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 twelve months. 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.
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3 brokerages have issued 12 month target prices 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 twelve months. This suggests a possible upside of 1.9% from the stock's current price.
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Snap-on's stock was trading at $215.38 at the beginning of the year. Since then, SNA stock has increased by 8.6% and is now trading at $233.85.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, February 2nd 2023.
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Snap-on Incorporated (NYSE:SNA) issued its earnings results on Thursday, October, 20th. The company reported $4.14 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.85 by $0.29. The company had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.07 billion. Snap-on had a net margin of 20.17% and a trailing twelve-month return on equity of 20.84%. The firm's quarterly revenue was up 6.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $3.57 earnings per share.
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 yield of 2.77%. The ex-dividend date is Friday, November 18th. This is a boost 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 2.74%. 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 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 38.30% 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 authorized a stock buyback program on Thursday, November 4th 2021, which permits the company to buyback $500,000,000.00 in shares, according to EventVestor. This buyback authorization permits the company to reacquire up to 4.4% of its shares through open market purchases. Shares buyback programs are typically a sign that the company's leadership 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 many different institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (12.35%), BlackRock Inc. (8.75%), State Street Corp (4.17%), First Trust Advisors LP (2.24%), Dimensional Fund Advisors LP (1.86%) and Bank of New York Mellon Corp (1.47%). 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 $233.85.

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 $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.