Snap-on Incorporated (SNA) Stake Increased by Bbva Compass Bancshares Inc.

Bbva Compass Bancshares Inc. grew its stake in shares of Snap-on Incorporated (NYSE:SNA) by 7.0% during the third quarter, Holdings Channel reports. The fund owned 9,051 shares of the company’s stock after buying an additional 592 shares during the quarter. Bbva Compass Bancshares Inc.’s holdings in Snap-on were worth $1,661,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in SNA. Raymond James Trust N.A. lifted its stake in shares of Snap-on by 17.2% in the 2nd quarter. Raymond James Trust N.A. now owns 2,147 shares of the company’s stock worth $345,000 after purchasing an additional 315 shares during the period. Synovus Financial Corp lifted its stake in shares of Snap-on by 6.3% in the 3rd quarter. Synovus Financial Corp now owns 5,502 shares of the company’s stock worth $1,010,000 after purchasing an additional 326 shares during the period. D.A. Davidson & CO. lifted its stake in shares of Snap-on by 3.9% in the 2nd quarter. D.A. Davidson & CO. now owns 9,735 shares of the company’s stock worth $1,565,000 after purchasing an additional 366 shares during the period. Creative Planning lifted its stake in shares of Snap-on by 6.1% in the 3rd quarter. Creative Planning now owns 6,465 shares of the company’s stock worth $1,187,000 after purchasing an additional 374 shares during the period. Finally, Itau Unibanco Holding S.A. lifted its stake in shares of Snap-on by 26.5% in the 2nd quarter. Itau Unibanco Holding S.A. now owns 2,126 shares of the company’s stock worth $342,000 after purchasing an additional 445 shares during the period.

In other Snap-on news, SVP Aldo John Pagliari sold 6,480 shares of the firm’s stock in a transaction that occurred on Wednesday, August 22nd. The shares were sold at an average price of $177.89, for a total transaction of $1,152,727.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 4.00% of the stock is currently owned by company insiders.

Several equities analysts have recently weighed in on SNA shares. Barrington Research reiterated a “buy” rating and issued a $196.00 price objective on shares of Snap-on in a research note on Tuesday, October 16th. Zacks Investment Research upgraded shares of Snap-on from a “hold” rating to a “buy” rating and set a $208.00 price objective on the stock in a research note on Thursday, October 4th. B. Riley set a $205.00 price objective on shares of Snap-on and gave the stock a “buy” rating in a research note on Tuesday, July 17th. Northcoast Research cut shares of Snap-on from a “buy” rating to a “neutral” rating in a research note on Tuesday, July 24th. Finally, Robert W. Baird decreased their target price on shares of Snap-on from $216.00 to $190.00 and set an “outperform” rating on the stock in a research note on Friday, October 19th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Snap-on has a consensus rating of “Buy” and an average target price of $195.40.

NYSE SNA opened at $157.82 on Wednesday. Snap-on Incorporated has a 12 month low of $141.63 and a 12 month high of $189.46. The company has a market cap of $8.83 billion, a price-to-earnings ratio of 15.59, a PEG ratio of 1.29 and a beta of 1.29. The company has a current ratio of 2.31, a quick ratio of 1.59 and a debt-to-equity ratio of 0.30.

Snap-on (NYSE:SNA) last released its earnings results on Thursday, October 18th. The company reported $2.88 EPS for the quarter, topping analysts’ consensus estimates of $2.86 by $0.02. Snap-on had a net margin of 16.86% and a return on equity of 21.35%. The company had revenue of $898.10 million for the quarter, compared to analysts’ expectations of $928.73 million. During the same quarter last year, the business earned $2.45 EPS. The firm’s revenue was down .6% compared to the same quarter last year. As a group, analysts expect that Snap-on Incorporated will post 11.8 earnings per share for the current year.

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Snap-on Profile

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

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

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