Snap (SNA) Shareholder Bowen Hanes & Co INC Lowered Its Stake by $17.26 Million

February 19, 2018 - By Marie Mckinney

Investors sentiment increased to 1.23 in 2017 Q3. Its up 0.07, from 1.16 in 2017Q2. It improved, 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. Rhumbline Advisers owns 0.04% invested in Snap-on Incorporated (NYSE:SNA) for 119,599 shares. Peoples Fincl Svcs reported 0% stake. 32 are owned by Carroll Fincl Associates. Palouse Capital Inc reported 0.67% in Snap-on Incorporated (NYSE:SNA). Moreover, Boston Advsr Ltd Limited Liability Company has 0.01% invested in Snap-on Incorporated (NYSE:SNA). Duncker Streett Co holds 3,230 shares or 0.15% of its portfolio. M&T Bancorp invested in 0.01% or 10,694 shares. Triangle Securities Wealth Mgmt reported 0.13% in Snap-on Incorporated (NYSE:SNA). Reilly Herbert Faulkner Iii holds 2.33% or 25,737 shares in its portfolio. Td Asset invested 0.01% in Snap-on Incorporated (NYSE:SNA). Perigon Wealth Management Limited Liability Company holds 0.05% or 970 shares. Thomas White International Ltd reported 0.08% in Snap-on Incorporated (NYSE:SNA). Ashmore Wealth Management Llc reported 348,103 shares stake. Hgk Asset Mgmt owns 85,380 shares for 1.81% of their portfolio. Rmb Capital Management Ltd Llc has 0.44% invested in Snap-on Incorporated (NYSE:SNA).

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

Bowen Hanes & Co Inc decreased its stake in Snap (SNA) by 81.08% based on its latest 2017Q3 regulatory filing with the SEC. Bowen Hanes & Co Inc sold 115,820 shares as the company’s stock declined 3.98% while stock markets rallied. The institutional investor held 27,030 shares of the industrial machinery and components company at the end of 2017Q3, valued at $4.03M, down from 142,850 at the end of the previous reported quarter. Bowen Hanes & Co Inc who had been investing in Snap for a number of months, seems to be less bullish one the $9.17B market cap company. The stock decreased 0.19% or $0.3 during the last trading session, reaching $160.88. About 721,424 shares traded or 16.39% up from the average. Snap-on Incorporated (NYSE:SNA) has risen 2.47% since February 19, 2017 and is uptrending. It has underperformed by 14.23% the S&P500.

Bowen Hanes & Co Inc, which manages about $2.46 billion and $2.13 billion US Long portfolio, upped its stake in Vermilion Energy (Ca) (NYSE:VET) by 116,460 shares to 658,010 shares, valued at $23.41M in 2017Q3, according to the filing. It also increased its holding in Mts Systems (NASDAQ:MTSC) by 85,000 shares in the quarter, for a total of 295,000 shares, and has risen its stake in Henry Schein Inc (NASDAQ:HSIC).

More important recent Snap-on Incorporated (NYSE:SNA) news were published by: Seekingalpha.com which released: “Snap-On (SNA) Q4 2017 Results – Earnings Call Transcript” on February 08, 2018, also Businesswire.com published article titled: “Snap-on Incorporated to Webcast 2017 Fourth Quarter and Full Year Results …”, Businesswire.com published: “Snap-on Announces Fourth Quarter and Full Year 2017 Results” on February 08, 2018. More interesting news about Snap-on Incorporated (NYSE:SNA) was released by: Businesswire.com and their article: “Snap-on Incorporated Declares Quarterly Dividend” with publication date: February 15, 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 Oppenheimer on Tuesday, May 30. The stock of Snap-on Incorporated (NYSE:SNA) has “Buy” rating given on Tuesday, August 22 by Robert W. Baird. Oppenheimer maintained Snap-on Incorporated (NYSE:SNA) on Thursday, July 20 with “Buy” rating. FBR Capital maintained the stock with “Buy” rating in Friday, July 21 report. The stock of Snap-on Incorporated (NYSE:SNA) earned “Buy” rating by Robert W. Baird on Tuesday, August 1. As per Wednesday, April 12, the company rating was maintained by Oppenheimer. The firm earned “Buy” rating on Friday, February 3 by Wunderlich. The firm has “Hold” rating by Jefferies given on Tuesday, October 20. The firm has “Neutral” rating given on Monday, August 21 by Longbow. Jefferies maintained the shares of SNA in report on Tuesday, May 30 with “Hold” rating.

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