From MarketBeat, LLC:

Pinnacle Financial Partners Inc increased its holdings in Snap-on Incorporated (NYSE:SNA) by 10.8% in Q3, now owning 57,425 shares worth $14,647,000. Hedge funds, including Norges Bank and Bank of Montreal Can, have also invested significantly in Snap-on, with 83.90% of the stock owned by institutional investors and hedge funds.

On Wall Street, SNA has a consensus target price of $298.17. Several analysts have weighed in on the stock, with StockNews.com giving it a “buy” rating and others varying between “buy” and “hold.”

Insiders have been active, with VP June C. Lemerand selling 3,600 shares for a value of $984,168 while also getting rid of 75,998 shares. SVP Thomas J. Ward also sold 1,435 shares for a value of $416,020.85.

SNA stocks traded down to $286.31 on December 27, amounting to a 0.9% decrease. The company has a market cap of $15.11 billion, and its latest quarterly dividend was $1.86 per share.

Snap-on Incorporated manufactures and markets tools, equipment, diagnostics, and repair information. The company operates through Commercial & Industrial Group, Snap-on Tools Group, Repair Systems & Information Group, and Financial Services segments.



Read more: Pinnacle Financial Partners Inc Has $14.65 Million Stock Holdings in Snap-on Incorporated (NYSE:SNA)