210,976 Snap-On Incorporated $SNA Shares Acquired by Aberdeen Group plc

Key Points

• Aberdeen Group increased its Snap-On position 547.1% in the third quarter, buying 210,976 shares to hold 249,537 shares worth about $90.7 million. Institutional investors collectively own 84.88% of the company.
• Snap-On’s latest quarter came in below expectations: EPS was $4.64 versus a $4.93 consensus, and revenue was $1.18 billion versus an estimated $1.24 billion. Revenue declined 0.6% year over year.
• Snap-On raised its quarterly dividend from $2.44 to $2.75 per share, equivalent to an annualized $11.00 and a 3.0% yield. Analysts’ consensus rating was “Moderate Buy,” with a $434 average price target.

Aberdeen Group plc grew its position in shares of Snap-On Incorporated (NYSE:SNA - Free Report) by 547.1% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 249,537 shares of the company's stock after purchasing an additional 210,976 shares during the quarter. Aberdeen Group plc owned about 0.48% of Snap-On worth $90,669,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of SNA. Nykredit A S acquired a new position in Snap-On in the second quarter valued at $10,909,000. Bank of America Corp DE grew its holdings in Snap-On by 0.4% during the 1st quarter. Bank of America Corp DE now owns 999,497 shares of the company's stock worth $363,037,000 after acquiring an additional 3,770 shares during the period. Royal Bank of Canada grew its holdings in Snap-On by 14.0% during the 1st quarter. Royal Bank of Canada now owns 111,046 shares of the company's stock worth $40,333,000 after acquiring an additional 13,665 shares during the period. The Manufacturers Life Insurance Company bought a new position in shares of Snap-On in the 2nd quarter worth about $12,874,000. Finally, State Street Corp raised its position in shares of Snap-On by 2.9% in the 2nd quarter. State Street Corp now owns 2,356,671 shares of the company's stock worth $948,324,000 after acquiring an additional 66,754 shares in the last quarter. Institutional investors and hedge funds own 84.88% of the company's stock.

Key Snap-On News

Investors following SNA have been watching these news items:

• Positive Sentiment: Zacks Research raised several forecasts, including FY2028 EPS to $22.57 from $22.13 and Q2 2028 EPS to $5.89 from $5.63. It also increased estimates for Q1 2028 and Q2 2027, signaling improved expectations in those periods. Snap-on stock information
• Negative Sentiment: Zacks cut estimates for several other periods, including FY2026 EPS to $19.13 from $19.62 and FY2027 to $19.99 from $20.45. Forecasts were also reduced for Q4 2026, Q1, Q3 and Q4 2027, and Q3 2028. These downward revisions may weigh on sentiment despite the increases to select later-period estimates. Snap-on stock information
• Negative Sentiment: CEO Nicholas Pinchuk sold 23,447 shares for about $8.76 million, reducing his direct holdings by 2.6%. The sale was made under a pre-arranged Rule 10b5-1 plan, and he retained 878,082 shares, which moderates the signal. Insider sale report

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on SNA shares. Barclays dropped their price objective on Snap-On from $435.00 to $405.00 and set an "overweight" rating on the stock in a research note on Monday, October 26th. Tigress Financial raised their target price on Snap-On from $445.00 to $485.00 and gave the stock a "buy" rating in a research note on Friday, July 31st. Roth Capital reaffirmed a "buy" rating and set a $461.00 target price (up from $409.00) on shares of Snap-On in a research note on Friday, July 24th. Robert W. Baird set a $385.00 target price on Snap-On in a report on Friday, October 23rd. Finally, Weiss Ratings lowered Snap-On from a "buy (b)" rating to a "buy (b-)" rating in a research note on Friday, October 30th. Four investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat.com, Snap-On has an average rating of "Moderate Buy" and a consensus price target of $434.00.

Snap-On Stock Up 0.0%

Snap-On stock opened at $368.06 on Friday. The company has a quick ratio of 2.71, a current ratio of 3.55 and a debt-to-equity ratio of 0.14. Snap-On Incorporated has a 12-month low of $320.80 and a 12-month high of $423.02. The firm's fifty day moving average is $367.43 and its 200 day moving average is $380.29. The company has a market capitalization of $18.98 billion, a PE ratio of 19.14, a PEG ratio of 2.63 and a beta of 0.75.

Snap-On (NYSE:SNA - Get Free Report) last issued its earnings results on Thursday, October 22nd. The company reported $4.64 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.93 by ($0.29). The company had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.24 billion. Snap-On had a return on equity of 16.77% and a net margin of 20.82%. The firm's revenue was down .6% compared to the same quarter last year. During the same period in the prior year, the company earned $4.71 earnings per share. As a group, sell-side analysts predict that Snap-On Incorporated will post 19.15 EPS for the current fiscal year.

Snap-On Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 10th. Stockholders of record on Friday, November 20th will be issued a dividend of $2.75 per share. This is an increase from Snap-On's previous quarterly dividend of $2.44. This represents a $11.00 annualized dividend and a dividend yield of 3.0%. The ex-dividend date is Friday, November 20th. Snap-On's dividend payout ratio (DPR) is currently 50.75%.

Insider Activity

In other news, VP Marty V. Ozolins sold 800 shares of the firm's stock in a transaction dated Wednesday, August 26th. The stock was sold at an average price of $400.00, for a total value of $320,000.00. Following the completion of the sale, the vice president directly owned 1,526 shares in the company, valued at $610,400. This trade represents a 34.39% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Nicholas T. Pinchuk sold 23,447 shares of the business's stock in a transaction dated Wednesday, November 11th. The shares were sold at an average price of $373.47, for a total value of $8,756,751.09. Following the completion of the sale, the chief executive officer directly owned 878,082 shares of the company's stock, valued at $327,937,284.54. The trade was a 2.60% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 47,136 shares of company stock worth $18,225,256 in the last quarter. Company insiders own 3.80% of the company's stock.

Snap-On Company Profile

Snap-on Incorporated develops, manufactures and markets tools, equipment, diagnostics and information systems for professional users. Its offerings include hand and power tools, tool storage, vehicle diagnostic equipment, shop equipment, repair information and software, and related products and services. The company serves customers in vehicle repair and other industries, including aviation, aerospace, agriculture, construction and manufacturing. Its products and services reach customers in the United States and international markets.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.