C WorldWide Group Holding A S raised its position in Snap-On Incorporated (NYSE:SNA) by 42.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,677 shares of the company’s stock after buying an additional 3,760 shares during the period. C WorldWide Group Holding A S’s holdings in Snap-On were worth $2,003,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Boston Partners acquired a new stake in shares of Snap-On during the second quarter worth $100,171,000. Schwab Charles Investment Management Inc. raised its stake in shares of Snap-On by 3.9% in the second quarter. Schwab Charles Investment Management Inc. now owns 257,225 shares of the company’s stock worth $40,642,000 after buying an additional 9,614 shares during the last quarter. Trexquant Investment LP acquired a new stake in shares of Snap-On during the second quarter worth $506,000. Morgan Dempsey Capital Management LLC raised its stake in shares of Snap-On by 63.7% in the second quarter. Morgan Dempsey Capital Management LLC now owns 676 shares of the company’s stock worth $107,000 after buying an additional 263 shares during the last quarter. Finally, Blue Sky Asset Management LLC acquired a new stake in shares of Snap-On during the second quarter worth $1,318,000. Institutional investors and hedge funds own 92.25% of the company’s stock.

Shares of Snap-On Incorporated (NYSE SNA) opened at 152.46 on Friday. Snap-On Incorporated has a 12 month low of $145.17 and a 12 month high of $181.73. The stock has a market cap of $8.78 billion, a price-to-earnings ratio of 15.78 and a beta of 1.05. The company has a 50-day moving average price of $154.18 and a 200-day moving average price of $164.25.

Snap-On (NYSE:SNA) last released its quarterly earnings results on Thursday, July 20th. The company reported $2.60 EPS for the quarter, topping the consensus estimate of $2.55 by $0.05. The company had revenue of $921.40 million for the quarter, compared to analyst estimates of $920.87 million. Snap-On had a return on equity of 20.90% and a net margin of 16.22%. The firm’s revenue was up 5.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.36 earnings per share. On average, analysts expect that Snap-On Incorporated will post $10.09 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, September 8th. Shareholders of record on Friday, August 18th will be given a dividend of $0.71 per share. This represents a $2.84 annualized dividend and a yield of 1.86%. The ex-dividend date of this dividend is Wednesday, August 16th. Snap-On’s dividend payout ratio (DPR) is 29.34%.

Snap-On declared that its board has approved a stock repurchase program on Monday, August 7th that permits the company to buyback $500.00 million in outstanding shares. This buyback authorization permits the company to buy shares of its stock through open market purchases. Shares buyback programs are typically an indication that the company’s leadership believes its stock is undervalued.

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A number of brokerages have recently weighed in on SNA. Robert W. Baird restated an “outperform” rating and set a $197.00 price target on shares of Snap-On in a research note on Wednesday, August 2nd. BidaskClub upgraded Snap-On from a “strong sell” rating to a “sell” rating in a research note on Monday, July 31st. FBR & Co set a $205.00 price target on Snap-On and gave the stock a “buy” rating in a research note on Friday, July 21st. Zacks Investment Research upgraded Snap-On from a “sell” rating to a “hold” rating in a research note on Wednesday, July 19th. Finally, Jefferies Group LLC restated a “hold” rating and set a $175.00 price target on shares of Snap-On in a research note on Thursday, July 6th. One analyst has rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $197.86.

In other Snap-On news, VP Iain Boyd sold 18,418 shares of Snap-On stock in a transaction that occurred on Monday, July 24th. The stock was sold at an average price of $147.54, for a total transaction of $2,717,391.72. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Ruth Ann M. Gillis purchased 265 shares of the business’s stock in a transaction on Friday, August 4th. The shares were purchased at an average cost of $152.58 per share, for a total transaction of $40,433.70. The disclosure for this purchase can be found here. Insiders own 3.70% of the company’s stock.

Snap-On Company Profile

Snap-on Incorporated is a manufacturer and marketer of tools, equipment, diagnostics, repair information and systems solutions. The Company’s segments include the Commercial & Industrial Group, the Snap-on Tools Group, the Repair Systems & Information Group, and Financial Services. The Commercial & Industrial Group consists of business operations serving a range of industrial and commercial customers, including customers in the aerospace, natural resources, government, power generation, transportation and technical education markets.

Institutional Ownership by Quarter for Snap-On (NYSE:SNA)

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