Robeco Institutional Asset Management B.V. Has $8.04 Million Stake in Snap-On Incorporated $SNA

Robeco Institutional Asset Management B.V. boosted its position in Snap-On Incorporated (NYSE:SNA) by 6.7% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 23,197 shares of the company’s stock after purchasing an additional 1,462 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Snap-On were worth $8,038,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in the business. BankPlus Trust Department grew its stake in Snap-On by 5.9% during the third quarter. BankPlus Trust Department now owns 541 shares of the company’s stock worth $187,000 after purchasing an additional 30 shares during the period. Penserra Capital Management LLC lifted its position in shares of Snap-On by 13.5% during the 2nd quarter. Penserra Capital Management LLC now owns 278 shares of the company’s stock valued at $86,000 after acquiring an additional 33 shares during the period. PAX Financial Group LLC boosted its stake in Snap-On by 5.4% during the second quarter. PAX Financial Group LLC now owns 663 shares of the company’s stock worth $206,000 after acquiring an additional 34 shares in the last quarter. MassMutual Private Wealth & Trust FSB boosted its stake in Snap-On by 28.2% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 159 shares of the company’s stock worth $49,000 after acquiring an additional 35 shares in the last quarter. Finally, D.A. Davidson & CO. increased its stake in Snap-On by 0.7% in the third quarter. D.A. Davidson & CO. now owns 5,378 shares of the company’s stock valued at $1,864,000 after purchasing an additional 36 shares in the last quarter. 84.88% of the stock is owned by institutional investors.

Snap-On Stock Performance

Shares of Snap-On stock opened at $362.29 on Friday. The business’s fifty day simple moving average is $344.77 and its 200 day simple moving average is $334.77. The company has a current ratio of 4.40, a quick ratio of 3.37 and a debt-to-equity ratio of 0.20. The firm has a market capitalization of $18.84 billion, a P/E ratio of 19.00, a price-to-earnings-growth ratio of 2.54 and a beta of 0.80. Snap-On Incorporated has a 12 month low of $289.81 and a 12 month high of $366.17.

Snap-On (NYSE:SNA) last announced its quarterly earnings data on Thursday, October 16th. The company reported $4.71 EPS for the quarter, topping the consensus estimate of $4.59 by $0.12. Snap-On had a net margin of 21.08% and a return on equity of 17.71%. The business had revenue of $1.19 billion for the quarter, compared to analyst estimates of $1.16 billion. During the same quarter in the previous year, the firm posted $4.70 earnings per share. The company’s revenue for the quarter was up 3.8% on a year-over-year basis. As a group, analysts anticipate that Snap-On Incorporated will post 19.79 EPS for the current year.

Snap-On Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 10th. Stockholders of record on Friday, November 21st were paid a $2.44 dividend. The ex-dividend date was Friday, November 21st. This is a positive change from Snap-On’s previous quarterly dividend of $2.14. This represents a $9.76 annualized dividend and a dividend yield of 2.7%. Snap-On’s dividend payout ratio is 51.18%.

Insider Buying and Selling at Snap-On

In other news, CFO Aldo John Pagliari sold 6,779 shares of the firm’s stock in a transaction on Thursday, December 11th. The stock was sold at an average price of $352.20, for a total value of $2,387,563.80. Following the completion of the transaction, the chief financial officer directly owned 111,888 shares of the company’s stock, valued at $39,406,953.60. This trade represents a 5.71% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Nicholas T. Pinchuk sold 22,607 shares of the business’s stock in a transaction on Tuesday, December 2nd. The shares were sold at an average price of $339.15, for a total value of $7,667,164.05. Following the sale, the chief executive officer owned 826,364 shares in the company, valued at approximately $280,261,350.60. The trade was a 2.66% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 40,036 shares of company stock worth $13,710,988. 3.90% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of research firms recently weighed in on SNA. Roth Capital reaffirmed a “buy” rating and set a $385.00 price target on shares of Snap-On in a research note on Friday, October 17th. Tigress Financial upped their price objective on shares of Snap-On from $395.00 to $405.00 and gave the stock a “buy” rating in a report on Tuesday, October 21st. Barrington Research restated an “outperform” rating and issued a $350.00 target price on shares of Snap-On in a report on Wednesday, October 15th. Robert W. Baird lifted their price target on Snap-On from $355.00 to $365.00 and gave the company a “neutral” rating in a research note on Friday, October 17th. Finally, Wall Street Zen raised Snap-On from a “hold” rating to a “buy” rating in a research note on Saturday, October 18th. Five investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $365.00.

About Snap-On

Snap‑On Incorporated (NYSE: SNA) is a designer, manufacturer and marketer of tools, diagnostic equipment, repair information and shop equipment for professional users. The company’s product range includes hand and power tools, tool storage and cabinets, diagnostic scan tools and software, shop equipment such as lifts and tire changers, and specialized specialty tools for automotive, aviation, marine and industrial applications. Snap‑On also offers information and workflow solutions that combine diagnostic data, repair procedures and parts information to support professional technicians.

Founded in 1920 and headquartered in Kenosha, Wisconsin, Snap‑On has established a long history in the professional tools market.