First National Bank of Omaha lifted its stake in Snap-on Incorporated (NYSE:SNA) by 1.0% during the fourth quarter, Holdings Channel reports. The institutional investor owned 29,599 shares of the company’s stock after acquiring an additional 307 shares during the quarter. First National Bank of Omaha’s holdings in Snap-on were worth $5,159,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds also recently modified their holdings of the company. Amica Retiree Medical Trust purchased a new stake in shares of Snap-on in the third quarter worth about $165,000. Glenview State Bank Trust DEPT. purchased a new position in Snap-on during the fourth quarter worth approximately $206,000. Conning Inc. purchased a new position in Snap-on during the fourth quarter worth approximately $230,000. Ameritas Investment Partners Inc. boosted its position in Snap-on by 1.7% during the second quarter. Ameritas Investment Partners Inc. now owns 1,411 shares of the company’s stock worth $222,000 after purchasing an additional 23 shares in the last quarter. Finally, Jacobi Capital Management LLC purchased a new position in Snap-on during the third quarter worth approximately $215,000. Hedge funds and other institutional investors own 99.98% of the company’s stock.
In related news, CEO Nicholas T. Pinchuk sold 20,680 shares of the stock in a transaction that occurred on Friday, December 28th. The stock was sold at an average price of $174.55, for a total value of $3,609,694.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 3.70% of the stock is currently owned by company insiders.
A number of equities analysts have issued reports on SNA shares. FBR & Co reiterated a “buy” rating and set a $205.00 price target on shares of Snap-on in a research report on Thursday, October 19th. Jefferies Group restated a “hold” rating and issued a $175.00 target price on shares of Snap-on in a research report on Friday, November 3rd. Zacks Investment Research downgraded Snap-on from a “buy” rating to a “hold” rating in a research report on Friday, January 12th. B. Riley restated a “buy” rating and issued a $205.00 target price on shares of Snap-on in a research report on Thursday, January 4th. Finally, Oppenheimer restated a “buy” rating and issued a $177.00 target price on shares of Snap-on in a research report on Thursday, October 19th. One research analyst has rated the stock with a sell rating, two have given a hold rating and seven have assigned a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $196.63.
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Snap-on Incorporated is a manufacturer and marketer of tools, equipment, diagnostics, repair 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. The Commercial & Industrial Group consists of business operations serving a range of industrial and commercial customers, including customers in the aerospace, natural resources, government, power generation, transportation and technical education markets.
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