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NYSE:SNA

Snap-on (SNA) Stock Price, News & Analysis

$285.44
-0.58 (-0.20%)
(As of 10/8/2024 ET)

About Snap-on Stock (NYSE:SNA)

Key Stats

Today's Range
$284.38
$287.21
50-Day Range
$267.82
$291.02
52-Week Range
$249.84
$298.49
Volume
185,316 shs
Average Volume
289,021 shs
Market Capitalization
$15.05 billion
P/E Ratio
14.98
Dividend Yield
2.61%
Price Target
$315.00
Consensus Rating
Moderate Buy

Company Overview

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 provides hand tools, including wrenches, sockets, ratchet wrenches, pliers, screwdrivers, punches and chisels, saws and cutting tools, pruning tools, torque measuring instruments, and other related products; power tools, such as cordless, pneumatic, and hydraulic and corded tools; and tool storage products comprising tool chests, roll cabinets, and other products. It 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; and engineered solutions. 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. It serves the aviation and aerospace, agriculture, infrastructure construction, government and military, mining, natural resources, power generation, and technical education industries. Snap-on Incorporated was incorporated in 1920 and is headquartered in Kenosha, Wisconsin.

Snap-on Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
90th Percentile Overall Score

SNA MarketRank™: 

Snap-on scored higher than 90% of companies evaluated by MarketBeat, and ranked 39th out of 299 stocks in the consumer discretionary sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    Snap-on has received a consensus rating of Moderate Buy. The company's average rating score is 2.75, and is based on 3 buy ratings, 1 hold rating, and no sell ratings.

  • Amount of Analyst Coverage

    Snap-on has only been the subject of 4 research reports in the past 90 days.

  • Read more about Snap-on's stock forecast and price target.
  • Earnings Growth

    Earnings for Snap-on are expected to grow by 4.75% in the coming year, from $18.95 to $19.85 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Snap-on is 14.98, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 129.10.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Snap-on is 14.98, which means that it is trading at a less expensive P/E ratio than the Consumer Discretionary sector average P/E ratio of about 16.12.

  • Price to Earnings Growth Ratio

    Snap-on has a PEG Ratio of 2.02. PEG Ratios above 1 indicate that a company could be overvalued.

  • Price to Book Value per Share Ratio

    Snap-on has a P/B Ratio of 2.96. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

  • Read more about Snap-on's valuation and earnings.
  • Percentage of Shares Shorted

    5.10% of the float of Snap-on has been sold short.
  • Short Interest Ratio / Days to Cover

    Snap-on has a short interest ratio ("days to cover") of 9.2.
  • Change versus previous month

    Short interest in Snap-on has recently decreased by 11.15%, indicating that investor sentiment is improving significantly.
  • Dividend Yield

    Snap-on pays a meaningful dividend of 2.58%, higher than the bottom 25% of all stocks that pay dividends.

  • Dividend Growth

    Snap-on has been increasing its dividend for 14 years.

  • Dividend Coverage

    The dividend payout ratio of Snap-on is 39.03%. This payout ratio is at a healthy, sustainable level, below 75%.

  • Dividend Sustainability

    Based on earnings estimates, Snap-on will have a dividend payout ratio of 37.48% next year. This indicates that Snap-on will be able to sustain or increase its dividend.

  • Read more about Snap-on's dividend.
  • Percentage of Shares Shorted

    5.10% of the float of Snap-on has been sold short.
  • Short Interest Ratio / Days to Cover

    Snap-on has a short interest ratio ("days to cover") of 9.2.
  • Change versus previous month

    Short interest in Snap-on has recently decreased by 11.15%, indicating that investor sentiment is improving significantly.
  • News Sentiment

    Snap-on has a news sentiment score of 0.34. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.62 average news sentiment score of Consumer Discretionary companies.
  • News Coverage This Week

    MarketBeat has tracked 23 news articles for Snap-on this week, compared to 38 articles on an average week.
  • Search Interest

    Only 1 people have searched for SNA on MarketBeat in the last 30 days. This is a decrease of -67% compared to the previous 30 days.
  • MarketBeat Follows

    8 people have added Snap-on to their MarketBeat watchlist in the last 30 days. This is an increase of 300% compared to the previous 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, Snap-on insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $8,077,390.00 in company stock.

  • Percentage Held by Insiders

    Only 4.10% of the stock of Snap-on is held by insiders.

  • Percentage Held by Institutions

    84.88% of the stock of Snap-on is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

  • Read more about Snap-on's insider trading history.
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SNA Stock News Headlines

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SNA Stock Analysis - Frequently Asked Questions

Snap-on's stock was trading at $288.84 on January 1st, 2024. Since then, SNA shares have decreased by 1.2% and is now trading at $285.44.
View the best growth stocks for 2024 here
.

Snap-on Incorporated (NYSE:SNA) posted its quarterly earnings results on Thursday, July, 18th. The company reported $5.07 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.94 by $0.13. The firm's revenue was down 1.0% on a year-over-year basis.
Read the conference call transcript
.

Snap-on's board authorized a stock repurchase plan on Thursday, August 8th 2024, which authorizes the company to buy back $500,000,000 in outstanding shares, according to EventVestor. This means that the company could purchase up to 3.5% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company's leadership believes its shares are undervalued.

The following companies are subsidiaries of Snap-on: AutoCrib EMEA GmbH, Dealer-FX, Cognitran Limited, Power Hawk Technologies Inc., TMB GeoMarketing Limited, George A. Sturdevant Inc., Norbar Torque Tools, and others.

Snap-on's top institutional investors include SG Americas Securities LLC (0.11%), Handelsbanken Fonder AB (0.08%), Park Avenue Securities LLC (0.05%) and Czech National Bank (0.02%). Insiders that own company stock include Nicholas T Pinchuk, Aldo John Pagliari, Thomas J Ward, Timothy L Chambers, Anup R Banerjee, William Dudley Lehman, Karen L Daniel, Iain Boyd, Richard Thomas Miller, June C Lemerand and Jesus Arregui.
View institutional ownership trends
.

Shares of SNA stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Based on aggregate information from My MarketBeat watchlists, some other companies that Snap-on investors own include Johnson & Johnson (JNJ), Walt Disney (DIS), Home Depot (HD), Pfizer (PFE), NVIDIA (NVDA), Cisco Systems (CSCO) and AT&T (T).

Company Calendar

Last Earnings
7/18/2024
Ex-Dividend for 9/10 Dividend
8/19/2024
Dividend Payable
9/10/2024
Today
10/08/2024
Next Earnings (Confirmed)
10/17/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Cutlery, handtools, & general hardware
Sub-Industry
Industrial Machinery
CUSIP
83303410
Employees
2,700
Year Founded
1920

Price Target and Rating

Average Stock Price Target
$315.00
High Stock Price Target
$336.00
Low Stock Price Target
$275.00
Potential Upside/Downside
+10.4%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.75
Research Coverage
4 Analysts

Profitability

Net Income
$1.01 billion
Pretax Margin
28.67%

Debt

Sales & Book Value

Annual Sales
$5.11 billion
Cash Flow
$20.64 per share
Book Value
$96.50 per share

Miscellaneous

Free Float
50,558,000
Market Cap
$15.05 billion
Optionable
Optionable
Beta
0.98

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This page (NYSE:SNA) was last updated on 10/8/2024 by MarketBeat.com Staff
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