Snap-on (SNA) Shares Bought by Schwab Charles Investment Management Inc.

Schwab Charles Investment Management Inc. boosted its position in Snap-on (NYSE:SNA) by 54.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 437,515 shares of the company’s stock after buying an additional 153,575 shares during the quarter. Schwab Charles Investment Management Inc. owned approximately 0.77% of Snap-on worth $64,551,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the stock. Canandaigua National Bank & Trust Co. grew its stake in Snap-on by 1.4% in the 4th quarter. Canandaigua National Bank & Trust Co. now owns 21,056 shares of the company’s stock valued at $3,670,000 after buying an additional 300 shares during the last quarter. First National Bank of Omaha grew its stake in Snap-on by 1.0% in the 4th quarter. First National Bank of Omaha now owns 29,599 shares of the company’s stock valued at $5,159,000 after buying an additional 307 shares during the last quarter. Public Employees Retirement Association of Colorado grew its stake in Snap-on by 3.4% in the 4th quarter. Public Employees Retirement Association of Colorado now owns 9,983 shares of the company’s stock valued at $1,740,000 after buying an additional 331 shares during the last quarter. Stonebridge Capital Advisors LLC grew its stake in Snap-on by 1.4% in the 4th quarter. Stonebridge Capital Advisors LLC now owns 26,251 shares of the company’s stock valued at $4,576,000 after buying an additional 350 shares during the last quarter. Finally, Reilly Herbert Faulkner III grew its stake in Snap-on by 1.4% in the 4th quarter. Reilly Herbert Faulkner III now owns 26,098 shares of the company’s stock valued at $4,549,000 after buying an additional 361 shares during the last quarter. Institutional investors and hedge funds own 99.40% of the company’s stock.

SNA has been the topic of a number of research analyst reports. Barrington Research reiterated a “buy” rating on shares of Snap-on in a research note on Thursday, March 8th. ValuEngine lowered shares of Snap-on from a “hold” rating to a “sell” rating in a research note on Wednesday, May 2nd. Robert W. Baird restated a “buy” rating and issued a $210.00 price target on shares of Snap-on in a research report on Friday, April 20th. Zacks Investment Research upgraded shares of Snap-on from a “hold” rating to a “buy” rating and set a $178.00 price target on the stock in a research report on Wednesday, February 14th. Finally, B. Riley set a $205.00 price target on shares of Snap-on and gave the stock a “buy” rating in a research report on Monday, March 12th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $189.13.

In other news, SVP Thomas J. Ward sold 5,743 shares of the firm’s stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $159.93, for a total transaction of $918,477.99. Following the completion of the transaction, the senior vice president now directly owns 51,840 shares of the company’s stock, valued at approximately $8,290,771.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Thomas L. Kassouf sold 96,000 shares of the firm’s stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $160.40, for a total transaction of $15,398,400.00. The disclosure for this sale can be found here. Company insiders own 4.00% of the company’s stock.

Snap-on opened at $151.83 on Friday, according to MarketBeat Ratings. The company has a current ratio of 2.28, a quick ratio of 1.57 and a debt-to-equity ratio of 0.31. The firm has a market capitalization of $8.53 billion, a price-to-earnings ratio of 14.32, a P/E/G ratio of 1.25 and a beta of 1.16. Snap-on has a 52-week low of $149.50 and a 52-week high of $150.58.

Snap-on (NYSE:SNA) last posted its quarterly earnings results on Thursday, April 19th. The company reported $2.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.73 by $0.06. The company had revenue of $935.50 million for the quarter, compared to analyst estimates of $926.52 million. Snap-on had a net margin of 15.50% and a return on equity of 20.63%. The business’s quarterly revenue was up 5.5% on a year-over-year basis. During the same period last year, the business posted $2.39 EPS. research analysts forecast that Snap-on will post 11.64 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, June 8th. Shareholders of record on Monday, May 21st will be given a $0.82 dividend. The ex-dividend date is Friday, May 18th. This represents a $3.28 annualized dividend and a yield of 2.16%. Snap-on’s dividend payout ratio is 32.41%.

About Snap-on

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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