Snap-on Incorporated (NYSE:SNA) Shares Acquired by Tower Research Capital LLC TRC

Tower Research Capital LLC TRC lifted its holdings in shares of Snap-on Incorporated (NYSE:SNA) by 7.1% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,896 shares of the company’s stock after purchasing an additional 125 shares during the quarter. Tower Research Capital LLC TRC’s holdings in Snap-on were worth $314,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of SNA. KCL Capital L.P. acquired a new position in Snap-on in the first quarter valued at $12,122,000. BlackRock Inc. boosted its holdings in Snap-on by 21.0% in the first quarter. BlackRock Inc. now owns 5,476,063 shares of the company’s stock valued at $857,113,000 after acquiring an additional 950,400 shares during the last quarter. DekaBank Deutsche Girozentrale boosted its holdings in Snap-on by 488.4% in the first quarter. DekaBank Deutsche Girozentrale now owns 146,465 shares of the company’s stock valued at $26,191,000 after acquiring an additional 121,573 shares during the last quarter. Investec Asset Management LTD boosted its holdings in Snap-on by 16.5% in the second quarter. Investec Asset Management LTD now owns 703,954 shares of the company’s stock valued at $116,603,000 after acquiring an additional 99,944 shares during the last quarter. Finally, LSV Asset Management boosted its holdings in Snap-on by 64.2% in the second quarter. LSV Asset Management now owns 249,530 shares of the company’s stock valued at $41,332,000 after acquiring an additional 97,600 shares during the last quarter.

In other news, CEO Nicholas T. Pinchuk sold 19,675 shares of Snap-on stock in a transaction dated Thursday, September 19th. The stock was sold at an average price of $155.46, for a total transaction of $3,058,675.50. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Anup R. Banerjee sold 2,800 shares of Snap-on stock in a transaction dated Monday, July 22nd. The stock was sold at an average price of $150.40, for a total value of $421,120.00. Following the sale, the senior vice president now directly owns 128 shares in the company, valued at $19,251.20. The disclosure for this sale can be found here. Company insiders own 3.90% of the company’s stock.

A number of research analysts recently weighed in on the company. Barrington Research reiterated a “buy” rating and issued a $185.00 target price on shares of Snap-on in a report on Wednesday, May 29th. Robert W. Baird set a $164.00 target price on Snap-on and gave the company a “hold” rating in a report on Friday, July 19th. Zacks Investment Research cut Snap-on from a “hold” rating to a “sell” rating and set a $166.00 target price on the stock. in a report on Tuesday, July 16th. ValuEngine upgraded Snap-on from a “sell” rating to a “hold” rating in a report on Tuesday, September 10th. Finally, Oppenheimer set a $180.00 target price on Snap-on and gave the company a “buy” rating in a report on Friday, July 19th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $172.60.

NYSE:SNA traded up $0.57 during mid-day trading on Friday, hitting $155.71. The company had a trading volume of 404,009 shares, compared to its average volume of 329,367. The business has a fifty day simple moving average of $151.14 and a 200-day simple moving average of $158.07. The company has a current ratio of 2.48, a quick ratio of 1.70 and a debt-to-equity ratio of 0.30. Snap-on Incorporated has a 1 year low of $135.29 and a 1 year high of $189.46. The firm has a market capitalization of $8.57 billion, a price-to-earnings ratio of 13.18, a PEG ratio of 1.45 and a beta of 1.25.

Snap-on (NYSE:SNA) last released its quarterly earnings data on Thursday, July 18th. The company reported $3.22 EPS for the quarter, beating the consensus estimate of $3.21 by $0.01. Snap-on had a return on equity of 21.40% and a net margin of 18.70%. The company had revenue of $951.30 million for the quarter, compared to analyst estimates of $959.33 million. During the same period last year, the company posted $3.11 earnings per share. The firm’s revenue was down .3% compared to the same quarter last year. As a group, research analysts anticipate that Snap-on Incorporated will post 12.27 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Tuesday, August 20th were given a $0.95 dividend. This represents a $3.80 annualized dividend and a yield of 2.44%. The ex-dividend date of this dividend was Monday, August 19th. Snap-on’s dividend payout ratio (DPR) is presently 32.18%.

Snap-on Company 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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