Flputnam Investment Management Co. Takes $5.85 Million Position in Snap-On Incorporated $SNA

Key Points

• Flputnam Investment Management initiated a $5.85 million Snap-On position by purchasing 14,538 shares in the second quarter. Institutional investors collectively own 84.88% of the company.
• Snap-On recently exceeded quarterly expectations, reporting $4.96 in EPS and $1.24 billion in revenue, up 4.7% year over year. The company also authorized a $500 million share-repurchase program and declared a $2.44 quarterly dividend, yielding about 2.4% annually.
• Analyst sentiment remains favorable, with a consensus “Moderate Buy” rating and an average price target of $426.20 versus the stock’s recent price near $403. However, some near-term earnings estimates were lowered, and insiders have sold roughly $9.3 million of shares over the past three months.

Flputnam Investment Management Co. bought a new position in shares of Snap-On Incorporated (NYSE:SNA - Free Report) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund bought 14,538 shares of the company's stock, valued at approximately $5,850,000.

Several other large investors have also recently added to or reduced their stakes in the company. Global Retirement Partners LLC bought a new position in shares of Snap-On during the second quarter worth approximately $1,939,000. Bank of New York Mellon Corp bought a new position in shares of Snap-On during the second quarter valued at $174,736,000. Centric Wealth Management acquired a new position in shares of Snap-On in the second quarter worth approximately $3,358,000. State of Wyoming acquired a new position in Snap-On in the second quarter valued at $237,000. Finally, Bellars Harris Wealth Management LLC bought a new position in shares of Snap-On during the 2nd quarter worth approximately $9,147,000. Institutional investors own 84.88% of the company's stock.

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

Insider Transactions at Snap-On

In other news, CFO Aldo John Pagliari sold 5,531 shares of the company's stock in a transaction dated Thursday, August 13th. The stock was sold at an average price of $404.25, for a total value of $2,235,906.75. Following the completion of the transaction, the chief financial officer directly owned 120,644 shares in the company, valued at approximately $48,770,337. This represents a 4.38% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Timothy L. Chambers sold 9,111 shares of Snap-On stock in a transaction that occurred on Tuesday, July 28th. The stock was sold at an average price of $419.36, for a total transaction of $3,820,788.96. Following the transaction, the senior vice president directly owned 21,223 shares in the company, valued at $8,900,077.28. This trade represents a 30.04% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 23,039 shares of company stock worth $9,334,505 in the last three months. Insiders own 3.80% of the company's stock.

Snap-On Trading Down 0.1%

Shares of SNA stock opened at $403.25 on Monday. Snap-On Incorporated has a 1 year low of $319.20 and a 1 year high of $423.02. The company's fifty day simple moving average is $402.16 and its two-hundred day simple moving average is $383.71. The company has a debt-to-equity ratio of 0.15, a current ratio of 3.43 and a quick ratio of 2.64. The stock has a market capitalization 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 (NYSE:SNA - Get Free Report) last issued its earnings results on Thursday, July 23rd. The company reported $4.96 EPS for the quarter, topping the consensus estimate of $4.95 by $0.01. The business had revenue of $1.24 billion during the quarter, compared to the consensus estimate of $1.22 billion. Snap-On had a return on equity of 17.07% and a net margin of 21.25%.The firm's revenue was up 4.7% compared to the same quarter last year. During the same quarter last year, the company earned $4.72 EPS. As a group, analysts anticipate that Snap-On Incorporated will post 19.7 earnings per share for the current year.

Snap-On announced that its board has authorized a stock repurchase plan on Thursday, April 30th that authorizes the company to repurchase $500.00 million in outstanding shares. This repurchase authorization authorizes the company to buy up to 2.5% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company's leadership believes its stock is undervalued.

Snap-On Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Wednesday, August 19th will be given a $2.44 dividend. This represents a $9.76 annualized dividend and a dividend yield of 2.4%. The ex-dividend date is Wednesday, August 19th. Snap-On's dividend payout ratio is 49.77%.

Analysts Set New Price Targets

Several research firms recently issued reports on SNA. Robert W. Baird set a $415.00 price target 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. Tigress Financial lifted their price target on Snap-On from $445.00 to $485.00 and gave the stock a "buy" rating in a report on Friday, July 31st. Barclays started coverage on Snap-On in a research report on Thursday, May 28th. They set an "overweight" rating and a $420.00 target price for the company. Finally, Roth Capital reissued a "buy" rating and issued a $461.00 price target (up from $409.00) on shares of Snap-On in a report on Friday, July 24th. Five analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $426.20.

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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