Snap-on Incorporated (SNA) : Trellus Management Company added new position in Snap-on Incorporated during the most recent quarter end. The investment management firm now holds 5,376 shares of Snap-on Incorporated which is valued at $868,869 , the company said in a statement filed on Jul 18, 2016 with the SEC.Snap-on Incorporated makes up approximately 1.96% of Trellus Management Company’s portfolio.
Other Hedge Funds, Including , Puplava Financial Services boosted its stake in SNA in the latest quarter, The investment management firm added 3 additional shares and now holds a total of 2,005 shares of Snap-on Incorporated which is valued at $323,427. Snap-on Incorporated makes up approx 0.18% of Puplava Financial Services’s portfolio.
Snap-on Incorporated opened for trading at $160.56 and hit $161.72 on the upside on Wednesday, eventually ending the session at $161.62, with a gain of 0.97% or 1.55 points. The heightened volatility saw the trading volume jump to 5,53,258 shares. Company has a market cap of $9,398 M.
On the company’s financial health, Snap-on Incorporated reported $2.16 EPS for the quarter, beating the analyst consensus estimate by $ 0.07 according to the earnings call on Apr 21, 2016. Analyst had a consensus of $2.09. The company had revenue of $834.20 million for the quarter, compared to analysts expectations of $851.82 million. The company’s revenue was up .8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.87 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.