Sci-tech

Snap-on (SNA) Price Target Cut to $211.00

Snap-on (SNA) Price Target Cut to $211.00”

Renaissance Technologies LLC now owns 436,600 shares of the company's stock valued at $68,983,000 after acquiring an additional 413,800 shares during the last quarter. The institutional investor held 4,252 shares of the industrial machinery and components company at the end of 2017Q3, valued at $634,000, up from 2,014 at the end of the previous reported quarter.

Snap (NYSE:SNAP) traded up $0.67 during midday trading on Friday, reaching $20.42. The company's stock had a trading volume of 721,424 shares, compared to its average volume of 798,594.

Snap-on (NYSE:SNA) announced its quarterly earnings results on Thursday, February 8th. It has underperformed by 14.23% the S&P500.

King Wealth Management Group Llc decreased its stake in Abbvie Inc (ABBV) by 30.49% based on its latest 2017Q3 regulatory filing with the SEC. Atria Investments Llc sold 1,328 shares as the company's stock rose 1.94% with the market. The company reported $2.69 earnings per share for the quarter, beating analysts' consensus estimates of $2.66 by $0.03. Barrow Hanley Mewhinney & Strauss Llc who had been investing in Rpx Corp for a number of months, seems to be bullish on the $647.31M market cap company. About 21,968 shares traded or 11.29% up from the average. RPX Corporation (NASDAQ:RPXC) has risen 55.41% since February 17, 2017 and is uptrending. It has underperformed by 10.47% the S&P500.

Investors sentiment increased to 1.23 in Q3 2017. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.78 and a quick ratio of 1.24.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in SNA. 58 funds opened positions while 196 raised stakes. Shareholders of record on Friday, March 2nd will be given a dividend of $0.82 per share. The stock of Snap-on Incorporated (NYSE:SNA) earned "Buy" rating by Robert W. Baird on Monday, January 29. Susquehanna Ltd Liability Partnership accumulated 15,030 shares. 14,903 are held by Usca Ria Limited Liability Corp. Hexavest holds 0% or 900 shares. Strs Ohio has invested 0.28% in Snap-on Incorporated (NYSE:SNA). 17,222 were reported by Fjarde Ap. Bluestein R H And holds 0.02% or 2,000 shares in its portfolio. Tortoise Investment Mgmt Llc holds 0.02% or 456 shares. Teacher Retirement Of Texas accumulated 4,381 shares. Ameritas Investment Prns has 0.01% invested in Snap-on Incorporated (NYSE:SNA). Quantbot Techs LP reported 24,356 shares. Vanguard Gru Incorporated reported 0.04% in Snap-on Incorporated (NYSE:SNA). One research analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have issued a buy rating to the stock. Therefore 80% are positive. Piper Jaffray maintained the shares of SU in report on Friday, February 9 with "Buy" rating. Finally, Robert W. Baird reaffirmed a "buy" rating and issued a $220.00 price target (up previously from $184.00) on shares of Snap-on in a research note on Monday, January 29th. The firm has "Hold" rating by Jefferies given on Tuesday, May 30. Nomura has "Neutral" rating and $180 target. The stock of Snap-on Incorporated (NYSE:SNA) has "Outperform" rating given on Wednesday, April 12 by Oppenheimer. The research firm ranks the sentiment of press coverage by analyzing more than 20 million blog and news sources in real time. FBR Capital maintained the stock with "Buy" rating in Friday, July 21 report. On Tuesday, June 27 the stock rating was maintained by Oppenheimer with "Buy". Over the last 90 days, insiders sold 44,612 shares of company stock worth $7,742,082. Following the sale, the director now directly owns 2,984 shares in the company, valued at approximately $484,810.48. Agf Invests has 1.51M shares. Shares for $539,694 were sold by Daniels Jennifer on Wednesday, December 13. The rating was maintained by Morgan Stanley on Wednesday, May 11 with "Overweight".

In related news, Director Nathan J. Jones sold 774 shares of Snap-on stock in a transaction dated Friday, February 16th. Finally, Barrington Research raised Snap-on from a "market perform" rating to an "outperform" rating and set a $185.00 price objective for the company in a research report on Monday, October 23rd. (NYSE:ABBV) earned "Hold" rating by Cowen & Co on Tuesday, September 5. The company has market cap of $6.37 million. The firm earned "Hold" rating on Tuesday, September 26 by Jefferies. Blue Financial Capital invested 0.81% in AbbVie Inc. Its the same as in 2017Q2. Hsbc Holdg Public Limited Company reported 0.03% stake. Creative Planning invested in 5,969 shares. This represents a $3.28 dividend on an annualized basis and a dividend yield of 2.04%. Silvercrest Asset Management Group Incorporated Ltd Liability stated it has 145,736 shares. Tetraphase Pharmaceuticals I (NASDAQ:TTPH) was reduced too. National Bank & Trust Of Montreal Can invested in 262,356 shares. Covington Capital owns 0.32% invested in AbbVie Inc. Gsa Partners Limited Liability Partnership owns 54,310 shares. It also reduced Vanguard Total Stck Mk Etf (VTI) stake by 6,919 shares and now owns 38,040 shares. Marietta Inv Partners Limited Com stated it has 0.49% of its portfolio in Snap-on Incorporated (NYSE:SNA). Amica Mutual Insur holds 0.13% or 9,843 shares in its portfolio. 5,446 were accumulated by Carroll Assoc.



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