Snap-On Incorporated (SNA) Shares Bought by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC lifted its position in shares of Snap-On Incorporated (NYSE:SNA) by 9.4% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 64,448 shares of the company’s stock after purchasing an additional 5,516 shares during the quarter. Janney Montgomery Scott LLC owned 0.11% of Snap-On worth $9,603,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of SNA. San Francisco Sentry Investment Group CA purchased a new stake in Snap-On in the 2nd quarter valued at $126,000. Acrospire Investment Management LLC raised its position in Snap-On by 700.0% in the 2nd quarter. Acrospire Investment Management LLC now owns 800 shares of the company’s stock valued at $126,000 after buying an additional 700 shares during the last quarter. Lloyds Banking Group plc purchased a new stake in Snap-On in the 2nd quarter valued at $129,000. Commonwealth Bank of Australia raised its position in 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 during the last quarter. Finally, Rowland & Co. Investment Counsel ADV raised its position in Snap-On by 40.4% in the 2nd quarter. Rowland & Co. Investment Counsel ADV now owns 1,095 shares of the company’s stock valued at $174,000 after buying an additional 315 shares during the last quarter. 99.68% of the stock is currently owned by institutional investors.

Snap-On Incorporated (SNA) traded down $0.86 during mid-day trading on Tuesday, hitting $171.33. The stock had a trading volume of 666,100 shares, compared to its average volume of 611,095. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.75 and a quick ratio of 1.22. The company has a market cap of $9,816.07, a P/E ratio of 17.38, a price-to-earnings-growth ratio of 1.42 and a beta of 1.14. Snap-On Incorporated has a 12 month low of $140.83 and a 12 month high of $181.73.

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

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

A number of equities research analysts recently commented on SNA shares. Longbow Research lowered Snap-On from a “buy” rating to a “neutral” rating in a research report on Monday, August 21st. BidaskClub lowered Snap-On from a “sell” rating to a “strong sell” rating in a research report on Wednesday, August 23rd. Zacks Investment Research lowered Snap-On from a “hold” rating to a “sell” rating in a research report on Wednesday, September 20th. FBR & Co reaffirmed a “buy” rating and set a $205.00 target price on shares of Snap-On in a research report on Thursday, October 19th. Finally, Oppenheimer reaffirmed a “buy” rating and set a $177.00 target price on shares of Snap-On in a research report on Thursday, October 19th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and seven have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target 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.

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

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