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Snap-on

 

Buy Snap on stocks

SNAP-ON (SNA) Stocks

ABOUT SNAP-ON

? Snap-on Incorporated, a tool manufacturer and marketer, was incorporated on April 7, 1930 and has its headquarters in Milwaukee, Wisconsin in the United States. The company is a manufacturer and marketer of high-end tools and equipment for the transportation industry in fields such as heavy duty, marine, equipment, aviation and railroad industries. It also markets lower-end tools under the Blue-Point brand.

The company was established as the Snap-on Wrench Company in 1920 by William Seidemann and Joseph Johnson. The company manufactured ten sockets that could snap onto five interchangeable handles.

After World War II the idea was born to develop routs for company dealers to view mechanics on a weekly basis. The company also began using larger-walk-in vans to transport a growing product line. The company’s slogan was “5 do the work of 50”.

Snap-on Incorporated supplies hand-held electronic diagnostic tools for the computer systems used in modern cars and heavy-duty vehicles, as well as automotive emissions control diagnostics equipment at its San Jose diagnostic facility in California.

These products are sold under the Sun brand in Europe and Brazil. The company operates plants in Milwaukee, Wisconsin, Elizabethton, Tennessee and Alabama. Pneumatic and cordless tools are produced in Murphy, North Carolina, whilst wheel balancers and tire changers are manufactured in Conway, Arkansas.

Today, the company employs approximately 12 600 people across its operations.

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HISTORY OF SNAP-ON

  • Snap-on Incorporated conducts its operations through four primary segments: Commercial & Industrial Group, the Snap-on Tools Group, the Repair Systems & Information Group and Financial Services. The first segment, Commercial & Industrial Group, serves global customers in the aerospace, natural resources, government, power generation, transportation and technical education market segments.
  • Snap-on Tools Group’s business operations serves vehicle service and repair technicians via the company’s mobile tool distribution channel.
  • The Repair System & Information Group focuses on professional vehicle repair customers such as owners of independent repair shops and original equipment manufacturer (OEM) dealership service and repair shops. The company’s subsidiary, Snap-on Credit LLC (SOC), provides financial services in the U.S. and in other international markets.
  • Snap-on Incorporated’s portfolio of products and services also include tool storage, diagnostics software, information and management systems and other solutions. The company’s financing programs are designed to facilitate the marketing of its products and to support its franchise businesses.
  • The company’s brands include Snap-on, ATI, BAHCO, DIC, Procut, Ecotechnics, Hofmann, Sandflex and TrucCam, to name but a few.

VISION & VALUES OF SNAP-ON

  • Snap-on Incorporated firmly believes in uncompromising quality, fearless innovation, workplace safety and stellar customer care. The company knows that the behavior of its people defines its success and also adds value for shareholders who purchase company shares.
  • The company therefore continuously demonstrates integrity, tells the truth, promotes teamwork and listens to its employees, clients, partners and stakeholders.

MARKET PERFORMANCE OF SNAP-ON

  • Snap-on Incorporated trades on the New York Stock Exchange (NYSE) under the stock symbol “SNA”. The company is an S&P component.
  • For the first quarter of 2019, the company recorded revenue of USUS Dollar 187.4 million or 20.3% of sales, compared to USUS Dollar 177.7 million or 19.0% of the previous fiscal cycle.
  • These financials afford shareholders the confidence to buy or sell company shares in the expectation of solid dividends and returns.

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LATEST NEWS SNAP-ON

Buy SNAP-ON stocks / shares – A Step by Step Guide how to Buy / Purchase SNAP-ON Stocks or Shares online.

Before buying any stock or share one has to consider a few factors.

STEP 1: PROPER RESEARCH IS ESSENTIAL

Upon deciding you want to buy SNAP-ON Stocks / Shares, it is critical for the serious investor to do proper research into the said company. Its values should align with those of the investor’s current portfolio. An investor needs to familiarise himself with the basics and history of the company, as well as its leadership and performance in the market. Its company reports should also be scrutinized.

Consultation with a brokerage firm can also assist in determining whether investing in a specific company will complement the investor’s current portfolio. The investment “risk ladder”, which identifies asset classes based on their relative riskiness, is another useful tool when determining which company’s stock / share is the best to buy.

STEP 2: CALCULATE THE AMOUNT OF INVESTMENT IN SNAP-ON STOCKS / SHARES

It is important for an investor to monitor his total investment in stock in order to keep his portfolio aligned to his investment strategy. The overall value of his holdings will change with the fluctuation in stock prices, which can throw his portfolio off balance. To determine the amount to invest, multiply the number of shares of each stock by its current market price to determine the total investment in that specific stock. For example, if you own 100 shares of a US Dollar 5 stock, multiply 100 by US Dollar 5 to get US Dollar 500.

STEP 3: DECIDE ON THE STOCK / SHARE ORDER TYPE

Investors can choose from a market order, a limit order, a stop order (also referred to as a stop-loss order) or a buy/sell stop order. It is important to familiarise yourself with each type’s pros and cons before deciding which one will suit your current stock profile best. An investor should be guided in this choice by his investment objective.

STEP 4: OPEN A BROKERAGE ACCOUNT

A brokerage account – also known as taxable investment account – is similar to a retirement account, but more flexible. Where a retirement account has limitations on the amount of money that can be contributed annually, and restrictions on when funds can be withdrawn, a brokerage account is more flexible. The latter has no income or contribution limit and the investor can withdraw his money at any given time. This flexibility, together with its potential investment gains, makes a brokerage account more attractive to serious investors. Brokerage accounts are ideal for goals or savings that are further than five years away, but closer than retirement. It can also supplement an investor’s emergency savings.

STEP 5: COMMIT AND PURCHASE SNAP-ON STOCKS / SHARES

Lastly, commit to the stock. Pro Tip: Monitor the value of your stock to ensure you have a growing stock value and dividend pay-out.  Regularly check the share price online to ensure your investment delivers a positive return on investment. You are now a proud owner of SNAP-ON stocks / shares.

5 Questions to ask yourself before purchasing any stocks or shares.

  1. Is it the best time to buy this stock / share?
  2. Should I buy SNAP-ON  stocks / shares in the current economic climate?
  3. Can I afford to buy this stock / share?
  4. What is the forecast of the stock / share growth?
  5. What is the current price per earning ration on the stock / share?

Read more about : UNIVERSAL HEALTH SERVICES STOCKS

Author Details

Louis Schoeman

Louis Schoeman

Featured Forex and Stocks writer

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