Chartwell Investment Partners LLC raised its stake in Snap-on Incorporated (NYSE:SNA) by 4.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 21,566 shares of the company’s stock after purchasing an additional 986 shares during the quarter. Chartwell Investment Partners LLC’s holdings in Snap-on were worth $3,960,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently modified their holdings of the company. BlackRock Inc. raised its stake in shares of Snap-on by 1.4% in the second quarter. BlackRock Inc. now owns 3,855,275 shares of the company’s stock worth $619,621,000 after purchasing an additional 53,689 shares during the last quarter. Earnest Partners LLC raised its stake in shares of Snap-on by 3.8% in the second quarter. Earnest Partners LLC now owns 1,020,188 shares of the company’s stock worth $163,965,000 after purchasing an additional 37,244 shares during the last quarter. Northern Trust Corp raised its stake in shares of Snap-on by 2.1% in the second quarter. Northern Trust Corp now owns 977,655 shares of the company’s stock worth $157,129,000 after purchasing an additional 20,179 shares during the last quarter. Ariel Investments LLC raised its stake in shares of Snap-on by 10.0% in the second quarter. Ariel Investments LLC now owns 929,933 shares of the company’s stock worth $149,459,000 after purchasing an additional 84,287 shares during the last quarter. Finally, Schroder Investment Management Group raised its stake in shares of Snap-on by 65.8% in the second quarter. Schroder Investment Management Group now owns 770,981 shares of the company’s stock worth $88,263,000 after purchasing an additional 305,933 shares during the last quarter.

In other Snap-on news, SVP Aldo John Pagliari sold 6,480 shares of the stock in a transaction on Wednesday, August 22nd. The stock was sold at an average price of $177.89, for a total transaction of $1,152,727.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 4.00% of the company’s stock.

A number of analysts recently commented on SNA shares. Zacks Investment Research raised Snap-on from a “hold” rating to a “buy” rating and set a $208.00 price target for the company in a research report on Thursday, October 4th. Robert W. Baird decreased their price target on Snap-on from $216.00 to $190.00 and set an “outperform” rating for the company in a research report on Friday, October 19th. Northcoast Research downgraded Snap-on from a “buy” rating to a “neutral” rating in a research report on Tuesday, July 24th. Finally, Barrington Research reaffirmed a “buy” rating and set a $196.00 price target on shares of Snap-on in a research report on Tuesday, October 16th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Snap-on presently has an average rating of “Buy” and an average target price of $195.40.

Shares of SNA opened at $165.15 on Monday. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.31 and a quick ratio of 1.59. The company has a market cap of $9.28 billion, a P/E ratio of 16.32, a price-to-earnings-growth ratio of 1.35 and a beta of 1.29. Snap-on Incorporated has a 12 month low of $141.63 and a 12 month high of $189.46.

Snap-on (NYSE:SNA) last issued its quarterly earnings results on Thursday, October 18th. The company reported $2.88 EPS for the quarter, beating the Zacks’ consensus estimate of $2.86 by $0.02. The company had revenue of $898.10 million during the quarter, compared to the consensus estimate of $928.73 million. Snap-on had a return on equity of 21.35% and a net margin of 16.86%. Snap-on’s revenue was down .6% on a year-over-year basis. During the same period last year, the business posted $2.45 earnings per share. On average, equities research analysts predict that Snap-on Incorporated will post 11.83 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 10th. Investors of record on Tuesday, November 20th will be given a dividend of $0.95 per share. This represents a $3.80 dividend on an annualized basis and a dividend yield of 2.30%. This is an increase from Snap-on’s previous quarterly dividend of $0.82. The ex-dividend date is Monday, November 19th. Snap-on’s dividend payout ratio (DPR) is presently 32.41%.

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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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