Assenagon Asset Management S.A. Has $2.42 Million Stock Holdings in Snap-on Incorporated (NYSE:SNA)

Assenagon Asset Management S.A. decreased its position in Snap-on Incorporated (NYSE:SNA) by 64.3% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 7,121 shares of the company’s stock after selling 12,807 shares during the period. Assenagon Asset Management S.A.’s holdings in Snap-on were worth $2,417,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in SNA. Reston Wealth Management LLC acquired a new position in Snap-on in the third quarter valued at about $30,000. Massmutual Trust Co. FSB ADV lifted its holdings in shares of Snap-on by 53.0% during the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 127 shares of the company’s stock valued at $37,000 after purchasing an additional 44 shares in the last quarter. Brooklyn Investment Group acquired a new position in shares of Snap-on in the 3rd quarter valued at approximately $39,000. Quarry LP increased its stake in Snap-on by 244.7% during the 2nd quarter. Quarry LP now owns 162 shares of the company’s stock worth $42,000 after purchasing an additional 115 shares in the last quarter. Finally, nVerses Capital LLC acquired a new stake in Snap-on during the 3rd quarter worth approximately $58,000. Institutional investors own 84.88% of the company’s stock.

Wall Street Analyst Weigh In

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

Insider Transactions at Snap-on

In related news, VP June C. Lemerand sold 3,500 shares of Snap-on 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 completion of the transaction, the vice president now owns 2,289 shares in the company, valued at approximately $830,586.54. This trade represents a 60.46 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Thomas J. Ward sold 12,737 shares of the company’s stock in a transaction that occurred on Monday, October 28th. The shares were sold at an average price of $333.21, for a total value of $4,244,095.77. Following the completion of the sale, the senior vice president now owns 55,401 shares in the company, valued at $18,460,167.21. This represents a 18.69 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 44,929 shares of company stock worth $15,645,074 in the last 90 days. Corporate insiders own 4.10% of the company’s stock.

Snap-on Price Performance

NYSE:SNA opened at $351.70 on Thursday. Snap-on Incorporated has a 52-week low of $252.98 and a 52-week high of $373.89. The company has a market cap of $18.47 billion, a P/E ratio of 18.10, a P/E/G ratio of 2.19 and a beta of 1.00. The company has a debt-to-equity ratio of 0.22, a quick ratio of 3.14 and a current ratio of 4.18. The stock’s 50-day simple moving average is $350.74 and its 200 day simple moving average is $312.37.

Snap-on Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Thursday, November 21st were given a dividend of $2.14 per share. This is a positive change from Snap-on’s previous quarterly dividend of $1.86. The ex-dividend date of this dividend was Thursday, November 21st. This represents a $8.56 annualized dividend and a dividend yield of 2.43%. Snap-on’s payout ratio is 44.06%.

Snap-on 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.