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 target prices for Snap-on's stock. 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 3.1% 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 beginning of 2023. Since then, SNA shares have increased by 10.6% and is now trading at $252.68.
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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) posted its quarterly earnings data on Thursday, April, 20th. The company reported $4.60 earnings per share (EPS) for the quarter, beating the consensus estimate 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 net margin of 20.60% and a trailing twelve-month return on equity of 21.17%. The firm's revenue for the quarter was up 7.8% on a year-over-year basis. During the same period last year, the firm posted $4.00 earnings per share.
Read the conference call transcript.

Snap-on announced a quarterly dividend on Thursday, April 27th. Investors of record on Friday, May 19th will be given a dividend of $1.62 per share on Friday, June 9th. This represents a $6.48 annualized dividend and a yield of 2.56%. The ex-dividend date 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 2.52%. 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 declared that its Board of Directors has initiated a share repurchase plan on Thursday, November 4th 2021, which authorizes the company to buyback $500,000,000.00 in shares, according to EventVestor. This buyback authorization authorizes the company to reacquire up to 4.4% of its stock through open market purchases. Stock buyback plans are generally an indication that the company's management 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 many different retail and institutional investors. Top institutional shareholders 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 $252.68.

Snap-on (NYSE:SNA) has a market capitalization of $13.37 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.