snap-on by 55.2% during the fourth quarter. Investec Asset Management LTD now owns 1,114,605 shares of the company’s stock worth $161,941,000 after buying an additional 396,566 shares in the last quarter. Geode Capital Management LLC increased its position in Snap-on by 8.6% during the fourth quarter. Geode Capital Management LLC now owns 870,603 shares of the company’s stock worth $126,307,000 after buying an additional 69,020 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its position in Snap-on by 12.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 821,268 shares of the company’s stock worth $119,321,000 after buying an additional 91,309 shares in the last quarter.

In related news, Chairman Nicholas T. Pinchuk sold 22,433 shares of Snap-on stock in a transaction on Thursday, December 27th. The stock was sold at an average price of $140.80, for a total value of $3,158,566.40. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Iain Boyd sold 26,500 shares of Snap-on stock in a transaction on Wednesday, February 20th. The shares were sold at an average price of $158.79, for a total value of $4,207,935.00. Following the completion of the transaction, the vice president now owns 19,038 shares in the company, valued at approximately $3,023,044.02. The disclosure for this sale can be found here. Insiders have sold 67,977 shares of company stock worth $10,435,589 in the last 90 days. Insiders own 4.00% of the company’s stock.

Several equities analysts have weighed in on SNA shares. Zacks Investment Research downgraded Snap-on from a “hold” rating to a “sell” rating in a research report on Monday, February 4th. TheStreet cut Snap-on from a “b” rating to a “c+” rating in a report on Wednesday, December 19th. Finally, Bank of America assumed coverage on Snap-on in a report on Friday, December 21st. They set a “buy” rating and a $165.00 price objective on the stock. One research analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $190.33.

SNA stock opened at $155.68 on Friday. Snap-on Incorporated has a 52-week low of $135.29 and a 52-week high of $189.46. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.62 and a current ratio of 2.33. The firm has a market cap of $8.65 billion, a PE ratio of 13.18, a price-to-earnings-growth ratio of 1.34 and a beta of 1.27.

Snap-on (NYSE:SNA) last posted its quarterly earnings data on Thursday, February 7th. The company reported $3.03 earnings per share (EPS) for the quarter, hitting the consensus estimate of $3.03. Snap-on had a return on equity of 21.62% and a net margin of 18.18%. The business had revenue of $952.50 million for the quarter, compared to analysts’ expectations of $968.74 million. During the same quarter last year, the firm earned $2.69 earnings per share. The business’s revenue was down 2.3% on a year-over-year basis. As a group, equities research analysts predict that Snap-on Incorporated will post 12.33 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 11th. Stockholders of record on Monday, February 25th were issued a dividend of $0.95 per share. This represents a $3.80 annualized dividend and a dividend yield of 2.44%. The ex-dividend date of this dividend was Friday, February 22nd. Snap-on’s dividend payout ratio (DPR) is 32.18%.

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Snap-on Profile

Snap-on Incorporated manufactures and markets tools, equipment, diagnostics, and repair information and systems solutions for professional users worldwide. It operates through Commercial and Industrial Group, Snap-on Tools Group, and Repair Systems & Information Group segments. The company offers hand tools, including wrenches, sockets, ratchet wrenches, pliers, screwdrivers, punches and chisels, saws and cutting tools, pruning tools, torque measuring instruments, and other products; power tools, such as cordless, pneumatic, hydraulic, and corded tools; and tool storage products comprising tool chests, roll cabinets, and other products.

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

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