Centric Wealth Management Purchases Shares of 9,023 Snap-On Incorporated $SNA

Key Points

• Centric Wealth Management bought 9,023 Snap-On shares worth approximately $3.36 million during the second quarter. Institutional investors collectively own 84.88% of the company.
• Snap-On’s latest quarterly results exceeded expectations, with EPS of $4.96 and revenue of $1.24 billion, up 4.7% year over year. The company also authorized a $500 million share-buyback program and declared a quarterly dividend of $2.44 per share.
• Analyst sentiment remains positive, with a “Moderate Buy” consensus and an average price target of $426.20 versus the reported share price of $403.25. However, insiders have sold 23,039 shares worth $9.33 million over the past 90 days, while some near-term earnings estimates were reduced.

Centric Wealth Management purchased a new position in shares of Snap-On Incorporated (NYSE:SNA - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 9,023 shares of the company's stock, valued at approximately $3,358,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in SNA. Vanguard Group Inc. raised its position in Snap-On by 0.5% during the fourth quarter. Vanguard Group Inc. now owns 6,525,488 shares of the company's stock worth $2,248,683,000 after acquiring an additional 31,073 shares in the last quarter. State Street Corp grew its position in shares of Snap-On by 1.3% in the 4th quarter. State Street Corp now owns 2,272,041 shares of the company's stock valued at $782,945,000 after acquiring an additional 28,071 shares during the period. First Trust Advisors LP increased its stake in shares of Snap-On by 3.3% during the 1st quarter. First Trust Advisors LP now owns 2,033,129 shares of the company's stock worth $738,473,000 after purchasing an additional 65,521 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of Snap-On by 2.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,011,914 shares of the company's stock worth $693,306,000 after purchasing an additional 39,765 shares during the last quarter. Finally, Auto Owners Insurance Co raised its holdings in shares of Snap-On by 34,360.0% in the 4th quarter. Auto Owners Insurance Co now owns 1,025,185 shares of the company's stock valued at $353,279,000 after purchasing an additional 1,022,210 shares during the period. Institutional investors own 84.88% of the company's stock.

Insider Transactions at Snap-On

In related news, SVP Jesus Arregui sold 4,251 shares of the business's stock in a transaction on Wednesday, June 10th. The stock was 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. The trade was a 48.92% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Richard Thomas Miller sold 2,000 shares of the company's stock in a transaction on Wednesday, July 1st. The shares were sold at an average price of $405.92, for a total value of $811,840.00. Following the completion of the transaction, the vice president directly owned 4,529 shares in the company, valued at approximately $1,838,411.68. This represents a 30.63% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 23,039 shares of company stock valued at $9,334,505. 3.80% of the stock is currently owned by company insiders.

Snap-On News Summary

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

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on SNA shares. Robert W. Baird set a $415.00 price target on Snap-On in a report on Friday, July 24th. Barclays assumed coverage on Snap-On in a research report on Thursday, May 28th. They issued an "overweight" rating and a $420.00 price objective for the company. Roth Capital reiterated 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. Weiss Ratings reissued a "buy (b)" rating on shares of Snap-On in a report on Friday, July 17th. Finally, Tigress Financial increased their price target on Snap-On from $445.00 to $485.00 and gave the company a "buy" rating in a research note on Friday, July 31st. Five equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $426.20.

Snap-On Stock Down 0.3%

Shares of SNA opened at $403.25 on Friday. The firm has a market cap of $20.86 billion, a P/E ratio of 20.56, a price-to-earnings-growth ratio of 2.84 and a beta of 0.73. 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 Incorporated has a 52 week low of $319.20 and a 52 week high of $423.02. The firm's 50-day simple moving average is $402.16 and its 200 day simple moving average is $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 (EPS) for the quarter, topping the consensus estimate of $4.95 by $0.01. Snap-On had a net margin of 21.25% and a return on equity of 17.07%. The firm had revenue of $1.24 billion during the quarter, compared to the consensus estimate of $1.22 billion. During the same period last year, the business posted $4.72 earnings per share. The business's revenue for the quarter was up 4.7% compared to the same quarter last year. On average, analysts forecast that Snap-On Incorporated will post 19.7 earnings per share for the current year.

Snap-On declared that its Board of Directors has approved a stock buyback program on Thursday, April 30th that allows the company to buyback $500.00 million in outstanding shares. This buyback authorization allows the company to purchase up to 2.5% of its shares through open market purchases. Shares buyback programs are typically a sign that the company's management believes its shares are undervalued.

Snap-On Dividend Announcement

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

Snap-On 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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