California Public Employees Retirement System increased its holdings in shares of Snap-On Incorporated (NYSE:SNA) by 2.6% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 139,858 shares of the company’s stock after acquiring an additional 3,558 shares during the quarter. California Public Employees Retirement System owned approximately 0.25% of Snap-On worth $20,840,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the stock. Royce & Associates LP raised its stake in shares of Snap-On by 7.4% in the second quarter. Royce & Associates LP now owns 36,500 shares of the company’s stock valued at $5,767,000 after buying an additional 2,500 shares during the period. Strs Ohio raised its stake in shares of Snap-On by 5.4% in the third quarter. Strs Ohio now owns 441,422 shares of the company’s stock valued at $65,776,000 after buying an additional 22,690 shares during the period. Reinhart Partners Inc. bought a new stake in shares of Snap-On in the third quarter valued at $18,143,000. Fjarde AP Fonden Fourth Swedish National Pension Fund raised its stake in shares of Snap-On by 20.7% in the second quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 14,930 shares of the company’s stock valued at $2,359,000 after buying an additional 2,561 shares during the period. Finally, Schwab Charles Investment Management Inc. raised its stake in shares of Snap-On by 3.9% in the second quarter. Schwab Charles Investment Management Inc. now owns 257,225 shares of the company’s stock valued at $40,642,000 after buying an additional 9,614 shares during the period. Institutional investors and hedge funds own 99.40% of the company’s stock.

Snap-On Incorporated (NYSE:SNA) opened at $174.94 on Thursday. Snap-On Incorporated has a fifty-two week low of $140.83 and a fifty-two week high of $181.73. The company has a quick ratio of 1.22, a current ratio of 1.75 and a debt-to-equity ratio of 0.26. The stock has a market capitalization of $9,825.19, a PE ratio of 17.39, a PEG ratio of 1.42 and a beta of 1.14.

Snap-On (NYSE:SNA) last posted its quarterly earnings data on Thursday, October 19th. The company reported $2.45 earnings per share (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 during the quarter, compared to analysts’ expectations of $889.22 million. During the same period in the prior year, the business earned $2.22 EPS. The company’s revenue for the quarter was up 8.4% compared to the same quarter last year. research analysts anticipate that Snap-On Incorporated will post 10.09 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, December 8th. Stockholders of record on Friday, November 17th were paid a $0.82 dividend. This represents a $3.28 dividend on an annualized basis and a dividend yield of 1.87%. The ex-dividend date was Thursday, November 16th. This is a positive change from Snap-On’s previous quarterly dividend of $0.71. Snap-On’s payout ratio is 33.64%.

Several analysts have issued reports on SNA shares. B. Riley restated a “buy” rating on shares of Snap-On in a research note on Wednesday, November 1st. Zacks Investment Research upgraded Snap-On from a “hold” rating to a “buy” rating and set a $193.00 price target for the company in a research report on Wednesday. Oppenheimer reiterated a “buy” rating and issued a $177.00 price target on shares of Snap-On in a research report on Thursday, October 19th. FBR & Co reiterated a “buy” rating and issued a $205.00 price target on shares of Snap-On in a research report on Thursday, October 19th. Finally, Jefferies Group reiterated a “hold” rating and issued a $175.00 price target on shares of Snap-On in a research report on Friday, November 3rd. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and eight have issued a buy rating to the stock. Snap-On presently has an average rating of “Buy” and a consensus target price of $192.13.

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Snap-On Company 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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