Earnest Partners Lowers stake in Snap-on Incorporated (SNA)

Snap-on Incorporated (SNA) : Earnest Partners reduced its stake in Snap-on Incorporated by 2.24% during the most recent quarter end. The investment management company now holds a total of 1,187,733 shares of Snap-on Incorporated which is valued at $199,075,928 after selling 27,253 shares in Snap-on Incorporated , the firm said in a disclosure report filed with the SEC on Nov 14, 2016.Snap-on Incorporated makes up approximately 2.04% of Earnest Partners’s portfolio.

Other Hedge Funds, Including , D. E. Shaw reduced its stake in SNA by selling 105,759 shares or 62.15% in the most recent quarter. The Hedge Fund company now holds 64,417 shares of SNA which is valued at $10,723,498. Snap-on Incorporated makes up approx 0.02% of D. E. Shaw’s portfolio.Blackrock Institutional Trust Company N.a. boosted its stake in SNA in the latest quarter, The investment management firm added 75,446 additional shares and now holds a total of 1,879,662 shares of Snap-on Incorporated which is valued at $296,535,477. Snap-on Incorporated makes up approx 0.05% of Blackrock Institutional Trust Company N.a.’s portfolio. Welch Forbes sold out all of its stake in SNA during the most recent quarter. The investment firm sold 1,278 shares of SNA which is valued $194,716.Wcm Investment Managementca reduced its stake in SNA by selling 24,572 shares or 47.24% in the most recent quarter. The Hedge Fund company now holds 27,443 shares of SNA which is valued at $4,174,080. Snap-on Incorporated makes up approx 0.05% of Wcm Investment Managementca’s portfolio.Louisiana State Employees Retirement System reduced its stake in SNA by selling 100 shares or 2.63% in the most recent quarter. The Hedge Fund company now holds 3,700 shares of SNA which is valued at $580,012. Snap-on Incorporated makes up approx 0.03% of Louisiana State Employees Retirement System’s portfolio.

Snap-on Incorporated opened for trading at $167.2 and hit $168.2795 on the upside on Monday, eventually ending the session at $167.77, with a gain of 0.13% or 0.22 points. The heightened volatility saw the trading volume jump to 2,36,543 shares. Company has a market cap of $9,735 M.

On the company’s financial health, Snap-on Incorporated reported $2.22 EPS for the quarter, beating the analyst consensus estimate by $ 0.07 according to the earnings call on Oct 20, 2016. Analyst had a consensus of $2.15. The company had revenue of $834.10 million for the quarter, compared to analysts expectations of $847.85 million. The company’s revenue was up 1.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.98 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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