Robeco Institutional Asset Management B.V. Sells 8,087 Shares of Snap-on Incorporated (NYSE:SNA)

Robeco Institutional Asset Management B.V. lowered its stake in shares of Snap-on Incorporated (NYSE:SNA) by 10.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 65,798 shares of the company’s stock after selling 8,087 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Snap-on were worth $22,337,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Twelve Points Wealth Management LLC raised its stake in shares of Snap-on by 2.8% in the fourth quarter. Twelve Points Wealth Management LLC now owns 3,144 shares of the company’s stock valued at $1,067,000 after buying an additional 85 shares during the period. Perigon Wealth Management LLC raised its stake in Snap-on by 9.5% in the 4th quarter. Perigon Wealth Management LLC now owns 868 shares of the company’s stock valued at $300,000 after acquiring an additional 75 shares during the period. KBC Group NV boosted its position in Snap-on by 177.4% during the fourth quarter. KBC Group NV now owns 42,820 shares of the company’s stock worth $14,536,000 after purchasing an additional 27,383 shares during the period. Blue Trust Inc. boosted its position in Snap-on by 6.3% during the fourth quarter. Blue Trust Inc. now owns 3,821 shares of the company’s stock worth $1,297,000 after purchasing an additional 225 shares during the period. Finally, TI Trust Inc. purchased a new position in shares of Snap-on in the fourth quarter worth about $204,000. Hedge funds and other institutional investors own 84.88% of the company’s stock.

Snap-on Trading Up 1.5 %

Shares of Snap-on stock opened at $358.34 on Friday. The company has a 50 day simple moving average of $350.18 and a two-hundred day simple moving average of $315.80. The firm has a market cap of $18.82 billion, a PE ratio of 18.44, a PEG ratio of 2.21 and a beta of 1.00. Snap-on Incorporated has a 1 year low of $252.98 and a 1 year high of $373.89. The company has a debt-to-equity ratio of 0.22, a current ratio of 4.18 and a quick ratio of 3.14.

Snap-on Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Thursday, November 21st were issued a $2.14 dividend. This is a boost from Snap-on’s previous quarterly dividend of $1.86. This represents a $8.56 dividend on an annualized basis and a dividend yield of 2.39%. The ex-dividend date of this dividend was Thursday, November 21st. Snap-on’s dividend payout ratio is presently 44.06%.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on SNA shares. Robert W. Baird raised their price objective on shares of Snap-on from $290.00 to $347.00 and gave the stock a “neutral” rating in a report on Friday, October 18th. Tigress Financial increased their price objective on Snap-on from $336.00 to $385.00 and gave the stock a “buy” rating in a report on Friday, October 25th. Barrington Research raised their target price on Snap-on from $325.00 to $350.00 and gave the stock an “outperform” rating in a research note on Thursday, October 17th. Roth Mkm increased their price target on shares of Snap-on from $324.00 to $365.00 and gave the stock a “buy” rating in a report on Tuesday, October 22nd. Finally, Bank of America boosted their price objective on shares of Snap-on from $255.00 to $280.00 and gave the company an “underperform” rating in a research note on Friday, October 18th. One research analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $345.40.

Insider Activity

In other news, VP June C. Lemerand sold 3,500 shares of the firm’s stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $362.86, for a total transaction of $1,270,010.00. Following the transaction, the vice president now directly owns 2,289 shares of the company’s stock, valued at approximately $830,586.54. This trade represents a 60.46 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Nicholas T. Pinchuk sold 21,783 shares of the business’s stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $354.83, for a total value of $7,729,261.89. Following the completion of the sale, the chief executive officer now directly owns 769,738 shares of the company’s stock, valued at approximately $273,126,134.54. This trade represents a 2.75 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 32,192 shares of company stock worth $11,400,978. 4.10% of the stock is currently owned by insiders.

Snap-on Company Profile

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