Alpine Woods Capital Investors buys $22,214,344 stake in Snap-on Incorporated (SNA)

Snap-on Incorporated (SNA) : Alpine Woods Capital Investors scooped up 2,800 additional shares in Snap-on Incorporated during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 10, 2016. The investment management firm now holds a total of 144,700 shares of Snap-on Incorporated which is valued at $22,214,344.Snap-on Incorporated makes up approximately 1.27% of Alpine Woods Capital Investors’s portfolio.

Other Hedge Funds, Including , Advantus Capital Management Inc boosted its stake in SNA in the latest quarter, The investment management firm added 100 additional shares and now holds a total of 5,810 shares of Snap-on Incorporated which is valued at $891,951. Snap-on Incorporated makes up approx 0.02% of Advantus Capital Management Inc’s portfolio.Global X Management Co boosted its stake in SNA in the latest quarter, The investment management firm added 315 additional shares and now holds a total of 480 shares of Snap-on Incorporated which is valued at $75,264. Ropes Wealth Advisors added SNA to its portfolio by purchasing 28 company shares during the most recent quarter which is valued at $4,390.Princeton Alpha Management Lp reduced its stake in SNA by selling 15,231 shares or 85.79% in the most recent quarter. The Hedge Fund company now holds 2,523 shares of SNA which is valued at $394,597. Snap-on Incorporated makes up approx 0.07% of Princeton Alpha Management Lp’s portfolio.Public Employees Retirement Association Of Colorado reduced its stake in SNA by selling 959 shares or 7.41% in the most recent quarter. The Hedge Fund company now holds 11,978 shares of SNA which is valued at $1,882,582. Snap-on Incorporated makes up approx 0.02% of Public Employees Retirement Association Of Colorado’s portfolio.

Snap-on Incorporated opened for trading at $153.19 and hit $154.22 on the upside on Friday, eventually ending the session at $153.92, with a gain of 0.27% or 0.41 points. The heightened volatility saw the trading volume jump to 4,03,894 shares. Company has a market cap of $8,941 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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