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

Assenagon Asset Management S.A. decreased its position in Snap-on Incorporated (NYSE:SNA) by 64.3% during the 4th quarter, Holdings Channel.com reports. 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 as of its most recent filing with the Securities and Exchange Commission.

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

Snap-on Trading Down 0.7 %

Shares of SNA opened at $351.70 on Thursday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 3.14 and a current ratio of 4.18. Snap-on Incorporated has a 52-week low of $252.98 and a 52-week high of $373.89. The firm has a market cap of $18.47 billion, a price-to-earnings ratio of 18.10, a PEG ratio of 2.19 and a beta of 1.00. The business’s fifty day moving average is $350.74 and its 200-day moving average is $312.37.

Snap-on Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Thursday, November 21st were paid a dividend of $2.14 per share. This is an increase 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 yield of 2.43%. Snap-on’s payout ratio is presently 44.06%.

Insider Transactions at Snap-on

In other Snap-on news, CFO Aldo John Pagliari sold 6,909 shares of the stock in a transaction dated Wednesday, December 18th. The stock was sold at an average price of $347.62, for a total value of $2,401,706.58. Following the completion of the transaction, the chief financial officer now directly owns 100,668 shares in the company, valued at approximately $34,994,210.16. This trade represents a 6.42 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP June C. Lemerand sold 3,500 shares of Snap-on stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $362.86, for a total value of $1,270,010.00. Following the sale, the vice president now directly owns 2,289 shares in the company, valued at $830,586.54. The trade was a 60.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 44,929 shares of company stock valued at $15,645,074. 4.10% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

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

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.