Unigestion Holding SA Grows Stake in Snap-on Incorporated (NYSE:SNA)

Unigestion Holding SA boosted its position in Snap-on Incorporated (NYSE:SNA) by 3,187.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 32,873 shares of the company’s stock after purchasing an additional 31,873 shares during the period. Unigestion Holding SA owned about 0.06% of Snap-on worth $9,524,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Asset Management One Co. Ltd. lifted its stake in shares of Snap-on by 0.3% during the 3rd quarter. Asset Management One Co. Ltd. now owns 19,896 shares of the company’s stock valued at $5,764,000 after buying an additional 67 shares in the last quarter. SG Americas Securities LLC grew its holdings in Snap-on by 32.7% during the 2nd quarter. SG Americas Securities LLC now owns 13,140 shares of the company’s stock valued at $3,435,000 after buying an additional 3,238 shares in the last quarter. Strategic Financial Concepts LLC purchased a new stake in shares of Snap-on in the second quarter worth about $3,653,000. Victory Capital Management Inc. boosted its position in shares of Snap-on by 21.5% in the third quarter. Victory Capital Management Inc. now owns 158,777 shares of the company’s stock valued at $45,999,000 after acquiring an additional 28,049 shares during the period. Finally, Empirical Finance LLC boosted its holdings in Snap-on by 105.5% in the 2nd quarter. Empirical Finance LLC now owns 3,994 shares of the company’s stock valued at $1,044,000 after purchasing an additional 2,050 shares during the period. 84.88% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, VP Richard Thomas Miller sold 1,750 shares of the firm’s stock in a transaction that occurred on Friday, October 18th. The shares were sold at an average price of $330.00, for a total value of $577,500.00. Following the transaction, the vice president now owns 3,218 shares of the company’s stock, valued at approximately $1,061,940. This trade represents a 35.23 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Iain Boyd sold 6,044 shares of the business’s stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $298.99, for a total transaction of $1,807,095.56. Following the sale, the vice president now owns 10,493 shares of the company’s stock, valued at $3,137,302.07. This trade represents a 36.55 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 45,814 shares of company stock valued at $15,627,963 over the last 90 days. Company insiders own 4.10% of the company’s stock.

Analyst Upgrades and Downgrades

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

Snap-on Stock Performance

Shares of SNA opened at $354.78 on Wednesday. Snap-on Incorporated has a 12 month low of $252.98 and a 12 month high of $373.89. The business’s fifty day simple moving average is $336.71 and its two-hundred day simple moving average is $295.60. 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 company has a market cap of $18.63 billion, a price-to-earnings ratio of 18.26, a P/E/G ratio of 2.37 and a beta of 0.98.

Snap-on (NYSE:SNA) last released its quarterly earnings data on Thursday, October 17th. The company reported $4.70 earnings per share for the quarter, beating the consensus estimate of $4.58 by $0.12. Snap-on had a net margin of 22.13% and a return on equity of 19.44%. The firm had revenue of $1.15 billion during the quarter, compared to analysts’ expectations of $1.16 billion. Research analysts anticipate that Snap-on Incorporated will post 19.05 earnings per share for the current fiscal year.

Snap-on Increases Dividend

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

Snap-on 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.