Axa S.A. Sells 9,548 Shares of Snap-on Incorporated (NYSE:SNA)

Axa S.A. decreased its position in Snap-on Incorporated (NYSE:SNA) by 30.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 21,374 shares of the company’s stock after selling 9,548 shares during the quarter. Axa S.A.’s holdings in Snap-on were worth $7,256,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. UMB Bank n.a. lifted its stake in Snap-on by 70.5% in the 4th quarter. UMB Bank n.a. now owns 75 shares of the company’s stock valued at $25,000 after acquiring an additional 31 shares in the last quarter. SBI Securities Co. Ltd. acquired a new stake in shares of Snap-on in the fourth quarter valued at approximately $26,000. Migdal Insurance & Financial Holdings Ltd. acquired a new position in Snap-on during the fourth quarter worth $28,000. CoreFirst Bank & Trust bought a new position in Snap-on in the fourth quarter valued at $40,000. Finally, TCTC Holdings LLC increased its stake in Snap-on by 41.3% in the 4th quarter. TCTC Holdings LLC now owns 147 shares of the company’s stock valued at $50,000 after buying an additional 43 shares during the last quarter. 84.88% of the stock is currently owned by institutional investors.

Insider Activity at Snap-on

In other Snap-on news, SVP Jesus Arregui sold 6,451 shares of the company’s stock in a transaction on Monday, February 10th. The stock was sold at an average price of $337.81, for a total value of $2,179,212.31. Following the transaction, the senior vice president now directly owns 257 shares of the company’s stock, valued at $86,817.17. This represents a 96.17 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO Aldo John Pagliari sold 6,860 shares of the stock in a transaction on 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 in the company, valued at $36,310,898.80. The trade was a 6.02 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 36,011 shares of company stock worth $12,116,859. Insiders own 3.90% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Longbow Research upgraded shares of Snap-on from a “neutral” rating to a “buy” rating and set a $400.00 price objective for the company in a research note on Monday, March 31st. StockNews.com cut Snap-on from a “buy” rating to a “hold” rating in a research report on Friday, April 18th. Robert W. Baird lowered their price target on Snap-on from $349.00 to $320.00 and set a “neutral” rating on the stock in a research report on Monday, April 21st. Barrington Research reiterated an “outperform” rating and set a $350.00 price objective on shares of Snap-on in a research note on Thursday, April 17th. Finally, Tigress Financial raised their target price on shares of Snap-on from $385.00 to $390.00 and gave the company a “buy” rating in a research note on Tuesday, March 4th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $350.83.

Snap-on Price Performance

NYSE:SNA opened at $311.63 on Wednesday. Snap-on Incorporated has a 12-month low of $252.98 and a 12-month high of $373.90. The firm has a market capitalization of $16.30 billion, a price-to-earnings ratio of 15.98, a P/E/G ratio of 2.21 and a beta of 0.78. The stock’s 50 day moving average price is $324.51 and its two-hundred day moving average price is $339.05. The company has a quick ratio of 3.17, a current ratio of 4.15 and a debt-to-equity ratio of 0.22.

Snap-on (NYSE:SNA) last posted its quarterly earnings results on Thursday, April 17th. The company reported $4.51 earnings per share for the quarter, missing analysts’ consensus estimates of $4.81 by ($0.30). Snap-on had a net margin of 21.71% and a return on equity of 19.20%. The business had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.20 billion. During the same quarter last year, the company posted $4.91 EPS. On average, analysts anticipate that Snap-on Incorporated will post 19.79 earnings per share for the current year.

Snap-on Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Tuesday, May 20th will be issued a dividend of $2.14 per share. This represents a $8.56 annualized dividend and a dividend yield of 2.75%. The ex-dividend date of this dividend is Tuesday, May 20th. Snap-on’s payout ratio is 44.82%.

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.