Snap-on Reports Solid 1Q Results; Maintaining $114 FVE
Narrow-moat-rated Snap-on, which provides hand tools, repair systems, and diagnostic equipment for critical task repair to maintenance professionals, reported earnings per share of $2.39 versus consensus of $2.38 for the first quarter. We think Snap-on's narrow moat derives from its ability to consistently innovate new products, and its status in the market as the premium brand to own enables the company to deliver solid profitability and returns for investors. However, this 1-star-rated stock c...Snap-on is a manufacturer and marketer of tools, equipment, diagnostics, repair information and systems solutions. Products and services include hand and power tools, tool storage, diagnostics software, handheld and PC-based diagnostic products, information and management systems, shop equipment and other solutions for vehicle dealerships and repair centers, as well as for customers in industries, such as aviation and aerospace, agriculture, construction, government and military, mining, natural resources, power generation and technical education. The company also provides financing programs designed to facilitate the sales of its products and support its franchise business.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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