Robeco Institutional Asset Management B.V. Has $22.34 Million Holdings in Snap-on Incorporated (NYSE:SNA)

Robeco Institutional Asset Management B.V. decreased its holdings in shares of Snap-on Incorporated (NYSE:SNA) by 10.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 65,798 shares of the company’s stock after selling 8,087 shares during the quarter. Robeco Institutional Asset Management B.V. owned 0.13% of Snap-on worth $22,337,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. UMB Bank n.a. increased its position in Snap-on by 70.5% during the 4th quarter. UMB Bank n.a. now owns 75 shares of the company’s stock worth $25,000 after purchasing an additional 31 shares in the last quarter. Reston Wealth Management LLC acquired a new position in shares of Snap-on during the third quarter worth $30,000. Massmutual Trust Co. FSB ADV lifted its stake in shares of Snap-on by 53.0% in the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 127 shares of the company’s stock valued at $37,000 after acquiring an additional 44 shares during the last quarter. Brooklyn Investment Group acquired a new stake in shares of Snap-on during the 3rd quarter valued at $39,000. Finally, Quarry LP grew its position in Snap-on by 244.7% during the 2nd quarter. Quarry LP now owns 162 shares of the company’s stock worth $42,000 after acquiring an additional 115 shares during the last quarter. Institutional investors own 84.88% of the company’s stock.

Insiders Place Their Bets

In other Snap-on news, CEO Nicholas T. Pinchuk sold 21,783 shares of the business’s stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $354.83, for a total transaction of $7,729,261.89. Following the completion of the sale, the chief executive officer now directly owns 769,738 shares of the company’s stock, valued at approximately $273,126,134.54. The trade was a 2.75 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP June C. Lemerand sold 3,500 shares of Snap-on stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $362.86, for a total value of $1,270,010.00. Following the transaction, the vice president now directly owns 2,289 shares in the company, valued at approximately $830,586.54. The trade was a 60.46 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 32,192 shares of company stock worth $11,400,978. Corporate insiders own 4.10% of the company’s stock.

Snap-on Price Performance

Shares of SNA opened at $358.34 on Friday. The firm has a market cap of $18.82 billion, a PE ratio of 18.44, a price-to-earnings-growth ratio of 2.21 and a beta of 1.00. Snap-on Incorporated has a 52-week low of $252.98 and a 52-week high of $373.89. The business’s 50 day moving average price is $350.18 and its two-hundred day moving average price is $315.80. The company has a debt-to-equity ratio of 0.22, a quick ratio of 3.14 and a current ratio of 4.18.

Snap-on Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Thursday, November 21st were paid a dividend of $2.14 per share. This is an increase from Snap-on’s previous quarterly dividend of $1.86. This represents a $8.56 dividend on an annualized basis and a yield of 2.39%. The ex-dividend date of this dividend was Thursday, November 21st. Snap-on’s dividend payout ratio is 44.06%.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on SNA. Barrington Research lifted their price target on Snap-on from $325.00 to $350.00 and gave the company an “outperform” rating in a research note on Thursday, October 17th. Tigress Financial lifted their target price on shares of Snap-on from $336.00 to $385.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. Roth Mkm upped their price target on shares of Snap-on from $324.00 to $365.00 and gave the company a “buy” rating in a research report on Tuesday, October 22nd. Bank of America lifted their price target on shares of Snap-on from $255.00 to $280.00 and gave the stock an “underperform” rating in a report on Friday, October 18th. Finally, Robert W. Baird raised their target price on Snap-on from $290.00 to $347.00 and gave the stock a “neutral” rating in a research report on Friday, October 18th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $345.40.

Snap-on Profile

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