American Century Companies Inc. decreased its holdings in Snap-On Incorporated (NYSE:SNA) by 7.2% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 508,544 shares of the company’s stock after selling 39,492 shares during the period. American Century Companies Inc. owned about 0.88% of Snap-On worth $75,778,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in SNA. OppenheimerFunds Inc. raised its stake in Snap-On by 12.0% in the first quarter. OppenheimerFunds Inc. now owns 2,645 shares of the company’s stock valued at $446,000 after buying an additional 283 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of Snap-On by 4.5% during the first quarter. Dimensional Fund Advisors LP now owns 285,914 shares of the company’s stock worth $48,224,000 after purchasing an additional 12,265 shares during the period. Creative Planning increased its stake in shares of Snap-On by 1.6% during the second quarter. Creative Planning now owns 5,430 shares of the company’s stock worth $858,000 after purchasing an additional 85 shares during the period. State of Alaska Department of Revenue increased its stake in shares of Snap-On by 6.7% during the second quarter. State of Alaska Department of Revenue now owns 1,585 shares of the company’s stock worth $250,000 after purchasing an additional 100 shares during the period. Finally, National Pension Service increased its stake in shares of Snap-On by 10.1% during the second quarter. National Pension Service now owns 65,635 shares of the company’s stock worth $10,273,000 after purchasing an additional 6,004 shares during the period. Hedge funds and other institutional investors own 94.97% of the company’s stock.

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A number of brokerages have recently weighed in on SNA. B. Riley reiterated a “buy” rating on shares of Snap-On in a research note on Wednesday, November 1st. BidaskClub upgraded Snap-On from a “strong sell” rating to a “sell” rating in a research note on Monday, July 31st. Zacks Investment Research upgraded Snap-On from a “sell” rating to a “hold” rating in a research note on Wednesday, July 19th. FBR & Co set a $205.00 target price on Snap-On and gave the stock a “buy” rating in a research note on Friday, July 21st. Finally, Barrington Research upgraded Snap-On from a “market perform” rating to an “outperform” rating and set a $185.00 target price on the stock in a research note on Monday, October 23rd. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and seven have assigned a buy rating to the stock. Snap-On currently has a consensus rating of “Hold” and a consensus target price of $192.00.

Shares of Snap-On Incorporated (SNA) opened at $155.87 on Friday. The stock has a market capitalization of $8,939.30, a P/E ratio of 15.82, a P/E/G ratio of 1.46 and a beta of 1.12. Snap-On Incorporated has a 12-month low of $140.83 and a 12-month high of $181.73. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.22 and a current ratio of 1.75.

Snap-On (NYSE:SNA) last issued its quarterly earnings results on Thursday, October 19th. The company reported $2.45 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.43 by $0.02. The business had revenue of $903.80 million for the quarter, compared to the consensus estimate of $889.22 million. Snap-On had a return on equity of 20.82% and a net margin of 15.95%. The firm’s quarterly revenue was up 8.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.22 earnings per share. analysts forecast that Snap-On Incorporated will post 10.09 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 8th. Investors of record on Friday, November 17th will be given a dividend of $0.82 per share. The ex-dividend date of this dividend is Thursday, November 16th. This represents a $3.28 dividend on an annualized basis and a yield of 2.10%. This is an increase from Snap-On’s previous quarterly dividend of $0.71. Snap-On’s dividend payout ratio is currently 29.13%.

Snap-On announced that its Board of Directors has initiated a share buyback program on Monday, August 7th that authorizes the company to buyback $500.00 million in outstanding shares. This buyback authorization authorizes the company to reacquire shares of its stock through open market purchases. Shares buyback programs are usually a sign that the company’s board of directors believes its stock is undervalued.

Snap-On Profile

Snap-on Incorporated is a manufacturer and marketer of tools, equipment, diagnostics, repair information and systems solutions. The Company’s segments include the Commercial & Industrial Group, the Snap-on Tools Group, the Repair Systems & Information Group, and Financial Services. The Commercial & Industrial Group consists of business operations serving a range of industrial and commercial customers, including customers in the aerospace, natural resources, government, power generation, transportation and technical education markets.

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

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