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LSV Asset Management sold a portion of its Snap-on shares despite the company reporting strong earnings.
Investment firm LSV Asset Management sold off a portion of its Snap-on Incorporated shares, reducing its holdings by 6.3% to 505,374 shares.
Snap-on reported strong fourth-quarter earnings of $4.82 per share, beating analyst expectations by $0.04.
The company, with a market cap of $17.29 billion, is forecast to post 19.79 earnings per share for the current fiscal year.
Snap-on's stock has a target price of $355.33 and a "Moderate Buy" rating from analysts.
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LSV Asset Management vendió una porción de sus acciones Snap-on a pesar de que la compañía reportó fuertes ganancias.