Meeder Asset Management Inc. cut its holdings in shares of Snap-on Incorporated (NYSE:SNA) by 6.5% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 4,880 shares of the company’s stock after selling 342 shares during the period. Meeder Asset Management Inc.’s holdings in Snap-on were worth $764,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Bank of New York Mellon Corp raised its stake in Snap-on by 2.5% during the third quarter. Bank of New York Mellon Corp now owns 617,608 shares of the company’s stock worth $113,394,000 after purchasing an additional 15,079 shares during the period. Franklin Resources Inc. acquired a new stake in Snap-on in the third quarter valued at approximately $384,000. Mirae Asset Global Investments Co. Ltd. acquired a new stake in Snap-on in the third quarter valued at approximately $447,000. LPL Financial LLC lifted its stake in Snap-on by 59.3% in the third quarter. LPL Financial LLC now owns 12,710 shares of the company’s stock valued at $2,334,000 after acquiring an additional 4,729 shares during the last quarter. Finally, Jane Street Group LLC acquired a new stake in Snap-on in the third quarter valued at approximately $1,568,000.

A number of analysts have issued reports on the stock. Bank of America cut shares of Snap-on from a “buy” rating to a “neutral” rating and set a $168.00 target price for the company. in a research note on Tuesday. Zacks Investment Research upgraded shares of Snap-on from a “sell” rating to a “hold” rating in a research note on Thursday, April 11th. Finally, Robert W. Baird cut shares of Snap-on from an “outperform” rating to a “neutral” rating and reduced their target price for the company from $186.00 to $160.00 in a research note on Wednesday, April 10th. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $185.83.

Shares of Snap-on stock opened at $168.07 on Friday. The company has a quick ratio of 1.62, a current ratio of 2.33 and a debt-to-equity ratio of 0.30. Snap-on Incorporated has a 1-year low of $135.29 and a 1-year high of $189.46. The firm has a market capitalization of $9.34 billion, a PE ratio of 14.23, a PEG ratio of 1.44 and a beta of 1.26.

Snap-on (NYSE:SNA) last issued its quarterly earnings data on Thursday, April 18th. The company reported $3.01 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.91 by $0.10. The business had revenue of $921.70 million during the quarter, compared to analysts’ expectations of $933.13 million. Snap-on had a net margin of 18.18% and a return on equity of 21.62%. Snap-on’s revenue for the quarter was down 1.5% on a year-over-year basis. During the same period in the previous year, the company earned $2.79 earnings per share. As a group, analysts anticipate that Snap-on Incorporated will post 12.31 EPS for the current year.

In related news, SVP Thomas L. Kassouf sold 18,657 shares of the company’s stock in a transaction on Monday, February 25th. The shares were sold at an average price of $161.24, for a total transaction of $3,008,254.68. Following the completion of the transaction, the senior vice president now directly owns 3,920 shares in the company, valued at approximately $632,060.80. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Chairman Nicholas T. Pinchuk sold 11,783 shares of the company’s stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $156.68, for a total transaction of $1,846,160.44. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 57,327 shares of company stock valued at $9,123,183. Corporate insiders own 3.90% of the company’s stock.

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Snap-on 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.

Read More: What is Net Asset Value (NAV)?

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

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