Snap-on Incorporated (NYSE: SNA) Investor Investigation Over Possible Violations Of Securities Laws Announced

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Company Name(s): 
Snap-on
Affected Securities: 
NYSE: SNA

An investigation on behalf of investors of Snap-on Incorporated (NYSE: SNA) shares over potential securities laws violations by Snap-on and certain of its directors and officers in connection with certain financial statements was announced.

The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Snap-on Incorporated (NYSE: SNA) concerning whether a series of statements by Snap-on Incorporated (NYSE: SNA regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

Kenosha, WI based Snap-on Incorporated manufactures and markets tools, equipment, diagnostics, and repair information and systems solutions for professional users worldwide. Snap-on Incorporated reported that its annual Total Revenue rose from over $3.71 billion in 2016 to over $4.00 billion in 2017 and that its Net Income increased from $546.4 million in 2016 to $557.7 million in 2017.

Shares of Snap-on Incorporated (NYSE: SNA) reached in early January 2018 as high as $185.47 per share.