Amalgamated Bank decreased its holdings in Snap-on Incorporated (NYSE:SNA) by 1.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 11,265 shares of the company’s stock after selling 144 shares during the quarter. Amalgamated Bank’s holdings in Snap-on were worth $1,637,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also bought and sold shares of the stock. Comerica Bank increased its position in Snap-on by 0.4% in the fourth quarter. Comerica Bank now owns 16,342 shares of the company’s stock worth $2,653,000 after purchasing an additional 64 shares during the last quarter. Leavell Investment Management Inc. increased its position in Snap-on by 4.3% in the fourth quarter. Leavell Investment Management Inc. now owns 1,587 shares of the company’s stock worth $231,000 after purchasing an additional 65 shares during the last quarter. CWM LLC increased its position in Snap-on by 1.6% in the fourth quarter. CWM LLC now owns 4,443 shares of the company’s stock worth $646,000 after purchasing an additional 71 shares during the last quarter. Rehmann Capital Advisory Group increased its position in Snap-on by 10.1% in the fourth quarter. Rehmann Capital Advisory Group now owns 788 shares of the company’s stock worth $115,000 after purchasing an additional 72 shares during the last quarter. Finally, Whittier Trust Co. of Nevada Inc. increased its position in Snap-on by 4.1% in the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 1,859 shares of the company’s stock worth $270,000 after purchasing an additional 73 shares during the last quarter.
A number of research firms have weighed in on SNA. Zacks Investment Research upgraded shares of Snap-on from a “sell” rating to a “hold” rating in a research report on Thursday, April 11th. Robert W. Baird cut shares of Snap-on from an “outperform” rating to a “neutral” rating and cut their price objective for the company from $186.00 to $160.00 in a research report on Wednesday, April 10th. Finally, TheStreet upgraded shares of Snap-on from a “c+” rating to a “b-” rating in a research report on Friday, January 11th. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $185.33.
SNA stock opened at $156.40 on Tuesday. The company has a current ratio of 2.33, a quick ratio of 1.62 and a debt-to-equity ratio of 0.30. Snap-on Incorporated has a twelve month low of $135.29 and a twelve month high of $189.46. The firm has a market cap of $8.73 billion, a price-to-earnings ratio of 13.24, a PEG ratio of 1.43 and a beta of 1.26.
Snap-on (NYSE:SNA) last issued its earnings results on Thursday, February 7th. The company reported $3.03 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $3.03. The firm had revenue of $952.50 million during the quarter, compared to analyst estimates of $968.74 million. Snap-on had a net margin of 18.18% and a return on equity of 21.62%. The business’s revenue was down 2.3% on a year-over-year basis. During the same period in the previous year, the firm earned $2.69 earnings per share. As a group, analysts anticipate that Snap-on Incorporated will post 12.31 EPS for the current fiscal year.
ILLEGAL ACTIVITY WARNING: This piece was originally published by Baseball Daily News and is the property of of Baseball Daily News. If you are viewing this piece on another publication, it was illegally copied and republished in violation of international copyright law. The legal version of this piece can be viewed at https://www.baseballdailydigest.com/news/2019/04/16/snap-on-incorporated-sna-shares-sold-by-amalgamated-bank.html.
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.
Further Reading: What are benefits of a growth and income fund?
Receive News & Ratings for Snap-on Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Snap-on and related companies with MarketBeat.com's FREE daily email newsletter.