Global Retirement Partners LLC Purchases New Shares in Snap-On Incorporated $SNA

Key Points

• Global Retirement Partners LLC bought 4,818 Snap-On shares worth approximately $1.94 million during the second quarter. Institutional investors collectively own 84.88% of the company.
• Snap-On reported solid quarterly results, with EPS of $4.96 beating estimates and revenue rising 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 authorized a $500 million share-repurchase program and declared a quarterly dividend of $2.44, representing a 2.4% annualized yield. However, insiders sold 23,039 shares worth $9.3 million in the latest quarter, including a $2.24 million sale by the CFO under a pre-arranged trading plan.

Global Retirement Partners LLC bought a new position in shares of Snap-On Incorporated (NYSE:SNA - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 4,818 shares of the company's stock, valued at approximately $1,939,000.

Other hedge funds also recently modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Snap-On by 15.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,850 shares of the company's stock valued at $2,983,000 after buying an additional 1,185 shares in the last quarter. Woodline Partners LP boosted its stake in shares of Snap-On by 40.4% during the first quarter. Woodline Partners LP now owns 4,426 shares of the company's stock valued at $1,492,000 after purchasing an additional 1,273 shares in the last quarter. EverSource Wealth Advisors LLC grew its holdings in Snap-On by 100.9% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 464 shares of the company's stock worth $144,000 after acquiring an additional 233 shares during the last quarter. Gamco Investors INC. ET AL increased its holdings in Snap-On by 32.9% in the second quarter. Gamco Investors INC. ET AL now owns 1,752 shares of the company's stock valued at $545,000 after purchasing an additional 434 shares during the period. Finally, Natixis lifted its stake in shares of Snap-On by 136.8% in the second quarter. Natixis now owns 3,048 shares of the company's stock worth $948,000 after acquiring an additional 1,761 shares during the period. 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 Activity

In other news, CFO Aldo John Pagliari sold 5,531 shares of the company's stock in a transaction on Thursday, August 13th. The shares were sold at an average price of $404.25, for a total value of $2,235,906.75. Following the transaction, the chief financial officer owned 120,644 shares of the company's stock, valued at approximately $48,770,337. This represents a 4.38% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Jesus Arregui sold 4,251 shares of the 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 owned 4,439 shares in the company, valued at $1,704,220.88. This trade represents a 48.92% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 23,039 shares of company stock valued at $9,334,505 in the last quarter. 3.80% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the company. Roth Capital reissued a "buy" rating and issued a $461.00 price objective (up from $409.00) on shares of Snap-On in a research note on Friday, July 24th. Barclays assumed coverage on shares of Snap-On in a research report on Thursday, May 28th. They set an "overweight" rating and a $420.00 target price for the company. Tigress Financial raised their price target on shares of Snap-On from $445.00 to $485.00 and gave the company a "buy" rating in a research report on Friday, July 31st. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Snap-On in a research report on Friday, July 17th. Finally, Robert W. Baird set a $415.00 price objective on shares of Snap-On in a research report on Friday, July 24th. Five research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $426.20.

Snap-On Stock Performance

Shares of SNA opened at $403.25 on Monday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 2.64 and a current ratio of 3.43. The stock has a market capitalization of $20.86 billion, a price-to-earnings ratio of 20.56, a price-to-earnings-growth ratio of 2.84 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 stock's 50-day simple moving average is $402.16 and its 200 day simple moving average is $383.71.

Snap-On (NYSE:SNA - Get Free Report) last announced its quarterly earnings results on Thursday, July 23rd. The company reported $4.96 earnings per share for the quarter, beating the consensus estimate of $4.95 by $0.01. Snap-On had a return on equity of 17.07% and a net margin of 21.25%.The firm had revenue of $1.24 billion for the quarter, compared to analysts' expectations of $1.22 billion. During the same period in the prior year, the business posted $4.72 earnings per share. The company's revenue was up 4.7% on a year-over-year basis. Research analysts forecast that Snap-On Incorporated will post 19.7 EPS for the current fiscal year.

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

Snap-On Announces Dividend

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