BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lessened its stake in shares of Snap-on Incorporated (NYSE:SNA) by 37.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 19,114 shares of the company’s stock after selling 11,538 shares during the quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp’s holdings in Snap-on were worth $2,777,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Riverview Trust Co purchased a new stake in shares of Snap-on during the fourth quarter worth about $33,000. Tributary Capital Management LLC purchased a new stake in shares of Snap-on during the fourth quarter worth about $44,000. Private Capital Group LLC increased its position in shares of Snap-on by 98.6% during the fourth quarter. Private Capital Group LLC now owns 437 shares of the company’s stock worth $63,000 after acquiring an additional 217 shares during the last quarter. Atlas Capital Advisors LLC increased its position in shares of Snap-on by 1,158.3% during the fourth quarter. Atlas Capital Advisors LLC now owns 453 shares of the company’s stock worth $66,000 after acquiring an additional 417 shares during the last quarter. Finally, First Mercantile Trust Co. increased its position in shares of Snap-on by 39.2% during the fourth quarter. First Mercantile Trust Co. now owns 501 shares of the company’s stock worth $73,000 after acquiring an additional 141 shares during the last quarter.

Shares of Snap-on stock opened at $155.68 on Friday. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.33 and a quick ratio of 1.62. The stock has a market capitalization of $8.65 billion, a P/E ratio of 13.18, a PEG ratio of 1.34 and a beta of 1.27. Snap-on Incorporated has a fifty-two week low of $135.29 and a fifty-two week high of $189.46.

Snap-on (NYSE:SNA) last announced its quarterly earnings data on Thursday, February 7th. The company reported $3.03 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $3.03. The firm had revenue of $952.50 million during the quarter, compared to analyst estimates of $968.74 million. Snap-on had a return on equity of 21.62% and a net margin of 18.18%. Snap-on’s quarterly revenue was down 2.3% on a year-over-year basis. During the same period in the previous year, the company earned $2.69 earnings per share. Equities research analysts anticipate that Snap-on Incorporated will post 12.33 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 11th. Investors of record on Monday, February 25th were issued a $0.95 dividend. This represents a $3.80 annualized dividend and a yield of 2.44%. The ex-dividend date of this dividend was Friday, February 22nd. Snap-on’s dividend payout ratio is currently 32.18%.

SNA has been the topic of a number of analyst reports. TheStreet raised Snap-on from a “c+” rating to a “b-” rating in a research report on Friday, January 11th. Bank of America initiated coverage on Snap-on in a research report on Friday, December 21st. They set a “buy” rating and a $165.00 target price on the stock. Finally, Zacks Investment Research raised Snap-on from a “sell” rating to a “hold” rating in a research report on Tuesday, February 26th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company’s stock. Snap-on has an average rating of “Hold” and an average target price of $190.33.

In related news, Chairman Nicholas T. Pinchuk sold 22,433 shares of the business’s stock in a transaction dated Thursday, December 27th. The stock was sold at an average price of $140.80, for a total value of $3,158,566.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director William Dudley Lehman sold 387 shares of the business’s stock in a transaction dated Friday, February 15th. The shares were sold at an average price of $157.19, for a total value of $60,832.53. Following the completion of the sale, the director now directly owns 9,996 shares of the company’s stock, valued at $1,571,271.24. The disclosure for this sale can be found here. Over the last three months, insiders sold 67,977 shares of company stock valued at $10,435,589. 4.00% of the stock is owned by corporate insiders.

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About Snap-on

Snap-on Incorporated manufactures and markets tools, equipment, diagnostics, and repair information and systems solutions for professional users worldwide. It operates through Commercial and Industrial Group, Snap-on Tools Group, and Repair Systems & Information Group segments. The company offers hand tools, including wrenches, sockets, ratchet wrenches, pliers, screwdrivers, punches and chisels, saws and cutting tools, pruning tools, torque measuring instruments, and other products; power tools, such as cordless, pneumatic, hydraulic, and corded tools; and tool storage products comprising tool chests, roll cabinets, and other products.

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

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