Renaissance Technologies LLC Has $30.16 Million Position in Snap

Renaissance Technologies LLC grew its holdings in shares of Snap-on Incorporated (NYSE:SNA - Get Rating) by 129.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 132,000 shares of the company's stock after acquiring an additional 74,500 shares during the period. Renaissance Technologies LLC owned 0.25% of Snap-on worth $30,161,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. State of Michigan Retirement System grew its stake in shares of Snap-on by 1.2% in the 4th quarter. State of Michigan Retirement System now owns 16,522 shares of the company's stock valued at $3,775,000 after buying an additional 200 shares during the period. Community Bank N.A. boosted its stake in Snap-on by 5,900.0% during the 4th quarter. Community Bank N.A. now owns 300 shares of the company's stock valued at $69,000 after purchasing an additional 295 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its stake in Snap-on by 6.8% during the 4th quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 37,685 shares of the company's stock valued at $8,644,000 after purchasing an additional 2,415 shares during the last quarter. Parallel Advisors LLC boosted its stake in Snap-on by 18.9% during the 4th quarter. Parallel Advisors LLC now owns 409 shares of the company's stock valued at $93,000 after purchasing an additional 65 shares during the last quarter. Finally, California Public Employees Retirement System boosted its stake in Snap-on by 15.6% during the 3rd quarter. California Public Employees Retirement System now owns 121,859 shares of the company's stock valued at $24,536,000 after purchasing an additional 16,429 shares during the last quarter. 85.19% of the stock is currently owned by institutional investors and hedge funds.

Snap-on stock opened at $269.86 on Thursday. The stock has a market cap of $14.28 billion, a P/E ratio of 15.48, a PEG ratio of 2.13 and a beta of 1.09. Snap-on Incorporated has a fifty-two week low of $190.08 and a fifty-two week high of $270.84. The firm's fifty day moving average price is $252.40 and its 200-day moving average price is $244.89. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.43 and a current ratio of 3.48.

Snap-on (NYSE:SNA - Get Rating) last released its quarterly earnings results on Thursday, April 20th. The company reported $4.60 earnings per share for the quarter, topping the consensus estimate of $4.14 by $0.46. The firm had revenue of $1.18 billion for the quarter, compared to analysts' expectations of $1.13 billion. Snap-on had a net margin of 20.60% and a return on equity of 21.17%. The business's quarterly revenue was up 7.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $4.00 earnings per share. Equities research analysts forecast that Snap-on Incorporated will post 17.74 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, June 9th. Investors of record on Friday, May 19th will be paid a $1.62 dividend. The ex-dividend date is Thursday, May 18th. This represents a $6.48 dividend on an annualized basis and a yield of 2.40%. Snap-on's dividend payout ratio is presently 37.18%.

A number of equities analysts have issued reports on SNA shares. Roth Mkm upgraded Snap-on from a "neutral" rating to a "buy" rating and lifted their price target for the company from $278.00 to $298.00 in a research note on Thursday, May 18th. Roth Capital raised shares of Snap-on from a "neutral" rating to a "buy" rating in a research report on Thursday, May 18th. 92 Resources reissued a "reiterates" rating on shares of Snap-on in a research report on Wednesday, May 24th. StockNews.com initiated coverage on shares of Snap-on in a research report on Thursday, May 18th. They set a "buy" rating on the stock. Finally, Longbow Research raised shares of Snap-on from an "underperform" rating to a "neutral" rating in a research report on Friday, April 21st. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Snap-on has a consensus rating of "Hold" and an average price target of $260.57.

In other news, VP Richard Thomas Miller sold 300 shares of the firm's stock in a transaction dated Tuesday, May 2nd. The stock was sold at an average price of $263.05, for a total transaction of $78,915.00. Following the transaction, the vice president now directly owns 2,042 shares of the company's stock, valued at $537,148.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, VP Richard Thomas Miller sold 300 shares of the firm's stock in a transaction dated Tuesday, May 2nd. The stock was sold at an average price of $263.05, for a total transaction of $78,915.00. Following the transaction, the vice president now directly owns 2,042 shares of the company's stock, valued at $537,148.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Anup R. Banerjee sold 29,750 shares of the firm's stock in a transaction dated Monday, April 24th. The shares were sold at an average price of $259.55, for a total value of $7,721,612.50. Following the transaction, the senior vice president now directly owns 5,994 shares in the company, valued at $1,555,742.70. The disclosure for this sale can be found here. Insiders have sold a total of 77,186 shares of company stock valued at $19,268,047 over the last 90 days. 4.20% of the stock is owned by insiders.

Snap-On, Inc engages in the manufacture and marketing of tools, equipment, diagnostics, repair information, and systems solutions for professional users performing critical tasks. Its products and services include hand and power tools, tool storage, diagnostics software, handheld and PC-based diagnostic products, information and management systems, shop equipment and other solutions for vehicle dealerships and repair centers, as well as for customers in industries such as aviation and aerospace, agriculture, construction, government and military, mining, natural resources, power generation, and technical education.

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