Snap-on (SNA) Position Trimmed by American Century Companies Inc.

American Century Companies Inc. reduced its position in Snap-on (NYSE:SNA) by 93.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 17,330 shares of the company’s stock after selling 253,734 shares during the quarter. American Century Companies Inc.’s holdings in Snap-on were worth $2,557,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. First Trust Advisors LP grew its stake in Snap-on by 147.6% in the 4th quarter. First Trust Advisors LP now owns 433,341 shares of the company’s stock worth $75,531,000 after acquiring an additional 258,310 shares in the last quarter. Elkfork Partners LLC bought a new position in Snap-on in the 4th quarter worth about $36,979,000. Fenimore Asset Management Inc. grew its stake in Snap-on by 221.5% in the 4th quarter. Fenimore Asset Management Inc. now owns 220,331 shares of the company’s stock worth $38,404,000 after acquiring an additional 151,797 shares in the last quarter. Dearborn Partners LLC grew its stake in Snap-on by 2,788.0% in the 1st quarter. Dearborn Partners LLC now owns 132,155 shares of the company’s stock worth $19,498,000 after acquiring an additional 127,579 shares in the last quarter. Finally, Teacher Retirement System of Texas grew its stake in Snap-on by 2,817.0% in the 4th quarter. Teacher Retirement System of Texas now owns 127,792 shares of the company’s stock worth $22,274,000 after acquiring an additional 123,411 shares in the last quarter. 99.40% of the stock is currently owned by institutional investors.

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NYSE SNA opened at $151.23 on Monday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.57 and a current ratio of 2.28. Snap-on has a 52-week low of $140.83 and a 52-week high of $185.47. The company has a market cap of $8.56 billion, a PE ratio of 14.94, a price-to-earnings-growth ratio of 1.26 and a beta of 1.16.

Snap-on (NYSE:SNA) last released its quarterly earnings data on Thursday, April 19th. The company reported $2.79 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.73 by $0.06. Snap-on had a net margin of 15.50% and a return on equity of 20.63%. The firm had revenue of $935.50 million for the quarter, compared to the consensus estimate of $926.52 million. During the same period last year, the firm earned $2.39 earnings per share. The company’s quarterly revenue was up 5.5% on a year-over-year basis. equities analysts predict that Snap-on will post 11.64 earnings per share 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 paid a dividend of $0.82 per share. The ex-dividend date is Friday, May 18th. This represents a $3.28 dividend on an annualized basis and a dividend yield of 2.17%. Snap-on’s dividend payout ratio is presently 32.41%.

SNA has been the topic of a number of research analyst reports. Barrington Research restated a “buy” rating on shares of Snap-on in a research note on Thursday, March 8th. ValuEngine downgraded shares of Snap-on from a “hold” rating to a “sell” rating in a research note on Wednesday, May 2nd. Robert W. Baird restated a “buy” rating and issued a $210.00 target price on shares of Snap-on in a research note on Friday, April 20th. Zacks Investment Research upgraded shares of Snap-on from a “hold” rating to a “buy” rating and set a $178.00 target price on the stock in a research note on Wednesday, February 14th. Finally, B. Riley set a $205.00 target price on shares of Snap-on and gave the stock a “buy” rating in a research note on Monday, March 12th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $189.13.

Snap-on Company Profile

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.