Inspirion Wealth Advisors Lowers stake in Snap-on Incorporated (SNA)

Snap-on Incorporated (SNA) : Inspirion Wealth Advisors reduced its stake in Snap-on Incorporated by 1.98% during the most recent quarter end. The investment management company now holds a total of 2,481 shares of Snap-on Incorporated which is valued at $382,818 after selling 50 shares in Snap-on Incorporated , the firm said in a disclosure report filed with the SEC on Aug 2, 2016.Snap-on Incorporated makes up approximately 0.24% of Inspirion Wealth Advisors’s portfolio.

Other Hedge Funds, Including , Cibc Asset Management Inc boosted its stake in SNA in the latest quarter, The investment management firm added 224 additional shares and now holds a total of 5,869 shares of Snap-on Incorporated which is valued at $905,587. Snap-on Incorporated makes up approx 0.01% of Cibc Asset Management Inc’s portfolio.Meritage Portfolio Management reduced its stake in SNA by selling 349 shares or 1.35% in the most recent quarter. The Hedge Fund company now holds 25,439 shares of SNA which is valued at $4,026,485. Snap-on Incorporated makes up approx 0.44% of Meritage Portfolio Management’s portfolio.Mai Capital Management reduced its stake in SNA by selling 197 shares or 3.67% in the most recent quarter. The Hedge Fund company now holds 5,175 shares of SNA which is valued at $834,779. Snap-on Incorporated makes up approx 0.07% of Mai Capital Management’s portfolio.Cue Financial Group reduced its stake in SNA by selling 38 shares or 2.11% in the most recent quarter. The Hedge Fund company now holds 1,764 shares of SNA which is valued at $286,474. Snap-on Incorporated makes up approx 0.24% of Cue Financial Group’s portfolio.

Snap-on Incorporated closed down -1.27 points or -0.81% at $155.13 with 3,75,959 shares getting traded on Monday. Post opening the session at $156.95, the shares hit an intraday low of $154.86 and an intraday high of $157.25 and the price fluctuated in this range throughout the day.Shares ended Monday 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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