Origin Asset Management Llp buys $34,586,060 stake in Snap-on Incorporated (SNA)

Snap-on Incorporated (SNA) : Origin Asset Management Llp scooped up 600 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 12, 2016. The investment management firm now holds a total of 225,287 shares of Snap-on Incorporated which is valued at $34,586,060.Snap-on Incorporated makes up approximately 2.19% of Origin Asset Management Llp’s portfolio.

Other Hedge Funds, Including , 1832 Asset Management reduced its stake in SNA by selling 62,862 shares or 55.62% in the most recent quarter. The Hedge Fund company now holds 50,162 shares of SNA which is valued at $7,700,870. Snap-on Incorporated makes up approx 0.03% of 1832 Asset Management’s portfolio.State Of Wisconsin Investment Board reduced its stake in SNA by selling 2,800 shares or 6.77% in the most recent quarter. The Hedge Fund company now holds 38,554 shares of SNA which is valued at $5,918,810. Snap-on Incorporated makes up approx 0.02% of State Of Wisconsin Investment Board’s portfolio.Thompson Davis reduced its stake in SNA by selling 7 shares or 1.59% in the most recent quarter. The Hedge Fund company now holds 434 shares of SNA which is valued at $67,326. Snap-on Incorporated makes up approx 0.10% of Thompson Davis’s portfolio.Geneva Advisors reduced its stake in SNA by selling 10 shares or 0.24% in the most recent quarter. The Hedge Fund company now holds 4,240 shares of SNA which is valued at $664,832. Snap-on Incorporated makes up approx 0.01% of Geneva Advisors’s portfolio.Independent Portfolio Consultants reduced its stake in SNA by selling 345 shares or 30.13% in the most recent quarter. The Hedge Fund company now holds 800 shares of SNA which is valued at $129,048. Snap-on Incorporated makes up approx 0.04% of Independent Portfolio Consultants’s portfolio.

Snap-on Incorporated opened for trading at $154.2 and hit $155.71 on the upside on Monday, eventually ending the session at $155.13, with a gain of 0.67% or 1.03 points. The heightened volatility saw the trading volume jump to 2,39,958 shares. Company has a market cap of $9,011 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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