Snap-on (SNA) Stock Forecast, Price & News

9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Snap-on in the last twelve months. There are currently 1 sell rating, 4 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" SNA shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in SNA, but not buy additional shares or sell existing shares.
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9 Wall Street research analysts have issued 12 month price objectives for Snap-on's shares. Their SNA share price forecasts range from $175.00 to $302.00. On average, they predict the company's share price to reach $260.57 in the next year. This suggests a possible upside of 1.3% from the stock's current price.
View analysts price targets for SNA or view top-rated stocks among Wall Street analysts.

Snap-on's stock was trading at $228.49 at the start of the year. Since then, SNA shares have increased by 12.6% and is now trading at $257.35.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, July 20th 2023.
View our SNA earnings forecast.

Snap-on Incorporated (NYSE:SNA) released its quarterly earnings data on Thursday, April, 20th. The company reported $4.60 EPS for the quarter, beating analysts' consensus estimates of $4.14 by $0.46. The company earned $1.18 billion during the quarter, compared to analyst estimates of $1.13 billion. Snap-on had a trailing twelve-month return on equity of 21.17% and a net margin of 20.60%. Snap-on's quarterly revenue was up 7.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $4.00 EPS.
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Snap-on announced a quarterly dividend on Thursday, April 27th. Investors of record on Friday, May 19th will be paid a dividend of $1.62 per share on Friday, June 9th. This represents a $6.48 dividend on an annualized basis and a yield of 2.52%. The ex-dividend date of this dividend is Thursday, May 18th.
Read our dividend analysis for SNA.

ETFs with the largest weight of Snap-on (NYSE:SNA) stock in their portfolio include AAM Bahl & Gaynor Small/Mid Cap Income Growth ETF (SMIG), Hennessy Stance ESG Large Cap ETF (STNC), Formidable Fortress ETF (KONG), UVA Dividend Value ETF (UVDV), Siren DIVCON Leaders Dividend ETF (LEAD), ALPS Sector Dividend Dogs ETF (SDOG), Dividend Performers ETF (IPDP) and ALPS O'Shares U.S. Small-Cap Quality Dividend ETF (OUSM).

Snap-on (NYSE:SNA) pays an annual dividend of $6.48 per share and currently has a dividend yield of 2.53%. The company has been increasing its dividend for 13 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 37.18%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, SNA will have a dividend payout ratio of 34.67% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for SNA.

Snap-on announced that its Board of Directors has approved a stock buyback program on Thursday, November 4th 2021, which allows the company to repurchase $500,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization allows the company to buy up to 4.4% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company's leadership believes its stock is undervalued.

149 employees have rated Snap-on Chief Executive Officer Nick Pinchuk on Glassdoor.com. Nick Pinchuk has an approval rating of 80% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Snap-on investors own include Johnson & Johnson (JNJ), Walt Disney (DIS), Home Depot (HD), Pfizer (PFE), NVIDIA (NVDA), Cisco Systems (CSCO), AT&T (T), Intel (INTC), AbbVie (ABBV) and Verizon Communications (VZ).

Snap-on trades on the New York Stock Exchange (NYSE) under the ticker symbol "SNA."

Snap-on's stock is owned by a number of institutional and retail investors. Top institutional investors include Envestnet Asset Management Inc. (10.11%), BlackRock Inc. (8.83%), State Street Corp (4.16%), Geode Capital Management LLC (2.52%), JPMorgan Chase & Co. (2.37%) and Charles Schwab Investment Management Inc. (2.28%). Insiders that own company stock include Aldo John Pagliari, Anup R Banerjee, Iain Boyd, Jesus Arregui, Karen L Daniel, Nicholas T Pinchuk, Nicholas T Pinchuk, Richard K Strege, Richard K Strege, Richard Thomas Miller, Thomas J Ward, Thomas J Ward, Timothy L Chambers and William Dudley Lehman.
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Shares of SNA stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of SNA stock can currently be purchased for approximately $257.35.

Snap-on (NYSE:SNA) has a market capitalization of $13.62 billion and generates $4.49 billion in revenue each year. The company earns $911.70 million in net income (profit) each year or $17.43 on an earnings per share basis.

The company employs 2,600 workers across the globe.

Snap-on's mailing address is 2801 80th Street, KENOSHA WI, 53143. The official website for the company is www.snapon.com. The company can be reached via phone at (262) 656-5200, via email at sara.m.verbsky@snapon.com, or via fax at 262-656-1403.