Citizens Financial Group Inc RI Sells 155 Shares of Snap-on Incorporated (NYSE:SNA)

Citizens Financial Group Inc RI trimmed its holdings in Snap-on Incorporated (NYSE:SNAGet Rating) by 9.8% in the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 1,431 shares of the company’s stock after selling 155 shares during the quarter. Citizens Financial Group Inc RI’s holdings in Snap-on were worth $308,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the business. Moors & Cabot Inc. bought a new stake in shares of Snap-on in the third quarter worth approximately $25,000. Concord Wealth Partners purchased a new stake in Snap-on during the 4th quarter valued at $31,000. Northwest Investment Counselors LLC purchased a new stake in Snap-on during the 4th quarter valued at $32,000. Lumature Wealth Partners LLC lifted its holdings in shares of Snap-on by 63.4% during the 4th quarter. Lumature Wealth Partners LLC now owns 152 shares of the company’s stock valued at $33,000 after buying an additional 59 shares during the period. Finally, First Horizon Advisors Inc. boosted its stake in shares of Snap-on by 51.1% in the 3rd quarter. First Horizon Advisors Inc. now owns 334 shares of the company’s stock worth $35,000 after buying an additional 113 shares during the last quarter. 87.92% of the stock is owned by institutional investors and hedge funds.

Several research analysts have issued reports on the company. Tigress Financial raised their target price on Snap-on from $295.00 to $298.00 and gave the stock a “buy” rating in a research report on Monday, April 25th. StockNews.com assumed coverage on shares of Snap-on in a report on Thursday, March 31st. They issued a “buy” rating on the stock. Finally, Robert W. Baird upped their target price on shares of Snap-on from $240.00 to $242.00 in a report on Friday, February 4th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $251.25.

NYSE SNA opened at $216.40 on Thursday. Snap-on Incorporated has a 52 week low of $197.75 and a 52 week high of $257.98. The company has a quick ratio of 2.32, a current ratio of 3.16 and a debt-to-equity ratio of 0.27. The company has a market capitalization of $11.55 billion, a P/E ratio of 14.02, a price-to-earnings-growth ratio of 1.75 and a beta of 1.08. The stock’s 50-day moving average price is $213.55 and its 200-day moving average price is $213.01.

Snap-on (NYSE:SNAGet Rating) last released its earnings results on Thursday, April 21st. The company reported $4.00 EPS for the quarter, topping analysts’ consensus estimates of $3.66 by $0.34. The company had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $1.04 billion. Snap-on had a net margin of 19.54% and a return on equity of 20.34%. The firm’s revenue was up 7.1% compared to the same quarter last year. During the same quarter last year, the business earned $3.50 EPS. Research analysts anticipate that Snap-on Incorporated will post 15.74 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, June 10th. Investors of record on Friday, May 20th will be issued a $1.42 dividend. This represents a $5.68 annualized dividend and a yield of 2.62%. The ex-dividend date of this dividend is Thursday, May 19th. Snap-on’s dividend payout ratio is currently 36.81%.

Snap-on Profile (Get Rating)

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.

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

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