First Hawaiian Bank decreased its holdings in shares of Snap-on Incorporated (NYSE:SNA) by 13.1% in the 1st quarter, Holdings Channel reports. The firm owned 1,692 shares of the company’s stock after selling 256 shares during the period. First Hawaiian Bank’s holdings in Snap-on were worth $265,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Private Trust Co. NA acquired a new stake in Snap-on in the first quarter valued at $203,000. Deutsche Bank AG lifted its stake in Snap-on by 36.9% in the fourth quarter. Deutsche Bank AG now owns 271,246 shares of the company’s stock valued at $39,405,000 after acquiring an additional 73,133 shares during the last quarter. Machina Capital S.A.S. acquired a new stake in Snap-on in the fourth quarter valued at $679,000. American Century Companies Inc. acquired a new stake in Snap-on in the fourth quarter valued at $25,095,000. Finally, Norges Bank acquired a new stake in Snap-on in the fourth quarter valued at $62,430,000.

In other news, Chairman Nicholas T. Pinchuk sold 11,783 shares of the stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $156.68, for a total value of $1,846,160.44. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director William Dudley Lehman sold 387 shares of the firm’s stock in a transaction dated Friday, February 15th. The stock was sold at an average price of $157.19, for a total transaction of $60,832.53. Following the transaction, the director now directly owns 9,996 shares in the company, valued at $1,571,271.24. The disclosure for this sale can be found here. Insiders sold 57,327 shares of company stock worth $9,123,183 over the last three months. Insiders own 3.90% of the company’s stock.

SNA has been the subject of a number of recent analyst reports. Zacks Investment Research cut shares of Snap-on from a “hold” rating to a “sell” rating in a research note on Monday, February 4th. TheStreet cut shares of Snap-on from a “b” rating to a “c+” rating in a research note on Wednesday, December 19th. Finally, Bank of America initiated coverage on shares of Snap-on in a research note on Friday, December 21st. They issued a “buy” rating and a $165.00 price target for the company. One analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company’s stock. Snap-on presently has an average rating of “Hold” and an average price target of $190.33.

Shares of SNA opened at $157.24 on Wednesday. The stock has a market capitalization of $8.96 billion, a PE ratio of 13.31, a P/E/G ratio of 1.48 and a beta of 1.26. Snap-on Incorporated has a fifty-two week low of $135.29 and a fifty-two week 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 for the quarter, meeting the Thomson Reuters’ consensus estimate of $3.03. The company had revenue of $952.50 million for the quarter, compared to analyst estimates of $968.74 million. Snap-on had a net margin of 18.18% and a return on equity of 21.62%. The company’s revenue was down 2.3% on a year-over-year basis. During the same period in the prior year, the firm earned $2.69 earnings per share. Equities research analysts anticipate that Snap-on Incorporated will post 12.31 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 11th. Stockholders of record on Monday, February 25th were given a $0.95 dividend. This represents a $3.80 annualized dividend and a dividend yield of 2.42%. The ex-dividend date of this dividend was Friday, February 22nd. Snap-on’s payout ratio is presently 32.18%.

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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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