The firm's 50-day moving average is $174.95 and its 200 day moving average is $161.23.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. The stock had a trading volume of 432,684 shares. The last stock price is up 5.80% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has increased 0.06% over the same time period.
Snap-On (NYSE:SNA) last issued its earnings results on Thursday, February 2nd. The stock has a market cap of $9.69 billion, a P/E ratio of 18.64 and a beta of 1.05. Finally, Brinker Capital Inc. purchased a new stake in shares of Snap-On during the second quarter worth approximately $203,000. Snap-On had a return on equity of 20.89% and a net margin of 15.93%. Penserra Capital Management LLC now owns 989 shares of the company's stock worth $149,000 after buying an additional 482 shares in the last quarter. Shares registered one year high at $181.73 and the one year low of $130.96. The company reported $2.47 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $2.41 by $0.06. The firm's quarterly revenue was up 4.5% compared to the same quarter previous year. There were earnings of $2.22 per share. In the matter of earnings surprises, it can have a huge impact on a company's stock price. ING Groep NV raised its position in shares of Snap-On by 54.6% in the second quarter.
ILLEGAL ACTIVITY WARNING: "Snap-On Incorporated (SNA) Stake Decreased by Oak Ridge Investments LLC" was originally posted by The Cerbat Gem and is the property of of The Cerbat Gem. If you are viewing this article on another site, it was illegally copied and republished in violation of United States and worldwide copyright & trademark law. Sumitomo Mitsui Asset Management Company LTD now owns 4,447 shares of the company's stock worth $701,000 after buying an additional 36 shares in the last quarter.
A number of brokerages have recently commented on SNA.
Snap-On Inc (NYSE:SNA) had its stock rating reiterated as "Buy" in a report released by analysts at Wunderlich. Zacks Investment Research lowered Snap-On from a "buy" rating to a "hold" rating in a research note on Monday, November 21st. The shares were sold at an average price of $168.09, for a total value of $3,361,800.00.
In related news, Chairman Nicholas T. Pinchuk sold 20,544 shares of the stock in a transaction on Tuesday, November 22nd. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The shares were sold at an average price of $163.54, for a total transaction of $790,388.82. Following the completion of the transaction, the vice president now directly owns 2,698 shares of the company's stock, valued at $441,230.92. The disclosure for this sale can be found here. Corporate insiders own 3.40% of the company's stock. In the last three months, insiders have sold 50,889 shares of company stock worth $8,578,934.