O Shaughnessy Asset Management LLC Sells 58 Shares of Snap-on Incorporated (NYSE:SNA)

O Shaughnessy Asset Management LLC cut its holdings in Snap-on Incorporated (NYSE:SNA – Get Rating) by 0.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 8,251 shares of the company’s stock after selling 58 shares during the period. O Shaughnessy Asset Management LLC’s holdings in Snap-on were worth $1,885,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. Sumitomo Mitsui DS Asset Management Company Ltd grew its position in shares of Snap-on by 1.2% in the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 3,732 shares of the company’s stock worth $853,000 after buying an additional 43 shares during the last quarter. Parkside Financial Bank & Trust grew its position in Snap-on by 57.3% during the 1st quarter. Parkside Financial Bank & Trust now owns 129 shares of the company’s stock worth $27,000 after purchasing an additional 47 shares during the last quarter. Lantz Financial LLC grew its position in Snap-on by 0.5% during the 4th quarter. Lantz Financial LLC now owns 8,871 shares of the company’s stock worth $2,027,000 after purchasing an additional 48 shares during the last quarter. Inspire Investing LLC grew its position in Snap-on by 3.3% during the 4th quarter. Inspire Investing LLC now owns 1,499 shares of the company’s stock worth $343,000 after purchasing an additional 48 shares during the last quarter. Finally, MCF Advisors LLC grew its position in Snap-on by 6.2% during the 4th quarter. MCF Advisors LLC now owns 822 shares of the company’s stock worth $188,000 after purchasing an additional 48 shares during the last quarter. 85.19% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Snap-on news, VP Richard Thomas Miller sold 300 shares of the company’s stock in a transaction on Tuesday, May 2nd. The shares were sold at an average price of $263.05, for a total transaction of $78,915.00. Following the completion of the transaction, the vice president now directly owns 2,042 shares in the company, valued at $537,148.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, SVP Anup R. Banerjee sold 29,750 shares of the company’s stock in a transaction on Monday, April 24th. The shares were sold at an average price of $259.55, for a total transaction of $7,721,612.50. Following the completion of the sale, the senior vice president now owns 5,994 shares of the company’s stock, valued at $1,555,742.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, VP Richard Thomas Miller sold 300 shares of the company’s stock in a transaction on Tuesday, May 2nd. The stock was sold at an average price of $263.05, for a total transaction of $78,915.00. Following the sale, the vice president now directly owns 2,042 shares of the company’s stock, valued at approximately $537,148.10. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 56,884 shares of company stock worth $14,194,715. Company insiders own 4.20% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have weighed in on SNA shares. Bank of America boosted their target price on shares of Snap-on from $230.00 to $240.00 and gave the stock an “underperform” rating in a research report on Friday, April 21st. 92 Resources reaffirmed a “reiterates” rating on shares of Snap-on in a report on Wednesday. Barrington Research reaffirmed an “outperform” rating and issued a $280.00 price objective on shares of Snap-on in a report on Monday, April 17th. Roth Capital raised shares of Snap-on from a “neutral” rating to a “buy” rating in a report on Thursday, May 18th. Finally, Roth Mkm raised shares of Snap-on from a “neutral” rating to a “buy” rating and upped their price objective for the company from $278.00 to $298.00 in a report on Thursday, May 18th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $260.57.

Snap-on Stock Performance

NYSE:SNA opened at $255.76 on Friday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.43 and a current ratio of 3.48. The company has a fifty day moving average of $248.45 and a two-hundred day moving average of $243.23. The stock has a market capitalization of $13.54 billion, a PE ratio of 14.67, a P/E/G ratio of 2.07 and a beta of 1.09. Snap-on Incorporated has a fifty-two week low of $190.08 and a fifty-two week high of $265.02.

Snap-on (NYSE:SNA – Get Rating) last posted its quarterly earnings data on Thursday, April 20th. The company reported $4.60 earnings per share for the quarter, topping analysts’ consensus estimates of $4.14 by $0.46. The company had revenue of $1.18 billion during the quarter, compared to analysts’ expectations of $1.13 billion. Snap-on had a net margin of 20.60% and a return on equity of 21.17%. The firm’s revenue for the quarter was up 7.8% on a year-over-year basis. During the same period in the prior year, the business posted $4.00 earnings per share. As a group, research analysts forecast that Snap-on Incorporated will post 17.74 earnings per share for the current fiscal year.

Snap-on Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 9th. Shareholders of record on Friday, May 19th will be given a dividend of $1.62 per share. This represents a $6.48 dividend on an annualized basis and a yield of 2.53%. The ex-dividend date is Thursday, May 18th. Snap-on’s dividend payout ratio is presently 37.18%.

About Snap-on

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Snap-On, Inc engages in the manufacture and marketing of tools, equipment, diagnostics, repair information, and systems solutions for professional users performing critical tasks. Its products and services include hand and power tools, tool storage, diagnostics software, handheld and PC-based diagnostic products, information and management systems, shop equipment and other solutions for vehicle dealerships and repair centers, as well as for customers in industries such as aviation and aerospace, agriculture, construction, government and military, mining, natural resources, power generation, and technical education.