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%.

COPYRIGHT VIOLATION NOTICE: This news story was first reported by Watch List News and is owned by of Watch List News. If you are reading this news story on another site, it was copied illegally and reposted in violation of US and international trademark and copyright law. The correct version of this news story can be viewed at https://www.watchlistnews.com/first-hawaiian-bank-sells-256-shares-of-snap-on-incorporated-sna/2952390.html.

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.

See Also: Book Value Per Share – BVPS

Want to see what other hedge funds are holding SNA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Snap-on Incorporated (NYSE:SNA).

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

Receive News & Ratings for Snap-on Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Snap-on and related companies with MarketBeat.com's FREE daily email newsletter.