Gamco Investors INC. ET AL Has $1.19 Million Stock Position in Snap-on Incorporated (NYSE:SNA)

Gamco Investors INC. ET AL cut its position in shares of Snap-on Incorporated (NYSE:SNA) by 11.1% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,000 shares of the company’s stock after selling 500 shares during the period. Gamco Investors INC. ET AL’s holdings in Snap-on were worth $1,185,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in SNA. Scarborough Advisors LLC bought a new position in shares of Snap-on in the 4th quarter valued at approximately $30,000. Pacific Capital Wealth Advisors Inc. acquired a new stake in Snap-on in the 4th quarter valued at approximately $55,000. Fidelis Capital Partners LLC acquired a new stake in Snap-on in the 1st quarter valued at approximately $56,000. EntryPoint Capital LLC acquired a new stake in Snap-on in the 1st quarter valued at approximately $61,000. Finally, Venturi Wealth Management LLC grew its holdings in Snap-on by 17.2% in the 4th quarter. Venturi Wealth Management LLC now owns 272 shares of the company’s stock valued at $79,000 after buying an additional 40 shares during the last quarter. 84.88% of the stock is owned by hedge funds and other institutional investors.

Snap-on Stock Performance

Shares of NYSE:SNA traded up $7.19 during trading on Friday, hitting $280.66. 258,932 shares of the stock were exchanged, compared to its average volume of 348,910. Snap-on Incorporated has a 1-year low of $249.84 and a 1-year high of $298.49. The company has a market capitalization of $14.79 billion, a price-to-earnings ratio of 14.73, a price-to-earnings-growth ratio of 1.94 and a beta of 0.98. The company’s fifty day simple moving average is $267.66 and its 200-day simple moving average is $277.22. The company has a debt-to-equity ratio of 0.22, a quick ratio of 3.05 and a current ratio of 4.06.

Snap-on (NYSE:SNA) last announced its quarterly earnings results on Thursday, July 18th. The company reported $5.07 EPS for the quarter, beating the consensus estimate of $4.94 by $0.13. The business had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.20 billion. Snap-on had a return on equity of 19.90% and a net margin of 21.90%. Snap-on’s quarterly revenue was down 1.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $4.89 EPS. Sell-side analysts expect that Snap-on Incorporated will post 18.97 EPS for the current fiscal year.

Insider Activity at Snap-on

In other Snap-on news, CFO Aldo John Pagliari sold 5,978 shares of Snap-on stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of $276.86, for a total value of $1,655,069.08. Following the completion of the transaction, the chief financial officer now owns 97,699 shares in the company, valued at approximately $27,048,945.14. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other Snap-on news, CFO Aldo John Pagliari sold 5,978 shares of Snap-on stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of $276.86, for a total value of $1,655,069.08. Following the completion of the transaction, the chief financial officer now owns 97,699 shares in the company, valued at approximately $27,048,945.14. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Jesus Arregui sold 8,434 shares of Snap-on stock in a transaction on Wednesday, May 29th. The shares were sold at an average price of $265.17, for a total value of $2,236,443.78. Following the completion of the transaction, the senior vice president now owns 252 shares of the company’s stock, valued at approximately $66,822.84. The disclosure for this sale can be found here. Insiders have sold a total of 38,632 shares of company stock valued at $10,353,409 in the last 90 days. 4.10% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of analysts have issued reports on SNA shares. Barrington Research reaffirmed an “outperform” rating and issued a $325.00 target price on shares of Snap-on in a report on Tuesday, July 16th. Tigress Financial reaffirmed a “buy” rating and issued a $336.00 target price on shares of Snap-on in a report on Thursday. Roth Mkm reaffirmed a “buy” rating and issued a $324.00 target price on shares of Snap-on in a report on Tuesday, July 16th. Finally, Robert W. Baird lowered their target price on Snap-on from $282.00 to $275.00 and set a “neutral” rating on the stock in a report on Friday, July 12th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $315.00.

Snap-on Profile

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.