Wellington Shields Capital Management LLC continued to hold its stake in Snap-On Incorporated (NYSE:SNA) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 31,000 shares of the company’s stock at the end of the third quarter. Snap-On makes up 0.8% of Wellington Shields Capital Management LLC’s investment portfolio, making the stock its 23rd largest position. Wellington Shields Capital Management LLC owned about 0.05% of Snap-On worth $4,711,000 as of its most recent SEC filing.
Several other large investors also recently bought and sold shares of SNA. Adage Capital Partners GP L.L.C. increased its stake in shares of Snap-On by 151.8% in the second quarter. Adage Capital Partners GP L.L.C. now owns 477,235 shares of the company’s stock valued at $75,317,000 after buying an additional 287,711 shares during the last quarter. FMR LLC increased its stake in shares of Snap-On by 31.5% in the second quarter. FMR LLC now owns 850,151 shares of the company’s stock valued at $134,171,000 after buying an additional 203,722 shares during the last quarter. BlackRock Institutional Trust Company N.A. increased its stake in shares of Snap-On by 12.3% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 1,804,216 shares of the company’s stock valued at $284,741,000 after buying an additional 197,349 shares during the last quarter. Virginia Retirement Systems ET AL acquired a new stake in shares of Snap-On during the second quarter valued at $27,855,000. Finally, Bristol Gate Capital Partners Inc. acquired a new stake in shares of Snap-On during the second quarter valued at $26,506,000. 87.62% of the stock is owned by institutional investors and hedge funds.
Snap-On Incorporated (NYSE:SNA) traded up 0.57% on Wednesday, reaching $175.42. The company’s stock had a trading volume of 91,012 shares. The firm has a market capitalization of $10.18 billion, a price-to-earnings ratio of 19.58 and a beta of 1.09. Snap-On Incorporated has a 52 week low of $133.09 and a 52 week high of $178.57. The company has a 50 day moving average of $172.66 and a 200 day moving average of $159.75.
Snap-On (NYSE:SNA) last posted its quarterly earnings data on Thursday, October 20th. The company reported $2.22 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.15 by $0.07. Snap-On had a return on equity of 20.73% and a net margin of 15.67%. The company earned $834.10 million during the quarter, compared to analyst estimates of $709.70 million. During the same period in the previous year, the business earned $1.98 EPS. Snap-On’s quarterly revenue was up 1.5% on a year-over-year basis. On average, analysts forecast that Snap-On Incorporated will post $9.14 earnings per share for the current year.
Separately, Zacks Investment Research upgraded Snap-On from a “hold” rating to a “buy” rating and set a $191.00 price target on the stock in a report on Wednesday, November 23rd.
In other news, SVP Aldo John Pagliari sold 1,700 shares of the business’s stock in a transaction that occurred on Tuesday, January 3rd. The stock was sold at an average price of $171.42, for a total transaction of $291,414.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Jeanne M. Moreno sold 500 shares of the business’s stock in a transaction that occurred on Monday, October 24th. The stock was sold at an average price of $160.30, for a total value of $80,150.00. Following the transaction, the vice president now owns 7,027 shares in the company, valued at $1,126,428.10. The disclosure for this sale can be found here. Insiders own 3.40% of the company’s stock.
Snap-On Company Profile
Snap-On Incorporated is a manufacturer and marketer of tools, equipment, diagnostics, repair information and systems solutions for professional users. The Company’s segments include Commercial & Industrial Group, the Snap-on Tools Group, the Repair Systems & Information Group and Financial Services. Its Commercial & Industrial Group segment consists of business operations serving a range of industrial and commercial customers across the world.
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