Duality Advisers LP Invests $999,000 in Snap-on Incorporated (NYSE:SNA)

Duality Advisers LP acquired a new stake in Snap-on Incorporated (NYSE:SNA) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 3,457 shares of the company’s stock, valued at approximately $999,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of SNA. SG Americas Securities LLC boosted its position in shares of Snap-on by 25.8% in the 3rd quarter. SG Americas Securities LLC now owns 4,441 shares of the company’s stock worth $1,133,000 after purchasing an additional 910 shares during the last quarter. Boston Trust Walden Corp boosted its holdings in Snap-on by 0.5% during the third quarter. Boston Trust Walden Corp now owns 190,986 shares of the company’s stock worth $48,713,000 after buying an additional 901 shares during the last quarter. Washington Trust Advisors Inc. acquired a new position in shares of Snap-on during the 3rd quarter worth about $89,000. RDA Financial Network increased its stake in shares of Snap-on by 5.3% in the 3rd quarter. RDA Financial Network now owns 2,035 shares of the company’s stock valued at $519,000 after acquiring an additional 103 shares during the last quarter. Finally, Oak Thistle LLC grew its position in shares of Snap-on by 107.4% in the 3rd quarter. Oak Thistle LLC now owns 2,286 shares of the company’s stock valued at $583,000 after acquiring an additional 1,184 shares during the period. 84.88% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on SNA shares. Roth Mkm reiterated a “buy” rating and issued a $324.00 target price on shares of Snap-on in a research note on Thursday, April 18th. Barrington Research reiterated an “outperform” rating and set a $325.00 target price on shares of Snap-on in a research note on Monday, April 15th. Robert W. Baird cut their price target on Snap-on from $295.00 to $282.00 and set a “neutral” rating for the company in a research note on Friday, April 19th. Finally, Tigress Financial restated a “buy” rating and set a $336.00 price objective on shares of Snap-on in a research note on Friday, February 16th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, Snap-on currently has an average rating of “Moderate Buy” and a consensus price target of $316.75.

Snap-on Price Performance

SNA stock opened at $271.30 on Wednesday. The stock has a market cap of $14.30 billion, a price-to-earnings ratio of 14.23, a P/E/G ratio of 1.85 and a beta of 0.99. The company has a debt-to-equity ratio of 0.23, a current ratio of 3.82 and a quick ratio of 2.83. The company has a 50 day simple moving average of $283.80 and a 200 day simple moving average of $278.68. Snap-on Incorporated has a 1 year low of $247.68 and a 1 year high of $298.49.

Snap-on (NYSE:SNA) last announced its quarterly earnings results on Thursday, April 18th. The company reported $4.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.66 by $0.09. Snap-on had a net margin of 21.69% and a return on equity of 20.46%. The company had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.20 billion. During the same period in the prior year, the business earned $4.60 earnings per share. The company’s revenue for the quarter was down .1% compared to the same quarter last year. Research analysts anticipate that Snap-on Incorporated will post 19.06 EPS for the current fiscal year.

Snap-on Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 11th. Stockholders of record on Monday, February 26th were paid a dividend of $1.86 per share. This represents a $7.44 dividend on an annualized basis and a dividend yield of 2.74%. The ex-dividend date was Friday, February 23rd. Snap-on’s payout ratio is 39.03%.

Insider Transactions at Snap-on

In related news, VP Richard Thomas Miller sold 704 shares of Snap-on stock in a transaction that occurred on Thursday, March 28th. The shares were sold at an average price of $298.16, for a total transaction of $209,904.64. Following the sale, the vice president now directly owns 3,213 shares in the company, valued at approximately $957,988.08. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other Snap-on news, CFO Aldo John Pagliari sold 3,231 shares of the stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $270.58, for a total transaction of $874,243.98. Following the completion of the sale, the chief financial officer now owns 93,183 shares of the company’s stock, valued at approximately $25,213,456.14. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Richard Thomas Miller sold 704 shares of Snap-on stock in a transaction on Thursday, March 28th. The stock was sold at an average price of $298.16, for a total transaction of $209,904.64. Following the transaction, the vice president now directly owns 3,213 shares of the company’s stock, valued at approximately $957,988.08. The disclosure for this sale can be found here. Over the last three months, insiders have sold 47,368 shares of company stock worth $13,399,449. Insiders own 4.10% of the company’s stock.

Snap-on Company 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.