November 28, 2016 - By Winifred Garcia · 0 Comments
Snap-on Inc (NYSE:SNA) institutional sentiment decreased to 1.01 in Q2 2016. Its down -0.03, from 1.04 in 2016Q1. The ratio turned negative, as 221 active investment managers increased or started new equity positions, while 212 decreased and sold stock positions in Snap-on Inc. The active investment managers in our partner’s database now have: 48.14 million shares, down from 49.66 million shares in 2016Q1. Also, the number of active investment managers holding Snap-on Inc in their top 10 equity positions was flat from 8 to 8 for the same number . Sold All: 37 Reduced: 175 Increased: 174 New Position: 47.
Snap-On Incorporated is a manufacturer and marketer of tools, equipment, diagnostics, repair information and systems solutions for professional users. The company has a market cap of $9.89 billion. The Company’s divisions include Commercial & Industrial Group, the Snap-on Tools Group, the Repair Systems & Information Group and Financial Services. It has a 18.86 P/E ratio. The Company’s Commercial & Industrial Group segment consists of business serving a range of industrial and commercial clients across the world.
About 33,517 shares traded hands. Snap-on Incorporated (NYSE:SNA) has risen 5.51% since April 25, 2016 and is uptrending. It has underperformed by 0.50% the S&P500.
Analysts await Snap-on Incorporated (NYSE:SNA) to report earnings on February, 2. They expect $2.40 earnings per share, up 8.11% or $0.18 from last year’s $2.22 per share. SNA’s profit will be $140.45M for 17.60 P/E if the $2.40 EPS becomes a reality. After $2.22 actual earnings per share reported by Snap-on Incorporated for the previous quarter, Wall Street now forecasts 8.11% EPS growth.
According to Zacks Investment Research, “Snap-On Incorporated is engaged in the business of providing productivity-enhancing, innovative products, services and solutions. Snap-on is a global developer, manufacturer and marketer of professional tools, diagnostics equipment and related services marketed in numerous countries. Snap-on offers a wide range of capabilities and solutions for professional tool users in vehicle service, industrial and other commercial applications worldwide.”
Rr Partners Lp holds 6.38% of its portfolio in Snap-on Incorporated for 931,400 shares. South Street Advisors Llc owns 90,300 shares or 4.48% of their US portfolio. Moreover, Canandaigua National Bank & Trust Co has 3.46% invested in the company for 77,096 shares. The New York-based Reilly Herbert Faulkner Iii has invested 3.33% in the stock. Mountain Pacific Investment Advisers Inc Id, a Idaho-based fund reported 158,515 shares.#img1#
Insider Transactions: Since January 1, 0001, the stock had 0 insider purchases, and 8 selling transactions for $15.03 million net activity.
Ratings analysis reveals 75% of Snap-on’s analysts are positive. Out of 4 Wall Street analysts rating Snap-on, 3 give it “Buy”, 0 “Sell” rating, while 1 recommend “Hold”. The lowest target is $165 while the high is $193. The stock’s average target of $172 is 1.78% above today’s ($169) share price. SNA was included in 7 notes of analysts from August 20, 2015. Zacks downgraded the shares of SNA in a report on Thursday, August 20 to “Buy” rating. The rating was initiated by Jefferies on Tuesday, October 20 with “Hold”. The firm has “Buy” rating given on Tuesday, June 28 by CL King. The company was upgraded on Monday, October 5 by Longbow.
Snap-On Incorporated (SNAP-ON), incorporated on April 7, 1930, is a maker and marketer of tools, equipment, diagnostics, repair information and systems solutions for professional users. The Company’s services and products include hand and power tools, tool storage, diagnostics software, information and management systems, shop equipment and other solutions for vehicle dealerships and repair centers. The Company’s divisions include Commercial & Industrial Group, the Snap-on Tools Group, the Repair Systems & Information Group and Financial Services. The Firm serves its clients in various industries, including aviation and aerospace, agriculture, construction, government and military, mining, natural resources, power generation and technical education.
More news for Snap-on Incorporated (NYSE:SNA) were recently published by: Investorplace.com, which released: “Best Stocks of 2016: Snap-On Incorporated (SNA) Stock Is a Steal” on October 12, 2016. Investorplace.com‘s article titled: “Best Stocks for 2016: Snap Up Snap-on Incorporated (SNA)” and published on December 29, 2015 is yet another important article.
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By Winifred Garcia