California State Teachers Retirement System Has $23.44 Million Stake in Snap-on Incorporated (NYSE:SNA)

California State Teachers Retirement System lowered its stake in shares of Snap-on Incorporated (NYSE:SNA) 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

A number of equities analysts have commented on the stock. Robert W. Baird reduced their price target on shares of Snap-on from $282.00 to $275.00 and set a “neutral” rating on the stock in a research report on Friday, July 12th. Roth Mkm restated a “buy” rating and issued a $324.00 price target on shares of Snap-on in a research report on Tuesday, July 16th. Barrington Research restated an “outperform” rating and issued a $325.00 price target on shares of Snap-on in a research report on Tuesday, July 16th. Finally, Tigress Financial reissued a “buy” rating and set a $336.00 price target on shares of Snap-on in a research note on Thursday, July 25th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $315.00.

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) 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.