New York State Common Retirement Fund Sells 18,987 Shares of Snap-on Incorporated (NYSE:SNA)

New York State Common Retirement Fund decreased its holdings in Snap-on Incorporated (NYSE:SNA) by 11.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 141,236 shares of the company’s stock after selling 18,987 shares during the quarter. New York State Common Retirement Fund owned 0.27% of Snap-on worth $40,795,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. BKM Wealth Management LLC bought a new position in Snap-on in the 4th quarter valued at about $33,000. Exchange Traded Concepts LLC purchased a new stake in Snap-on in the 4th quarter valued at about $43,000. Peoples Bank KS purchased a new stake in Snap-on in the 3rd quarter valued at about $40,000. Fortitude Family Office LLC purchased a new stake in Snap-on in the 4th quarter valued at about $49,000. Finally, Bruce G. Allen Investments LLC purchased a new stake in Snap-on in the 4th quarter valued at about $53,000. Institutional investors own 84.88% of the company’s stock.

Insider Buying and Selling at Snap-on

In other Snap-on news, CFO Aldo John Pagliari sold 3,231 shares of the company’s stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $270.58, for a total value of $874,243.98. Following the transaction, the chief financial officer now directly owns 93,183 shares in the company, valued at approximately $25,213,456.14. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Snap-on news, SVP Anup R. Banerjee sold 12,397 shares of the company’s stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $283.13, for a total value of $3,509,962.61. Following the transaction, the senior vice president now directly owns 11,420 shares in the company, valued at approximately $3,233,344.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Aldo John Pagliari sold 3,231 shares of the company’s stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $270.58, for a total value of $874,243.98. Following the completion of the transaction, the chief financial officer now owns 93,183 shares in the company, valued at $25,213,456.14. The disclosure for this sale can be found here. Insiders sold a total of 47,368 shares of company stock valued at $13,399,449 in the last three months. Company insiders own 4.10% of the company’s stock.

Snap-on Stock Up 0.8 %

Snap-on stock opened at $273.59 on Thursday. Snap-on Incorporated has a 1-year low of $247.68 and a 1-year high of $298.49. The firm has a market capitalization of $14.42 billion, a price-to-earnings ratio of 14.35, a P/E/G ratio of 1.87 and a beta of 0.99. The company has a current ratio of 3.82, a quick ratio of 2.83 and a debt-to-equity ratio of 0.23. The firm has a 50 day simple moving average of $283.98 and a 200 day simple moving average of $278.76.

Snap-on (NYSE:SNA) last released its quarterly earnings data on Thursday, April 18th. The company reported $4.75 earnings per share for the quarter, beating analysts’ consensus estimates of $4.66 by $0.09. Snap-on had a net margin of 21.69% and a return on equity of 20.46%. The business had revenue of $1.18 billion during the quarter, compared to analyst estimates of $1.20 billion. During the same period in the previous year, the business earned $4.60 EPS. Snap-on’s revenue was down .1% compared to the same quarter last year. On average, analysts predict that Snap-on Incorporated will post 19.04 earnings per share for the current year.

Snap-on Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 11th. Shareholders of record on Monday, February 26th were issued a $1.86 dividend. This represents a $7.44 annualized dividend and a yield of 2.72%. The ex-dividend date of this dividend was Friday, February 23rd. Snap-on’s payout ratio is 39.03%.

Analyst Upgrades and Downgrades

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

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.