Snap-on Incorporated (SNA) has been in a swirl of activity recently. A large chunk of shares were sold by
LSV Asset Management following mixed earnings results. The company is showing benign growth which underpins its share price. It's been suggested to wait for a better entry point to invest in Snap-on. Prospective shareholders are considering to take the leap as
financials look strong despite the stock showing weakness lately. The
Q2 earnings and revenues, however, missed estimates.
Insider sells by CFO Aldo Pagliari and Sr VP Anup Banerjee have also been reported. On the other hand, the company declared a
quarterly dividend and announced a $500 million share repurchase authorization. Organic sales showed a decline in Q2 earnings, but several investment firms have increased their stock holdings in the company. Despite some difficulties, investing in Snap-on five years ago would have delivered a 101% gain. Due to its consistent dividend growth and robust margins amid market uncertainties, Snap-on remains a top growth stock for the long term.
Snap-on Incorporated SNA News Analytics from Wed, 24 Jul 2013 07:00:00 GMT to Sun, 08 Sep 2024 15:33:53 GMT -
Rating -2
- Innovation 5
- Information 7
- Rumor -3
