M&G Plc and
Blair William & Co. IL have increased their stakes in
Snap-on Incorporated (SNA). Despite a disappointing Q2 2024 with missed estimates and declining organic sales, Roth Mkm upheld a buy rating, suggesting opportunity for investors. Several investment firms, including
Intech Investment Management LLC and
Kingsview Wealth Management LLC, reduced their shares in Snap-on leading to a 2.8% decrease in trading.
Swiss National Bank has also offloaded some of its shares, although still retaining a significant holding. Conversely,
Mitsubishi UFJ Asset Management Co. Ltd. made a major purchase, acquiring 9,245 shares. With a mix of earnings results exceeding and missing expectations for Q2, analysts remain divided about Snap-on’s short-term future. Despite recent fluctuations, Snap-on's long-term track record of stable returns and resilient business model are undisputed. Several investments firms have grown their positions, signaling continued faith in Snap-on’s prospects. Future performance remains watchful due to recent insider selling, reported decline in quarterly sales, and looming challenges in the business environment.
Snap-on Incorporated SNA News Analytics from Wed, 03 Jan 2018 08:00:00 GMT to Sun, 21 Jul 2024 19:00:46 GMT -
Rating 0
- Innovation -4
- Information 8
- Rumor -6
