Intrust Bank NA lessened its stake in shares of Snap-On Incorporated (NYSE:SNA) by 11.4% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,892 shares of the company’s stock after selling 371 shares during the period. Intrust Bank NA’s holdings in Snap-On were worth $431,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of SNA. Morgan Dempsey Capital Management LLC raised its holdings in Snap-On by 63.7% during the 2nd quarter. Morgan Dempsey Capital Management LLC now owns 676 shares of the company’s stock worth $107,000 after buying an additional 263 shares during the period. Acrospire Investment Management LLC raised its holdings in Snap-On by 700.0% during the 2nd quarter. Acrospire Investment Management LLC now owns 800 shares of the company’s stock worth $126,000 after buying an additional 700 shares during the period. San Francisco Sentry Investment Group CA acquired a new position in shares of Snap-On in the 2nd quarter valued at about $126,000. Lloyds Banking Group plc acquired a new position in shares of Snap-On in the 2nd quarter valued at about $129,000. Finally, Commonwealth Bank of Australia increased its holdings in shares of Snap-On by 4.4% in the 2nd quarter. Commonwealth Bank of Australia now owns 1,085 shares of the company’s stock valued at $171,000 after purchasing an additional 46 shares during the period. Hedge funds and other institutional investors own 93.81% of the company’s stock.

Snap-On Incorporated (SNA) opened at $156.10 on Tuesday. Snap-On Incorporated has a twelve month low of $140.83 and a twelve month high of $181.73. The company has a market capitalization of $8,885.71, a P/E ratio of 15.73, a P/E/G ratio of 1.45 and a beta of 1.12. The company has a quick ratio of 1.22, a current ratio of 1.75 and a debt-to-equity ratio of 0.26.

Snap-On (NYSE:SNA) last released its quarterly earnings data on Thursday, October 19th. The company reported $2.45 EPS for the quarter, topping analysts’ consensus estimates of $2.43 by $0.02. Snap-On had a return on equity of 20.82% and a net margin of 15.95%. The firm had revenue of $903.80 million for the quarter, compared to the consensus estimate of $889.22 million. During the same quarter in the prior year, the company posted $2.22 earnings per share. The firm’s revenue was up 8.4% on a year-over-year basis. analysts expect that Snap-On Incorporated will post 10.09 EPS for the current fiscal year.

Snap-On declared that its board has approved a share repurchase program on Monday, August 7th that permits the company to repurchase $500.00 million in outstanding shares. This repurchase authorization permits the company to buy shares of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s board believes its stock is undervalued.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 8th. Investors of record on Friday, November 17th will be issued a $0.82 dividend. The ex-dividend date is Thursday, November 16th. This represents a $3.28 dividend on an annualized basis and a yield of 2.10%. This is an increase from Snap-On’s previous quarterly dividend of $0.71. Snap-On’s dividend payout ratio is currently 29.13%.

SNA has been the topic of a number of research reports. BidaskClub downgraded Snap-On from a “sell” rating to a “strong sell” rating in a report on Wednesday, August 23rd. Longbow Research downgraded Snap-On from a “buy” rating to a “neutral” rating in a report on Monday, August 21st. Robert W. Baird reiterated an “outperform” rating and issued a $197.00 target price on shares of Snap-On in a report on Wednesday, August 2nd. FBR & Co reiterated a “buy” rating and issued a $205.00 target price on shares of Snap-On in a report on Thursday, October 19th. Finally, Zacks Investment Research upgraded Snap-On from a “sell” rating to a “hold” rating in a report on Monday, October 9th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and seven have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $192.00.

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Snap-On Profile

Snap-on Incorporated is a manufacturer and marketer of tools, equipment, diagnostics, repair information and systems solutions. The Company’s segments include the Commercial & Industrial Group, the Snap-on Tools Group, the Repair Systems & Information Group, and Financial Services. The Commercial & Industrial Group consists of business operations serving a range of industrial and commercial customers, including customers in the aerospace, natural resources, government, power generation, transportation and technical education markets.

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

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