Gates Capital Management INC Holding in Snap On INC (SNA) Raised by $24.92 Million

February 21, 2018 - By Winifred Garcia

Investors sentiment increased to 1.23 in Q3 2017. Its up 0.07, from 1.16 in 2017Q2. It is positive, as 53 investors sold SNA shares while 154 reduced holdings. 58 funds opened positions while 196 raised stakes. 54.39 million shares or 4.11% more from 52.24 million shares in 2017Q2 were reported. 7,709 are held by Cardinal Cap Mgmt. Atria Investments Ltd Liability Co reported 2,914 shares or 0.02% of all its holdings. Riverbridge Partners Lc holds 224,957 shares or 0.66% of its portfolio. Cornerstone Mngmt Llc invested in 9,813 shares or 0.01% of the stock. Brandywine Global Inv Management Limited Liability Company owns 50,690 shares for 0.05% of their portfolio. Walthausen & Limited Liability Company holds 0.59% of its portfolio in Snap-on Incorporated (NYSE:SNA) for 42,340 shares. Cleararc Cap Incorporated has 1,482 shares. Natl Bank Of Montreal Can has invested 0.06% of its portfolio in Snap-on Incorporated (NYSE:SNA). Fort Washington Invest Inc Oh invested in 1,760 shares or 0% of the stock. Nationwide Fund Advsr invested 0.06% in Snap-on Incorporated (NYSE:SNA). Macquarie Ltd has 0% invested in Snap-on Incorporated (NYSE:SNA) for 2,218 shares. Moreover, State Of Alaska Department Of Revenue has 0.05% invested in Snap-on Incorporated (NYSE:SNA). Northcoast Asset Mgmt Ltd Liability Com accumulated 14,806 shares or 0.26% of the stock. Citadel Advisors Limited Liability Co holds 93,468 shares or 0.01% of its portfolio. Moreover, Koch has 0.21% invested in Snap-on Incorporated (NYSE:SNA) for 5,885 shares.

Since February 15, 2018, it had 0 insider purchases, and 1 sale for $125,750 activity.

Jeffrey Gates increased its stake in Snap On Inc (SNA) by 19.45% based on its latest 2017Q3 regulatory filing with the SEC. Gates Capital Management Inc bought 167,264 shares as the company’s stock declined 3.98% while stock markets rallied. The hedge fund run by Jeffrey Gates held 1.03M shares of the industrial machinery and components company at the end of 2017Q3, valued at $153.07M, up from 860,000 at the end of the previous reported quarter. Gates Capital Management Inc who had been investing in Snap On Inc for a number of months, seems to be bullish on the $9.13 billion market cap company. The stock increased 0.04% or $0.06 during the last trading session, reaching $160.94. About 732,155 shares traded or 17.09% up from the average. Snap-on Incorporated (NYSE:SNA) has risen 2.47% since February 21, 2017 and is uptrending. It has underperformed by 14.23% the S&P500.

Gates Capital Management Inc, which manages about $3.48B and $3.53 billion US Long portfolio, decreased its stake in Mercer Intl Inc (NASDAQ:MERC) by 775,583 shares to 8.34M shares, valued at $98.88 million in 2017Q3, according to the filing. It also reduced its holding in Servicemaster Global Hldgs I (NYSE:SERV) by 495,071 shares in the quarter, leaving it with 1.49 million shares, and cut its stake in Versum Matls Inc.

More important recent Snap-on Incorporated (NYSE:SNA) news were published by: which released: “Snap-on Announces Tender Offer for Any and All of Its Outstanding 6.70% Senior …” on February 20, 2018, also published article titled: “Snap-on Incorporated Declares Quarterly Dividend”, published: “Snap-on Incorporated to Webcast 2017 Fourth Quarter and Full Year Results …” on January 25, 2018. More interesting news about Snap-on Incorporated (NYSE:SNA) was released by: and their article: “Snap-on Announces Fourth Quarter and Full Year 2017 Results” with publication date: February 08, 2018.

Snap-on Incorporated (NYSE:SNA) Ratings Coverage

Among 10 analysts covering Snap-on (NYSE:SNA), 8 have Buy rating, 0 Sell and 2 Hold. Therefore 80% are positive. Snap-on had 29 analyst reports since August 20, 2015 according to SRatingsIntel. The stock has “Buy” rating by Robert W. Baird on Thursday, February 8. The stock of Snap-on Incorporated (NYSE:SNA) has “Hold” rating given on Tuesday, August 15 by Jefferies. The stock has “Buy” rating by Robert W. Baird on Monday, January 29. Jefferies maintained it with “Hold” rating and $175.0 target in Friday, November 3 report. The rating was maintained by Wunderlich with “Buy” on Friday, February 3. The firm has “Buy” rating by Oppenheimer given on Tuesday, May 30. The stock of Snap-on Incorporated (NYSE:SNA) earned “Buy” rating by Oppenheimer on Tuesday, June 27. The stock of Snap-on Incorporated (NYSE:SNA) earned “Buy” rating by Barrington on Monday, October 23. The rating was maintained by Oppenheimer with “Buy” on Sunday, June 11. As per Friday, July 21, the company rating was maintained by FBR Capital.

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