Snap-on Incorporated (SNA) Stake Lessened by Amalgamated Bank

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.

In other news, SVP Thomas L. Kassouf sold 18,657 shares of the business’s stock in a transaction on Monday, February 25th. The shares were sold at an average price of $161.24, for a total transaction of $3,008,254.68. Following the completion of the sale, the senior vice president now directly owns 3,920 shares of the company’s stock, valued at $632,060.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director William Dudley Lehman sold 387 shares of the business’s stock in a transaction on Friday, February 15th. The shares were sold at an average price of $157.19, for a total transaction of $60,832.53. Following the sale, the director now directly owns 9,996 shares of the company’s stock, valued at $1,571,271.24. The disclosure for this sale can be found here. Insiders have sold 57,327 shares of company stock valued at $9,123,183 over the last three months. Insiders own 3.90% of the company’s stock.

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.

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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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