Canandaigua National Bank Trust Co Lowers stake in Snap-on Incorporated (SNA)

Snap-on Incorporated (SNA) : Canandaigua National Bank Trust Co reduced its stake in Snap-on Incorporated by 34.41% during the most recent quarter end. The investment management company now holds a total of 50,569 shares of Snap-on Incorporated which is valued at $7,418,472 after selling 26,527 shares in Snap-on Incorporated , the firm said in a disclosure report filed with the SEC on Oct 12, 2016.Snap-on Incorporated makes up approximately 2.20% of Canandaigua National Bank Trust Co’s portfolio.

Other Hedge Funds, Including , Contravisory Investment Management added SNA to its portfolio by purchasing 101 company shares during the most recent quarter which is valued at $15,077.Reilly Herbert Faulkner Iii boosted its stake in SNA in the latest quarter, The investment management firm added 736 additional shares and now holds a total of 29,481 shares of Snap-on Incorporated which is valued at $4,400,924. Snap-on Incorporated makes up approx 3.31% of Reilly Herbert Faulkner Iii’s portfolio.Advisory Services Network reduced its stake in SNA by selling 19 shares or 47.5% in the most recent quarter. The Hedge Fund company now holds 21 shares of SNA which is valued at $3,156.Independent Portfolio Consultants boosted its stake in SNA in the latest quarter, The investment management firm added 1,030 additional shares and now holds a total of 1,830 shares of Snap-on Incorporated which is valued at $276,641. Snap-on Incorporated makes up approx 0.09% of Independent Portfolio Consultants’s portfolio.

Snap-on Incorporated closed down -2.58 points or -1.73% at $146.7 with 5,66,935 shares getting traded on Tuesday. Post opening the session at $149, the shares hit an intraday low of $145.86 and an intraday high of $149 and the price fluctuated in this range throughout the day.Shares ended Tuesday 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.

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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