Barclays PLC Has $29.04 Million Holdings in Snap-on Incorporated (NYSE:SNA)

Barclays PLC increased its position in Snap-on Incorporated (NYSE:SNA) by 1.8% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 100,262 shares of the company’s stock after purchasing an additional 1,803 shares during the period. Barclays PLC owned about 0.19% of Snap-on worth $29,044,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Assenagon Asset Management S.A. raised its position in Snap-on by 248.8% during the second quarter. Assenagon Asset Management S.A. now owns 48,697 shares of the company’s stock valued at $12,729,000 after buying an additional 34,737 shares during the period. Blue Trust Inc. increased its holdings in shares of Snap-on by 15.1% in the 2nd quarter. Blue Trust Inc. now owns 2,946 shares of the company’s stock valued at $770,000 after purchasing an additional 387 shares during the period. Brookstone Capital Management purchased a new stake in shares of Snap-on in the second quarter worth approximately $246,000. Hennion & Walsh Asset Management Inc. boosted its holdings in shares of Snap-on by 84.6% during the second quarter. Hennion & Walsh Asset Management Inc. now owns 2,630 shares of the company’s stock worth $687,000 after purchasing an additional 1,205 shares during the period. Finally, Apollon Wealth Management LLC grew its position in Snap-on by 8.0% during the second quarter. Apollon Wealth Management LLC now owns 7,375 shares of the company’s stock valued at $1,928,000 after purchasing an additional 544 shares in the last quarter. 84.88% of the stock is currently owned by hedge funds and other institutional investors.

Snap-on Trading Down 0.1 %

Shares of NYSE:SNA opened at $355.11 on Friday. Snap-on Incorporated has a 1 year low of $252.98 and a 1 year high of $373.89. The firm has a fifty day moving average price of $340.72 and a 200 day moving average price of $297.02. The company has a current ratio of 4.18, a quick ratio of 3.14 and a debt-to-equity ratio of 0.22. The stock has a market capitalization of $18.65 billion, a PE ratio of 18.28, a P/E/G ratio of 2.35 and a beta of 0.98.

Snap-on (NYSE:SNA) last issued its quarterly earnings data on Thursday, October 17th. The company reported $4.70 EPS for the quarter, beating analysts’ consensus estimates of $4.58 by $0.12. Snap-on had a return on equity of 19.44% and a net margin of 22.13%. The business had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.16 billion. Analysts expect that Snap-on Incorporated will post 19.05 EPS for the current fiscal year.

Snap-on Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Thursday, November 21st were paid a $2.14 dividend. This represents a $8.56 dividend on an annualized basis and a dividend yield of 2.41%. This is a boost from Snap-on’s previous quarterly dividend of $1.86. The ex-dividend date was Thursday, November 21st. Snap-on’s payout ratio is presently 44.06%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on SNA shares. Barrington Research lifted their target price on shares of Snap-on from $325.00 to $350.00 and gave the company an “outperform” rating in a research note on Thursday, October 17th. Robert W. Baird lifted their price objective on Snap-on from $290.00 to $347.00 and gave the company a “neutral” rating in a research report on Friday, October 18th. Roth Mkm boosted their target price on Snap-on from $324.00 to $365.00 and gave the company a “buy” rating in a research note on Tuesday, October 22nd. Bank of America raised their price target on Snap-on from $255.00 to $280.00 and gave the stock an “underperform” rating in a research note on Friday, October 18th. Finally, Tigress Financial boosted their price target on Snap-on from $336.00 to $385.00 and gave the company a “buy” rating in a research note on Friday, October 25th. One analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, Snap-on has a consensus rating of “Hold” and an average target price of $345.40.

Insider Buying and Selling

In other Snap-on news, CEO Nicholas T. Pinchuk sold 21,783 shares of the business’s stock in a transaction on Monday, December 9th. The shares were sold at an average price of $354.83, for a total transaction of $7,729,261.89. Following the completion of the transaction, the chief executive officer now owns 769,738 shares of the company’s stock, valued at $273,126,134.54. The trade was a 2.75 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Iain Boyd sold 6,044 shares of the firm’s stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $298.99, for a total value of $1,807,095.56. Following the completion of the sale, the vice president now directly owns 10,493 shares in the company, valued at approximately $3,137,302.07. This represents a 36.55 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 45,814 shares of company stock valued at $15,627,963. Company insiders own 4.10% of the company’s stock.

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 & Industrial Group, Snap-on Tools Group, Repair Systems & Information Group, and Financial Services segments.