Snap-on Incorporated recently reported various important events and financial updates.
Reinhart Partners and
Handelsbanken Fonder AB displayed robust support for the company, with holdings of $8.02 million and the purchase of 7,652 shares respectively. However,
Thrivent Financial for Lutherans lowered its holdings, and
NewEdge Advisors LLC and
Park Avenue Securities LLC also sold shares.
APG Asset Management N.V. and
Susquehanna Portfolio Strategies LLC have stakes in Snap-on amounting to $5.22 million and $4.20 million respectively. Snap-on's Q2 earnings missed estimates and experienced an organic sales decline. However, the company maintains a healthy balance sheet and delivered an overall Compound Annual Growth Rate (CAGR) of 13% over the last five years. Despite trade trickiness and mixed earnings results, Snap-On's 88% institutional ownership suggests big guns' favoritism. The company also announced the
retirement of Chief Development Officer Anup R. Banerjee and
acquisition of Mountz Inc and AutoCrib Inc. Snap-on's CEO Nicholas Pinchuk sold over $6.4 million in company stocks; nonetheless, he argued in an interview that the Federal Reserve should focus more on jobs than inflation.
Snap-on Incorporated SNA News Analytics from Wed, 24 Jul 2013 07:00:00 GMT to Sat, 12 Oct 2024 10:56:14 GMT -
Rating 1
- Innovation -1
- Information 6
- Rumor 1
