2 weeks Ago By ABMN Staff
American Century Companies Inc. increased its stake in Snap-on Incorporated ( NYSE:SNA – Free Report ) by 14.4% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission.
The institutional investor owned 76,348 shares of the company’s stock after purchasing an additional 9,596 shares during the period. American Century Companies Inc.’s holdings in Snap-on were worth $25,919,000 as of its most recent filing with the Securities & Exchange Commission.
Several other large investors also recently bought and sold shares of the stock. UMB Bank n.a.
lifted its stake in shares of Snap-on by 70.5% during the fourth quarter. UMB Bank n.
a. now owns 75 shares of the company’s stock worth $25,000 after buying an additional 31 shares during the period. SBI Securities Co.
Ltd. acquired a new stake in Snap-on during the 4th quarter worth about $26,000. Migdal Insurance & Financial Holdings Ltd.
purchased a new stake in Snap-on during the 4th quarter valued at about $28,000. Brooklyn Investment Group acquired a new position in shares of Snap-on in the third quarter valued at about $39,000. Finally, TCTC Holdings LLC raised its stake in shares of Snap-on by 41.
3% in the fourth quarter. TCTC Holdings LLC now owns 147 shares of the company’s stock worth $50,000 after purchasing an additional 43 shares during the last quarter. Hedge funds and other institutional investors own 84.
88% of the company’s stock. Snap-on Trading Down 1.9 % Snap-on stock opened at $329.
09 on Friday. The company has a current ratio of 4.15, a quick ratio of 3.
17 and a debt-to-equity ratio of 0.22. The firm has a market cap of $17.
25 billion, a PE ratio of 16.88, a P/E/G ratio of 2.21 and a beta of 0.
99. The stock’s 50 day simple moving average is $340.12 and its two-hundred day simple moving average is $333.
51. Snap-on Incorporated has a 12 month low of $252.98 and a 12 month high of $373.
90. Snap-on Announces Dividend The firm also recently declared a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Monday, February 24th were issued a $2.
14 dividend. The ex-dividend date was Monday, February 24th. This represents a $8.
56 dividend on an annualized basis and a yield of 2.60%. Snap-on’s payout ratio is 43.
90%. Wall Street Analyst Weigh In Several equities analysts recently weighed in on the stock. Barrington Research reiterated an “outperform” rating and issued a $350.
00 price target on shares of Snap-on in a report on Monday, February 10th. Tigress Financial raised their target price on shares of Snap-on from $385.00 to $390.
00 and gave the stock a “buy” rating in a report on Tuesday, March 4th. One analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $346.
40. View Our Latest Stock Analysis on Snap-on Insiders Place Their Bets In related news, CEO Nicholas T. Pinchuk sold 22,700 shares of the firm’s stock in a transaction dated Thursday, March 27th.
The shares were sold at an average price of $335.32, for a total value of $7,611,764.00.
Following the transaction, the chief executive officer now directly owns 793,932 shares of the company’s stock, valued at approximately $266,221,278.24. This trade represents a 2.
78 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website . Also, SVP Jesus Arregui sold 6,451 shares of the business’s stock in a transaction that occurred on Monday, February 10th.
The stock was sold at an average price of $337.81, for a total value of $2,179,212.31.
Following the sale, the senior vice president now owns 257 shares of the company’s stock, valued at approximately $86,817.17. This trade represents a 96.
17 % decrease in their ownership of the stock. The disclosure for this sale can be found here . Over the last 90 days, insiders have sold 36,011 shares of company stock worth $12,116,859.
3.90% of the stock is owned by corporate insiders. About Snap-on ( Free Report ) 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. Featured Stories Want to see what other hedge funds are holding SNA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Snap-on Incorporated ( NYSE:SNA – Free Report ).
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