Foresters Investment Management Company buys $64.3 Million stake in Snap-on Incorporated (SNA)

Snap-on Incorporated (SNA) : Foresters Investment Management Company scooped up 62,400 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 13, 2016. The investment management firm now holds a total of 398,180 shares of Snap-on Incorporated which is valued at $64.3 Million.Snap-on Incorporated makes up approximately 1.35% of Foresters Investment Management Company’s portfolio.

Other Hedge Funds, Including , Loomis Sayles Co L P boosted its stake in SNA in the latest quarter, The investment management firm added 45,840 additional shares and now holds a total of 130,354 shares of Snap-on Incorporated which is valued at $21.1 Million. Snap-on Incorporated makes up approx 0.06% of Loomis Sayles Co L P’s portfolio. Trexquant Investment Lp added SNA to its portfolio by purchasing 4,732 company shares during the most recent quarter which is valued at $764,739. Snap-on Incorporated makes up approx 0.09% of Trexquant Investment Lp’s portfolio.Palisade Capital Managementnj reduced its stake in SNA by selling 20,409 shares or 20.78% in the most recent quarter. The Hedge Fund company now holds 77,786 shares of SNA which is valued at $12.6 Million. Snap-on Incorporated makes up approx 0.49% of Palisade Capital Managementnj’s portfolio. Spot Trading L.l.c sold out all of its stake in SNA during the most recent quarter. The investment firm sold 1,450 shares of SNA which is valued $234,335.Manufacturers Life Insurance Company The boosted its stake in SNA in the latest quarter, The investment management firm added 2,500 additional shares and now holds a total of 60,272 shares of Snap-on Incorporated which is valued at $9.7 Million. Snap-on Incorporated makes up approx 0.02% of Manufacturers Life Insurance Company The’s portfolio.

Snap-on Incorporated closed down -1.72 points or -1.05% at $162.67 with 3,45,390 shares getting traded on Wednesday. Post opening the session at $164.59, the shares hit an intraday low of $162.25 and an intraday high of $165 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

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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