Snap-on Incorporated (SNA) continually registers significant investment activity even as several key company insiders have sold their stakes recently. While its notable financial performance has resulted in Snap-on stock consistently outperforming its underlying earnings growth for the last five years, the company has recently reported mixed earnings results. Both senior VP Thomas J. Ward and VP Iain Boyd made considerable sales of their SNA stock, with amounts exceeding $4 million and $1 million respectively. Assenagon Asset Management S.A., International Assets Investment Management LLC and other entities have, however, increased their holdings in SNA.
Despite a minor fall in organic sales in Q3, Snap-on’s results have generally beaten estimates with robust growth strategies in place. The company has also demonstrated strong balance sheet health and institutional ownership while also giving investors forward momentum with increased quarterly dividends and a considerable share repurchase authorization of $500 million. Analyst upgrades have led SNA to reach new 12-month highs, consistently reported as a strong value and growth stock for long-term investors.
Snap-on Incorporated SNA News Analytics from Wed, 24 Jul 2013 07:00:00 GMT to Sat, 02 Nov 2024 08:44:14 GMT - Rating 8 - Innovation 5 - Information 9 - Rumor 2
