Reilly Herbert Faulkner Iii buys $4,400,924 stake in Snap-on Incorporated (SNA)

Snap-on Incorporated (SNA) : Reilly Herbert Faulkner Iii scooped up 736 additional shares in Snap-on Incorporated during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 11, 2016. The investment management firm now holds a total of 29,481 shares of Snap-on Incorporated which is valued at $4,400,924.Snap-on Incorporated makes up approximately 3.31% of Reilly Herbert Faulkner Iii’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.Exxonmobil Investment Management Inc Tx reduced its stake in SNA by selling 219 shares or 1.46% in the most recent quarter. The Hedge Fund company now holds 14,832 shares of SNA which is valued at $2,229,101. Snap-on Incorporated makes up approx 0.05% of Exxonmobil Investment Management Inc Tx’s portfolio. Simplex Trading sold out all of its stake in SNA during the most recent quarter. The investment firm sold 2,721 shares of SNA which is valued $408,939.Chevy Chase Trust Holdings reduced its stake in SNA by selling 1,201 shares or 2.42% in the most recent quarter. The Hedge Fund company now holds 48,471 shares of SNA which is valued at $7,327,361. Snap-on Incorporated makes up approx 0.04% of Chevy Chase Trust Holdings’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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