Bailard Inc. Has $3.78 Million Position in Snap-on Incorporated (SNA)

Bailard Inc. reduced its stake in Snap-on Incorporated (NYSE:SNA) by 17.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 21,695 shares of the company’s stock after selling 4,582 shares during the quarter. Bailard Inc.’s holdings in Snap-on were worth $3,781,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Amica Retiree Medical Trust purchased a new stake in shares of Snap-on during the 3rd quarter valued at $165,000. Glenview State Bank Trust DEPT. purchased a new stake in shares of Snap-on during the 4th quarter valued at $206,000. Jacobi Capital Management LLC purchased a new stake in shares of Snap-on during the 3rd quarter valued at $215,000. Visionary Asset Management Inc. purchased a new stake in shares of Snap-on during the 3rd quarter valued at $215,000. Finally, Ameritas Investment Partners Inc. increased its position in shares of Snap-on by 1.7% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 1,411 shares of the company’s stock valued at $222,000 after purchasing an additional 23 shares during the last quarter. 99.00% of the stock is owned by institutional investors and hedge funds.

Snap-on Incorporated (NYSE:SNA) opened at $159.03 on Thursday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.24 and a current ratio of 1.78. The firm has a market capitalization of $8,986.61, a price-to-earnings ratio of 15.56, a PEG ratio of 1.33 and a beta of 1.09. Snap-on Incorporated has a 12 month low of $140.83 and a 12 month high of $185.47.

Snap-on (NYSE:SNA) last posted its quarterly earnings results on Thursday, February 8th. The company reported $2.69 earnings per share for the quarter, topping the consensus estimate of $2.66 by $0.03. The company had revenue of $974.60 million during the quarter, compared to the consensus estimate of $940.50 million. Snap-on had a return on equity of 20.54% and a net margin of 15.13%. The firm’s quarterly revenue was up 9.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.47 EPS. research analysts forecast that Snap-on Incorporated will post 11.48 earnings per share for the current fiscal year.

Several equities research analysts have recently issued reports on SNA shares. Zacks Investment Research raised Snap-on from a “hold” rating to a “buy” rating and set a $178.00 target price for the company in a research report on Wednesday. B. Riley reaffirmed a “buy” rating and set a $205.00 target price on shares of Snap-on in a research report on Thursday, January 4th. Oppenheimer reaffirmed a “buy” rating and set a $177.00 target price on shares of Snap-on in a research report on Thursday, October 19th. FBR & Co reaffirmed a “buy” rating and set a $205.00 target price on shares of Snap-on in a research report on Thursday, October 19th. Finally, Robert W. Baird reaffirmed a “buy” rating and set a $220.00 target price (up from $184.00) on shares of Snap-on in a research report on Monday, January 29th. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, two have issued a hold rating and seven have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $192.00.

In other news, SVP Anup R. Banerjee sold 2,091 shares of the stock in a transaction on Monday, February 12th. The stock was sold at an average price of $160.11, for a total transaction of $334,790.01. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director William Dudley Lehman sold 387 shares of the stock in a transaction on Monday, February 12th. The stock was sold at an average price of $160.60, for a total value of $62,152.20. Following the transaction, the director now owns 8,376 shares of the company’s stock, valued at approximately $1,345,185.60. The disclosure for this sale can be found here. Insiders have sold a total of 43,838 shares of company stock valued at $7,616,330 in the last quarter. 3.70% of the stock is owned by corporate insiders.

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About Snap-on

Snap-on Incorporated is a manufacturer and marketer of tools, equipment, diagnostics, repair information and systems solutions. The Company’s segments include the Commercial & Industrial Group, the Snap-on Tools Group, the Repair Systems & Information Group, and Financial Services. The Commercial & Industrial Group consists of business operations serving a range of industrial and commercial customers, including customers in the aerospace, natural resources, government, power generation, transportation and technical education markets.

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

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