Boston Trust Walden Corp Buys 8,243 Shares of Snap-on Incorporated (NYSE:SNA)
Boston Trust Walden Corp grew its position in shares of Snap-on Incorporated (NYSE:SNA - Free Report) by 4.3% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 199,229 shares of the company's stock after purchasing an additional 8,243 shares dur Boston Trust Walden Corp has increased its position in shares of Snap-on Incorporated (NYSE:SNA) by 4.3% in the 4th quarter, purchasing an additional 8,243 shares. The fund now owns about 0.38% of the company's stock, worth $57,545,000. Other hedge funds and other institutional investors have also recently modified their holdings in the company. JPMorgan Chase & Co. increased its stake in shares by 0.7% during the 1st quarter and now owns 1,255,550 shares of $309,984,000, after buying an additional 26,260 shares in the last quarter. Meanwhile, Northern Trust Corp lifted its position by 3.6%.
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Boston Trust Walden Corp grew its position in shares of Snap-on Incorporated (NYSE:SNA - Free Report) by 4.3% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 199,229 shares of the company's stock after purchasing an additional 8,243 shares during the quarter. Boston Trust Walden Corp owned about 0.38% of Snap-on worth $57,545,000 as of its most recent SEC filing.
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A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. boosted its position in shares of Snap-on by 0.7% during the 1st quarter. Vanguard Group Inc. now owns 6,365,971 shares of the company's stock valued at $1,308,079,000 after purchasing an additional 44,555 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Snap-on by 2.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,276,205 shares of the company's stock worth $325,509,000 after buying an additional 26,260 shares in the last quarter. JPMorgan Chase & Co. increased its stake in shares of Snap-on by 0.7% in the 1st quarter. JPMorgan Chase & Co. now owns 1,255,550 shares of the company's stock valued at $309,984,000 after acquiring an additional 8,649 shares in the last quarter. Ariel Investments LLC increased its stake in shares of Snap-on by 1.8% in the 1st quarter. Ariel Investments LLC now owns 1,129,250 shares of the company's stock valued at $232,038,000 after acquiring an additional 20,485 shares in the last quarter. Finally, Northern Trust Corp lifted its position in shares of Snap-on by 3.6% during the 1st quarter. Northern Trust Corp now owns 877,449 shares of the company's stock valued at $180,298,000 after acquiring an additional 30,664 shares during the period. Institutional investors and hedge funds own 84.88% of the company's stock.
In other Snap-on news, VP Richard Thomas Miller sold 704 shares of the stock in a transaction dated Thursday, March 28th. The shares were sold at an average price of $298.16, for a total value of $209,904.64. Following the completion of the sale, the vice president now owns 3,213 shares in the company, valued at approximately $957,988.08. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other Snap-on news, VP Richard Thomas Miller sold 704 shares of the business's stock in a transaction on Thursday, March 28th. The stock was sold at an average price of $298.16, for a total value of $209,904.64. Following the transaction, the vice president now owns 3,213 shares of the company's stock, valued at $957,988.08. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Nicholas T. Pinchuk sold 23,514 shares of the firm's stock in a transaction on Tuesday, March 19th. The shares were sold at an average price of $287.48, for a total value of $6,759,804.72. Following the sale, the chief executive officer now directly owns 742,383 shares of the company's stock, valued at $213,420,264.84. The disclosure for this sale can be found here. Insiders have sold 47,368 shares of company stock valued at $13,399,449 in the last three months. 4.10% of the stock is currently owned by insiders.
Several equities research analysts have weighed in on SNA shares. Barrington Research reaffirmed an "outperform" rating and issued a $325.00 price target on shares of Snap-on in a research note on Thursday, February 8th. Tigress Financial reaffirmed a "buy" rating and set a $336.00 price target on shares of Snap-on in a research note on Friday, February 16th. One research analyst has rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, Snap-on presently has a consensus rating of "Hold" and an average price target of $306.00.
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Shares of NYSE:SNA traded up $0.89 during midday trading on Thursday, hitting $293.40. 268,823 shares of the company's stock were exchanged, compared to its average volume of 305,937. The company has a debt-to-equity ratio of 0.23, a current ratio of 3.88 and a quick ratio of 2.81. Snap-on Incorporated has a 12 month low of $226.68 and a 12 month high of $298.49. The company has a market cap of $15.50 billion, a PE ratio of 15.65, a price-to-earnings-growth ratio of 2.09 and a beta of 0.99. The stock has a 50 day moving average price of $284.20 and a 200-day moving average price of $276.05.
Snap-on (NYSE:SNA - Get Free Report) last issued its quarterly earnings data on Thursday, February 8th. The company reported $4.75 EPS for the quarter, topping analysts' consensus estimates of $4.66 by $0.09. The firm had revenue of $1.20 billion during the quarter, compared to analyst estimates of $1.20 billion. Snap-on had a return on equity of 20.89% and a net margin of 21.38%. The company's revenue for the quarter was up 3.5% on a year-over-year basis. During the same period in the previous year, the company posted $4.42 EPS. On average, sell-side analysts anticipate that Snap-on Incorporated will post 19.21 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, March 11th. Shareholders of record on Monday, February 26th were issued a dividend of $1.86 per share. This represents a $7.44 dividend on an annualized basis and a yield of 2.54%. The ex-dividend date of this dividend was Friday, February 23rd. Snap-on's dividend payout ratio is 39.68%.
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.
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