Ameriprise Financial Inc. Sells 27,738 Shares of Snap-On Incorporated $SNA

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Ameriprise Financial Inc. reduced its stake in Snap-On Incorporated (NYSE:SNA) by 3.5% in the third quarter, selling 27,738 shares, but still owns 1.49% of the company worth $267.94 million. Other institutional investors also adjusted their positions, and hedge funds collectively own 84.88% of Snap-On’s stock. The company recently reported strong earnings, exceeding consensus estimates, and announced a quarterly dividend, while insiders have been involved in both selling company shares.

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