Epoch Investment Partners Inc. Has $15.09 Million Stock Holdings in Snap-On Incorporated $SNA

Epoch Investment Partners Inc. cut its position in Snap-On Incorporated (NYSE:SNA) by 3.8% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 43,785 shares of the company’s stock after selling 1,745 shares during the period. Epoch Investment Partners Inc. owned about 0.08% of Snap-On worth $15,088,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Brown Advisory Inc. raised its holdings in shares of Snap-On by 0.4% during the fourth quarter. Brown Advisory Inc. now owns 20,976 shares of the company’s stock worth $7,228,000 after acquiring an additional 90 shares during the period. Atlas Capital Advisors Inc. acquired a new stake in shares of Snap-On during the fourth quarter worth $144,000. Kestra Advisory Services LLC raised its holdings in shares of Snap-On by 0.5% during the fourth quarter. Kestra Advisory Services LLC now owns 11,628 shares of the company’s stock worth $4,007,000 after acquiring an additional 62 shares during the period. Transamerica Financial Advisors LLC raised its holdings in shares of Snap-On by 26.5% during the fourth quarter. Transamerica Financial Advisors LLC now owns 870 shares of the company’s stock worth $300,000 after acquiring an additional 182 shares during the period. Finally, Marshall Wace LLP raised its holdings in shares of Snap-On by 722.7% during the fourth quarter. Marshall Wace LLP now owns 138,302 shares of the company’s stock worth $47,659,000 after acquiring an additional 121,491 shares during the period. 84.88% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

SNA has been the topic of a number of research analyst reports. Barclays initiated coverage on shares of Snap-On in a report on Thursday, May 28th. They set an “overweight” rating and a $420.00 price objective on the stock. Tigress Financial raised their price objective on shares of Snap-On from $405.00 to $445.00 and gave the stock a “buy” rating in a report on Friday, February 27th. Roth Mkm restated a “buy” rating and set a $431.00 price objective on shares of Snap-On in a report on Friday, April 24th. Weiss Ratings restated a “buy (b)” rating on shares of Snap-On in a report on Monday, April 20th. Finally, Robert W. Baird raised their target price on shares of Snap-On from $380.00 to $395.00 and gave the company a “neutral” rating in a research report on Friday, April 24th. Five analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Snap-On presently has an average rating of “Moderate Buy” and an average price target of $387.67.

Insider Activity

In other news, SVP Jesus Arregui sold 4,251 shares of the business’s stock in a transaction dated Wednesday, June 10th. The shares were sold at an average price of $383.92, for a total transaction of $1,632,043.92. Following the transaction, the senior vice president directly owned 4,439 shares in the company, valued at $1,704,220.88. The trade was a 48.92% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Nicholas T. Pinchuk sold 23,396 shares of the business’s stock in a transaction dated Tuesday, May 5th. The stock was sold at an average price of $375.77, for a total transaction of $8,791,514.92. Following the transaction, the chief executive officer owned 856,918 shares in the company, valued at $322,004,076.86. This represents a 2.66% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 35,117 shares of company stock valued at $13,192,082 over the last quarter. 3.80% of the stock is currently owned by company insiders.

Snap-On Trading Down 0.1%

Shares of Snap-On stock opened at $387.01 on Monday. Snap-On Incorporated has a 12-month low of $301.82 and a 12-month high of $400.88. The stock has a market cap of $20.05 billion, a P/E ratio of 19.98, a P/E/G ratio of 2.73 and a beta of 0.73. 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 business’s 50 day moving average is $374.84 and its 200-day moving average is $367.35.

Snap-On (NYSE:SNA) last announced its quarterly earnings data on Thursday, April 23rd. The company reported $4.69 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.75 by ($0.06). Snap-On had a return on equity of 17.13% and a net margin of 21.28%.The company had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.19 billion. During the same quarter in the prior year, the company earned $4.51 EPS. The company’s revenue for the quarter was up 5.8% on a year-over-year basis. Equities research analysts predict that Snap-On Incorporated will post 19.7 earnings per share for the current fiscal year.

Snap-On Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Wednesday, May 20th were paid a dividend of $2.44 per share. The ex-dividend date was Wednesday, May 20th. This represents a $9.76 annualized dividend and a dividend yield of 2.5%. Snap-On’s payout ratio is currently 50.39%.

Snap-On declared that its board has authorized a stock repurchase program on Thursday, April 30th that permits the company to buyback $500.00 million in outstanding shares. This buyback authorization permits the company to purchase up to 2.6% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.

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.