Snap-On Incorporated $SNA Stock Acquired by Keybank National Association OH

Keybank National Association OH grew its holdings in Snap-On Incorporated (NYSE:SNA) by 48.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 5,181 shares of the company’s stock after purchasing an additional 1,690 shares during the quarter. Keybank National Association OH’s holdings in Snap-On were worth $1,883,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in SNA. Gen Wealth Partners Inc purchased a new stake in Snap-On during the 3rd quarter worth approximately $30,000. United Capital Management of KS Inc. lifted its holdings in Snap-On by 0.3% during the 3rd quarter. United Capital Management of KS Inc. now owns 15,314 shares of the company’s stock worth $5,564,000 after buying an additional 53 shares in the last quarter. AlphaCore Capital LLC boosted its position in Snap-On by 33.5% in the 3rd quarter. AlphaCore Capital LLC now owns 2,001 shares of the company’s stock valued at $727,000 after buying an additional 502 shares during the period. Allspring Global Investments Holdings LLC boosted its position in Snap-On by 17.8% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 3,238 shares of the company’s stock valued at $1,191,000 after buying an additional 489 shares during the period. Finally, Entrust Financial LLC boosted its position in Snap-On by 41.2% in the 3rd quarter. Entrust Financial LLC now owns 96 shares of the company’s stock valued at $35,000 after buying an additional 28 shares during the period. Institutional investors and hedge funds own 84.88% of the company’s stock.

Insider Buying and Selling at Snap-On

In related news, VP Marty V. Ozolins sold 800 shares of the stock in a transaction on Wednesday, August 26th. The stock was sold at an average price of $400.00, for a total value of $320,000.00. Following the transaction, the vice president owned 1,526 shares of the company’s stock, valued at $610,400. This represents a 34.39% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Nicholas T. Pinchuk sold 23,447 shares of the firm’s stock in a transaction on Wednesday, November 11th. The shares were sold at an average price of $373.47, for a total value of $8,756,751.09. Following the completion of the sale, the chief executive officer owned 878,082 shares in the company, valued at approximately $327,937,284.54. This represents a 2.60% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 47,136 shares of company stock valued at $18,225,256. Corporate insiders own 3.80% of the company’s stock.

Wall Street Analysts Forecast Growth

SNA has been the topic of a number of recent research reports. Barclays cut their price objective on Snap-On from $435.00 to $405.00 and set an “overweight” rating on the stock in a research report on Monday, October 26th. Tigress Financial increased their price objective on Snap-On from $445.00 to $485.00 and gave the company a “buy” rating in a research note on Friday, July 31st. Robert W. Baird set a $385.00 target price on Snap-On in a report on Friday, October 23rd. Roth Capital reissued a “buy” rating and set a $461.00 target price (up from $409.00) on shares of Snap-On in a research note on Friday, July 24th. Finally, Weiss Ratings downgraded Snap-On from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday, October 30th. Four investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $434.00.

Snap-On Stock Up 0.0%

Shares of SNA stock traded up $0.17 during trading hours on Friday, reaching $368.06. 465,672 shares of the stock were exchanged, compared to its average volume of 475,953. The business’s fifty day moving average is $367.43 and its two-hundred day moving average is $380.29. The firm has a market capitalization of $18.98 billion, a P/E ratio of 19.14, a P/E/G ratio of 2.63 and a beta of 0.75. Snap-On Incorporated has a 12-month low of $320.80 and a 12-month high of $423.02. The company has a debt-to-equity ratio of 0.14, a current ratio of 3.55 and a quick ratio of 2.71.

Snap-On (NYSE:SNA) last issued its quarterly earnings results on Thursday, October 22nd. The company reported $4.64 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.93 by ($0.29). Snap-On had a return on equity of 16.77% and a net margin of 20.82%. The firm had revenue of $1.18 billion during the quarter, compared to analysts’ expectations of $1.24 billion. During the same quarter in the prior year, the firm earned $4.71 EPS. The firm’s revenue was down .6% compared to the same quarter last year. As a group, research analysts expect that Snap-On Incorporated will post 19.15 EPS for the current fiscal year.

Snap-On Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 10th. Shareholders of record on Friday, November 20th will be given a $2.75 dividend. The ex-dividend date of this dividend is Friday, November 20th. This represents a $11.00 dividend on an annualized basis and a dividend yield of 3.0%. This is a boost from Snap-On’s previous quarterly dividend of $2.44. Snap-On’s payout ratio is currently 50.75%.

Snap-On News Summary

These are some of the SNA news items that stood out recently:

• Positive Sentiment: Snap-on raised its quarterly dividend to $2.75 per share from $2.44, an increase of about 13%. The announced payout equates to $11 annually and a roughly 3% yield, supporting the stock’s income appeal. Snap-on stock information
• Negative Sentiment: Zacks cut estimates for several other periods, including FY2026 EPS to $19.13 from $19.62 and FY2027 to $19.99 from $20.45. Forecasts were also reduced for Q4 2026, Q1, Q3 and Q4 2027, and Q3 2028. These downward revisions may weigh on sentiment despite the increases to select later-period estimates. Snap-on stock information
• Negative Sentiment: CEO Nicholas Pinchuk sold 23,447 shares for about $8.76 million, reducing his direct holdings by 2.6%. The sale was made under a pre-arranged Rule 10b5-1 plan, and he retained 878,082 shares, which moderates the signal. Insider sale report

Snap-On Company Profile

Snap-on Incorporated develops, manufactures and markets tools, equipment, diagnostics and information systems for professional users. Its offerings include hand and power tools, tool storage, vehicle diagnostic equipment, shop equipment, repair information and software, and related products and services. The company serves customers in vehicle repair and other industries, including aviation, aerospace, agriculture, construction and manufacturing. Its products and services reach customers in the United States and international markets.