UBS Group AG Acquires 144,926 Shares of Snap-On Incorporated $SNA

UBS Group AG boosted its holdings in Snap-On Incorporated (NYSE:SNA) by 30.7% during the 4th quarter, Holdings Channel.com reports. The fund owned 617,620 shares of the company’s stock after purchasing an additional 144,926 shares during the quarter. UBS Group AG’s holdings in Snap-On were worth $212,832,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Thurston Springer Miller Herd & Titak Inc. bought a new position in Snap-On in the 4th quarter valued at about $25,000. GoalVest Advisory LLC bought a new position in Snap-On in the 4th quarter valued at about $28,000. SJS Investment Consulting Inc. lifted its position in Snap-On by 1,880.0% in the 3rd quarter. SJS Investment Consulting Inc. now owns 99 shares of the company’s stock valued at $34,000 after acquiring an additional 94 shares in the last quarter. Quent Capital LLC bought a new position in Snap-On in the 3rd quarter valued at about $36,000. Finally, MUFG Securities EMEA plc bought a new position in Snap-On in the 2nd quarter valued at about $48,000. Institutional investors own 84.88% of the company’s stock.

Snap-On Price Performance

Snap-On stock opened at $376.80 on Wednesday. Snap-On Incorporated has a 52 week low of $301.76 and a 52 week high of $400.88. The company’s 50 day moving average price is $374.49 and its two-hundred day moving average price is $359.74. The company has a quick ratio of 2.74, a current ratio of 3.53 and a debt-to-equity ratio of 0.15. The stock has a market cap of $19.52 billion, a P/E ratio of 19.45, a P/E/G ratio of 2.69 and a beta of 0.77.

Snap-On (NYSE:SNA) last posted its earnings results on Thursday, April 23rd. The company reported $4.69 EPS for the quarter, missing the consensus estimate of $4.75 by ($0.06). Snap-On had a return on equity of 17.13% and a net margin of 21.28%.The firm had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.19 billion. During the same period in the prior year, the business earned $4.51 EPS. Snap-On’s quarterly revenue was up 5.8% compared to the same quarter last year. On average, equities analysts predict that Snap-On Incorporated will post 19.81 earnings per share for the current year.

Snap-On Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 10th. Shareholders of record on Tuesday, February 24th were given a dividend of $2.44 per share. The ex-dividend date of this dividend was Tuesday, February 24th. This represents a $9.76 annualized dividend and a dividend yield of 2.6%. Snap-On’s dividend payout ratio (DPR) is currently 50.39%.

Insider Activity at Snap-On

In other news, CEO Nicholas T. Pinchuk sold 23,229 shares of the firm’s stock in a transaction that occurred on Monday, February 23rd. The shares were sold at an average price of $383.36, for a total transaction of $8,905,069.44. Following the completion of the sale, the chief executive officer owned 846,562 shares in the company, valued at $324,538,008.32. This trade represents a 2.67% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Aldo John Pagliari sold 7,043 shares of the firm’s stock in a transaction that occurred on Thursday, February 19th. The stock was sold at an average price of $382.05, for a total transaction of $2,690,778.15. Following the sale, the chief financial officer owned 117,183 shares of the company’s stock, valued at approximately $44,769,765.15. The trade was a 5.67% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 39,650 shares of company stock worth $15,210,959. 3.80% of the stock is currently owned by company insiders.

Analyst Ratings Changes

SNA has been the topic of several recent research reports. Robert W. Baird raised their price target on shares of Snap-On from $380.00 to $395.00 and gave the company a “neutral” rating in a research report on Friday. Wall Street Zen cut shares of Snap-On from a “buy” rating to a “hold” rating in a research report on Saturday, February 7th. Tigress Financial raised their price target on shares of Snap-On from $405.00 to $445.00 and gave the company a “buy” rating in a research report on Friday, February 27th. Roth Mkm reissued a “buy” rating and set a $431.00 target price on shares of Snap-On in a research report on Friday. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Snap-On in a research report on Monday, April 20th. Four equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $381.20.

About Snap-On

Snap?On Incorporated (NYSE: SNA) is a designer, manufacturer and marketer of tools, diagnostic equipment, repair information and shop equipment for professional users. The company’s product range includes hand and power tools, tool storage and cabinets, diagnostic scan tools and software, shop equipment such as lifts and tire changers, and specialized specialty tools for automotive, aviation, marine and industrial applications. Snap?On also offers information and workflow solutions that combine diagnostic data, repair procedures and parts information to support professional technicians.

Founded in 1920 and headquartered in Kenosha, Wisconsin, Snap?On has established a long history in the professional tools market.