Bowen Hanes & Co. Inc. Has $3.04 Million Stake in Snap-on Incorporated (SNA)
Bowen Hanes & Co. Inc. lessened its stake in shares of Snap-on Incorporated (NYSE:SNA) by 35.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 17,445 shares of the company’s stock after selling 9,585 shares during the quarter. Bowen Hanes & Co. Inc.’s holdings in Snap-on were worth $3,041,000 at the end of the most recent quarter.
Other large investors also recently added to or reduced their stakes in the company. Amica Retiree Medical Trust purchased a new stake in shares of Snap-on during the third quarter valued at approximately $165,000. Glenview State Bank Trust DEPT. purchased a new stake in shares of Snap-on during the fourth quarter valued at approximately $206,000. Jacobi Capital Management LLC purchased a new stake in shares of Snap-on during the third quarter valued at approximately $215,000. Visionary Asset Management Inc. purchased a new stake in Snap-on in the third quarter worth $215,000. Finally, Wasatch Advisors Inc. purchased a new stake in Snap-on in the third quarter worth $224,000. 99.40% of the stock is owned by hedge funds and other institutional investors.
Shares of Snap-on Incorporated (SNA) opened at $153.65 on Friday. Snap-on Incorporated has a 52 week low of $140.83 and a 52 week high of $185.47. The company has a market capitalization of $8,760.00, a price-to-earnings ratio of 15.94, a P/E/G ratio of 1.29 and a beta of 1.12. The company has a quick ratio of 1.24, a current ratio of 1.78 and a debt-to-equity ratio of 0.25.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 16th. Shareholders of record on Friday, March 2nd will be issued a $0.82 dividend. The ex-dividend date of this dividend is Thursday, March 1st. This represents a $3.28 dividend on an annualized basis and a yield of 2.13%. Snap-on’s dividend payout ratio (DPR) is 34.02%.
SNA has been the subject of a number of research analyst reports. Zacks Investment Research lowered Snap-on from a “buy” rating to a “hold” rating in a research note on Friday, January 12th. B. Riley reaffirmed a “buy” rating and issued a $205.00 price target on shares of Snap-on in a research note on Thursday, January 4th. Finally, Robert W. Baird reaffirmed a “buy” rating and issued a $220.00 price target (up previously from $184.00) on shares of Snap-on in a research note on Monday, January 29th. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and seven have given a buy rating to the company’s stock. Snap-on currently has an average rating of “Buy” and an average target price of $192.00.
In other Snap-on news, SVP Thomas L. Kassouf sold 96,000 shares of the stock in a transaction on Monday, February 26th. The stock was sold at an average price of $160.40, for a total value of $15,398,400.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Anup R. Banerjee sold 2,091 shares of the stock in a transaction on Monday, February 12th. The stock was sold at an average price of $160.11, for a total value of $334,790.01. The disclosure for this sale can be found here. In the last quarter, insiders sold 146,355 shares of company stock valued at $24,058,960. 3.70% of the stock is owned by corporate insiders.
ILLEGAL ACTIVITY WARNING: This piece was posted by Watch List News and is owned by of Watch List News. If you are reading this piece on another website, it was copied illegally and reposted in violation of United States & international copyright and trademark legislation. The original version of this piece can be read at https://www.watchlistnews.com/bowen-hanes-co-inc-has-3-04-million-stake-in-snap-on-incorporated-sna/1906344.html.
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.
Want to see what other hedge funds are holding SNA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Snap-on Incorporated (NYSE:SNA).
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.