Key Points
- Snap-On CFO Aldo John Pagliari sold 5,713 shares on May 14 at an average price of $367.19, totaling about $2.10 million. The sale was made under a pre-arranged Rule 10b5-1 trading plan.
- Snap-On reported mixed quarterly results, with EPS of $4.69 falling short of expectations by $0.06, while revenue came in at $1.21 billion, above estimates and up 5.8% year over year.
- The company authorized a $500 million share buyback and maintained a quarterly dividend of $2.44 per share, yielding about 2.7%. Analysts currently rate the stock a consensus Moderate Buy.
Snap-On Incorporated (NYSE:SNA - Get Free Report) CFO Aldo John Pagliari sold 5,713 shares of Snap-On stock in a transaction on Thursday, May 14th. The stock was sold at an average price of $367.19, for a total value of $2,097,756.47. Following the sale, the chief financial officer directly owned 119,488 shares of the company's stock, valued at approximately $43,874,798.72. This trade represents a 4.56% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Aldo John Pagliari also recently made the following trade(s):
- On Thursday, February 19th, Aldo John Pagliari sold 7,043 shares of Snap-On stock. The stock was sold at an average price of $382.05, for a total value of $2,690,778.15.
Snap-On Stock Down 0.1%
Shares of Snap-On stock opened at $366.27 on Friday. The company has a quick ratio of 2.74, a current ratio of 3.53 and a debt-to-equity ratio of 0.15. Snap-On Incorporated has a 12 month low of $301.82 and a 12 month high of $400.88. The business has a fifty day simple moving average of $372.24 and a 200 day simple moving average of $362.13. The stock has a market cap of $18.97 billion, a PE ratio of 18.91, a price-to-earnings-growth ratio of 2.58 and a beta of 0.75.
Snap-On (NYSE:SNA - Get Free Report) last announced its quarterly earnings data on Thursday, April 23rd. The company reported $4.69 EPS for the quarter, missing analysts' consensus estimates of $4.75 by ($0.06). Snap-On had a return on equity of 17.13% and a net margin of 21.28%.The company had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.19 billion. During the same period last year, the firm earned $4.51 earnings per share. The firm's revenue for the quarter was up 5.8% on a year-over-year basis. Research analysts predict that Snap-On Incorporated will post 19.7 EPS for the current year.
Snap-On announced that its board has approved a share buyback program on Thursday, April 30th that allows the company to buyback $500.00 million in outstanding shares. This buyback authorization allows the company to reacquire up to 2.6% of its shares through open market purchases. Shares buyback programs are usually an indication that the company's board of directors believes its stock is undervalued.
Snap-On Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 10th. Shareholders of record on Wednesday, May 20th will be issued a $2.44 dividend. This represents a $9.76 annualized dividend and a dividend yield of 2.7%. The ex-dividend date is Wednesday, May 20th. Snap-On's dividend payout ratio is 50.39%.
Wall Street Analyst Weigh In
Several equities analysts have recently weighed in on the company. Weiss Ratings reiterated a "buy (b)" rating on shares of Snap-On in a report on Monday, April 20th. Robert W. Baird lifted their price objective on Snap-On from $380.00 to $395.00 and gave the company a "neutral" rating in a report on Friday, April 24th. Tigress Financial lifted their price objective on Snap-On from $405.00 to $445.00 and gave the company a "buy" rating in a report on Friday, February 27th. Wall Street Zen cut Snap-On from a "buy" rating to a "hold" rating in a report on Saturday, February 7th. Finally, Roth Mkm reiterated a "buy" rating and set a $431.00 price objective on shares of Snap-On in a report on Friday, April 24th. Four equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Snap-On has a consensus rating of "Moderate Buy" and a consensus price target of $381.20.
Read Our Latest Stock Report on SNA
Institutional Trading of Snap-On
A number of institutional investors have recently modified their holdings of the company. Epoch Investment Partners Inc. lifted its holdings in shares of Snap-On by 2.3% in the first quarter. Epoch Investment Partners Inc. now owns 44,807 shares of the company's stock valued at $16,275,000 after purchasing an additional 1,022 shares in the last quarter. Renaissance Technologies LLC lifted its holdings in shares of Snap-On by 228.0% in the first quarter. Renaissance Technologies LLC now owns 113,020 shares of the company's stock valued at $41,051,000 after purchasing an additional 78,560 shares in the last quarter. Keebeck Wealth Management bought a new stake in shares of Snap-On in the first quarter valued at about $294,000. Inceptionr LLC bought a new stake in shares of Snap-On in the first quarter valued at about $805,000. Finally, Liberty One Investment Management LLC lifted its holdings in shares of Snap-On by 11.0% in the first quarter. Liberty One Investment Management LLC now owns 1,876 shares of the company's stock valued at $681,000 after purchasing an additional 186 shares in the last quarter. 84.88% of the stock is currently owned by institutional investors.
Key Stories Impacting Snap-On
Here are the key news stories impacting Snap-On this week:
- Positive Sentiment: Industrial buyback commentary highlighted Snap-On as part of a broader group of companies with strong buyback capacity, which can support shareholder returns and provide a bullish backdrop for the stock.
- Positive Sentiment: Zacks Research raised its Q1 2028 earnings estimate for Snap-On, signaling slightly improved longer-term profit expectations.
- Neutral Sentiment: Snap-On CFO Aldo John Pagliari sold 5,713 shares under a pre-arranged 10b5-1 trading plan; because the sale was planned in advance, it is not necessarily a sign of weakening fundamentals, though insider selling can still attract investor attention.
- Negative Sentiment: Zacks Research lowered Snap-On’s FY2026 earnings estimate to $19.62 per share from $19.90, implying softer near-term earnings expectations.
- Negative Sentiment: The firm also cut FY2027 and several quarterly EPS forecasts, including Q2 2026, Q3 2026, Q4 2026, Q1 2027, Q2 2027, and Q3 2027, reinforcing concerns about future earnings momentum.
Snap-On Company Profile
(
Get Free Report)
Snap‑On Incorporated (NYSE: SNA) is a designer, manufacturer and marketer of tools, diagnostic equipment, repair information and shop equipment for professional users. The company's product range includes hand and power tools, tool storage and cabinets, diagnostic scan tools and software, shop equipment such as lifts and tire changers, and specialized specialty tools for automotive, aviation, marine and industrial applications. Snap‑On also offers information and workflow solutions that combine diagnostic data, repair procedures and parts information to support professional technicians.
Founded in 1920 and headquartered in Kenosha, Wisconsin, Snap‑On has established a long history in the professional tools market.
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