Snap-on - SNA Stock Forecast, Price & News

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

2 Wall Street research 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 predict the company's share price to reach $238.25 in the next year. This suggests a possible upside of 18.3% 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 $215.38 at the beginning of 2022. Since then, SNA shares have decreased by 6.5% and is now trading at $201.35.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, October 20th 2022.
View our SNA earnings forecast.

Snap-on Incorporated (NYSE:SNA) released its quarterly earnings data on Thursday, July, 21st. The company reported $4.27 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.91 by $0.36. The firm earned $1.14 billion during the quarter, compared to analysts' expectations 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 revenue for the quarter was up 5.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $3.76 earnings per share.
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Snap-on announced a quarterly dividend on Thursday, August 4th. Investors 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 dividend yield of 2.82%. The ex-dividend date is Thursday, August 18th.
Read our dividend analysis for SNA.

Snap-on (NYSE:SNA) pays an annual dividend of $5.68 per share and currently has a dividend yield of 2.80%. The company has been increasing its dividend for 12 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 33.99% 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 initiated a stock repurchase program 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 purchase up to 4.4% of its shares through open market purchases. Shares repurchase programs are typically 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."

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 $201.35.

Snap-on (NYSE:SNA) has a market capitalization of $10.73 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.

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.