Snap-on - SNA Stock Forecast, Price & News

2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Snap-on in the last year. There are currently 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "buy" SNA shares.
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2 brokerages have issued 12 month price objectives 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 $238.25 in the next year. This suggests a possible upside of 15.4% 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 shares have decreased by 4.1% and is now trading at $206.45.
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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) announced its quarterly earnings data on Thursday, July, 21st. The company reported $4.27 earnings per share for the quarter, beating the consensus estimate 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%. The company's revenue for the quarter was up 5.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.76 EPS.
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Snap-on announced a quarterly dividend on Thursday, August 4th. Stockholders 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 2.75%. The ex-dividend date of this dividend 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 2.75%. 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 of Directors has initiated a share repurchase plan on Thursday, November 4th 2021, which authorizes the company to repurchase $500,000,000.00 in shares, according to EventVestor. This repurchase authorization authorizes the company to purchase up to 4.4% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company's board 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 a number 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.
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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 $206.45.

Snap-on (NYSE:SNA) has a market capitalization of $11.00 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.