Snap-on - SNA Stock Forecast, Price & News

3 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Snap-on in the last year. There are currently 2 hold ratings and 1 buy rating for the stock. The consensus among Wall Street equities research 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.
View SNA analyst ratings or view top-rated stocks.

3 brokers have issued 12-month price targets for Snap-on's stock. Their SNA share price forecasts range from $175.00 to $298.00. On average, they anticipate the company's stock price to reach $249.25 in the next year. This suggests that the stock has a possible downside of 4.0%.
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 13.6% and is now trading at $259.66.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, April 20th 2023.
View our SNA earnings forecast.

Snap-on Incorporated (NYSE:SNA) released its quarterly earnings data on Thursday, February, 2nd. The company reported $4.42 EPS for the quarter, beating the consensus estimate of $4.09 by $0.33. The firm had revenue of $1.16 billion for the quarter, compared to analysts' expectations of $1.15 billion. Snap-on had a net margin of 20.17% and a trailing twelve-month return on equity of 20.84%. Snap-on's revenue for the quarter was up 4.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $4.10 EPS.
Read the conference call transcript.

Snap-on announced a quarterly dividend on Friday, November 4th. Shareholders of record on Monday, November 21st will be given a dividend of $1.62 per share on Friday, December 9th. This represents a $6.48 annualized dividend and a dividend yield of 2.50%. The ex-dividend date of this dividend is Friday, November 18th. This is a positive change from the stock's previous quarterly dividend of $1.42.
Read our dividend analysis for SNA.

Snap-on (NYSE:SNA) pays an annual dividend of $6.48 per share and currently has a dividend yield of 2.59%. 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 39.25%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, SNA will have a dividend payout ratio of 38.50% 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 approved a share repurchase plan on Thursday, November 4th 2021, which allows the company to buyback $500,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization allows the company to purchase up to 4.4% of its stock through open market purchases. Stock buyback plans are often a sign that the company's board 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 a variety of retail and institutional investors. Top institutional investors include Confluence Investment Management LLC (1.23%), Hamlin Capital Management LLC (0.88%), DekaBank Deutsche Girozentrale (0.71%), Bank of Montreal Can (0.70%), Dearborn Partners LLC (0.35%) and Sumitomo Mitsui Trust Holdings Inc. (0.34%). 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 $259.66.

Snap-on (NYSE:SNA) has a market capitalization of $13.80 billion and generates $4.25 billion in revenue each year. The company earns $820.50 million in net income (profit) each year or $16.51 on an earnings per share basis.

The company employs 12,800 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.