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

9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Snap-on in the last year. 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 brokerages have issued 1 year price targets for Snap-on's shares. Their SNA share price forecasts range from $240.00 to $328.00. On average, they anticipate the company's share price to reach $296.83 in the next twelve months. This suggests a possible upside of 16.0% 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 12.0% and is now trading at $255.86.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, October 19th 2023.
View our SNA earnings forecast.

Snap-on Incorporated (NYSE:SNA) issued its quarterly earnings results on Thursday, July, 20th. The company reported $4.89 earnings per share for the quarter, topping the consensus estimate of $4.58 by $0.31. The firm earned $1.19 billion during the quarter, compared to analysts' expectations of $1.19 billion. Snap-on had a net margin of 21.06% and a trailing twelve-month return on equity of 21.38%. The business's revenue was up 4.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $4.27 EPS.
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Snap-on declared a quarterly dividend on Thursday, August 3rd. Shareholders of record on Friday, August 18th will be given a dividend of $1.62 per share on Monday, September 11th. This represents a $6.48 dividend on an annualized basis and a yield of 2.53%. The ex-dividend date of this dividend is Thursday, August 17th.
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), Formidable Fortress ETF (KONG), UVA Dividend Value ETF (UVDV), ALPS O'Shares U.S. Small-Cap Quality Dividend ETF (OUSM), AAM S&P 500 High Dividend Value ETF (SPDV), Dividend Performers ETF (IPDP), ALPS Sector Dividend Dogs ETF (SDOG) and First Trust NASDAQ Rising Dividend Achievers (RDVY).

Snap-on (NYSE:SNA) pays an annual dividend of $6.48 per share and currently has a dividend yield of 2.49%. 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 35.90%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, SNA will have a dividend payout ratio of 33.84% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for SNA.

Snap-on declared that its board has approved a share buyback plan on Thursday, November 4th 2021, which authorizes the company to repurchase $500,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization authorizes the company to purchase up to 4.4% of its shares through open market purchases. Shares repurchase plans are often a sign that the company's management believes its shares are 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 many different retail and institutional investors. Top institutional investors include BlackRock Inc. (8.67%), State Street Corp (4.14%), Geode Capital Management LLC (2.58%), Charles Schwab Investment Management Inc. (2.36%), JPMorgan Chase & Co. (2.32%) and Northern Trust Corp (1.51%). 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 $255.86.

Snap-on (NYSE:SNA) has a market capitalization of $13.54 billion and generates $4.63 billion in revenue each year. The company earns $911.70 million in net income (profit) each year or $18.05 on an earnings per share basis.

The company employs 12,900 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.