Fenimore Asset Management Inc. boosted its holdings in shares of Snap-on Incorporated (NYSE:SNA) by 1.9% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 319,995 shares of the company’s stock after buying an additional 6,091 shares during the period. Snap-on comprises 1.8% of Fenimore Asset Management Inc.’s portfolio, making the stock its 21st largest holding. Fenimore Asset Management Inc. owned approximately 0.58% of Snap-on worth $50,086,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Chartwell Investment Partners LLC boosted its stake in Snap-on by 327.4% during the first quarter. Chartwell Investment Partners LLC now owns 106,661 shares of the company’s stock worth $16,695,000 after buying an additional 81,705 shares in the last quarter. Pacer Advisors Inc. boosted its stake in Snap-on by 106.1% during the first quarter. Pacer Advisors Inc. now owns 11,908 shares of the company’s stock worth $1,863,000 after buying an additional 6,131 shares in the last quarter. State of Alaska Department of Revenue boosted its stake in Snap-on by 0.8% during the first quarter. State of Alaska Department of Revenue now owns 24,083 shares of the company’s stock worth $3,768,000 after buying an additional 189 shares in the last quarter. Polaris Greystone Financial Group LLC acquired a new stake in Snap-on during the first quarter worth $18,221,000. Finally, Bank of Edwardsville acquired a new stake in Snap-on during the first quarter worth $638,000.

Shares of NYSE SNA traded up $2.53 during midday trading on Thursday, reaching $156.33. 6,279 shares of the company traded hands, compared to its average volume of 569,145. The stock has a market cap of $8.55 billion, a PE ratio of 13.23, a PEG ratio of 1.45 and a beta of 1.26. Snap-on Incorporated has a 12 month low of $135.29 and a 12 month high of $189.46. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.62 and a current ratio of 2.33.

Snap-on (NYSE:SNA) last issued its quarterly earnings data on Thursday, February 7th. The company reported $3.03 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $3.03. The company had revenue of $952.50 million during 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 business’s revenue was down 2.3% on a year-over-year basis. During the same period last year, the business earned $2.69 earnings per share. Analysts predict that Snap-on Incorporated will post 12.31 earnings per share for the current year.

In related news, Chairman Nicholas T. Pinchuk sold 11,783 shares of Snap-on stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $156.68, for a total value of $1,846,160.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director William Dudley Lehman sold 387 shares of Snap-on 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 transaction, 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. Insiders sold 57,327 shares of company stock valued at $9,123,183 over the last ninety days. 3.90% of the stock is currently owned by company insiders.

A number of research analysts have issued reports on SNA shares. Zacks Investment Research cut Snap-on from a “hold” rating to a “sell” rating in a report on Monday, February 4th. Robert W. Baird cut Snap-on from an “outperform” rating to a “neutral” rating and cut their price objective for the company from $186.00 to $160.00 in a report on Wednesday. TheStreet cut Snap-on from a “b” rating to a “c+” rating in a report on Wednesday, December 19th. Finally, Bank of America started coverage on Snap-on in a report on Friday, December 21st. They set a “buy” rating and a $165.00 price objective for the company. One analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $185.33.

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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. 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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