US Bancorp DE purchased a new position in shares of Snap during the first quarter worth about $101,000. The company's stock had a trading volume of 29,967,351 shares. Seven Bridges Advisors LLC acquired a new position in shares of Snap during the second quarter valued at approximately $101,000. Doyle Wealth Management now owns 3,996 shares of the company's stock valued at $631,000 after buying an additional 13 shares in the last quarter. Suntrust Banks Inc. now owns 41,778 shares of the company's stock valued at $742,000 after buying an additional 15,919 shares during the period. Finally, Zevenbergen Capital Investments LLC increased its position in Snap by 81.2% in the second quarter. Parametric Portfolio Associates LLC bought a new position in shares of Snap during the second quarter valued at $4,645,000. Advisor Group Inc. increased its position in Snap by 26.1% in the second quarter. The Pioneer Investment Management Inc holds 62,485 shares with $10.70M value, up from 28,969 last quarter. Moreover, Howland Mgmt Ltd Liability Co has 0.16% invested in Snap-on Incorporated (NYSE:SNA). Pagliari Aldo John also sold $1.12M worth of Snap-on Incorporated (NYSE:SNA) on Wednesday, March 1. The company has a market cap of $8.80 billion, a price-to-earnings ratio of 15.81 and a beta of 1.05.
The stock last traded at $153.41 barely below $154.25, the stock's 50 day moving average and which is significantly below the 200 day moving average of $164.40.
Snap (NYSE:SNAP) last posted its earnings results on Wednesday, May 10th. Snap-On had a return on equity of 20.90% and a net margin of 16.22%. The firm had revenue of $181.70 million for the quarter, compared to analysts' expectations of $186.49 million. Next quarter's EPS is forecasted to be $2.69 and the next full year EPS is anticipated to be $11.26. Equities analysts expect that Snap will post ($0.56) EPS for the current fiscal year.
Additionally the company declared a dividend which will be paid on Friday the 8th of September 2017. Stockholders of record on Friday, August 18th will be given a dividend of $0.71 per share. This represents a $2.84 dividend on an annualized basis and a yield of 1.86%. The ex-dividend date is Wednesday the 17th of May 2017. Snap-On's dividend payout ratio is now 29.34%. Wells Fargo & Company started coverage on shares of Snap in a research report on Friday, March 31st. This repurchase authorization permits the company to purchase shares of its stock through open market purchases. Shares buyback programs are often a sign that the company's board believes its stock is undervalued.
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Several analysts recently issued reports on SNAP shares. As of quarter end Bailard, Inc. had sold 8,134 shares trimming its holdings by 24.6%.
SNAP has been the subject of a number of other reports. Zevenbergen Capital Investments LLC now owns 85,750 shares of the company's stock worth $1,524,000 after buying an additional 38,430 shares during the period. Finally, Instinet reaffirmed a reduce rating and set a $14.00 price objective on shares of Snap in a research report on Friday, June 9th. Citigroup Inc. reiterated a "neutral" rating and set a $13.00 price target (down from $19.00) on shares of Snap in a research report on Thursday. Nine research analysts have rated the stock with a sell rating, twenty have issued a hold rating and fifteen have assigned a buy rating to the company's stock. The stock has a consensus rating of "Hold" and a consensus price target of $19.42. UBS AG initiated coverage on shares of Snap in a research note on Monday, March 27th. The stock was sold at an average price of $147.54, for a total transaction of $2,717,391.72. The acquisition was disclosed in a document filed with the SEC, which is available at this link. The disclosure for this purchase can be found here.
Institutional investors have recently made changes to their positions in the stock.
Snap-on Incorporated is a manufacturer and marketer of tools, equipment, diagnostics, fix information and systems solutions. The Company's segments include the Commercial & Industrial Group, the Snap-on Tools Group, the Repair Systems & Information Group, and Financial Services.
Ener-Core, Inc. designs, develops, manufactures and has commercially deployed products based on technologies that generate base-load, clean power from polluting waste gases that are otherwise destroyed or vented into the atmosphere by a range of industries.
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