Snap-on Incorporated (NYSE:SNA) Shares Sold by Russell Investments Group Ltd.

Russell Investments Group Ltd. trimmed its stake in Snap-on Incorporated (NYSE:SNAGet Rating) by 4.6% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 58,894 shares of the company’s stock after selling 2,859 shares during the period. Russell Investments Group Ltd.’s holdings in Snap-on were worth $12,125,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Arete Wealth Advisors LLC raised its stake in shares of Snap-on by 5.5% in the 4th quarter. Arete Wealth Advisors LLC now owns 1,012 shares of the company’s stock valued at $216,000 after acquiring an additional 53 shares during the period. Lumature Wealth Partners LLC raised its stake in shares of Snap-on by 63.4% in the 4th quarter. Lumature Wealth Partners LLC now owns 152 shares of the company’s stock valued at $33,000 after acquiring an additional 59 shares during the period. Ritholtz Wealth Management raised its stake in shares of Snap-on by 5.3% in the 1st quarter. Ritholtz Wealth Management now owns 1,184 shares of the company’s stock valued at $243,000 after acquiring an additional 60 shares during the period. Claro Advisors LLC raised its stake in shares of Snap-on by 5.1% in the 4th quarter. Claro Advisors LLC now owns 1,331 shares of the company’s stock valued at $287,000 after acquiring an additional 65 shares during the period. Finally, Intrust Bank NA raised its stake in shares of Snap-on by 3.3% in the 4th quarter. Intrust Bank NA now owns 2,060 shares of the company’s stock valued at $444,000 after acquiring an additional 66 shares during the period. 87.92% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

SNA has been the topic of several recent research reports. MKM Partners initiated coverage on shares of Snap-on in a research note on Thursday, June 9th. They set a “neutral” rating and a $238.00 target price on the stock. UBS Group cut their target price on shares of Snap-on to $175.00 in a research note on Friday, July 22nd. Finally, Tigress Financial upped their target price on shares of Snap-on from $295.00 to $298.00 and gave the stock a “buy” rating in a research note on Monday, April 25th.

Snap-on Trading Down 0.0 %

Shares of NYSE:SNA opened at $223.00 on Friday. Snap-on Incorporated has a 52 week low of $190.08 and a 52 week high of $235.36. The company’s 50 day moving average is $208.44 and its two-hundred day moving average is $210.96. The company has a current ratio of 3.28, a quick ratio of 2.37 and a debt-to-equity ratio of 0.27. The company has a market cap of $11.88 billion, a PE ratio of 13.99, a P/E/G ratio of 1.78 and a beta of 1.12.

Snap-on (NYSE:SNAGet Rating) last announced its quarterly earnings data on Thursday, July 21st. The company reported $4.27 EPS for the quarter, beating analysts’ consensus estimates of $3.91 by $0.36. Snap-on had a net margin of 19.83% and a return on equity of 20.51%. The company had revenue of $1.14 billion for the quarter, compared to the consensus estimate of $1.10 billion. During the same period in the prior year, the firm posted $3.76 EPS. The company’s quarterly revenue was up 5.1% compared to the same quarter last year. Equities analysts predict that Snap-on Incorporated will post 15.93 earnings per share for the current fiscal year.

Snap-on Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 9th. Shareholders of record on Friday, August 19th will be given a $1.42 dividend. This represents a $5.68 dividend on an annualized basis and a dividend yield of 2.55%. Snap-on’s dividend payout ratio is presently 35.63%.

Insider Activity

In other news, CEO Nicholas T. Pinchuk sold 19,394 shares of the company’s stock in a transaction on Wednesday, June 1st. The shares were sold at an average price of $216.58, for a total value of $4,200,352.52. Following the completion of the transaction, the chief executive officer now owns 622,123 shares in the company, valued at approximately $134,739,399.34. The sale was disclosed in a document filed with the SEC, which is available at this link. In other news, SVP Jesus Arregui sold 488 shares of the company’s stock in a transaction on Friday, August 5th. The shares were sold at an average price of $223.31, for a total value of $108,975.28. Following the completion of the transaction, the senior vice president now owns 2,409 shares in the company, valued at approximately $537,953.79. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Nicholas T. Pinchuk sold 19,394 shares of the stock in a transaction on Wednesday, June 1st. The stock was sold at an average price of $216.58, for a total transaction of $4,200,352.52. Following the sale, the chief executive officer now owns 622,123 shares of the company’s stock, valued at approximately $134,739,399.34. The disclosure for this sale can be found here. Company insiders own 4.30% of the company’s stock.

Snap-on Profile

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Snap-on Incorporated manufactures and markets tools, equipment, diagnostics, and repair information and systems solutions for professional users worldwide. It operates through Commercial & Industrial Group, Snap-on Tools Group, Repair Systems & Information Group, and Financial Services segments.

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

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