Snap-on Incorporated (NYSE:SNA) Shares Acquired by TD Waterhouse Canada Inc.

TD Waterhouse Canada Inc. lifted its position in Snap-on Incorporated (NYSE:SNA) by 4.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,455 shares of the company’s stock after purchasing an additional 140 shares during the quarter. TD Waterhouse Canada Inc.’s holdings in Snap-on were worth $1,173,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in SNA. Tower Research Capital LLC TRC grew its position in shares of Snap-on by 57.4% during the fourth quarter. Tower Research Capital LLC TRC now owns 4,719 shares of the company’s stock worth $1,602,000 after acquiring an additional 1,721 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC grew its position in Snap-on by 72.5% during the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 15,419 shares of the company’s stock worth $5,234,000 after purchasing an additional 6,480 shares during the last quarter. MML Investors Services LLC increased its stake in Snap-on by 2.6% in the fourth quarter. MML Investors Services LLC now owns 114,306 shares of the company’s stock valued at $38,805,000 after purchasing an additional 2,914 shares during the period. MetLife Investment Management LLC raised its holdings in shares of Snap-on by 1.5% in the fourth quarter. MetLife Investment Management LLC now owns 13,884 shares of the company’s stock valued at $4,713,000 after buying an additional 202 shares during the last quarter. Finally, Norinchukin Bank The boosted its stake in shares of Snap-on by 2.5% during the fourth quarter. Norinchukin Bank The now owns 2,066 shares of the company’s stock worth $701,000 after buying an additional 50 shares during the period. Institutional investors and hedge funds own 84.88% of the company’s stock.

Snap-on Price Performance

Shares of NYSE:SNA opened at $310.66 on Friday. The firm has a market capitalization of $16.28 billion, a price-to-earnings ratio of 15.93, a price-to-earnings-growth ratio of 2.21 and a beta of 0.84. The company has a debt-to-equity ratio of 0.22, a current ratio of 4.15 and a quick ratio of 3.17. The business’s 50 day simple moving average is $328.80 and its 200-day simple moving average is $338.07. Snap-on Incorporated has a 12 month low of $252.98 and a 12 month high of $373.90.

Snap-on (NYSE:SNA) last posted its earnings results on Thursday, April 17th. The company reported $4.51 EPS for the quarter, missing analysts’ consensus estimates of $4.81 by ($0.30). Snap-on had a return on equity of 19.20% and a net margin of 21.71%. The firm had revenue of $1.14 billion for the quarter, compared to analysts’ expectations of $1.20 billion. During the same quarter in the previous year, the firm posted $4.91 earnings per share. As a group, equities analysts forecast that Snap-on Incorporated will post 19.79 earnings per share for the current fiscal year.

Snap-on Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Tuesday, May 20th will be issued a dividend of $2.14 per share. This represents a $8.56 annualized dividend and a yield of 2.76%. Snap-on’s dividend payout ratio (DPR) is currently 44.82%.

Analyst Ratings Changes

SNA has been the subject of several analyst reports. StockNews.com downgraded Snap-on from a “buy” rating to a “hold” rating in a research note on Friday, April 18th. Robert W. Baird decreased their price target on Snap-on from $349.00 to $320.00 and set a “neutral” rating for the company in a report on Monday. Tigress Financial boosted their price target on shares of Snap-on from $385.00 to $390.00 and gave the stock a “buy” rating in a research note on Tuesday, March 4th. Barrington Research reissued an “outperform” rating and issued a $350.00 price target on shares of Snap-on in a report on Thursday, April 17th. Finally, Longbow Research raised Snap-on from a “neutral” rating to a “buy” rating and set a $400.00 price objective on the stock in a report on Monday, March 31st. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $350.83.

Insiders Place Their Bets

In related news, CFO Aldo John Pagliari sold 6,860 shares of the business’s stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $339.05, for a total value of $2,325,883.00. Following the completion of the transaction, the chief financial officer now owns 107,096 shares of the company’s stock, valued at approximately $36,310,898.80. The trade was a 6.02 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Nicholas T. Pinchuk sold 22,700 shares of the firm’s stock in a transaction dated Thursday, March 27th. The stock was sold at an average price of $335.32, for a total transaction of $7,611,764.00. Following the sale, the chief executive officer now directly owns 793,932 shares in the company, valued at $266,221,278.24. This represents a 2.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 36,011 shares of company stock worth $12,116,859. Insiders own 3.90% of the company’s stock.

About Snap-on

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