Snap-On Incorporated Company Profile (NYSE:SNA)

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

Snap-On Incorporated declared a quarterly dividend on Thursday, August 3rd. Stockholders of record on Friday, August 18th will be given a dividend of $0.71 per share on Friday, September 8th. This represents a $2.84 dividend on an annualized basis and a dividend yield of 1.90%. The ex-dividend date of this dividend is Wednesday, August 16th. View Snap-On Incorporated's Dividend History.

Snap-On Incorporated declared that its board has initiated a share repurchase plan on Monday, August 7th 2017, which authorizes the company to buyback $500,000,000.00 in shares, according to EventVestor. This buyback authorization authorizes the company to purchase shares of its stock through open market purchases. Stock buyback plans are typically an indication that the company's board of directors believes its stock is undervalued.

Snap-On Incorporated (NYSE:SNA) posted its earnings results on Thursday, July, 20th. The company reported $2.60 EPS for the quarter, topping analysts' consensus estimates of $2.55 by $0.05. The business earned $921.40 million during the quarter, compared to analysts' expectations of $920.87 million. Snap-On Incorporated had a return on equity of 20.90% and a net margin of 16.22%. The firm's revenue was up 5.6% on a year-over-year basis. During the same quarter last year, the business earned $2.36 earnings per share. View Snap-On Incorporated's Earnings History.

Snap-On Incorporated is scheduled to release their next quarterly earnings announcement on Thursday, October, 19th 2017. View Earnings Estimates for Snap-On Incorporated.

7 brokers have issued twelve-month target prices for Snap-On Incorporated's shares. Their predictions range from $175.00 to $205.00. On average, they anticipate Snap-On Incorporated's stock price to reach $197.00 in the next twelve months. View Analyst Ratings for Snap-On Incorporated.

Here are some recent quotes from research analysts about Snap-On Incorporated stock:

• 1. According to Zacks Investment Research, "Tough macroeconomic conditions have been plaguing Snap-On in recent times. Sluggish oil and gas market activity and softness in industrial markets continue to negatively impact Snap-on’s revenues. Also, instability in the credit and financial markets and lower business & consumer spending will hurt its prospects. This apart, volatility in price of raw materials and ongoing sluggishness in Tools Storage products add to the company’s woes. In addition, over the past three months, Snap-on’s shares have underperformed the industry's average decline. On the positive side, Snap-On has a robust earnings surprise history over the trailing four quarters, having beaten estimates all through. Also, the company has been witnessing encouraging prospects in most of its business lines that will likely unlock new growth avenues going forward." (9/20/2017)
• 2. FBR & Co analysts commented, "SNA shares offer investors a compelling opportunity after being off about 5% on mixed 2Q17 results vs. the S&P 500 essentially flat. We believe all three businesses still have favorable outlooks. Despite slowing growth in the core van channel business, there are additional growth drivers that include enhancing the core Snap-on van channel, expanding the customer base, extending its reach in critical industries, and capitalizing on the development of emerging markets. With three business segments generating low- to mid-single-digit annual organic revenue growth, the company continues to generate positive operating leverage from a more favorable product mix and continuous improvement initiatives." (7/21/2017)

Some companies that are related to Snap-On Incorporated include Dover Corporation (DOV), Pall (PLL), W.W. Grainger (GWW), Gardner Denver Holdings (GDI), Crane Company (CR), Woodward (WWD), Spirax-Sarco Engineering plc (SPX), Weir Group PLC (WEIR), Timken Company (The) (TKR), Barnes Group (B), IMI plc (IMI), Manitowoc Food Service (WBT), KLX (KLXI), Rexnord Corporation (RXN), Hillenbrand (HI), Mueller Water Products (MWA), Proto Labs (PRLB) and SPX FLOW (FLOW).

Snap-On Incorporated's management team includes the folowing people:

• Nicholas T. Pinchuk, Chairman of the Board, President, Chief Executive Officer
• Aldo John Pagliari, Chief Financial Officer, Senior Vice President - Finance
• Anup R. Banerjee, Senior Vice President - Human Resources and Chief Development Officer
• Thomas L. Kassouf, Senior Vice President and President -Snap-on Tools Group
• Thomas J. Ward, Senior Vice President, President - Repair Systems & Information Group
• Richard K. Strege, Principal Accounting Officer, Vice President, Controller
• Iain Boyd, Vice President - Operations Development
• Jeanne M. Moreno, Vice President, Chief Information Officer
• Irwin Michael Shur, Vice President, General Counsel, Secretary
• James P. Holden, Lead Independent Director

Snap-On Incorporated's stock is owned by a number of of institutional and retail investors. Top institutional investors include Vanguard Group Inc. (9.78%), BlackRock Inc. (6.37%), JPMorgan Chase & Co. (5.29%), State Street Corp (4.30%), Bank of New York Mellon Corp (2.10%) and Schroder Investment Management Group (1.97%). Company insiders that own Snap-On Incorporated stock include Aldo John Pagliari, Anup R Banerjee, Constance Johnsen, Donald J Stebbins, Iain Boyd, Irwin M Shur, Jeanne M Moreno, Nathan J Jones, Nicholas T Pinchuk, Ruth Ann M Gillis, Thomas J Ward, Thomas L Kassouf, Viraf Savak Kapadia and William Dudley Lehman. View Institutional Ownership Trends for Snap-On Incorporated.

Snap-On Incorporated's stock was sold by a variety of institutional investors in the last quarter, including JPMorgan Chase & Co., Bank of New York Mellon Corp, Alliancebernstein L.P., Cramer Rosenthal Mcglynn LLC, Wells Fargo & Company MN, American Century Companies Inc., Forsta AP Fonden and Balyasny Asset Management LLC. Company insiders that have sold Snap-On Incorporated stock in the last year include Aldo John Pagliari, Constance Johnsen, Iain Boyd, Irwin M Shur, Jeanne M Moreno, Nathan J Jones, Nicholas T Pinchuk, Thomas J Ward, Thomas L Kassouf and William Dudley Lehman. View Insider Buying and Selling for Snap-On Incorporated.

Snap-On Incorporated's stock was acquired by a variety of institutional investors in the last quarter, including Koch Industries Inc., Boston Partners, Schroder Investment Management Group, Renaissance Technologies LLC, Principal Financial Group Inc., Cooke & Bieler LP, PGGM Investments and Bessemer Group Inc.. Company insiders that have bought Snap-On Incorporated stock in the last two years include Donald J Stebbins, Ruth Ann M Gillis and Viraf Savak Kapadia. View Insider Buying and Selling for Snap-On Incorporated.

Shares of Snap-On Incorporated can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

One share of Snap-On Incorporated stock can currently be purchased for approximately $149.32.