Public Employees Retirement System of Ohio Sells 774 Shares of Snap-On Incorporated (SNA)

Public Employees Retirement System of Ohio reduced its position in shares of Snap-On Incorporated (NYSE:SNA) by 0.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 124,949 shares of the company’s stock after selling 774 shares during the period. Public Employees Retirement System of Ohio owned about 0.22% of Snap-On worth $18,619,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of SNA. Delphi Management Inc. MA acquired a new stake in Snap-On in the third quarter valued at $2,428,000. Hahn Capital Management LLC raised its holdings in Snap-On by 1.0% in the third quarter. Hahn Capital Management LLC now owns 193,630 shares of the company’s stock valued at $28,853,000 after acquiring an additional 1,837 shares in the last quarter. Stonebridge Capital Advisors LLC raised its holdings in Snap-On by 4.6% in the third quarter. Stonebridge Capital Advisors LLC now owns 25,901 shares of the company’s stock valued at $3,860,000 after acquiring an additional 1,150 shares in the last quarter. Neuberger Berman Group LLC acquired a new stake in Snap-On in the third quarter valued at $249,000. Finally, Walthausen & Co. LLC raised its holdings in Snap-On by 17.4% in the third quarter. Walthausen & Co. LLC now owns 42,340 shares of the company’s stock valued at $6,309,000 after acquiring an additional 6,270 shares in the last quarter. 99.68% of the stock is currently owned by institutional investors and hedge funds.

Several analysts recently issued reports on the stock. B. Riley reaffirmed a “buy” rating on shares of Snap-On in a report on Wednesday, November 1st. Zacks Investment Research cut shares of Snap-On from a “hold” rating to a “sell” rating in a report on Wednesday, September 20th. Barrington Research raised shares of Snap-On from a “market perform” rating to an “outperform” rating and set a $185.00 price target on the stock 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, 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. Two research analysts have rated the stock with a sell rating, two have given a hold rating and seven have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $192.00.

Shares of Snap-On Incorporated (NYSE:SNA) traded up $2.70 during trading hours on Monday, hitting $168.20. 761,800 shares of the company’s stock were exchanged, compared to its average volume of 610,209. The firm has a market capitalization of $9,588.58, a PE ratio of 16.97, a price-to-earnings-growth ratio of 1.39 and a beta of 1.14. Snap-On Incorporated has a 52 week low of $140.83 and a 52 week 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 issued its earnings results on Thursday, October 19th. The company reported $2.45 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.43 by $0.02. The company had revenue of $903.80 million for the quarter, compared to analysts’ expectations of $889.22 million. Snap-On had a net margin of 15.95% and a return on equity of 20.82%. The firm’s revenue was up 8.4% compared to the same quarter last year. During the same period in the prior year, the company earned $2.22 earnings per share. sell-side analysts predict that Snap-On Incorporated will post 10.09 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, December 8th. Shareholders of record on Friday, November 17th were issued a dividend of $0.82 per share. This represents a $3.28 dividend on an annualized basis and a dividend yield of 1.95%. This is a boost from Snap-On’s previous quarterly dividend of $0.71. The ex-dividend date of this dividend was Thursday, November 16th. Snap-On’s dividend payout ratio is 33.64%.

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About Snap-On

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.

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

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