Canandaigua National Bank Trust Co buys $12,023,121 stake in Snap-on Incorporated (SNA)

Snap-on Incorporated (SNA) : Canandaigua National Bank Trust Co scooped up 500 additional shares in Snap-on Incorporated during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 26, 2016. The investment management firm now holds a total of 77,096 shares of Snap-on Incorporated which is valued at $12,023,121.Snap-on Incorporated makes up approximately 3.42% of Canandaigua National Bank Trust Co’s portfolio.

Other Hedge Funds, Including , British Airways Pensions Investment Management Ltd sold out all of its stake in SNA during the most recent quarter. The investment firm sold 107,825 shares of SNA which is valued $16,815,309.Seven Bridges Advisors reduced its stake in SNA by selling 1,316 shares or 19.96% in the most recent quarter. The Hedge Fund company now holds 5,278 shares of SNA which is valued at $823,104. Snap-on Incorporated makes up approx 0.68% of Seven Bridges Advisors’s portfolio.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.Mai Capital Management reduced its stake in SNA by selling 197 shares or 3.67% in the most recent quarter. The Hedge Fund company now holds 5,175 shares of SNA which is valued at $834,779. Snap-on Incorporated makes up approx 0.07% of Mai Capital Management’s portfolio.

Snap-on Incorporated opened for trading at $155.16 and hit $157.52 on the upside on Friday, eventually ending the session at $157.17, with a gain of 1.11% or 1.72 points. The heightened volatility saw the trading volume jump to 5,46,037 shares. Company has a market cap of $9,129 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.

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