Canandaigua National Bank Trust Co buys $12.4 Million stake in Snap-on Incorporated (SNA)

Snap-on Incorporated (SNA) : Canandaigua National Bank Trust Co scooped up 1,413 additional shares in Snap-on Incorporated during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 11, 2016. The investment management firm now holds a total of 76,596 shares of Snap-on Incorporated which is valued at $12.4 Million.Snap-on Incorporated makes up approximately 3.69% of Canandaigua National Bank Trust Co’s portfolio.

Other Hedge Funds, Including , Bessemer Group Inc reduced its stake in SNA by selling 50,220 shares or 10.03% in the most recent quarter. The Hedge Fund company now holds 450,322 shares of SNA which is valued at $72.8 Million. Snap-on Incorporated makes up approx 0.42% of Bessemer Group Inc’s portfolio.Blackrock Institutional Trust Company N.a. boosted its stake in SNA in the latest quarter, The investment management firm added 63,151 additional shares and now holds a total of 1,606,867 shares of Snap-on Incorporated which is valued at $259.7 Million. Snap-on Incorporated makes up approx 0.04% of Blackrock Institutional Trust Company N.a.’s portfolio. Princeton Alpha Management Lp added SNA to its portfolio by purchasing 17,754 company shares during the most recent quarter which is valued at $2.8 Million. Snap-on Incorporated makes up approx 0.46% of Princeton Alpha Management Lp’s portfolio.Retirement Systems Of Alabama reduced its stake in SNA by selling 631 shares or 2.1% in the most recent quarter. The Hedge Fund company now holds 29,485 shares of SNA which is valued at $4.7 Million. Snap-on Incorporated makes up approx 0.03% of Retirement Systems Of Alabama’s portfolio.Huntington National Bank boosted its stake in SNA in the latest quarter, The investment management firm added 155 additional shares and now holds a total of 2,464 shares of Snap-on Incorporated which is valued at $392,466. Snap-on Incorporated makes up approx 0.01% of Huntington National Bank’s portfolio.

Snap-on Incorporated opened for trading at $161.79 and hit $164.24 on the upside on Monday, eventually ending the session at $163.8, with a gain of 1.36% or 2.19 points. The heightened volatility saw the trading volume jump to 4,16,679 shares. Company has a market cap of $9,524 M.

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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