South Street Advisors buys $15,874,736 stake in Snap-on Incorporated (SNA)

Snap-on Incorporated (SNA) : South Street Advisors scooped up 470 additional shares in Snap-on Incorporated during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 103,405 shares of Snap-on Incorporated which is valued at $15,874,736.Snap-on Incorporated makes up approximately 5.08% of South Street Advisors’s portfolio.

Other Hedge Funds, Including , Piedmont Investment Advisors reduced its stake in SNA by selling 391 shares or 1.83% in the most recent quarter. The Hedge Fund company now holds 21,018 shares of SNA which is valued at $3,226,683. Snap-on Incorporated makes up approx 0.06% of Piedmont Investment Advisors’s portfolio.Blackrock Advisors boosted its stake in SNA in the latest quarter, The investment management firm added 3,490 additional shares and now holds a total of 152,003 shares of Snap-on Incorporated which is valued at $23,335,501. Snap-on Incorporated makes up approx 0.02% of Blackrock Advisors’s portfolio.Td Asset Management Inc boosted its stake in SNA in the latest quarter, The investment management firm added 790 additional shares and now holds a total of 75,682 shares of Snap-on Incorporated which is valued at $11,836,665. Snap-on Incorporated makes up approx 0.02% of Td Asset Management Inc’s portfolio.Mitsubishi Ufj Kokusai Asset Management Ltd. boosted its stake in SNA in the latest quarter, The investment management firm added 259 additional shares and now holds a total of 8,684 shares of Snap-on Incorporated which is valued at $1,339,941. Snap-on Incorporated makes up approx 0.03% of Mitsubishi Ufj Kokusai Asset Management Ltd.’s portfolio.Morgan Dempsey Capital Management reduced its stake in SNA by selling 853 shares or 68.13% in the most recent quarter. The Hedge Fund company now holds 399 shares of SNA which is valued at $62,711. Snap-on Incorporated makes up approx 0.02% of Morgan Dempsey Capital Management’s portfolio.

Snap-on Incorporated closed down -0.1 points or -0.07% at $153.19 with 3,42,802 shares getting traded on Thursday. Post opening the session at $153.53, the shares hit an intraday low of $151.65 and an intraday high of $154.16 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

On the company’s financial health, Snap-on Incorporated reported $2.36 EPS for the quarter, beating the analyst consensus estimate by $ 0.13 according to the earnings call on Jul 21, 2016. Analyst had a consensus of $2.23. The company had revenue of $872.30 million for the quarter, compared to analysts expectations of $876.70 million. The company’s revenue was up 2.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.03 EPS.

Many Wall Street Analysts have commented on Snap-on Incorporated. CL King Initiated Snap-on Incorporated on Jun 28, 2016 to “Buy”, Price Target of the shares are set at $174.

Snap-on Incorporated (Snap-on) is a manufacturer and marketer of tools equipment diagnostics repair information and systems solutions for professional users. The Company’s products and services include hand and power tools tool storage diagnostics software information and management systems shop equipment and other solutions for vehicle dealerships and repair centers as well as for customers in industries including aviation and aerospace agriculture construction Government and military mining natural resources power generation and technical education. The Company’s business segments include Commercial & Industrial Group the Snap-on Tools Group the Repair Systems & Information Group and Financial Services. It offers its products under the brand names: Snap-on ATI BAHCO Blackhawk Blue-Point Cartec CDI Challenger Fish and Hook Hofmann Irimo John Bean Lindstrom Mitchell1 Nexiq Pro-Cut Sandflex ShopKey Sioux Sun and Williams.

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