Snap-on Incorporated (SNA) : Monroe Bank Trustmi reduced its stake in Snap-on Incorporated by 5.16% during the most recent quarter end. The investment management company now holds a total of 10,774 shares of Snap-on Incorporated which is valued at $1,654,024 after selling 586 shares in Snap-on Incorporated , the firm said in a disclosure report filed with the SEC on Aug 10, 2016.Snap-on Incorporated makes up approximately 0.55% of Monroe Bank Trustmi’s portfolio.
Other Hedge Funds, Including , Credit Agricole S A reduced its stake in SNA by selling 41,436 shares or 52.55% in the most recent quarter. The Hedge Fund company now holds 37,419 shares of SNA which is valued at $5,744,565. Snap-on Incorporated makes up approx 0.02% of Credit Agricole S A’s portfolio.Penserra Capital Management boosted its stake in SNA in the latest quarter, The investment management firm added 179 additional shares and now holds a total of 507 shares of Snap-on Incorporated which is valued at $79,498. Snap-on Incorporated makes up approx 0.01% of Penserra Capital Management’s portfolio.Thompson Davis reduced its stake in SNA by selling 7 shares or 1.59% in the most recent quarter. The Hedge Fund company now holds 434 shares of SNA which is valued at $67,326. Snap-on Incorporated makes up approx 0.10% of Thompson Davis’s portfolio. Herndon Capital Management added SNA to its portfolio by purchasing 5 company shares during the most recent quarter which is valued at $786.Private Trust Co Na reduced its stake in SNA by selling 9 shares or 0.36% in the most recent quarter. The Hedge Fund company now holds 2,508 shares of SNA which is valued at $405,343. Snap-on Incorporated makes up approx 0.10% of Private Trust Co Na’s portfolio.
Snap-on Incorporated opened for trading at $153.19 and hit $154.22 on the upside on Friday, eventually ending the session at $153.92, with a gain of 0.27% or 0.41 points. The heightened volatility saw the trading volume jump to 4,03,894 shares. Company has a market cap of $8,941 M.
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.