Snap-on (SNA) Holdings Raised by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. boosted its stake in shares of Snap-on (NYSE:SNA) by 340.4% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 13,490 shares of the company’s stock after purchasing an additional 10,427 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Snap-on were worth $1,990,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in SNA. Pzena Investment Management LLC bought a new stake in Snap-on during the first quarter worth approximately $45,373,000. First Trust Advisors LP boosted its position in Snap-on by 147.6% during the fourth quarter. First Trust Advisors LP now owns 433,341 shares of the company’s stock worth $75,531,000 after purchasing an additional 258,310 shares during the period. Elkfork Partners LLC bought a new stake in Snap-on during the fourth quarter worth approximately $36,979,000. Deprince Race & Zollo Inc. bought a new stake in Snap-on during the fourth quarter worth approximately $27,660,000. Finally, Fenimore Asset Management Inc. boosted its position in Snap-on by 221.5% during the fourth quarter. Fenimore Asset Management Inc. now owns 220,331 shares of the company’s stock worth $38,404,000 after purchasing an additional 151,797 shares during the period. 99.40% of the stock is owned by hedge funds and other institutional investors.

In other news, SVP Thomas L. Kassouf sold 96,000 shares of the stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $160.40, for a total value of $15,398,400.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 4.00% of the stock is currently owned by corporate insiders.

SNA opened at $151.18 on Thursday. Snap-on has a 1-year low of $140.83 and a 1-year high of $185.47. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.28 and a quick ratio of 1.57. The company has a market capitalization of $8.75 billion, a PE ratio of 14.94, a price-to-earnings-growth ratio of 1.29 and a beta of 1.16.

Snap-on (NYSE:SNA) last posted its quarterly earnings data on Thursday, April 19th. The company reported $2.79 earnings per share for the quarter, beating the consensus estimate of $2.73 by $0.06. Snap-on had a return on equity of 20.63% and a net margin of 15.50%. The company had revenue of $935.50 million during the quarter, compared to analysts’ expectations of $926.52 million. During the same period in the prior year, the business earned $2.39 earnings per share. Snap-on’s revenue for the quarter was up 5.5% compared to the same quarter last year. sell-side analysts predict that Snap-on will post 11.64 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 8th. Stockholders of record on Monday, May 21st will be given a $0.82 dividend. The ex-dividend date of this dividend is Friday, May 18th. This represents a $3.28 annualized dividend and a dividend yield of 2.17%. Snap-on’s dividend payout ratio is 32.41%.

A number of brokerages have issued reports on SNA. Robert W. Baird reaffirmed a “buy” rating and set a $220.00 target price (up previously from $184.00) on shares of Snap-on in a research report on Monday, January 29th. They noted that the move was a valuation call. B. Riley set a $205.00 target price on Snap-on and gave the stock a “buy” rating in a research report on Thursday, February 8th. Barrington Research reaffirmed a “buy” rating on shares of Snap-on in a research report on Thursday, March 8th. Zacks Investment Research raised Snap-on from a “hold” rating to a “buy” rating and set a $178.00 target price for the company in a research report on Wednesday, February 14th. Finally, Northcoast Research set a $178.00 target price on Snap-on and gave the stock a “buy” rating in a research report on Monday, April 23rd. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $189.13.

About Snap-on

Snap-on Incorporated manufactures and markets tools, equipment, diagnostics, and repair information and systems solutions for professional users worldwide. The company operates through Commercial & Industrial Group, Snap-on Tools Group, Repair Systems & Information Group, and Financial Services segments.

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

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