Candriam Luxembourg S.C.A. Lowers Stock Holdings in Snap-on Incorporated (NYSE:SNA)

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Candriam Luxembourg S.C.A. lowered its stake in shares of Snap-on Incorporated (NYSE:SNA) by 20.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 12,330 shares of the company’s stock after selling 3,176 shares during the quarter. Candriam Luxembourg S.C.A.’s holdings in Snap-on were worth $2,033,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Signaturefd LLC increased its position in shares of Snap-on by 326.7% during the 1st quarter. Signaturefd LLC now owns 192 shares of the company’s stock worth $30,000 after purchasing an additional 147 shares in the last quarter. FTB Advisors Inc. increased its holdings in shares of Snap-on by 120.5% in the first quarter. FTB Advisors Inc. now owns 366 shares of the company’s stock valued at $56,000 after purchasing an additional 200 shares in the last quarter. Zions Bancorporation N.A. acquired a new position in Snap-on during the 1st quarter worth $56,000. Quadrant Capital Group LLC raised its holdings in Snap-on by 408.9% during the 1st quarter. Quadrant Capital Group LLC now owns 402 shares of the company’s stock worth $60,000 after purchasing an additional 323 shares during the last quarter. Finally, Icon Wealth Partners LLC acquired a new stake in shares of Snap-on during the 1st quarter worth approximately $65,000.

Several research analysts have recently issued reports on SNA shares. Barrington Research restated a “buy” rating and issued a $185.00 price target on shares of Snap-on in a research report on Wednesday, May 29th. Northcoast Research reiterated a “neutral” rating on shares of Snap-on in a research report on Friday, May 17th. Oppenheimer set a $180.00 price objective on shares of Snap-on and gave the company a “buy” rating in a research report on Friday, July 19th. Longbow Research reissued a “hold” rating on shares of Snap-on in a research report on Monday, July 1st. Finally, Tigress Financial reaffirmed a “buy” rating on shares of Snap-on in a research note on Wednesday, July 24th. One analyst has rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $172.60.

In other news, Chairman Nicholas T. Pinchuk sold 19,403 shares of the firm’s stock in a transaction that occurred on Wednesday, June 19th. The shares were sold at an average price of $164.60, for a total value of $3,193,733.80. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, SVP Anup R. Banerjee sold 2,800 shares of the company’s stock in a transaction that occurred on Monday, July 22nd. The stock was sold at an average price of $150.40, for a total transaction of $421,120.00. Following the transaction, the senior vice president now owns 128 shares of the company’s stock, valued at $19,251.20. The disclosure for this sale can be found here. 3.90% of the stock is owned by company insiders.

Shares of NYSE SNA opened at $161.59 on Thursday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.70 and a current ratio of 2.48. The stock has a 50 day moving average price of $150.46 and a 200 day moving average price of $158.12. The stock has a market capitalization of $8.41 billion, a PE ratio of 13.68, a price-to-earnings-growth ratio of 1.43 and a beta of 1.25. Snap-on Incorporated has a 52 week low of $135.29 and a 52 week high of $189.46.

Snap-on (NYSE:SNA) last issued its earnings results on Thursday, July 18th. The company reported $3.22 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $3.21 by $0.01. The company had revenue of $951.30 million during the quarter, compared to the consensus estimate of $959.33 million. Snap-on had a return on equity of 21.40% and a net margin of 18.70%. The firm’s revenue for the quarter was down .3% compared to the same quarter last year. During the same period in the previous year, the company posted $3.11 EPS. As a group, research analysts forecast that Snap-on Incorporated will post 12.27 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Tuesday, August 20th were given a $0.95 dividend. This represents a $3.80 annualized dividend and a dividend yield of 2.35%. The ex-dividend date was Monday, August 19th. Snap-on’s payout ratio is 32.18%.

About Snap-on

Snap-on Incorporated manufactures and markets tools, equipment, diagnostics, and repair information and systems solutions for professional users worldwide. It operates through Commercial and Industrial Group, Snap-on Tools Group, and Repair Systems & Information Group segments. The company offers hand tools, including wrenches, sockets, ratchet wrenches, pliers, screwdrivers, punches and chisels, saws and cutting tools, pruning tools, torque measuring instruments, and other products; power tools, such as cordless, pneumatic, hydraulic, and corded tools; and tool storage products comprising tool chests, roll cabinets, and other products.

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

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