Russell Investments Group Ltd. reduced its position in shares of Snap-On Incorporated (NYSE:SNA) by 77.2% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 35,001 shares of the company’s stock after selling 118,267 shares during the period. Russell Investments Group Ltd. owned 0.06% of Snap-On worth $5,215,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Cadence Capital Management LLC raised its stake in Snap-On by 0.4% during the 2nd quarter. Cadence Capital Management LLC now owns 1,891 shares of the company’s stock valued at $299,000 after purchasing an additional 8 shares during the last quarter. Ameritas Investment Partners Inc. raised its stake in shares of Snap-On by 1.7% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 1,411 shares of the company’s stock valued at $222,000 after buying an additional 23 shares in the last quarter. Commonwealth Bank of Australia raised its stake 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 buying an additional 46 shares in the last quarter. Synovus Financial Corp raised its stake in shares of Snap-On by 3.5% in the 2nd quarter. Synovus Financial Corp now owns 1,548 shares of the company’s stock valued at $247,000 after buying an additional 53 shares in the last quarter. Finally, Retirement Systems of Alabama raised its stake in shares of Snap-On by 0.3% in the 2nd quarter. Retirement Systems of Alabama now owns 28,097 shares of the company’s stock valued at $4,439,000 after buying an additional 75 shares in the last quarter. 99.68% of the stock is owned by institutional investors and hedge funds.

A number of equities analysts have recently issued reports on the stock. B. Riley restated a “buy” rating on shares of Snap-On in a research note on Wednesday, November 1st. Barrington Research upgraded shares of Snap-On from a “market perform” rating to an “outperform” rating and set a $185.00 target price for the company in a research report on Monday, October 23rd. Oppenheimer reiterated a “buy” rating and set a $177.00 target price on shares of Snap-On in a research report on Thursday, October 19th. Zacks Investment Research upgraded shares of Snap-On from a “sell” rating to a “hold” rating in a research report on Monday, October 9th. Finally, Jefferies Group reiterated a “hold” rating and set a $175.00 target price on shares of Snap-On in a research report on Friday, November 3rd. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and seven have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $192.00.

Shares of Snap-On Incorporated (SNA) traded down $0.86 during midday trading on Tuesday, hitting $171.33. 666,100 shares of the stock traded hands, compared to its average volume of 611,095. The company has a market cap of $9,816.07, a price-to-earnings ratio of 17.38, a PEG ratio of 1.42 and a beta of 1.14. 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 Incorporated has a one year low of $140.83 and a one year high of $181.73.

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

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 8th. Investors of record on Friday, November 17th were paid a dividend of $0.82 per share. This is a positive change from Snap-On’s previous quarterly dividend of $0.71. The ex-dividend date of this dividend was Thursday, November 16th. This represents a $3.28 annualized dividend and a yield of 1.91%. Snap-On’s dividend payout ratio (DPR) is presently 33.64%.

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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.

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

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