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Raymond James reduced its stake in Snap-on, while others increased holdings and Snap-on announced a buyback and dividend hike.
Raymond James Trust N.A.
reduced its stake in Snap-on Incorporated by 5.2%, while other hedge funds increased theirs.
Snap-on announced a $500 million share buyback and raised its quarterly dividend to $2.14.
Meanwhile, OneDigital Investment Advisors LLC made a new investment in Snap Inc., purchasing 11,411 shares.
Citigroup Inc. also increased its stake in Snap-on by 24,047 shares.
Both companies have seen activity from institutional investors and insiders selling shares recently.
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