UBS Oconnor LLC increased its stake in Snap-On Incorporated (NYSE:SNA) by 70.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 142,500 shares of the company’s stock after buying an additional 58,976 shares during the period. UBS Oconnor LLC owned about 0.25% of Snap-On worth $24,035,000 as of its most recent filing with the SEC.
Other institutional investors also recently bought and sold shares of the company. Trust Department MB Financial Bank N A raised its position in Snap-On by 0.5% in the first quarter. Trust Department MB Financial Bank N A now owns 1,832 shares of the company’s stock valued at $309,000 after buying an additional 9 shares in the last quarter. Adirondack Trust Co. raised its position in Snap-On by 2.5% in the first quarter. Adirondack Trust Co. now owns 624 shares of the company’s stock valued at $105,000 after buying an additional 15 shares in the last quarter. Intrust Bank NA raised its position in Snap-On by 0.8% in the first quarter. Intrust Bank NA now owns 3,062 shares of the company’s stock valued at $516,000 after buying an additional 23 shares in the last quarter. Investment Management of Virginia LLC raised its position in Snap-On by 0.4% in the first quarter. Investment Management of Virginia LLC now owns 8,450 shares of the company’s stock valued at $1,425,000 after buying an additional 30 shares in the last quarter. Finally, Pacer Advisors Inc. raised its position in Snap-On by 2.9% in the first quarter. Pacer Advisors Inc. now owns 1,185 shares of the company’s stock valued at $200,000 after buying an additional 33 shares in the last quarter. 91.13% of the stock is owned by hedge funds and other institutional investors.
Shares of Snap-On Incorporated (SNA) traded down 1.58% during trading on Friday, reaching $152.43. The company’s stock had a trading volume of 1,209,955 shares. The firm’s 50-day moving average is $155.06 and its 200-day moving average is $165.76. The stock has a market capitalization of $8.78 billion, a PE ratio of 15.78 and a beta of 1.06. Snap-On Incorporated has a 12-month low of $145.17 and a 12-month high of $181.73.
Snap-On (NYSE:SNA) last issued its quarterly earnings results on Thursday, July 20th. The company reported $2.60 earnings per share for the quarter, topping the consensus estimate of $2.55 by $0.05. The business had revenue of $921.40 million during the quarter, compared to the consensus estimate of $920.87 million. Snap-On had a return on equity of 20.90% and a net margin of 16.22%. The company’s quarterly revenue was up 5.6% on a year-over-year basis. During the same quarter last year, the company earned $2.36 earnings per share. Equities analysts expect that Snap-On Incorporated will post $10.09 earnings per share for the current year.
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Several equities analysts have recently issued reports on the company. BidaskClub raised Snap-On from a “strong sell” rating to a “sell” rating in a research report on Wednesday, July 5th. Zacks Investment Research raised Snap-On from a “sell” rating to a “hold” rating in a research report on Wednesday, July 19th. Jefferies Group LLC reaffirmed a “hold” rating and issued a $175.00 price target on shares of Snap-On in a research report on Wednesday, May 31st. FBR & Co reissued an “outperform” rating and issued a $205.00 target price on shares of Snap-On in a research report on Tuesday, July 11th. Finally, Oppenheimer Holdings, Inc. reissued an “outperform” rating and issued a $200.00 target price on shares of Snap-On in a research report on Thursday, June 1st. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company. The company has an average rating of “Hold” and an average price target of $198.00.
In other Snap-On news, VP Iain Boyd sold 18,418 shares of the firm’s stock in a transaction dated Monday, July 24th. The stock was sold at an average price of $147.54, for a total value of $2,717,391.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 3.70% of the stock is currently owned by company insiders.
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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