Man Group plc Purchases New Shares in Snap-On Incorporated $SNA

Key Points

• Man Group plc purchased 12,491 Snap-On shares during the second quarter, valued at approximately $5.03 million. Institutional investors and hedge funds collectively own 84.88% of the company.
• Snap-On exceeded quarterly expectations with adjusted earnings of $4.96 per share and revenue of $1.24 billion, up 4.7% year over year. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $426.20.
• The company declared a quarterly dividend of $2.44 per share, equivalent to a $9.76 annualized payout and a 2.5% yield, while insiders have sold roughly $18.8 million worth of shares over the past 90 days under pre-arranged trading plans.

Man Group plc purchased a new position in shares of Snap-On Incorporated (NYSE:SNA - Free Report) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 12,491 shares of the company's stock, valued at approximately $5,026,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. DV Equities LLC acquired a new position in shares of Snap-On during the 4th quarter worth approximately $25,000. Western Wealth Management LLC acquired a new stake in shares of Snap-On in the first quarter valued at approximately $29,000. Montag A & Associates Inc. boosted its stake in shares of Snap-On by 331.8% in the fourth quarter. Montag A & Associates Inc. now owns 95 shares of the company's stock valued at $33,000 after buying an additional 73 shares during the period. Quattro Advisors LLC bought a new stake in shares of Snap-On in the fourth quarter valued at approximately $35,000. Finally, Annis Gardner Whiting Capital Advisors LLC grew its position in Snap-On by 36.4% during the fourth quarter. Annis Gardner Whiting Capital Advisors LLC now owns 105 shares of the company's stock worth $36,000 after buying an additional 28 shares in the last quarter. Institutional investors and hedge funds own 84.88% of the company's stock.

Insider Transactions at Snap-On

In other Snap-On news, VP Richard Thomas Miller sold 2,000 shares of the business's stock in a transaction dated Wednesday, July 1st. The stock was sold at an average price of $405.92, for a total transaction of $811,840.00. Following the completion of the transaction, the vice president owned 4,529 shares of the company's stock, valued at approximately $1,838,411.68. The trade was a 30.63% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Nicholas T. Pinchuk sold 22,889 shares of the stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of $399.69, for a total transaction 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 $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. Over the last 90 days, insiders have sold 46,728 shares of company stock valued at $18,803,009. Company insiders own 3.80% of the company's stock.

Snap-On Stock Up 0.0%

Shares of SNA opened at $391.93 on Monday. The firm has a 50 day simple moving average of $404.14 and a two-hundred day simple moving average of $385.40. The company has a debt-to-equity ratio of 0.15, a current ratio of 3.43 and a quick ratio of 2.64. Snap-On Incorporated has a one year low of $319.20 and a one year high of $423.02. The company has a market cap of $20.27 billion, a P/E ratio of 19.99, a P/E/G ratio of 2.76 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 earnings per share for the quarter, beating analysts' consensus estimates 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 the consensus estimate of $1.22 billion. During the same quarter last year, the business posted $4.72 EPS. The company's revenue was up 4.7% compared to the same quarter last year. Research analysts forecast that Snap-On Incorporated will post 19.7 EPS for the current fiscal year.

Snap-On Announces Dividend

The firm also recently disclosed 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 of this dividend is Wednesday, August 19th. This represents a $9.76 annualized dividend and a yield of 2.5%. Snap-On's dividend payout ratio (DPR) is 49.77%.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on SNA shares. Roth Capital reaffirmed 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. Tigress Financial raised their price target on Snap-On from $445.00 to $485.00 and gave the stock 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 note on Friday, July 17th. Robert W. Baird set a $415.00 price objective on shares of Snap-On in a research report on Friday, July 24th. Finally, Barclays assumed coverage on shares of Snap-On in a research note on Thursday, May 28th. They set an "overweight" rating and a $420.00 price objective on the stock. Five investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $426.20.

Key Headlines Impacting Snap-On

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

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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