Royce & Associates LP Has $2.72 Million Stock Holdings in Snap-on Incorporated (NYSE:SNA)

Royce & Associates LP reduced its stake in shares of Snap-on Incorporated (NYSE:SNA) by 33.3% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 8,000 shares of the company’s stock after selling 4,000 shares during the quarter. Royce & Associates LP’s holdings in Snap-on were worth $2,716,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. UMB Bank n.a. grew its holdings in shares of Snap-on by 70.5% during the 4th quarter. UMB Bank n.a. now owns 75 shares of the company’s stock worth $25,000 after purchasing an additional 31 shares in the last quarter. SBI Securities Co. Ltd. acquired a new stake in shares of Snap-on during the 4th quarter worth $26,000. Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of Snap-on during the 4th quarter worth $28,000. Brooklyn Investment Group bought a new stake in shares of Snap-on during the 3rd quarter worth $39,000. Finally, Asset Planning Inc bought a new stake in shares of Snap-on during the 4th quarter worth $68,000. 84.88% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Snap-on

In other news, SVP Jesus Arregui sold 6,451 shares of the firm’s stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $337.81, for a total transaction of $2,179,212.31. Following the completion of the transaction, the senior vice president now directly owns 257 shares in the company, valued at $86,817.17. This trade represents a 96.17 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Aldo John Pagliari sold 6,860 shares of the firm’s stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $339.05, for a total value of $2,325,883.00. Following the transaction, the chief financial officer now owns 107,096 shares of the company’s stock, valued at $36,310,898.80. This trade represents a 6.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 4.10% of the stock is owned by corporate insiders.

Snap-on Price Performance

Snap-on stock opened at $330.03 on Friday. The company has a current ratio of 4.15, a quick ratio of 3.17 and a debt-to-equity ratio of 0.22. The company has a market capitalization of $17.30 billion, a PE ratio of 16.92, a P/E/G ratio of 2.21 and a beta of 0.99. Snap-on Incorporated has a 12 month low of $252.98 and a 12 month high of $373.90. The stock has a 50-day moving average price of $341.08 and a two-hundred day moving average price of $330.75.

Snap-on (NYSE:SNA) last posted its earnings results on Thursday, February 6th. The company reported $4.82 EPS for the quarter, beating the consensus estimate 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 prior year, the firm earned $4.75 earnings per share. Analysts expect that Snap-on Incorporated will post 19.79 EPS for the current year.

Snap-on Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Monday, February 24th were given a $2.14 dividend. The ex-dividend date of this dividend was Monday, February 24th. This represents a $8.56 annualized dividend and a yield of 2.59%. Snap-on’s dividend payout ratio is presently 43.90%.

Analyst Ratings Changes

SNA has been the subject of several recent analyst reports. Barrington Research restated an “outperform” rating and set a $350.00 price objective on shares of Snap-on in a research report on Monday, February 10th. Tigress Financial upped their price objective on Snap-on from $385.00 to $390.00 and gave the stock a “buy” rating in a research report on Tuesday, March 4th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, Snap-on presently has a consensus rating of “Hold” and a consensus price target of $346.40.

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.