Snap-on Incorporated (SNA) Stake Increased by DekaBank Deutsche Girozentrale

DekaBank Deutsche Girozentrale grew its holdings in shares of Snap-on Incorporated (NYSE:SNA) by 10.5% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 146,465 shares of the company’s stock after acquiring an additional 13,900 shares during the period. DekaBank Deutsche Girozentrale owned about 0.26% of Snap-on worth $26,191,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the company. Synovus Financial Corp grew its stake in Snap-on by 6.3% in the third quarter. Synovus Financial Corp now owns 5,502 shares of the company’s stock worth $1,010,000 after purchasing an additional 326 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. grew its stake in Snap-on by 104.3% in the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 670 shares of the company’s stock worth $123,000 after purchasing an additional 342 shares in the last quarter. D.A. Davidson & CO. grew its stake in Snap-on by 3.9% in the second quarter. D.A. Davidson & CO. now owns 9,735 shares of the company’s stock worth $1,565,000 after purchasing an additional 366 shares in the last quarter. Creative Planning grew its stake in Snap-on by 6.1% in the third quarter. Creative Planning now owns 6,465 shares of the company’s stock worth $1,187,000 after purchasing an additional 374 shares in the last quarter. Finally, Penserra Capital Management LLC grew its stake in Snap-on by 16.5% in the third quarter. Penserra Capital Management LLC now owns 2,668 shares of the company’s stock worth $489,000 after purchasing an additional 377 shares in the last quarter.

NYSE:SNA opened at $161.00 on Friday. The stock has a market capitalization of $9.02 billion, a P/E ratio of 14.00, a PEG ratio of 1.31 and a beta of 1.29. Snap-on Incorporated has a one year low of $141.63 and a one year high of $189.46. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.31 and a quick ratio of 1.59.

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

The business also recently announced a quarterly dividend, which will be paid on Monday, December 10th. Shareholders of record on Tuesday, November 20th will be paid a $0.95 dividend. This is an increase from Snap-on’s previous quarterly dividend of $0.82. This represents a $3.80 dividend on an annualized basis and a yield of 2.36%. The ex-dividend date is Monday, November 19th. Snap-on’s payout ratio is presently 37.55%.

SNA has been the subject of a number of research reports. Barrington Research reiterated a “buy” rating and issued a $200.00 price target on shares of Snap-on in a research note on Monday, August 20th. Zacks Investment Research upgraded Snap-on from a “hold” rating to a “buy” rating and set a $208.00 price target for the company in a research note on Thursday, October 4th. Finally, Robert W. Baird decreased 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. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $195.40.

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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. 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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