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NYSE:SNA

Snap-on - SNA Stock Forecast, Price & News

$231.58
-1.77 (-0.76%)
(As of 08/17/2022 05:08 PM ET)
Add
Compare
Today's Range
$230.67
$232.43
50-Day Range
$191.82
$233.35
52-Week Range
$190.08
$235.36
Volume
225,810 shs
Average Volume
350,991 shs
Market Capitalization
$12.34 billion
P/E Ratio
14.53
Dividend Yield
2.43%
Price Target
$238.60

Snap-on MarketRank™ Forecast

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
3.0% Upside
$238.60 Price Target
Short Interest
Healthy
5.23% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-1.79
Upright™ Environmental Score
News Sentiment
0.21mentions of Snap-on in the last 14 days
Based on 7 Articles This Week
Insider Trading
Selling Shares
$4.31 M Sold Last Quarter
Proj. Earnings Growth
4.62%
From $16.03 to $16.77 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.94 out of 5 stars

Consumer Discretionary Sector

230th out of 294 stocks

Cutlery, Handtools, & General Hardware Industry

4th out of 6 stocks

SNA stock logo

About Snap-on (NYSE:SNA) Stock

Snap-on Incorporated manufactures and markets tools, equipment, diagnostics, and repair information and systems solutions for professional users worldwide. It operates through Commercial & Industrial Group, Snap-on Tools Group, Repair Systems & Information Group, and Financial Services segments. The company offers hand tools, including wrenches, sockets, ratchet wrenches, pliers, screwdrivers, punches and chisels, saws and cutting tools, pruning tools, torque measuring instruments, and other products; power tools, such as cordless, pneumatic, hydraulic, and corded tools; and tool storage products comprising tool chests, roll cabinets, and other products. It also provides handheld and computer-based diagnostic products, service and repair information products, diagnostic software solutions, electronic parts catalogs, business management systems and services, point-of-sale systems, integrated systems for vehicle service shops, original equipment manufacturer purchasing facilitation services, and warranty management systems and analytics. In addition, the company offers solutions for the service of vehicles and industrial equipment that include wheel alignment equipment, wheel balancers, tire changers, vehicle lifts, test lane equipment, collision repair equipment, vehicle air conditioning service equipment, brake service equipment, fluid exchange equipment, transmission troubleshooting equipment, safety testing equipment, battery chargers, and hoists, as well as after-sales support services and training programs. Further, it provides financing programs to facilitate the sales of its products and support its franchise business. The company serves the aviation and aerospace, agriculture, construction, government and military, mining, natural resources, power generation, and technical education industries, as well as vehicle dealerships and repair centers. Snap-on Incorporated was founded in 1920 and is based in Kenosha, Wisconsin.

Wall Street Analyst Weigh In

Several research firms have issued reports on SNA. Tigress Financial upped their price objective on Snap-on from $295.00 to $298.00 and gave the company a "buy" rating in a research note on Monday, April 25th. UBS Group reduced their target price on Snap-on to $175.00 in a report on Friday, July 22nd. Finally, MKM Partners assumed coverage on Snap-on in a report on Thursday, June 9th. They issued a "neutral" rating and a $238.00 target price on the stock.

Snap-on Price Performance

Snap-on stock opened at $233.35 on Wednesday. The company has a quick ratio of 2.37, a current ratio of 3.28 and a debt-to-equity ratio of 0.27. The stock has a market cap of $12.43 billion, a P/E ratio of 14.64, a P/E/G ratio of 1.85 and a beta of 1.12. The company's 50 day moving average price is $209.40 and its two-hundred day moving average price is $211.94. Snap-on has a 52 week low of $190.08 and a 52 week high of $235.36.

Snap-on (NYSE:SNA - Get Rating) last posted its quarterly earnings results on Thursday, July 21st. The company reported $4.27 earnings per share for the quarter, topping the consensus estimate of $3.91 by $0.36. The business had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.10 billion. Snap-on had a net margin of 19.83% and a return on equity of 20.51%. The firm's revenue for the quarter was up 5.1% on a year-over-year basis. During the same period in the previous year, the firm posted $3.76 earnings per share. On average, equities analysts predict that Snap-on will post 15.93 earnings per share for the current year.

Snap-on Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, September 9th. Investors of record on Friday, August 19th will be issued a $1.42 dividend. This represents a $5.68 annualized dividend and a yield of 2.43%. The ex-dividend date is Thursday, August 18th. Snap-on's dividend payout ratio is currently 35.63%.

Insider Buying and Selling

In other Snap-on news, CEO Nicholas T. Pinchuk sold 19,394 shares of Snap-on stock in a transaction on Wednesday, June 1st. The shares were sold at an average price of $216.58, for a total value of $4,200,352.52. Following the completion of the transaction, the chief executive officer now directly owns 622,123 shares of the company's stock, valued at approximately $134,739,399.34. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Snap-on news, SVP Jesus Arregui sold 488 shares of the stock in a transaction dated Friday, August 5th. The shares were sold at an average price of $223.31, for a total transaction of $108,975.28. Following the completion of the transaction, the senior vice president now owns 2,409 shares of the company's stock, valued at $537,953.79. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Nicholas T. Pinchuk sold 19,394 shares of the firm's stock in a transaction that occurred on Wednesday, June 1st. The shares were sold at an average price of $216.58, for a total transaction of $4,200,352.52. Following the completion of the sale, the chief executive officer now directly owns 622,123 shares in the company, valued at approximately $134,739,399.34. The disclosure for this sale can be found here. 4.30% of the stock is currently owned by corporate insiders.

