Snap-on Incorporated (NYSE:SNA) Shares Acquired by Bokf Na

Bokf Na lifted its stake in shares of Snap-on Incorporated (NYSE:SNA) by 3.7% in the first quarter, Holdings Channel reports. The institutional investor owned 8,088 shares of the company’s stock after buying an additional 285 shares during the quarter. Bokf Na’s holdings in Snap-on were worth $2,383,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in SNA. Pacer Advisors Inc. grew its position in shares of Snap-on by 37.2% during the fourth quarter. Pacer Advisors Inc. now owns 4,698 shares of the company’s stock worth $1,357,000 after buying an additional 1,274 shares in the last quarter. Assenagon Asset Management S.A. grew its position in shares of Snap-on by 175.5% during the fourth quarter. Assenagon Asset Management S.A. now owns 22,195 shares of the company’s stock worth $6,411,000 after buying an additional 14,138 shares in the last quarter. Blue Trust Inc. grew its position in shares of Snap-on by 9.9% during the fourth quarter. Blue Trust Inc. now owns 2,476 shares of the company’s stock worth $715,000 after buying an additional 224 shares in the last quarter. Caprock Group LLC acquired a new stake in shares of Snap-on during the fourth quarter worth approximately $1,203,000. Finally, Pinnacle Associates Ltd. acquired a new stake in shares of Snap-on during the fourth quarter worth approximately $214,000. Institutional investors and hedge funds own 84.88% of the company’s stock.

Snap-on Stock Performance

Snap-on stock traded up $7.19 during mid-day trading on Friday, reaching $280.66. The company’s stock had a trading volume of 258,932 shares, compared to its average volume of 348,910. Snap-on Incorporated has a twelve month low of $249.84 and a twelve month high of $298.49. The firm has a market cap of $14.79 billion, a price-to-earnings ratio of 14.73, a PEG ratio of 1.94 and a beta of 0.98. The company has a current ratio of 4.06, a quick ratio of 3.05 and a debt-to-equity ratio of 0.22. The business has a 50 day moving average price of $267.66 and a 200-day moving average price of $277.22.

Snap-on (NYSE:SNA) last announced its quarterly earnings results on Thursday, July 18th. The company reported $5.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.94 by $0.13. Snap-on had a net margin of 21.90% and a return on equity of 19.90%. The company had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.20 billion. During the same quarter in the previous year, the company posted $4.89 earnings per share. The company’s revenue for the quarter was down 1.0% compared to the same quarter last year. Sell-side analysts predict that Snap-on Incorporated will post 18.97 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on SNA shares. Roth Mkm reaffirmed a “buy” rating and issued a $324.00 price objective on shares of Snap-on in a report on Tuesday, July 16th. Barrington Research reaffirmed an “outperform” rating and issued a $325.00 price objective on shares of Snap-on in a report on Tuesday, July 16th. Robert W. Baird decreased their price objective on shares of Snap-on from $282.00 to $275.00 and set a “neutral” rating for the company in a report on Friday, July 12th. Finally, Tigress Financial reaffirmed a “buy” rating and issued a $336.00 price objective on shares of Snap-on in a report on Thursday. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, Snap-on currently has a consensus rating of “Moderate Buy” and an average target price of $315.00.

Insider Activity at Snap-on

In other Snap-on news, CFO Aldo John Pagliari sold 5,978 shares of the business’s stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of $276.86, for a total value of $1,655,069.08. Following the sale, the chief financial officer now directly owns 97,699 shares in the company, valued at $27,048,945.14. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Snap-on news, CFO Aldo John Pagliari sold 5,978 shares of the business’s stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of $276.86, for a total value of $1,655,069.08. Following the sale, the chief financial officer now directly owns 97,699 shares in the company, valued at $27,048,945.14. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Nicholas T. Pinchuk sold 24,220 shares of the business’s stock in a transaction dated Tuesday, June 4th. The stock was sold at an average price of $266.80, for a total transaction of $6,461,896.00. Following the completion of the sale, the chief executive officer now owns 750,663 shares in the company, valued at $200,276,888.40. The disclosure for this sale can be found here. Insiders have sold a total of 38,632 shares of company stock worth $10,353,409 over the last ninety days. 4.10% of the stock is currently owned by corporate insiders.

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.