Snap-on Incorporated (NYSE:SNA) Stock Holdings Lifted by Coldstream Capital Management Inc.

Coldstream Capital Management Inc. raised its position in shares of Snap-on Incorporated (NYSE:SNA) by 2.5% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,831 shares of the company’s stock after purchasing an additional 44 shares during the period. Coldstream Capital Management Inc.’s holdings in Snap-on were worth $536,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in SNA. Assenagon Asset Management S.A. lifted its stake in Snap-on by 248.8% in the second quarter. Assenagon Asset Management S.A. now owns 48,697 shares of the company’s stock valued at $12,729,000 after acquiring an additional 34,737 shares during the last quarter. Blue Trust Inc. lifted its stake in shares of Snap-on by 15.1% in the 2nd quarter. Blue Trust Inc. now owns 2,946 shares of the company’s stock valued at $770,000 after purchasing an additional 387 shares during the last quarter. Brookstone Capital Management bought a new stake in Snap-on in the second quarter worth $246,000. Hennion & Walsh Asset Management Inc. increased its position in Snap-on by 84.6% during the second quarter. Hennion & Walsh Asset Management Inc. now owns 2,630 shares of the company’s stock worth $687,000 after buying an additional 1,205 shares during the last quarter. Finally, Apollon Wealth Management LLC raised its holdings in Snap-on by 8.0% during the second quarter. Apollon Wealth Management LLC now owns 7,375 shares of the company’s stock valued at $1,928,000 after buying an additional 544 shares in the last quarter. 84.88% of the stock is currently owned by institutional investors and hedge funds.

Snap-on Stock Down 0.1 %

SNA opened at $355.11 on Friday. The business has a 50 day moving average of $340.72 and a 200-day moving average of $297.02. The stock has a market capitalization of $18.65 billion, a price-to-earnings ratio of 18.28, a P/E/G ratio of 2.35 and a beta of 0.98. The company has a current ratio of 4.18, a quick ratio of 3.14 and a debt-to-equity ratio of 0.22. Snap-on Incorporated has a 1-year low of $252.98 and a 1-year high of $373.89.

Snap-on (NYSE:SNA) last posted its quarterly earnings results on Thursday, October 17th. The company reported $4.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.58 by $0.12. Snap-on had a net margin of 22.13% and a return on equity of 19.44%. The company had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.16 billion. As a group, sell-side analysts anticipate that Snap-on Incorporated will post 19.05 earnings per share for the current year.

Snap-on Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Thursday, November 21st were issued a $2.14 dividend. This is a boost from Snap-on’s previous quarterly dividend of $1.86. The ex-dividend date was Thursday, November 21st. This represents a $8.56 annualized dividend and a yield of 2.41%. Snap-on’s dividend payout ratio is 44.06%.

Insider Transactions at Snap-on

In related news, VP Richard Thomas Miller sold 1,750 shares of the company’s stock in a transaction dated Friday, October 18th. The shares were sold at an average price of $330.00, for a total value of $577,500.00. Following the sale, the vice president now owns 3,218 shares of the company’s stock, valued at $1,061,940. The trade was a 35.23 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP June C. Lemerand sold 3,500 shares of the firm’s stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $362.86, for a total transaction of $1,270,010.00. Following the transaction, the vice president now owns 2,289 shares of the company’s stock, valued at approximately $830,586.54. This represents a 60.46 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 45,814 shares of company stock valued at $15,627,963. 4.10% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

SNA has been the subject of several recent analyst reports. Roth Mkm upped their price target on Snap-on from $324.00 to $365.00 and gave the stock a “buy” rating in a research note on Tuesday, October 22nd. Bank of America increased their price target on Snap-on from $255.00 to $280.00 and gave the company an “underperform” rating in a report on Friday, October 18th. Tigress Financial lifted their price target on shares of Snap-on from $336.00 to $385.00 and gave the company a “buy” rating in a research report on Friday, October 25th. Barrington Research upped their price objective on shares of Snap-on from $325.00 to $350.00 and gave the stock an “outperform” rating in a report on Thursday, October 17th. Finally, Robert W. Baird lifted their target price on shares of Snap-on from $290.00 to $347.00 and gave the stock a “neutral” rating in a report on Friday, October 18th. One analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $345.40.

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.