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SNA Stock News Headlines

Snap: The Market May Be Overreacting
Snap-on (NYSE:SNA) PT Lowered to $175.00
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SNA Company Calendar

Ex-Dividend for 6/10 Dividend
5/19/2022
Dividend Payable
6/10/2022
Last Earnings
7/21/2022
Today
8/17/2022
Ex-Dividend for 9/9 Dividend
8/18/2022
Dividend Payable
9/09/2022
Next Earnings (Estimated)
10/20/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Cutlery, handtools, & general hardware
Sub-Industry
Industrial Machinery
CUSIP
83303410
Employees
12,800
Year Founded
1920

Price Target and Rating

Average Stock Price Forecast
$238.60
High Stock Price Forecast
$298.00
Low Stock Price Forecast
$175.00
Forecasted Upside/Downside
+3.0%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
3 Analysts

Profitability

Net Income
$820.50 million
Pretax Margin
26.37%

Debt

Sales & Book Value

Annual Sales
$4.25 billion
Cash Flow
$17.29 per share
Book Value
$81.60 per share

Miscellaneous

Free Float
50,977,000
Market Cap
$12.34 billion
Optionable
Optionable
Beta
1.12

Social Links















SNA Stock - Frequently Asked Questions

Should I buy or sell Snap-on stock right now?

3 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Snap-on in the last year. There are currently 1 sell rating, 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street 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.

What is Snap-on's stock price forecast for 2022?

3 analysts have issued twelve-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 share price to reach $238.60 in the next year. This suggests a possible upside of 2.2% from the stock's current price.
View analysts price targets for SNA
or view top-rated stocks among Wall Street analysts.

How have SNA shares performed in 2022?

Snap-on's stock was trading at $215.38 at the beginning of the year. Since then, SNA stock has increased by 8.3% and is now trading at $233.35.
View the best growth stocks for 2022 here
.

When is Snap-on's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, October 20th 2022.
View our SNA earnings forecast
.

How were Snap-on's earnings last quarter?

Snap-on Incorporated (NYSE:SNA) released its earnings results on Thursday, July, 21st. The company reported $4.27 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.91 by $0.36. The business earned $1.14 billion during the quarter, compared to the consensus estimate of $1.10 billion. Snap-on had a trailing twelve-month return on equity of 20.51% and a net margin of 19.83%. Snap-on's quarterly revenue was up 5.1% compared to the same quarter last year. During the same period last year, the business earned $3.76 earnings per share.
Read the conference call transcript
.

How often does Snap-on pay dividends? What is the dividend yield for Snap-on?

Snap-on announced a quarterly dividend on Thursday, August 4th. Shareholders of record on Friday, August 19th will be given a dividend of $1.42 per share on Friday, September 9th. This represents a $5.68 annualized dividend and a yield of 2.43%. The ex-dividend date is Thursday, August 18th.
Read our dividend analysis for SNA
.

Is Snap-on a good dividend stock?

Snap-on (NYSE:SNA) pays an annual dividend of $5.68 per share and currently has a dividend yield of 2.46%. 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 35.63%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, SNA will have a dividend payout ratio of 33.87% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for SNA.

How will Snap-on's stock buyback program work?

Snap-on declared that its Board of Directors has authorized a share buyback plan on Thursday, November 4th 2021, which allows the company to repurchase $500,000,000.00 in shares, according to EventVestor. This repurchase authorization allows the company to buy up to 4.4% of its stock through open market purchases. Stock repurchase plans are often an indication that the company's board believes its shares are undervalued.

What is Nick Pinchuk's approval rating as Snap-on's CEO?

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.

What other stocks do shareholders of Snap-on own?

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).

What is Snap-on's stock symbol?

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

Who are Snap-on's major shareholders?

Snap-on's stock is owned by a variety of institutional and retail investors. Top institutional investors include State Street Corp (4.20%), JPMorgan Chase & Co. (2.49%), Northern Trust Corp (1.62%), AQR Capital Management LLC (1.28%), Confluence Investment Management LLC (1.24%) and Nordea Investment Management AB (0.97%). 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.
View institutional ownership trends
.

How do I buy shares of Snap-on?

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.
Compare Top Brokerages Here.

What is Snap-on's stock price today?

One share of SNA stock can currently be purchased for approximately $233.35.

How much money does Snap-on make?

Snap-on (NYSE:SNA) has a market capitalization of $12.43 billion and generates $4.25 billion in revenue each year. The company earns $820.50 million in net income (profit) each year or $15.94 on an earnings per share basis.

How many employees does Snap-on have?

The company employs 12,800 workers across the globe.

When was Snap-on founded?

Snap-on was founded in 1920.

How can I contact Snap-on?

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.

This page (NYSE:SNA) was last updated on 8/17/2022 by MarketBeat.com Staff

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