Livforsakringsbolaget Skandia Omsesidigt Takes $16.33 Million Position in Snap-On Incorporated $SNA

Livforsakringsbolaget Skandia Omsesidigt bought a new position in Snap-On Incorporated (NYSE:SNA - Free Report) in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 40,600 shares of the company's stock, valued at approximately $16,329,000. Livforsakringsbolaget Skandia Omsesidigt owned approximately 0.08% of Snap-On at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Miller Howard Investments Inc. NY bought a new position in shares of Snap-On in the 1st quarter worth approximately $51,244,000. QRG Capital Management Inc. boosted its position in shares of Snap-On by 9.9% during the first quarter. QRG Capital Management Inc. now owns 86,849 shares of the company's stock valued at $31,545,000 after purchasing an additional 7,798 shares in the last quarter. Fisher Asset Management LLC boosted its position in shares of Snap-On by 21.8% during the fourth quarter. Fisher Asset Management LLC now owns 66,017 shares of the company's stock valued at $22,750,000 after purchasing an additional 11,808 shares in the last quarter. Hsbc Holdings PLC grew its stake in Snap-On by 0.9% in the fourth quarter. Hsbc Holdings PLC now owns 374,236 shares of the company's stock worth $128,974,000 after purchasing an additional 3,321 shares during the period. Finally, Sanctuary Advisors LLC grew its stake in Snap-On by 8.0% in the first quarter. Sanctuary Advisors LLC now owns 36,690 shares of the company's stock worth $13,326,000 after purchasing an additional 2,714 shares during the period. 84.88% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CFO Aldo John Pagliari sold 5,531 shares of the stock in a transaction dated 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 sale, the chief financial officer directly owned 120,644 shares of the company's stock, valued at approximately $48,770,337. This represents a 4.38% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Jesus Arregui sold 4,251 shares of the firm's stock in a transaction dated Wednesday, June 10th. The shares were sold at an average price of $383.92, for a total transaction of $1,632,043.92. Following the sale, the senior vice president owned 4,439 shares of the company's stock, valued at approximately $1,704,220.88. This represents a 48.92% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 46,728 shares of company stock worth $18,803,009 over the last quarter. 3.80% of the stock is owned by insiders.

Analysts Set New Price Targets

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

Snap-On News Summary

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

Snap-On Stock Down 1.0%

SNA stock opened at $391.93 on Friday. The business has a 50 day moving average of $404.14 and a 200 day moving average of $385.27. The firm has a market cap of $20.27 billion, a PE ratio of 19.99, a price-to-earnings-growth ratio of 2.78 and a beta of 0.73. Snap-On Incorporated has a twelve month low of $319.20 and a twelve month high of $423.02. The company has a quick ratio of 2.64, a current ratio of 3.43 and a debt-to-equity ratio of 0.15.

Snap-On (NYSE:SNA - Get Free Report) last released 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. Snap-On had a return on equity of 17.07% and a net margin of 21.25%.The business had revenue of $1.24 billion for the quarter, compared to the consensus estimate of $1.22 billion. During the same period in the previous year, the company posted $4.72 earnings per share. The company's revenue for the quarter was up 4.7% compared to the same quarter last year. On average, research analysts forecast that Snap-On Incorporated will post 19.7 EPS 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. Investors 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 dividend on an annualized basis and a yield of 2.5%. Snap-On's payout ratio is presently 49.77%.

About Snap-On

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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