LGT Group Foundation Has $487,000 Stock Holdings in Snap-on Incorporated (NYSE:SNA)

LGT Group Foundation increased its holdings in shares of Snap-on Incorporated (NYSE:SNA) by 68.6% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 1,435 shares of the company’s stock after purchasing an additional 584 shares during the period. LGT Group Foundation’s holdings in Snap-on were worth $487,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in SNA. First Trust Direct Indexing L.P. lifted its position in shares of Snap-on by 11.6% during the 3rd quarter. First Trust Direct Indexing L.P. now owns 1,348 shares of the company’s stock worth $391,000 after purchasing an additional 140 shares during the last quarter. Pinnacle Associates Ltd. acquired a new position in Snap-on in the 3rd quarter valued at approximately $214,000. Janney Montgomery Scott LLC raised its holdings in Snap-on by 2.0% in the 3rd quarter. Janney Montgomery Scott LLC now owns 23,102 shares of the company’s stock valued at $6,693,000 after acquiring an additional 455 shares in the last quarter. Van ECK Associates Corp raised its holdings in Snap-on by 11.0% in the 3rd quarter. Van ECK Associates Corp now owns 9,617 shares of the company’s stock valued at $2,786,000 after acquiring an additional 953 shares in the last quarter. Finally, National Pension Service raised its holdings in Snap-on by 4.3% in the 3rd quarter. National Pension Service now owns 113,516 shares of the company’s stock valued at $32,887,000 after acquiring an additional 4,710 shares in the last quarter. Institutional investors and hedge funds own 84.88% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Barrington Research reaffirmed an “outperform” rating and issued a $350.00 price target on shares of Snap-on in a report on Monday, February 10th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $345.40.

Insider Transactions at Snap-on

In other news, SVP Jesus Arregui sold 6,451 shares of the stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $337.81, for a total value of $2,179,212.31. Following the completion of the transaction, the senior vice president now directly owns 257 shares of the company’s stock, valued at approximately $86,817.17. This represents a 96.17 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Nicholas T. Pinchuk sold 21,783 shares of the stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $354.83, for a total value of $7,729,261.89. Following the completion of the transaction, the chief executive officer now directly owns 769,738 shares of the company’s stock, valued at approximately $273,126,134.54. The trade was a 2.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 45,503 shares of company stock valued at $15,906,074. Corporate insiders own 4.10% of the company’s stock.

Snap-on Trading Down 2.3 %

Snap-on stock opened at $333.45 on Tuesday. Snap-on Incorporated has a 12 month low of $252.98 and a 12 month high of $373.89. The company has a quick ratio of 3.17, a current ratio of 4.15 and a debt-to-equity ratio of 0.22. The business has a 50 day moving average price of $343.25 and a two-hundred day moving average price of $326.29. The stock has a market cap of $17.47 billion, a price-to-earnings ratio of 17.10, a price-to-earnings-growth ratio of 2.21 and a beta of 0.99.

Snap-on (NYSE:SNA) last issued its earnings results on Thursday, February 6th. The company reported $4.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.78 by $0.04. Snap-on had a return on equity of 19.20% and a net margin of 21.71%. During the same period in the previous year, the firm posted $4.75 earnings per share. As a group, equities analysts forecast that Snap-on Incorporated will post 19.79 EPS for the current year.

Snap-on Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Monday, February 24th will be issued a $2.14 dividend. The ex-dividend date of this dividend is Monday, February 24th. This represents a $8.56 dividend on an annualized basis and a dividend yield of 2.57%. Snap-on’s payout ratio is presently 43.90%.

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.