Andra AP fonden Has $6.87 Million Stake in Snap-on Incorporated (SNA)

Andra AP fonden boosted its position in Snap-on Incorporated (NYSE:SNA) by 41.1% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 37,400 shares of the company’s stock after purchasing an additional 10,900 shares during the period. Andra AP fonden owned about 0.07% of Snap-on worth $6,867,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Summit Trail Advisors LLC increased its stake in Snap-on by 7,857.1% in the 1st quarter. Summit Trail Advisors LLC now owns 104,158 shares of the company’s stock valued at $104,000 after purchasing an additional 102,849 shares in the last quarter. Piedmont Investment Advisors LLC purchased a new position in Snap-on in the 2nd quarter valued at approximately $107,000. Flagship Harbor Advisors LLC purchased a new position in Snap-on in the 2nd quarter valued at approximately $117,000. Conning Inc. purchased a new position in Snap-on in the 2nd quarter valued at approximately $207,000. Finally, Aureus Asset Management LLC purchased a new position in Snap-on in the 2nd quarter valued at approximately $214,000.

Several equities analysts recently weighed in on the company. Robert W. Baird dropped their price objective on Snap-on from $216.00 to $190.00 and set an “outperform” rating for the company in a research note on Friday. Barrington Research reaffirmed a “buy” rating and issued a $196.00 price objective on shares of Snap-on in a research note on Tuesday. Zacks Investment Research raised Snap-on from a “hold” rating to a “buy” rating and set a $208.00 price objective for the company in a research note on Thursday, October 4th. Northcoast Research downgraded Snap-on from a “buy” rating to a “neutral” rating in a research note on Tuesday, July 24th. Finally, B. Riley set a $205.00 price objective on Snap-on and gave the company a “buy” rating in a research note on Tuesday, July 17th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Snap-on has an average rating of “Buy” and a consensus price target of $192.00.

Shares of NYSE:SNA opened at $150.51 on Friday. The firm has a market cap of $9.45 billion, a price-to-earnings ratio of 14.87, a P/E/G ratio of 1.37 and a beta of 1.15. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.60 and a current ratio of 2.33. Snap-on Incorporated has a one year low of $141.63 and a one year high of $189.46.

Snap-on (NYSE:SNA) last announced its earnings results on Thursday, October 18th. The company reported $2.88 EPS for the quarter, beating analysts’ consensus estimates of $2.86 by $0.02. The firm had revenue of $898.10 million for the quarter, compared to analysts’ expectations of $928.73 million. Snap-on had a return on equity of 21.04% and a net margin of 16.04%. Snap-on’s quarterly revenue was down .6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.45 EPS. As a group, equities research analysts forecast that Snap-on Incorporated will post 11.81 earnings per share for the current year.

In other Snap-on news, SVP Aldo John Pagliari sold 6,480 shares of the stock in a transaction on Wednesday, August 22nd. The stock was sold at an average price of $177.89, for a total transaction of $1,152,727.20. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Chairman Nicholas T. Pinchuk sold 21,624 shares of the stock in a transaction on Tuesday, August 7th. The shares were sold at an average price of $169.79, for a total value of $3,671,538.96. Following the sale, the chairman now owns 443,955 shares in the company, valued at approximately $75,379,119.45. The disclosure for this sale can be found here. In the last quarter, insiders have sold 32,395 shares of company stock worth $5,553,865. 4.00% of the stock is owned by insiders.

Snap-on Company Profile

Snap-on Incorporated manufactures and markets tools, equipment, diagnostics, and repair information and systems solutions for professional users worldwide. The company operates through Commercial & Industrial Group, Snap-on Tools Group, Repair Systems & Information Group, and Financial Services segments.

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

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