Dividend Flows Change: Can we expect Snap-On Incorporated (NYSE:SNA) to bring investors news of $0.71 dividends?

Dividend Flows Change: Can we expect Snap On Incorporated (NYSE:SNA) to bring investors news of $0.71 dividends?

Snap-On Incorporated (NYSE:SNA) is expected to pay $0.71 on Dec 9, 2016. The indicated annual dividend is $2.84. Shareholders owning the stock before Nov 16, 2016 will be eligible to receive the payout. Based on Snap-On Incorporated’s current price of $167.61, the dividend is 0.42%. This dividend’s record date is Nov 18, 2016 and the announcement date is Nov 4, 2016. The stock increased 0.68% or $1.14 on November 14, hitting $167.61. Snap-on Incorporated (NYSE:SNA) has risen 5.08% since April 13, 2016 and is uptrending. It has outperformed by 1.15% the S&P500.

Snap-On Incorporated is a manufacturer and marketer of tools, equipment, diagnostics, repair information and systems solutions for professional users. The company has a market cap of $9.79 billion. The Company’s divisions include Commercial & Industrial Group, the Snap-on Tools Group, the Repair Systems & Information Group and Financial Services. It has a 18.7 P/E ratio. The Company’s Commercial & Industrial Group segment consists of business serving a range of industrial and commercial clients across the world.

Insitutional Activity: The institutional sentiment increased to 1.04 in 2016 Q2. Its up 0.04, from 1 in 2016Q1. The ratio increased, as 37 funds sold all Snap-on Incorporated shares owned while 175 reduced positions. 47 funds bought stakes while 174 increased positions. They now own 48.14 million shares or 3.06% less from 49.66 million shares in 2016Q1.
State Street last reported 0.04% of its portfolio in the stock. Fincl Bank Of New York Mellon reported 1.10 million shares or 0.05% of all its holdings. Earnest Prtn Ltd Llc holds 2.08% of its portfolio in Snap-on Incorporated (NYSE:SNA) for 1.21M shares. Intrust Bancorp Na holds 0.2% or 3,072 shares in its portfolio. Mizuho Asset Mngmt Coltd owns 711 shares or 0.02% of their US portfolio. Busey Tru accumulated 0.42% or 20,881 shares. The Netherlands-based Apg Asset Mngmt Nv has invested 0.01% in Snap-on Incorporated (NYSE:SNA). Nordea Investment Mngmt has 0.17% invested in the company for 370,363 shares. The California-based Jacobs And Ca has invested 0.67% in Snap-on Incorporated (NYSE:SNA). Silvercrest Asset Mngmt Gp Ltd Co holds 0.17% or 84,144 shares in its portfolio. Livforsakringsbolaget Skandia Omsesidigt holds 0.03% or 4,200 shares in its portfolio. Comerica Bancshares has 20,866 shares for 0.03% of their US portfolio. Morgan Dempsey Limited Com holds 0.02% or 399 shares in its portfolio. Marshall Wace Llp accumulated 5,825 shares or 0.01% of the stock. Rhumbline Advisers has invested 0.05% of its portfolio in Snap-on Incorporated (NYSE:SNA).

Insider Transactions: Since May 17, 2016, the stock had 0 insider buys, and 6 insider sales for $8.17 million net activity. The insider MORENO JEANNE M sold 500 shares worth $77,500. Boyd Iain sold $552,882 worth of Snap-on Incorporated (NYSE:SNA) on Tuesday, July 26. On Thursday, August 18 the insider KASSOUF THOMAS L. sold $306,590. $6.37M worth of shares were sold by Ward Thomas J on Wednesday, September 7. Johnsen Constance sold 4,833 shares worth $790,386.

Snap-on Incorporated (NYSE:SNA) Ratings Coverage

Out of 4 analysts covering Snap-on (NYSE:SNA), 3 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 75% are positive. Snap-on has been the topic of 7 analyst reports since August 20, 2015 according to StockzIntelligence Inc. The stock of Snap-on Incorporated (NYSE:SNA) earned “Hold” rating by Jefferies on Tuesday, October 20. The firm earned “Buy” rating on Tuesday, June 28 by CL King. The stock of Snap-on Incorporated (NYSE:SNA) earned “Buy” rating by Zacks on Thursday, August 20. The company was upgraded on Monday, October 5 by Longbow.

More news for Snap-on Incorporated (NYSE:SNA) were recently published by: Investorplace.com, which released: “Best Stocks of 2016: Snap-On Incorporated (SNA) Stock Is a Steal” on October 12, 2016. Prnewswire.com‘s article titled: “Bring on the Holidays with Special Gifts from Snap-on” and published on November 14, 2016 is yet another important article.

SNA Company Profile

Snap-On Incorporated (SNAP-ON), incorporated on April 7, 1930, is a maker and marketer of tools, equipment, diagnostics, repair information and systems solutions for professional users. The Company’s services and products include hand and power tools, tool storage, diagnostics software, information and management systems, shop equipment and other solutions for vehicle dealerships and repair centers. The Company’s divisions include Commercial & Industrial Group, the Snap-on Tools Group, the Repair Systems & Information Group and Financial Services. The Firm serves its clients in various industries, including aviation and aerospace, agriculture, construction, government and military, mining, natural resources, power generation and technical education.

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