Aperio Group LLC lowered its holdings in Snap-on Incorporated (NYSE:SNA) by 7.4% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 21,197 shares of the company’s stock after selling 1,701 shares during the quarter. Aperio Group LLC’s holdings in Snap-on were worth $3,407,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. BlackRock Inc. grew its position in shares of Snap-on by 3.2% in the 1st quarter. BlackRock Inc. now owns 3,801,586 shares of the company’s stock worth $560,885,000 after buying an additional 119,335 shares during the last quarter. Principal Financial Group Inc. grew its position in shares of Snap-on by 3.4% in the 1st quarter. Principal Financial Group Inc. now owns 1,048,534 shares of the company’s stock worth $154,702,000 after buying an additional 34,012 shares during the last quarter. Northern Trust Corp grew its position in shares of Snap-on by 0.8% in the 1st quarter. Northern Trust Corp now owns 957,476 shares of the company’s stock worth $141,266,000 after buying an additional 8,067 shares during the last quarter. Vaughan Nelson Investment Management L.P. grew its position in shares of Snap-on by 3.3% in the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 652,885 shares of the company’s stock worth $104,931,000 after buying an additional 20,660 shares during the last quarter. Finally, Bessemer Group Inc. grew its position in shares of Snap-on by 0.7% in the 2nd quarter. Bessemer Group Inc. now owns 577,478 shares of the company’s stock worth $92,812,000 after buying an additional 4,225 shares during the last quarter.

SNA has been the topic of a number of analyst reports. Robert W. Baird reaffirmed a “buy” rating and issued a $210.00 price objective on shares of Snap-on in a research report on Friday, April 20th. Northcoast Research set a $178.00 price objective on shares of Snap-on and gave the stock a “buy” rating in a research report on Monday, April 23rd. ValuEngine downgraded shares of Snap-on from a “hold” rating to a “sell” rating in a research report on Wednesday, May 2nd. Zacks Investment Research raised shares of Snap-on from a “hold” rating to a “buy” rating and set a $178.00 price objective on the stock in a research report on Tuesday, June 19th. Finally, Barrington Research reaffirmed a “buy” rating on shares of Snap-on in a research report on Monday, July 16th. One research analyst has rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $190.88.

In other Snap-on news, CEO Nicholas T. Pinchuk sold 21,921 shares of the business’s stock in a transaction that occurred on Tuesday, June 19th. The shares were sold at an average price of $157.88, for a total transaction of $3,460,887.48. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, VP Iain Boyd sold 4,291 shares of the business’s stock in a transaction that occurred on Tuesday, August 7th. The stock was sold at an average price of $170.03, for a total transaction of $729,598.73. The disclosure for this sale can be found here. In the last three months, insiders have sold 139,336 shares of company stock worth $22,597,905. 4.00% of the stock is owned by insiders.

NYSE:SNA opened at $175.34 on Friday. The company has a market cap of $9.60 billion, a price-to-earnings ratio of 17.33, a P/E/G ratio of 1.40 and a beta of 1.14. Snap-on Incorporated has a twelve month low of $140.83 and a twelve month high of $185.47. The company has a current ratio of 2.33, a quick ratio of 1.60 and a debt-to-equity ratio of 0.30.

Snap-on (NYSE:SNA) last released its earnings results on Thursday, July 19th. The company reported $3.11 earnings per share for the quarter, topping the consensus estimate of $2.95 by $0.16. The company had revenue of $954.60 million for the quarter, compared to the consensus estimate of $952.04 million. Snap-on had a net margin of 16.04% and a return on equity of 21.04%. Snap-on’s revenue was up 3.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.60 EPS. equities research analysts expect that Snap-on Incorporated will post 11.8 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Monday, September 10th. Shareholders of record on Friday, August 17th will be given a dividend of $0.82 per share. This represents a $3.28 annualized dividend and a yield of 1.87%. The ex-dividend date of this dividend is Thursday, August 16th. Snap-on’s dividend payout ratio is presently 32.41%.

Snap-on Company Profile

Snap-on Incorporated manufactures and markets tools, equipment, diagnostics, and repair information and systems solutions for professional users worldwide. The company operates through Commercial & Industrial Group, Snap-on Tools Group, Repair Systems & Information Group, and Financial Services segments.

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

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