Bellars Harris Wealth Management LLC Invests $9.15 Million in Snap-On Incorporated $SNA

Key Points

• Bellars Harris Wealth Management initiated a $9.15 million Snap-On position in the second quarter, buying 22,730 shares; institutional investors collectively own 84.88% of the company.
• Snap-On reported solid quarterly results, with earnings of $4.96 per share beating estimates and revenue rising 4.7% year over year to $1.24 billion. Analysts maintain a “Moderate Buy” consensus with an average price target of $426.20.
• The company declared a quarterly dividend of $2.44, representing a 2.4% annualized yield, and authorized a $500 million share-repurchase program. Insiders have nevertheless sold more than $9.3 million of stock over the past 90 days.

Bellars Harris Wealth Management LLC purchased a new position in shares of Snap-On Incorporated (NYSE:SNA - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 22,730 shares of the company's stock, valued at approximately $9,147,000. Snap-On comprises approximately 1.9% of Bellars Harris Wealth Management LLC's portfolio, making the stock its 20th largest holding.

Several other hedge funds also recently bought and sold shares of the business. Miller Howard Investments Inc. NY purchased a new position in Snap-On during the 1st quarter worth $51,244,000. First Horizon Corp purchased a new stake in shares of Snap-On in the 4th quarter worth $4,068,000. QRG Capital Management Inc. lifted its holdings in shares of Snap-On by 9.9% in the 1st quarter. QRG Capital Management Inc. now owns 86,849 shares of the company's stock worth $31,545,000 after buying an additional 7,798 shares during the period. Fisher Asset Management LLC grew its position in shares of Snap-On by 21.8% during the 4th quarter. Fisher Asset Management LLC now owns 66,017 shares of the company's stock worth $22,750,000 after buying an additional 11,808 shares in the last quarter. Finally, Novem Group bought a new position in shares of Snap-On during the 4th quarter worth $980,000. Institutional investors own 84.88% of the company's stock.

Snap-On Trading Down 0.3%

SNA opened at $403.25 on Friday. The company has a current ratio of 3.43, a quick ratio of 2.64 and a debt-to-equity ratio of 0.15. The firm has a market cap of $20.86 billion, a price-to-earnings ratio of 20.56, a PEG ratio of 2.84 and a beta of 0.73. Snap-On Incorporated has a 12 month low of $319.20 and a 12 month high of $423.02. The stock has a fifty day moving average price of $402.16 and a 200-day moving average price of $383.62.

Snap-On (NYSE:SNA - Get Free Report) last issued its quarterly earnings data on Thursday, July 23rd. The company reported $4.96 earnings per share for the quarter, beating analysts' consensus estimates of $4.95 by $0.01. Snap-On had a return on equity of 17.07% and a net margin of 21.25%.The company had revenue of $1.24 billion for the quarter, compared to the consensus estimate of $1.22 billion. During the same quarter last year, the company earned $4.72 earnings per share. The firm's revenue for the quarter was up 4.7% compared to the same quarter last year. As a group, equities research analysts anticipate that Snap-On Incorporated will post 19.7 earnings per share for the current fiscal year.

Snap-On Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Wednesday, August 19th will be issued a $2.44 dividend. This represents a $9.76 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date is Wednesday, August 19th. Snap-On's dividend payout ratio (DPR) is currently 49.77%.

Snap-On announced that its board has authorized a share buyback program on Thursday, April 30th that allows the company to repurchase $500.00 million in shares. This repurchase authorization allows the company to buy up to 2.5% of its shares through open market purchases. Shares repurchase programs are often a sign that the company's board of directors believes its shares are undervalued.

Analyst Ratings Changes

SNA has been the subject of several recent research reports. Roth Capital restated a "buy" rating and issued a $461.00 price objective (up from $409.00) on shares of Snap-On in a report on Friday, July 24th. Tigress Financial increased their target price on shares of Snap-On from $445.00 to $485.00 and gave the stock a "buy" rating in a report on Friday, July 31st. Robert W. Baird set a $415.00 target price on shares of Snap-On in a research report on Friday, July 24th. Weiss Ratings restated a "buy (b)" rating on shares of Snap-On in a report on Friday, July 17th. Finally, Barclays assumed coverage on shares of Snap-On in a research report on Thursday, May 28th. They issued an "overweight" rating and a $420.00 price target for the company. Five research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to data from MarketBeat, Snap-On presently has a consensus rating of "Moderate Buy" and an average price target of $426.20.

Insider Activity

In other Snap-On news, SVP Jesus Arregui sold 4,251 shares of the firm's stock in a transaction that occurred on Wednesday, June 10th. The shares were sold at an average price of $383.92, for a total value of $1,632,043.92. Following the completion of the sale, the senior vice president directly owned 4,439 shares in the company, valued at $1,704,220.88. This trade represents a 48.92% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Aldo John Pagliari sold 5,531 shares of the firm's stock in a transaction that occurred on Thursday, August 13th. The shares were sold at an average price of $404.25, for a total transaction of $2,235,906.75. Following the completion of the sale, the chief financial officer owned 120,644 shares of the company's stock, valued at approximately $48,770,337. This trade represents a 4.38% 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 a total of 23,039 shares of company stock valued at $9,334,505 over the last 90 days. 3.80% of the stock is currently owned by corporate insiders.

More Snap-On News

Here are the key news stories impacting Snap-On this week:

• Positive Sentiment: Long-term earnings outlook improved: Zacks Research raised its FY2028 EPS estimate to $22.13 from $21.75. Estimates for Q1 2027, Q2 2027 and Q1–Q2 2028 were also increased, suggesting expectations for continued earnings growth. Snap-On stock information
• Positive Sentiment: Analyst sentiment remains favorable: Snap-On has an overall “Moderate Buy” rating, with five Buy ratings and one Hold rating. The average price target is $426.20, above the recent trading level. Snap-On receives Moderate Buy rating
• Positive Sentiment: Shareholder returns provide support: The company has authorized a $500 million share-repurchase program and recently declared a quarterly dividend of $2.44, equivalent to a 2.4% annualized yield at the reported valuation.
• Neutral Sentiment: Recent operating performance was solid: Snap-On’s latest quarterly earnings were $4.96 per share, slightly above estimates, while revenue increased 4.7% year over year to $1.24 billion. The stock trades near its 12-month high, with a price-to-earnings ratio of approximately 20.6.
• Negative Sentiment: Near-term estimates were trimmed: Zacks lowered its Q3 2026 EPS forecast to $4.90 from $4.96 and its Q4 2026 estimate to $5.07 from $5.13. It also reduced Q3 and Q4 2027 estimates slightly, indicating some caution about upcoming results.
• Negative Sentiment: CFO insider sale may weigh on sentiment: CFO Aldo John Pagliari sold 5,531 shares for approximately $2.24 million, reducing his holdings by 4.38%. Because the transaction occurred under a pre-arranged Rule 10b5-1 plan and he retains more than 120,000 shares, the signal is less concerning but remains a potential overhang. Snap-On CFO stock sale

Snap-On Company Profile

Snap‑On Incorporated NYSE: SNA is a designer, manufacturer and marketer of tools, diagnostic equipment, repair information and shop equipment for professional users. The company's product range includes hand and power tools, tool storage and cabinets, diagnostic scan tools and software, shop equipment such as lifts and tire changers, and specialized specialty tools for automotive, aviation, marine and industrial applications. Snap‑On also offers information and workflow solutions that combine diagnostic data, repair procedures and parts information to support professional technicians.

Founded in 1920 and headquartered in Kenosha, Wisconsin, Snap‑On has established a long history in the professional tools market.

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