Unigestion Holding SA reduced its stake in shares of Snap-on Incorporated (NYSE:SNA) by 24.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,780 shares of the company’s stock after selling 571 shares during the quarter. Unigestion Holding SA’s holdings in Snap-on were worth $279,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also modified their holdings of SNA. Bank of America Corp DE raised its position in Snap-on by 12.7% during the second quarter. Bank of America Corp DE now owns 3,487,031 shares of the company’s stock valued at $577,591,000 after acquiring an additional 392,665 shares in the last quarter. Nuveen Asset Management LLC raised its position in Snap-on by 5,391.2% during the second quarter. Nuveen Asset Management LLC now owns 256,327 shares of the company’s stock valued at $42,458,000 after acquiring an additional 251,659 shares in the last quarter. Price T Rowe Associates Inc. MD raised its position in Snap-on by 89.5% during the second quarter. Price T Rowe Associates Inc. MD now owns 324,381 shares of the company’s stock valued at $53,730,000 after acquiring an additional 153,243 shares in the last quarter. Investec Asset Management LTD raised its position in Snap-on by 16.5% during the second quarter. Investec Asset Management LTD now owns 703,954 shares of the company’s stock valued at $116,603,000 after acquiring an additional 99,944 shares in the last quarter. Finally, LSV Asset Management raised its position in Snap-on by 64.2% during the second quarter. LSV Asset Management now owns 249,530 shares of the company’s stock valued at $41,332,000 after acquiring an additional 97,600 shares in the last quarter.

In related news, CEO Nicholas T. Pinchuk sold 19,675 shares of the business’s stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $155.46, for a total transaction of $3,058,675.50. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Iain Boyd sold 777 shares of the business’s stock in a transaction on Wednesday, October 23rd. The stock was sold at an average price of $165.00, for a total transaction of $128,205.00. The disclosure for this sale can be found here. Company insiders own 3.90% of the company’s stock.

A number of research firms have recently commented on SNA. Robert W. Baird reissued a “hold” rating and issued a $169.00 price target on shares of Snap-on in a research report on Friday, October 18th. Barrington Research reissued a “buy” rating and issued a $185.00 price target on shares of Snap-on in a research report on Thursday, October 17th. Zacks Investment Research lowered shares of Snap-on from a “hold” rating to a “sell” rating and set a $166.00 price target on the stock. in a research report on Tuesday, July 16th. Tigress Financial reissued a “buy” rating on shares of Snap-on in a research report on Friday, October 25th. Finally, Oppenheimer set a $180.00 price target on shares of Snap-on and gave the company a “buy” rating in a research report on Friday, July 19th. Two analysts have rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $173.60.

Shares of NYSE:SNA traded down $0.03 during trading on Friday, reaching $166.94. The stock had a trading volume of 490,836 shares, compared to its average volume of 518,672. Snap-on Incorporated has a 52 week low of $135.29 and a 52 week high of $174.00. The firm has a market capitalization of $9.22 billion, a price-to-earnings ratio of 14.14, a P/E/G ratio of 1.61 and a beta of 1.24. The company has a quick ratio of 1.61, a current ratio of 2.37 and a debt-to-equity ratio of 0.30. The stock has a fifty day simple moving average of $159.44 and a two-hundred day simple moving average of $158.51.

Snap-on (NYSE:SNA) last released its quarterly earnings results on Thursday, October 17th. The company reported $2.96 EPS for the quarter, beating the Zacks’ consensus estimate of $2.94 by $0.02. Snap-on had a net margin of 18.72% and a return on equity of 21.16%. The company had revenue of $901.80 million for the quarter, compared to analyst estimates of $909.23 million. During the same quarter last year, the firm posted $2.88 earnings per share. The company’s quarterly revenue was up .4% compared to the same quarter last year. On average, analysts forecast that Snap-on Incorporated will post 12.26 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Wednesday, November 20th will be given a $1.08 dividend. This is a positive change from Snap-on’s previous quarterly dividend of $0.95. This represents a $4.32 dividend on an annualized basis and a dividend yield of 2.59%. Snap-on’s dividend payout ratio (DPR) is currently 32.18%.

About Snap-on

Snap-on Incorporated manufactures and markets tools, equipment, diagnostics, and repair information and systems solutions for professional users worldwide. It operates through Commercial and Industrial Group, Snap-on Tools Group, and Repair Systems & Information Group segments. The company offers hand tools, including wrenches, sockets, ratchet wrenches, pliers, screwdrivers, punches and chisels, saws and cutting tools, pruning tools, torque measuring instruments, and other products; power tools, such as cordless, pneumatic, hydraulic, and corded tools; and tool storage products comprising tool chests, roll cabinets, and other products.

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

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