Snap-on - SNA Stock Forecast, Price & News

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Snap-on in the last twelve months. There are currently 3 hold ratings and 1 buy rating for the stock. The consensus among Wall Street 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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4 brokers have issued 1 year target prices for Snap-on's shares. Their SNA share price forecasts range from $175.00 to $302.00. On average, they predict the company's stock price to reach $250.25 in the next year. This suggests a possible upside of 4.7% 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 $228.49 at the start of the year. Since then, SNA stock has increased by 4.6% and is now trading at $239.08.
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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) posted its quarterly earnings results on Thursday, February, 2nd. The company reported $4.42 earnings per share 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 20.29% and a trailing twelve-month return on equity of 20.83%. The company's quarterly revenue was up 4.3% on a year-over-year basis. During the same period last year, the firm posted $4.10 earnings per share.
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Snap-on declared a quarterly dividend on Thursday, February 9th. Shareholders of record on Thursday, February 23rd will be given a dividend of $1.62 per share on Friday, March 10th. This represents a $6.48 dividend on an annualized basis and a dividend yield of 2.71%. The ex-dividend date of this dividend is Wednesday, February 22nd.
Read our dividend analysis for SNA.

ETFs with the largest weight of Snap-on (NYSE:SNA) stock in their portfolio include Formidable Fortress ETF (KONG), AAM Bahl & Gaynor Small/Mid Cap Income Growth ETF (SMIG), UVA Dividend Value ETF (UVDV), Siren DIVCON Leaders ETF (LEAD), Dividend Performers ETF (IPDP), FT Cboe Vest Rising Dividend Achievers Target Income ETF (RDVI), First Trust NASDAQ Rising Dividend Achievers (RDVY) and ALPS O'Shares U.S. Small-Cap Quality Dividend ETF (OUSM).

Snap-on (NYSE:SNA) pays an annual dividend of $6.48 per share and currently has a dividend yield of 2.80%. 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 38.50%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, SNA will have a dividend payout ratio of 36.08% 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 authorized a stock repurchase plan on Thursday, November 4th 2021, which allows the company to repurchase $500,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization allows the company to repurchase up to 4.4% of its shares through open market purchases. Shares repurchase plans are usually an indication 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."

Snap-on's stock is owned by many different institutional and retail investors. Top institutional investors include Geode Capital Management LLC (2.61%), Charles Schwab Investment Management Inc. (2.39%), JPMorgan Chase & Co. (2.35%), First Trust Advisors LP (2.16%), Dimensional Fund Advisors LP (1.61%) and Morgan Stanley (1.43%). 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 $239.08.

Snap-on (NYSE:SNA) has a market capitalization of $12.70 billion and generates $4.49 billion in revenue each year. The company earns $911.70 million in net income (profit) each year or $16.83 on an earnings per share basis.

The company employs 2,600 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.