Snap-On Incorporated $SNA Position Boosted by DNB Asset Management AS

DNB Asset Management AS boosted its holdings in Snap-On Incorporated (NYSE:SNA) by 24.5% during the 4th quarter, Holdings Channel reports. The fund owned 29,499 shares of the company’s stock after acquiring an additional 5,797 shares during the quarter. DNB Asset Management AS’s holdings in Snap-On were worth $10,165,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently added to or reduced their stakes in the business. Kennebec Savings Bank grew its stake in shares of Snap-On by 3.6% in the fourth quarter. Kennebec Savings Bank now owns 783 shares of the company’s stock worth $270,000 after purchasing an additional 27 shares in the last quarter. CWM LLC raised its stake in shares of Snap-On by 0.6% during the fourth quarter. CWM LLC now owns 5,517 shares of the company’s stock valued at $1,901,000 after purchasing an additional 31 shares in the last quarter. Ritholtz Wealth Management lifted its holdings in Snap-On by 2.5% in the fourth quarter. Ritholtz Wealth Management now owns 1,401 shares of the company’s stock worth $483,000 after purchasing an additional 34 shares during the period. MFA Wealth Services lifted its holdings in Snap-On by 2.9% in the third quarter. MFA Wealth Services now owns 1,236 shares of the company’s stock worth $428,000 after purchasing an additional 35 shares during the period. Finally, Oakworth Capital Inc. grew its position in Snap-On by 9.7% in the 4th quarter. Oakworth Capital Inc. now owns 406 shares of the company’s stock valued at $140,000 after buying an additional 36 shares in the last quarter. Institutional investors and hedge funds own 84.88% of the company’s stock.

Insider Activity

In other news, CFO Aldo John Pagliari sold 5,713 shares of the stock in a transaction on Thursday, May 14th. The stock was sold at an average price of $367.19, for a total transaction of $2,097,756.47. Following the completion of the sale, the chief financial officer owned 119,488 shares in the company, valued at approximately $43,874,798.72. This represents a 4.56% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP June C. Lemerand sold 1,378 shares of Snap-On stock in a transaction on Wednesday, February 25th. The stock was sold at an average price of $387.57, for a total value of $534,071.46. Following the completion of the transaction, the vice president owned 2,913 shares in the company, valued at $1,128,991.41. The trade was a 32.11% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 60,759 shares of company stock worth $23,019,190. Insiders own 3.80% of the company’s stock.

Key Snap-On News

Here are the key news stories impacting Snap-On this week:

• Positive Sentiment: Zacks Research raised its Q1 2028 earnings estimate for Snap-On, suggesting slightly better long-term profit outlook and supporting the stock’s valuation. Snap-On stock page
• Positive Sentiment: Snap-On has a $500 million share buyback authorization in place, which can support earnings per share and signals management confidence in the company’s value. Snap-On stock page
• Neutral Sentiment: CFO Aldo John Pagliari sold 5,713 shares under a pre-arranged 10b5-1 trading plan. While insider selling can draw attention, the planned nature of the trade makes it less indicative of a fundamental problem. SEC filing
• Negative Sentiment: Zacks Research cut Snap-On’s FY2026 earnings estimate to $19.62 per share from $19.90, pointing to softer near-term earnings expectations. Snap-On stock page
• Negative Sentiment: The analyst also reduced several quarterly and FY2027 EPS forecasts, including Q2 2026, Q3 2026, Q4 2026, Q1 2027, Q2 2027, Q3 2027, and Q4 2027, which may weigh on investor sentiment. Snap-On stock page

Analyst Upgrades and Downgrades

SNA has been the topic of several research analyst reports. Weiss Ratings reissued a “buy (b)” rating on shares of Snap-On in a research note on Monday, April 20th. Robert W. Baird increased their price objective on shares of Snap-On from $380.00 to $395.00 and gave the company a “neutral” rating in a report on Friday, April 24th. Tigress Financial raised their price objective on shares of Snap-On from $405.00 to $445.00 and gave the company a “buy” rating in a research note on Friday, February 27th. Roth Mkm reissued a “buy” rating and set a $431.00 target price on shares of Snap-On in a report on Friday, April 24th. Finally, Wall Street Zen downgraded Snap-On from a “buy” rating to a “hold” rating in a research report on Saturday, February 7th. Four research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $381.20.

Snap-On Stock Performance

NYSE:SNA opened at $359.93 on Monday. Snap-On Incorporated has a twelve month low of $301.82 and a twelve month high of $400.88. The company has a current ratio of 3.53, a quick ratio of 2.74 and a debt-to-equity ratio of 0.15. The company has a 50-day moving average of $371.77 and a 200-day moving average of $362.23. The firm has a market cap of $18.64 billion, a price-to-earnings ratio of 18.58, a price-to-earnings-growth ratio of 2.53 and a beta of 0.75.

Snap-On (NYSE:SNA) last released its earnings results 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 business had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $1.19 billion. During the same quarter in the previous year, the firm earned $4.51 earnings per share. The firm’s revenue for the quarter was up 5.8% compared to the same quarter last year. Analysts forecast that Snap-On Incorporated will post 19.7 earnings per share for the current fiscal year.

Snap-On announced that its board has approved a share repurchase plan on Thursday, April 30th that permits the company to buyback $500.00 million in shares. This buyback authorization permits the company to purchase up to 2.6% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s management believes its shares are undervalued.

Snap-On Dividend Announcement

The business 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. The ex-dividend date of this dividend is Wednesday, May 20th. This represents a $9.76 annualized dividend and a dividend yield of 2.7%. Snap-On’s dividend payout ratio is currently 50.39%.

Snap-On Company Profile

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.