Chairman, President and CEO of Snap-on Incorporated (SNA) Nicholas T. Pinchuk sold 24,825 shares on July 19, 2012 at an average price of $66. The total transaction amount is $1,638,450.
Since December 2007, Mr. Pinchuk has been Snap-On’s president and CEO; since April 2009, he has been the company’s chairman of the board. Before becoming the president and CEO, Pinchuk was the CEO since April 2007 and the senior vice president. Prior to coming to Snap-On, Mr. Pinchuk worked at United Technologies Corporation and Ford Motor Company.
On February 16, 2012, Senior Vice President Finance and CFO Aldo John Pagliari sold 3,105 shares of SNA stock at the average price of 61.59. Other Directors and Officers have also sold shares of SNA stock. Vice President, Chief Information Officer Jeanne M. Moreno, Vice President Human Resources Iain Boyd, Director Arthur L. Kelly, and Vice President, General Counsel and Secretary Irwin M. Shur together sold a total of 39,110 of SNA stock in July, April, and March.
GuruFocus Guru John Rogers bought 26,880 shares during the first quarter of 2012. John Keeley, Robert Olstein and Ken Fisher kept their positions in SNA unchanged or slightly adjusted.
Snap-On Incorporated reported their 2012 second quarter financial results. The company reported revenues of $737.9 million, a 1.5% increase since 2011 and net income of $76.4 million.