Nicholas Co. Inc. WI reduced its stake in Snap-On Incorporated (NYSE:SNA) by 0.4% during the fourth quarter, Holdings Channel reports. The firm owned 796,240 shares of the company’s stock after selling 2,835 shares during the period. Snap-On accounts for about 3.0% of Nicholas Co. Inc. WI’s portfolio, making the stock its largest position. Nicholas Co. Inc. WI owned approximately 1.37% of Snap-On worth $136,372,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Sumitomo Mitsui Asset Management Company LTD raised its position in Snap-On by 0.8% in the second quarter. Sumitomo Mitsui Asset Management Company LTD now owns 4,447 shares of the company’s stock valued at $701,000 after buying an additional 36 shares during the period. Sumitomo Mitsui Trust Holdings Inc. raised its position in Snap-On by 0.6% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 177,147 shares of the company’s stock valued at $27,957,000 after buying an additional 1,120 shares during the period. Eads & Heald Investment Counsel raised its position in Snap-On by 114.9% in the second quarter. Eads & Heald Investment Counsel now owns 4,297 shares of the company’s stock valued at $678,000 after buying an additional 2,297 shares during the period. Channing Capital Management LLC raised its position in Snap-On by 3.6% in the second quarter. Channing Capital Management LLC now owns 159,626 shares of the company’s stock valued at $25,192,000 after buying an additional 5,480 shares during the period. Finally, Reilly Herbert Faulkner III acquired a new position in Snap-On during the second quarter valued at about $4,537,000. Hedge funds and other institutional investors own 88.03% of the company’s stock.

Institutional Ownership by Quarter for Snap-On (NYSE:SNA)

Snap-On Incorporated (NYSE:SNA) traded down 1.16% during trading on Thursday, reaching $173.31. 585,931 shares of the company were exchanged. The firm has a 50-day moving average of $174.01 and a 200-day moving average of $162.02. Snap-On Incorporated has a 52-week low of $142.55 and a 52-week high of $181.73. The firm has a market cap of $10.05 billion, a price-to-earnings ratio of 18.84 and a beta of 1.06.

Snap-On (NYSE:SNA) last announced its earnings results on Thursday, February 2nd. The company reported $2.47 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.41 by $0.06. Snap-On had a net margin of 15.93% and a return on equity of 20.89%. The company had revenue of $889.80 million for the quarter, compared to analyst estimates of $884.09 million. During the same period in the prior year, the business earned $2.22 earnings per share. Snap-On’s quarterly revenue was up 4.5% on a year-over-year basis. On average, equities analysts forecast that Snap-On Incorporated will post $10.07 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, March 10th. Stockholders of record on Friday, February 24th will be given a dividend of $0.71 per share. The ex-dividend date of this dividend is Wednesday, February 22nd. This represents a $2.84 dividend on an annualized basis and a dividend yield of 1.64%. Snap-On’s payout ratio is 30.84%.

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Several research analysts have issued reports on SNA shares. Zacks Investment Research upgraded shares of Snap-On from a “sell” rating to a “hold” rating and set a $179.00 price target on the stock in a research report on Friday, October 21st. Wunderlich raised their price objective on shares of Snap-On from $190.00 to $205.00 and gave the stock a “buy” rating in a research note on Friday, February 3rd.

In other news, Director William Dudley Lehman sold 412 shares of the company’s stock in a transaction that occurred on Monday, February 13th. The shares were sold at an average price of $171.88, for a total transaction of $70,814.56. Following the transaction, the director now directly owns 9,175 shares in the company, valued at $1,576,999. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Thomas L. Kassouf sold 20,000 shares of the company’s stock in a transaction that occurred on Monday, November 21st. The stock was sold at an average price of $168.09, for a total transaction of $3,361,800.00. Following the transaction, the senior vice president now owns 45,542 shares in the company, valued at $7,655,154.78. The disclosure for this sale can be found here. Insiders have sold 46,718 shares of company stock worth $7,902,323 over the last quarter. 3.40% of the stock is owned by company insiders.

Snap-On Company Profile

Snap-On Incorporated is a manufacturer and marketer of tools, equipment, diagnostics, repair information and systems solutions for professional users. The Company’s segments include Commercial & Industrial Group, the Snap-on Tools Group, the Repair Systems & Information Group and Financial Services. Its Commercial & Industrial Group segment consists of business operations serving a range of industrial and commercial customers across the world.

5 Day Chart for NYSE:SNA

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