ETF Managers Group LLC boosted its stake in shares of Snap-on Incorporated (NYSE:SNA) by 15.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 883 shares of the company’s stock after acquiring an additional 120 shares during the quarter. ETF Managers Group LLC’s holdings in Snap-on were worth $128,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the business. Leavell Investment Management Inc. increased its stake in Snap-on by 4.3% during the fourth quarter. Leavell Investment Management Inc. now owns 1,587 shares of the company’s stock worth $231,000 after acquiring an additional 65 shares during the last quarter. CWM LLC grew its stake in shares of Snap-on by 1.6% during the fourth quarter. CWM LLC now owns 4,443 shares of the company’s stock valued at $646,000 after buying an additional 71 shares during the last quarter. Rehmann Capital Advisory Group grew its stake in shares of Snap-on by 11.5% during the third quarter. Rehmann Capital Advisory Group now owns 716 shares of the company’s stock valued at $131,000 after buying an additional 74 shares during the last quarter. Raymond James Trust N.A. grew its stake in shares of Snap-on by 3.8% during the fourth quarter. Raymond James Trust N.A. now owns 2,175 shares of the company’s stock valued at $316,000 after buying an additional 80 shares during the last quarter. Finally, TD Asset Management Inc. grew its stake in shares of Snap-on by 0.8% during the fourth quarter. TD Asset Management Inc. now owns 17,621 shares of the company’s stock valued at $2,560,000 after buying an additional 132 shares during the last quarter.

SNA opened at $155.24 on Tuesday. The company has a market cap of $8.52 billion, a PE ratio of 13.14, a price-to-earnings-growth ratio of 1.21 and a beta of 1.34. Snap-on Incorporated has a one year low of $135.29 and a one year high of $189.46. The company has a current ratio of 2.33, a quick ratio of 1.62 and a debt-to-equity ratio of 0.30.

Snap-on (NYSE:SNA) last released its earnings results on Thursday, February 7th. The company reported $3.03 EPS for the quarter, meeting analysts’ consensus estimates of $3.03. The firm had revenue of $952.50 million for the quarter, compared to analysts’ expectations of $968.74 million. Snap-on had a return on equity of 21.62% and a net margin of 18.18%. The company’s quarterly revenue was down 2.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.69 earnings per share. As a group, equities research analysts predict that Snap-on Incorporated will post 12.39 earnings per share for the current year.

A number of research analysts have recently commented on SNA shares. TheStreet raised Snap-on from a “c+” rating to a “b-” rating in a research note on Friday, January 11th. Barrington Research reaffirmed a “buy” rating and set a $196.00 target price on shares of Snap-on in a research note on Tuesday, October 16th. Robert W. Baird cut their target price on Snap-on from $216.00 to $190.00 and set an “outperform” rating on the stock in a research note on Friday, October 19th. Bank of America started coverage on Snap-on in a research note on Friday, December 21st. They set a “buy” rating and a $165.00 target price on the stock. Finally, Zacks Investment Research cut Snap-on from a “hold” rating to a “sell” rating in a research note on Monday, February 4th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $190.33.

In related news, Chairman Nicholas T. Pinchuk sold 22,433 shares of the business’s stock in a transaction that occurred on 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 at this hyperlink. 4.00% of the stock is currently owned by 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. 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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