Midas Management Corp purchased a new position in shares of Snap-on Incorporated (NYSE:SNA) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 18,000 shares of the company’s stock, valued at approximately $3,138,000. Snap-on comprises 1.2% of Midas Management Corp’s investment portfolio, making the stock its 17th biggest position.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Mountain Pacific Investment Advisers Inc. ID increased its stake in shares of Snap-on by 0.4% during the 4th quarter. Mountain Pacific Investment Advisers Inc. ID now owns 154,465 shares of the company’s stock worth $26,923,000 after purchasing an additional 605 shares during the last quarter. Bredin Investment LLC acquired a new position in shares of Snap-on during the 4th quarter worth $898,000. Palo Capital Inc. increased its stake in shares of Snap-on by 53.8% during the 4th quarter. Palo Capital Inc. now owns 16,923 shares of the company’s stock worth $2,950,000 after purchasing an additional 5,921 shares during the last quarter. Reinhart Partners Inc. increased its stake in shares of Snap-on by 12.6% during the 4th quarter. Reinhart Partners Inc. now owns 137,091 shares of the company’s stock worth $23,895,000 after purchasing an additional 15,333 shares during the last quarter. Finally, State of Alaska Department of Revenue increased its stake in shares of Snap-on by 55.3% during the 4th quarter. State of Alaska Department of Revenue now owns 10,025 shares of the company’s stock worth $1,745,000 after purchasing an additional 3,570 shares during the last quarter. Institutional investors own 99.43% of the company’s stock.

In related news, CEO Nicholas T. Pinchuk sold 20,680 shares of the firm’s stock in a transaction on Friday, December 28th. The shares were sold at an average price of $174.55, for a total value of $3,609,694.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 3.70% of the company’s stock.

Snap-on Incorporated (NYSE:SNA) traded down $0.10 during trading hours on Tuesday, reaching $182.69. 511,000 shares of the company were exchanged, compared to its average volume of 590,743. Snap-on Incorporated has a 1-year low of $140.83 and a 1-year high of $185.47. The company has a quick ratio of 1.22, a current ratio of 1.75 and a debt-to-equity ratio of 0.26. The firm has a market cap of $10,410.00, a price-to-earnings ratio of 18.78, a PEG ratio of 1.39 and a beta of 1.14.

Several brokerages have recently commented on SNA. Zacks Investment Research lowered shares of Snap-on from a “buy” rating to a “hold” rating in a research note on Friday, January 12th. B. Riley restated a “buy” rating and set a $205.00 price target on shares of Snap-on in a research note on Thursday, January 4th. Barrington Research upgraded shares of Snap-on from a “market perform” rating to an “outperform” rating and set a $185.00 price target on the stock in a research note on Monday, October 23rd. Jefferies Group restated a “hold” rating and set a $175.00 price target on shares of Snap-on in a research note on Friday, November 3rd. Finally, Oppenheimer restated a “buy” rating and set a $177.00 price target on shares of Snap-on in a research note on Thursday, October 19th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and eight have issued a buy rating to the stock. Snap-on currently has a consensus rating of “Buy” and an average target price of $195.00.

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About Snap-on

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.

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

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