Oregon Public Employees Retirement Fund Acquires 435 Shares of Snap-on Incorporated (NYSE:SNA)

Oregon Public Employees Retirement Fund boosted its holdings in shares of Snap-on Incorporated (NYSE:SNA) by 3.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 12,811 shares of the company’s stock after buying an additional 435 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in Snap-on were worth $2,122,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Norges Bank bought a new stake in Snap-on during the fourth quarter valued at approximately $62,430,000. Compass Capital Management Inc. grew its position in Snap-on by 4.8% during the first quarter. Compass Capital Management Inc. now owns 181,654 shares of the company’s stock valued at $28,432,000 after buying an additional 8,332 shares during the period. Robeco Institutional Asset Management B.V. grew its position in Snap-on by 8.1% during the first quarter. Robeco Institutional Asset Management B.V. now owns 61,617 shares of the company’s stock valued at $9,643,000 after buying an additional 4,592 shares during the period. FMR LLC grew its position in Snap-on by 2.1% during the first quarter. FMR LLC now owns 884,058 shares of the company’s stock valued at $138,372,000 after buying an additional 18,291 shares during the period. Finally, Mn Services Vermogensbeheer B.V. grew its position in Snap-on by 1.0% during the first quarter. Mn Services Vermogensbeheer B.V. now owns 31,176 shares of the company’s stock valued at $4,880,000 after buying an additional 300 shares during the period.

Shares of SNA traded down $0.53 during mid-day trading on Friday, reaching $149.25. The stock had a trading volume of 495,087 shares, compared to its average volume of 445,181. The firm has a market capitalization of $8.43 billion, a price-to-earnings ratio of 12.64, a price-to-earnings-growth ratio of 1.48 and a beta of 1.25. Snap-on Incorporated has a 12 month low of $135.29 and a 12 month high of $189.46. The business’s fifty day moving average price is $159.09. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.70 and a current ratio of 2.48.

Snap-on (NYSE:SNA) last posted its quarterly earnings results on Thursday, July 18th. The company reported $3.22 earnings per share for the quarter, topping the Zacks’ consensus estimate of $3.21 by $0.01. The business had revenue of $951.30 million during the quarter, compared to analyst estimates of $959.33 million. Snap-on had a net margin of 18.70% and a return on equity of 21.40%. The company’s revenue was down .3% on a year-over-year basis. During the same period in the prior year, the business posted $3.11 earnings per share. As a group, equities analysts anticipate that Snap-on Incorporated will post 12.31 earnings per share for the current fiscal year.

In other Snap-on news, SVP Anup R. Banerjee sold 2,800 shares of the company’s stock in a transaction that occurred on Monday, July 22nd. The shares were sold at an average price of $150.40, for a total value of $421,120.00. Following the completion of the transaction, the senior vice president now directly owns 128 shares in the company, valued at $19,251.20. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Chairman Nicholas T. Pinchuk sold 19,403 shares of the company’s stock in a transaction that occurred on Wednesday, June 19th. The stock was sold at an average price of $164.60, for a total transaction of $3,193,733.80. The disclosure for this sale can be found here. Corporate insiders own 3.90% of the company’s stock.

SNA has been the subject of several recent research reports. Tigress Financial restated a “buy” rating on shares of Snap-on in a research report on Wednesday, July 24th. Robert W. Baird set a $164.00 target price on shares of Snap-on and gave the company a “hold” rating in a research report on Friday, July 19th. Oppenheimer set a $180.00 target price on shares of Snap-on and gave the company a “buy” rating in a research report on Friday, July 19th. Northcoast Research reiterated a “neutral” rating on shares of Snap-on in a research report on Friday, May 17th. Finally, ValuEngine lowered shares of Snap-on from a “hold” rating to a “sell” rating in a research report on Friday, July 19th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $172.60.

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 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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