Top 10 Dividend Stocks To Buy For 2014

Top 10 Dividend Stocks To Buy For 2014: Snap-On Incorporated(SNA)

Snap-on Incorporated provides tools, equipment, diagnostics, repair information, and systems solutions for professional users. Its products include hand tools, such as wrenches, screwdrivers, sockets, pliers, ratchets, saws and cutting tools, pruning tools, and torque measuring instruments; power tools, including pneumatic, hydraulic, cordless, and corded tools; and tool storage products comprising tool chests, roll cabinets, and tool control systems. The company?s diagnostics and repair information products include handheld and PC-based diagnostics products, service and repair information products, diagnostic software solutions, electronic parts catalogs, business management systems, business services, point-of-sale systems, integrated systems for vehicle service shops, original equipment manufacturer purchasing facilitation services, and warranty management systems and analytics to manage and track performance. Snap-on Incorporated?s equipment products comprise solutions for the diagnosis and service of automotive and industrial equipment, such as wheel alignment, collision repair, air conditioning service, brake service, fluid exchange, transmission troubleshooting, and safety testing equipment, as well as wheel balancers, tire changers, vehicle lifts, test lane systems, battery chargers, and hoists. The company also provides financial services, including business loans and vehicle leases to franchisees; loans to the franchisees? customers; and loans to its industrial and other customers for the purchase of tools, equipment, and diagnostics products. Snap-on Incorporated sells its products and services through mobile vans, franchisees, company-direct sales, distributors, and the Internet in approximately 130 countries, including the United States, the United Kingdom, Canada, Germany, Australia, France, Japan, Spain, Italy, Sweden, the Ne! therlands, Argentina, China, and Brazil. Snap-on Incorporated was founded in 1920 and is based in Kenosh a, Wisconsin.

Advisors' Opinion:

• [By Matt Thalman]

  Another player that operates heavily within this industry, but in a slightly different fashion, announced earnings today. Shares of tool company Snap-On (NYSE: SNA  )  rose 7.76% today after beating estimates on both the top and bottom lines. Revenue came in at $797.5 million for the quarter, a 5.9% increase from last year and higher than the $779.5 million analysts were looking for. Earnings per share hit $1.60, again higher than the $1.56 that was expected. One of the areas that management would like to focus on moving forward is expanding its vehicle repair garage, which again would make sense given the average age of vehicles on the road today. 

• [By Lisa Levin]

  Snap-on (NYSE: SNA) shares gained 0.60% to create a new 52-week high of $106.62. Snap-on's PEG ratio is 1.78.

  Posted-In: 52-Week HighsNews Intraday Update Markets Movers

source from Top Stocks Blog:http://www.topstocksblog.com/top-10-dividend-stocks-to-buy-for-2014.html