The news summary revolves around Snap-On Incorporated (SNA). Notable mention includes the purchase of SNA shares by Czech National Bank, Rockland Trust Co., and Mather Group LLC. Investors have noted a favorable return in Snap-on stocks by 92% over the past three years. Other significant investment moves were made by Los Angeles Capital Management LLC, HighPoint Advisor Group LLC, and Vanguard Group Inc. However, a decrease in holding by Fisher Asset Management LLC, Insider Sell by SVP & CFO, and a fall to a 3-month low due to a decline in U.S. sales sets a mixed outlook. Despite this, SNA's earning surpassed estimates while its sales did not meet the expectation. On a positive note, Snap-on's earnings growth rate has delivered a 10% CAGR to its shareholders. Along with robust financials driving a recent rally in the value of stocks, SNA also has around 88% institutional ownership, making it a popular choice amongst big investors. Further, acquisitions by Snap-on, such as Mountz Inc., denote growth strategies.
Snap-on Incorporated SNA News Analytics from Fri, 02 Oct 2020 07:40:20 GMT to Sun, 23 Jun 2024 13:33:01 GMT - Rating 3 - Innovation 4 - Information 7 - Rumor 0
