Mountain Pacific Investment Advisers Incid buys $25,463,385 stake in Snap-on Incorporated (SNA)

Snap-on Incorporated (SNA) : Mountain Pacific Investment Advisers Incid scooped up 1,075 additional shares in Snap-on Incorporated during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 15, 2016. The investment management firm now holds a total of 158,315 shares of Snap-on Incorporated which is valued at $25,463,385.Snap-on Incorporated makes up approximately 2.90% of Mountain Pacific Investment Advisers Incid’s portfolio.

Snap-on Incorporated closed down -1.13 points or -0.70% at $160.2 with 8,23,290 shares getting traded on Wednesday. Post opening the session at $162, the shares hit an intraday low of $158.61 and an intraday high of $162 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

Other Hedge Funds, Including , Oakbrook Investments reduced its stake in SNA by selling 2,500 shares or 44.48% in the most recent quarter. The Hedge Fund company now holds 3,120 shares of SNA which is valued at $501,821. Snap-on Incorporated makes up approx 0.03% of Oakbrook Investments’s portfolio.

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.

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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