California State Teachers Retirement System lowered its stake in shares of Snap-on Incorporated (NYSE:SNA – Free Report) by 1.1% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 79,116 shares of the company’s stock after selling 898 shares during the period. California State Teachers Retirement System owned about 0.15% of Snap-on worth $23,436,000 as of its most recent SEC filing.
A number of other institutional investors also recently modified their holdings of the stock. Earnest Partners LLC raised its holdings in shares of Snap-on by 9.9% during the 1st quarter. Earnest Partners LLC now owns 929,710 shares of the company’s stock valued at $275,399,000 after purchasing an additional 83,686 shares in the last quarter. Nordea Investment Management AB increased its holdings in shares of Snap-on by 3.2% during the 1st quarter. Nordea Investment Management AB now owns 891,994 shares of the company’s stock worth $265,217,000 after purchasing an additional 27,429 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of Snap-on by 0.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 773,087 shares of the company’s stock worth $223,304,000 after purchasing an additional 3,449 shares during the period. Envestnet Asset Management Inc. boosted its position in shares of Snap-on by 2.3% during the 4th quarter. Envestnet Asset Management Inc. now owns 755,445 shares of the company’s stock valued at $218,203,000 after acquiring an additional 16,972 shares in the last quarter. Finally, LSV Asset Management boosted its position in shares of Snap-on by 0.5% during the 1st quarter. LSV Asset Management now owns 674,341 shares of the company’s stock valued at $199,753,000 after acquiring an additional 3,535 shares in the last quarter. Institutional investors and hedge funds own 84.88% of the company’s stock.
Insider Buying and Selling at Snap-on
In other Snap-on news, CFO Aldo John Pagliari sold 5,978 shares of the stock in a transaction on 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 completion of the sale, the chief financial officer now owns 97,699 shares in the company, valued at $27,048,945.14. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, CFO Aldo John Pagliari sold 5,978 shares of the 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 transaction, the chief financial officer now directly owns 97,699 shares of the company’s stock, valued at $27,048,945.14. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Nicholas T. Pinchuk sold 24,220 shares of the stock in a transaction dated Tuesday, June 4th. The shares were sold at an average price of $266.80, for a total transaction of $6,461,896.00. Following the completion of the transaction, the chief executive officer now directly owns 750,663 shares in the company, valued at $200,276,888.40. The disclosure for this sale can be found here. Insiders sold a total of 38,632 shares of company stock worth $10,353,409 over the last quarter. 4.10% of the stock is currently owned by insiders.
Analyst Ratings Changes
Snap-on Stock Up 0.4 %
Shares of Snap-on stock traded up $1.27 on Thursday, hitting $288.30. The company had a trading volume of 16,532 shares, compared to its average volume of 300,842. Snap-on Incorporated has a twelve month low of $249.84 and a twelve month high of $298.49. The stock has a 50-day moving average of $267.86 and a 200-day moving average of $277.14. The firm has a market capitalization of $15.20 billion, a P/E ratio of 15.07, a P/E/G ratio of 1.98 and a beta of 0.98. The company has a debt-to-equity ratio of 0.22, a current ratio of 4.06 and a quick ratio of 3.05.
Snap-on (NYSE:SNA – Get Free Report) last announced its earnings results on Thursday, July 18th. The company reported $5.07 EPS for the quarter, topping 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 business had revenue of $1.18 billion during the quarter, compared to analysts’ expectations of $1.20 billion. During the same quarter in the prior year, the company posted $4.89 earnings per share. The firm’s revenue was down 1.0% on a year-over-year basis. Research analysts predict that Snap-on Incorporated will post 18.97 earnings per share for the current year.
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.
Further Reading
- Five stocks we like better than Snap-on
- What Are the FAANG Stocks and Are They Good Investments?
- Mastercard Stock’s Q2 Financial Results Outshine Competitors
- Insider Buying Explained: What Investors Need to Know
- Tobacco Giant’s Shares Fall on EPS Miss, Lackluster Pouch Gains
- What is a Bond Market Holiday? How to Invest and Trade
- Analysts Expect At Least 60% Upside In This Fintech
Receive News & Ratings for Snap-on Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Snap-on and related companies with MarketBeat.com's FREE daily email newsletter.