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.

November 24, 2024
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