Benjamin Edwards Inc. Has $44.09 Million Stake in Snap-On Incorporated $SNA

Key Points

• Benjamin Edwards Inc. cut its Snap-On position by 34.7% in the second quarter, selling 58,156 shares and retaining 109,505 shares worth approximately $44.1 million. Institutional investors and hedge funds collectively own 84.88% of the company.
• Snap-On reported quarterly EPS of $4.96, slightly exceeding estimates, while revenue rose 4.7% year over year to $1.24 billion. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $426.20.
• The company declared a quarterly dividend of $2.44, equivalent to an annualized $9.76 payout and a 2.5% yield. Shares recently opened at $391.93, down 1.0%, while insiders sold approximately $18.8 million of stock in the latest quarter under pre-arranged trading plans.

Benjamin Edwards Inc. lowered its position in Snap-On Incorporated (NYSE:SNA - Free Report) by 34.7% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 109,505 shares of the company's stock after selling 58,156 shares during the quarter. Benjamin Edwards Inc. owned approximately 0.21% of Snap-On worth $44,085,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the company. BlackRock Inc. bought a new position in Snap-On during the second quarter worth about $1,715,363,000. Auto Owners Insurance Co raised its stake in Snap-On by 34,360.0% in the fourth quarter. Auto Owners Insurance Co now owns 1,025,185 shares of the company's stock valued at $353,279,000 after buying an additional 1,022,210 shares during the period. Bank of America Corp DE acquired a new stake in shares of Snap-On in the second quarter valued at approximately $329,779,000. Norges Bank bought a new position in shares of Snap-On during the 4th quarter worth approximately $210,814,000. Finally, Caisse de depot et placement du Quebec acquired a new position in shares of Snap-On during the 2nd quarter worth approximately $181,969,000. 84.88% of the stock is currently owned by institutional investors and hedge funds.

Snap-On News Roundup

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

• Positive Sentiment: Snap-on extended its title sponsorship of the IndyCar weekend at Milwaukee Mile, continuing its visibility across IndyCar, NASCAR and other motorsports events. The partnership may support brand awareness and customer engagement among professional automotive technicians, although financial terms were not disclosed. Snap-on extends title sponsorship of IndyCar races at Milwaukee Mile
• Neutral Sentiment: Coverage of Snap-on’s sponsorship strategy highlights the company’s long-standing use of IndyCar, NASCAR and Milwaukee Mile partnerships to promote its “Makers and Fixers” brand. The initiatives could strengthen the company’s marketing reach, but they are primarily branding developments rather than new revenue or earnings guidance. What drives Snap-on's sponsorships of IndyCar, NASCAR and Milwaukee Mile
• Neutral Sentiment: Josef Newgarden was listed as the favorite for the 2026 Snap-on Makers and Fixers 250. The betting coverage provides additional publicity for the event but has no direct implication for Snap-on’s operating results. 2026 INDYCAR Odds: Josef Newgarden Favored For Snap-on Makers And Fixers 250
• Negative Sentiment: Vice President Marty Ozolins sold 800 shares for approximately $320,000, reducing his direct holdings by 34.39%. Because the sale was conducted under a pre-arranged Rule 10b5-1 plan, it is less concerning than an unexpected discretionary sale, but insider selling can still weigh on sentiment. Snap-On VP Marty Ozolins Sells 800 Shares of Stock

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. Barclays started coverage on Snap-On in a research note on Thursday, May 28th. They issued an "overweight" rating and a $420.00 price target on the stock. Roth Capital reiterated 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. Robert W. Baird set a $415.00 price objective 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 research note on Friday, July 17th. Finally, Tigress Financial upped their price target on shares of Snap-On from $445.00 to $485.00 and gave the company a "buy" rating in a research note on Friday, July 31st. Five research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $426.20.

Snap-On Trading Down 1.0%

Shares of Snap-On stock opened at $391.93 on Friday. The firm has a 50-day moving average of $404.14 and a 200-day moving average of $385.27. The stock has a market cap of $20.27 billion, a PE ratio of 19.99, a PEG ratio of 2.76 and a beta of 0.73. Snap-On Incorporated has a 52-week low of $319.20 and a 52-week high of $423.02. The company has a debt-to-equity ratio of 0.15, a quick ratio of 2.64 and a current ratio of 3.43.

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

Snap-On Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Wednesday, August 19th will be given a $2.44 dividend. This represents a $9.76 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date is Wednesday, August 19th. Snap-On's payout ratio is presently 49.77%.

Insiders Place Their Bets

In related news, SVP Timothy L. Chambers sold 9,111 shares of the firm's stock in a transaction on Tuesday, July 28th. The stock was sold at an average price of $419.36, for a total value of $3,820,788.96. Following the transaction, the senior vice president owned 21,223 shares in the company, valued at approximately $8,900,077.28. This trade represents a 30.04% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Nicholas T. Pinchuk sold 22,889 shares of the business's stock in a transaction dated Tuesday, August 18th. The shares were sold at an average price of $399.69, for a total value of $9,148,504.41. Following the completion of the transaction, the chief executive officer directly owned 867,779 shares of the company's stock, valued at approximately $346,842,588.51. This trade represents a 2.57% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 46,728 shares of company stock valued at $18,803,009 in the last quarter. Company insiders own 3.80% of the company's stock.

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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