American International Group Inc. Sells 2,821 Shares of Snap-On Incorporated (SNA)

American International Group Inc. reduced its position in Snap-On Incorporated (NYSE:SNA) by 12.8% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 19,289 shares of the company’s stock after selling 2,821 shares during the quarter. American International Group Inc.’s holdings in Snap-On were worth $2,874,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in shares of Snap-On by 2.8% in the second quarter. Vanguard Group Inc. now owns 5,634,205 shares of the company’s stock worth $890,204,000 after acquiring an additional 151,800 shares during the period. BlackRock Inc. boosted its holdings in shares of Snap-On by 0.8% in the second quarter. BlackRock Inc. now owns 3,665,849 shares of the company’s stock worth $579,203,000 after acquiring an additional 27,641 shares during the period. Schroder Investment Management Group boosted its holdings in shares of Snap-On by 59.2% in the second quarter. Schroder Investment Management Group now owns 1,136,354 shares of the company’s stock worth $177,850,000 after acquiring an additional 422,366 shares during the period. Koch Industries Inc. boosted its holdings in shares of Snap-On by 64,484.7% in the second quarter. Koch Industries Inc. now owns 917,748 shares of the company’s stock worth $912,000 after acquiring an additional 916,327 shares during the period. Finally, Bessemer Group Inc. boosted its holdings in shares of Snap-On by 2.8% in the third quarter. Bessemer Group Inc. now owns 865,430 shares of the company’s stock worth $128,959,000 after acquiring an additional 23,656 shares during the period. 99.68% of the stock is owned by institutional investors and hedge funds.

A number of equities analysts have recently commented on the company. B. Riley reaffirmed a “buy” rating on shares of Snap-On in a report on Wednesday, November 1st. Jefferies Group reaffirmed a “hold” rating and issued a $175.00 price target on shares of Snap-On in a report on Friday, November 3rd. Barrington Research raised Snap-On from a “market perform” rating to an “outperform” rating and set a $185.00 price target for the company in a report on Monday, October 23rd. Oppenheimer reaffirmed a “buy” rating and issued a $177.00 price target on shares of Snap-On in a report on Thursday, October 19th. Finally, FBR & Co reaffirmed a “buy” rating and issued a $205.00 price target on shares of Snap-On in a report on Thursday, October 19th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and seven have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $192.00.

Snap-On Incorporated (NYSE SNA) traded up $1.26 during trading hours on Friday, reaching $172.19. The company had a trading volume of 392,681 shares, compared to its average volume of 435,910. The company has a market capitalization of $9,744.24, a price-to-earnings ratio of 17.25, a price-to-earnings-growth ratio of 1.41 and a beta of 1.14. Snap-On Incorporated has a 12 month low of $140.83 and a 12 month high of $181.73. The company has a quick ratio of 1.22, a current ratio of 1.75 and a debt-to-equity ratio of 0.26.

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

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 8th. Investors of record on Friday, November 17th were paid a dividend of $0.82 per share. This is a positive change from Snap-On’s previous quarterly dividend of $0.71. The ex-dividend date was Thursday, November 16th. This represents a $3.28 annualized dividend and a yield of 1.90%. Snap-On’s dividend payout ratio (DPR) is currently 33.64%.

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Snap-On Company 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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