Snap-On Incorporated (SNA) Position Raised by Brown Advisory Inc.

Brown Advisory Inc. grew its stake in shares of Snap-On Incorporated (NYSE:SNA) by 2.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 22,300 shares of the company’s stock after acquiring an additional 525 shares during the period. Brown Advisory Inc.’s holdings in Snap-On were worth $3,323,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Morgan Dempsey Capital Management LLC lifted its position in shares of Snap-On by 63.7% during the 2nd quarter. Morgan Dempsey Capital Management LLC now owns 676 shares of the company’s stock valued at $107,000 after acquiring an additional 263 shares during the period. San Francisco Sentry Investment Group CA acquired a new stake in shares of Snap-On during the 2nd quarter valued at approximately $126,000. Acrospire Investment Management LLC lifted its position in shares of Snap-On by 700.0% during the 2nd quarter. Acrospire Investment Management LLC now owns 800 shares of the company’s stock valued at $126,000 after acquiring an additional 700 shares during the period. Lloyds Banking Group plc acquired a new stake in shares of Snap-On during the 2nd quarter valued at approximately $129,000. Finally, Commonwealth Bank of Australia lifted its position in shares of Snap-On by 4.4% during the 2nd quarter. Commonwealth Bank of Australia now owns 1,085 shares of the company’s stock valued at $171,000 after acquiring an additional 46 shares during the period. Institutional investors own 99.68% of the company’s stock.

Shares of Snap-On Incorporated (SNA) traded up $2.09 during trading on Thursday, hitting $170.71. The company had a trading volume of 120,125 shares, compared to its average volume of 613,002. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.75 and a quick ratio of 1.22. Snap-On Incorporated has a 1 year low of $140.83 and a 1 year high of $181.73. The firm has a market cap of $9,757.92, a P/E ratio of 17.27, a P/E/G ratio of 1.41 and a beta of 1.14.

Snap-On (NYSE:SNA) last issued its quarterly earnings data on Thursday, October 19th. The company reported $2.45 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.43 by $0.02. Snap-On had a return on equity of 20.82% and a net margin of 15.95%. The firm had revenue of $903.80 million during the quarter, compared to the consensus estimate of $889.22 million. During the same period in the previous year, the firm posted $2.22 EPS. The company’s quarterly revenue was up 8.4% compared to the same quarter last year. equities research analysts expect that Snap-On Incorporated will post 10.09 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 8th. Investors of record on Friday, November 17th will be given a dividend of $0.82 per share. This is an increase from Snap-On’s previous quarterly dividend of $0.71. This represents a $3.28 annualized dividend and a dividend yield of 1.92%. The ex-dividend date of this dividend is Thursday, November 16th. Snap-On’s payout ratio is currently 33.64%.

SNA has been the subject of a number of research reports. Longbow Research downgraded shares of Snap-On from a “buy” rating to a “neutral” rating in a research report on Monday, August 21st. BidaskClub downgraded shares of Snap-On from a “sell” rating to a “strong sell” rating in a research report on Wednesday, August 23rd. FBR & Co reiterated a “buy” rating and set a $205.00 price target on shares of Snap-On in a research report on Thursday, October 19th. Zacks Investment Research downgraded shares of Snap-On from a “hold” rating to a “sell” rating in a research report on Wednesday, September 20th. Finally, Jefferies Group reiterated a “hold” rating and set a $175.00 price target on shares of Snap-On in a research report on Friday, November 3rd. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and seven have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $192.00.

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Snap-On Profile

Snap-on Incorporated is a manufacturer and marketer of tools, equipment, diagnostics, repair information and systems solutions. The Company’s segments include the Commercial & Industrial Group, the Snap-on Tools Group, the Repair Systems & Information Group, and Financial Services. The Commercial & Industrial Group consists of business operations serving a range of industrial and commercial customers, including customers in the aerospace, natural resources, government, power generation, transportation and technical education markets.

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Institutional Ownership by Quarter for Snap-On (NYSE:SNA)

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