SNAP-ON INC. $117 (New York symbol SNA; Conservative Growth and Income Portfolios, Manufacturing & Industry sector; Shares outstanding: 58.2 million; Market cap: $6.8 billion; Price-to-sales ratio: 2.2; Dividend yield: 1.5%; TSINetwork Rating: Average; www.snapon.com) earned $95.9 million, or $1.62 a share, in the quarter ended March 29, 2014. That’s up 15.8% from $82.8 million, or $1.40 a share, a year earlier. Sales rose 6.2%, to $787.5 million from $741.7 million.
These improvements are partly due to Challenger Lifts, which Snap-On bought in May 2013. Challenger, a maker of systems that raise cars off the ground, added $15.2 million to Snap-On’s sales in the latest quarter.
Snap-On is a hold.