Lido Advisors LLC Reduces Stake in Snap-on Incorporated in 2023
March 14, 2023
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In 2023, Lido Advisors LLC reduced its stake in the leading tool and equipment manufacturer, Snap-on Incorporated ($NYSE:SNA). This is a significant development, as Lido Advisors LLC had previously held a large portion of the company’s stock. The reduction in their holdings suggests that Lido Advisors LLC is now less confident in the future of Snap-on Incorporated. As a result of the reduced stake, Snap-on Incorporated will likely see a decrease in their stock price and overall market capitalization. This can potentially be a major setback for the company, as they rely heavily on the confidence of their investors and shareholders to remain successful.
Despite the reduced stake, Snap-on Incorporated still has many loyal fans and investors who believe in the company’s future prospects. With a strong commitment to innovation, quality, and customer service, Snap-on Incorporated is continuing to build its reputation as a reliable tool and equipment manufacturer. As such, the decreased stake from Lido Advisors LLC should not be taken as a sign of trouble for Snap-on Incorporated.
Share Price
News sentiment surrounding Snap-on Incorporated has been largely positive in recent times. On Monday, the stock opened at $236.5 and closed at $237.6, a decrease of 1.1% from its prior closing price of $240.2. This is the latest development involving the company in the year 2023. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Snap-on Incorporated. More…
| Total Revenues | Net Income | Net Margin |
| 4.49k | 911.7 | 20.4% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Snap-on Incorporated. More…
| Operations | Investing | Financing |
| 675.2 | -206.2 | -485 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Snap-on Incorporated. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 6.97k | 2.47k | 84.55 |
Key Ratios Snapshot
Some of the financial key ratios for Snap-on Incorporated are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 6.4% | 7.9% | 27.8% |
| FCF Margin | ROE | ROA |
| 13.2% | 17.8% | 11.2% |
Analysis
GoodWhale has performed a comprehensive analysis of SNAP-ON INCORPORATED‘s financials, and the results indicate that the company is strong in asset, dividend, and profitability. According to our Star Chart, SNAP-ON INCORPORATED is rated as medium in growth, with a high health score of 10/10 considering its cashflows and debt, indicating that the company is capable to sustain future operations in times of crisis. Additionally, SNAP-ON INCORPORATED is classified as ‘rhino’, a type of company that has achieved moderate revenue or earnings growth. Given its strong financials, SNAP-ON INCORPORATED would be desirable for investors who are looking for a company with solid growth potential, low risk, and high returns. Investors seeking more aggressive growth may find SNAP-ON INCORPORATED’s moderate rate of growth to be unsatisfactory. More…
Peers
The company’s products are used by professionals in the automotive, aerospace, and industrial sectors. Snap-on’s products are also used by hobbyists and do-it-yourselfers. The company has a wide range of products that compete with those of its competitors.
– DMG Mori Aktiengesellschaft ($LTS:0OP0)
DMG Mori Aktiengesellschaft is a German machine tool manufacturer. The company is headquartered in Bielefeld, Germany. DMG Mori Aktiengesellschaft is the parent company of DMG Mori Seiki Co., Ltd., a Japanese machine tool manufacturer. The company is listed on the Frankfurt Stock Exchange and Tokyo Stock Exchange.
DMG Mori Aktiengesellschaft has a market cap of 3.24B as of 2022 and a Return on Equity of 8.55%. The company is a leading manufacturer of machine tools and has a strong presence in both the German and Japanese markets.
– Hangzhou Great Star Industrial Co Ltd ($SZSE:002444)
Hangzhou Great Star Industrial Co., Ltd. is engaged in the manufacture and sale of tools and hardware products. The Company’s products include hand tools, power tools, air tools, garden tools, automobile maintenance tools, and others. It sells its products under the brand names of Greatstar, GPS, and others. The Company operates its business in China and internationally.
– Jainex Aamcol Ltd ($BSE:505212)
Jainex Aamcol Ltd is an Indian company that is engaged in the business of manufacturing and marketing of chemicals. The company has a market capitalization of 184.87 million as of 2022 and a return on equity of 33.37%. The company’s products include dyes, pigments, and other chemicals. The company has a strong presence in the Indian market and is one of the leading manufacturers of chemicals in the country.
Summary
Lido Advisors LLC has recently reduced its stake in Snap-on Incorporated, an American manufacturer of hand tools, power tools, and tool storage. The recent reduction in Lido Advisors’ stake appears to be based on valuation concerns, with the stock being overvalued relative to its peers. Investors should take note of the potential risks associated with this investment, such as changing consumer trends and competitive pressures that could adversely affect the company’s results. Overall, Snap-on Incorporated still looks to be a sound long-term investment, but investors should take the time to properly evaluate their investment options before committing funds.
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