Pensionfund Sabic Lowers stake in Snap-on Incorporated (SNA)

Snap-on Incorporated (SNA) : Pensionfund Sabic reduced its stake in Snap-on Incorporated by 6.67% during the most recent quarter end. The investment management company now holds a total of 8,400 shares of Snap-on Incorporated which is valued at $1.3 Million after selling 600 shares in Snap-on Incorporated according to a report filed by the company on Apr 4, 2016 with the SEC.Snap-on Incorporated makes up approximately 0.40% of Pensionfund Sabic’s portfolio.

Other Hedge Funds, Including ,

On the company’s financial health, Snap-on Incorporated reported $2.22 EPS for the quarter, beating the analyst consensus estimate by $ 0.04 according to the earnings call on Feb 4, 2016. Analyst had a consensus of $2.18. The company had revenue of $851.70 million for the quarter, compared to analysts expectations of $886.56 million. The company’s revenue was down -.7 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.97 EPS.

Snap-on Incorporated closed down -1.63 points or -1.03% at $156.17 with 3,48,263 shares getting traded on Monday. Post opening the session at $158.25, the shares hit an intraday low of $155.7801 and an intraday high of $158.63 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

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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