Zacks Research Comments on Snap-On’s Q3 Earnings (NYSE:SNA)

Snap-On Incorporated (NYSE:SNA) – Analysts at Zacks Research dropped their Q3 2026 earnings per share (EPS) estimates for Snap-On in a research note issued to investors on Thursday, August 13th. Zacks Research analyst Team now expects that the company will post earnings of $4.90 per share for the quarter, down from their previous forecast of $4.96. The consensus estimate for Snap-On’s current full-year earnings is $19.70 per share. Zacks Research also issued estimates for Snap-On’s Q4 2026 earnings at $5.07 EPS, Q1 2027 earnings at $4.99 EPS, Q2 2027 earnings at $4.94 EPS, Q3 2027 earnings at $5.27 EPS, Q4 2027 earnings at $5.25 EPS, Q1 2028 earnings at $5.49 EPS, Q2 2028 earnings at $5.63 EPS and FY2028 earnings at $22.13 EPS.

SNA has been the topic of a number of other reports. Roth Capital reiterated a “buy” rating and issued a $461.00 price objective (up from $409.00) on shares of Snap-On in a research report on Friday, July 24th. Tigress Financial upped their target price on shares of Snap-On from $445.00 to $485.00 and gave the company a “buy” rating in a research report on Friday, July 31st. Robert W. Baird set a $415.00 price objective on shares of Snap-On in a research note on Friday, July 24th. Weiss Ratings restated a “buy (b)” rating on shares of Snap-On in a report on Friday, July 17th. Finally, Barclays started coverage on Snap-On in a research report on Thursday, May 28th. They set an “overweight” rating and a $420.00 target price on the stock. Five equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, Snap-On has a consensus rating of “Moderate Buy” and a consensus price target of $426.20.

Snap-On Stock Down 0.9%

SNA stock opened at $404.57 on Friday. The stock has a market cap of $20.93 billion, a price-to-earnings ratio of 20.63, a price-to-earnings-growth ratio of 2.87 and a beta of 0.73. The company has a current ratio of 3.43, a quick ratio of 2.64 and a debt-to-equity ratio of 0.15. Snap-On has a 1-year low of $319.20 and a 1-year high of $423.02. The company’s 50 day moving average is $401.69 and its 200 day moving average is $383.48.

Snap-On (NYSE:SNA) last issued its quarterly earnings results on Thursday, July 23rd. The company reported $4.96 EPS for the quarter, beating analysts’ consensus estimates of $4.95 by $0.01. The company had revenue of $1.24 billion during the quarter, compared to the consensus estimate of $1.22 billion. Snap-On had a return on equity of 17.07% and a net margin of 21.25%.Snap-On’s revenue was up 4.7% on a year-over-year basis. During the same period last year, the business posted $4.72 earnings per share.

Snap-On Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Wednesday, August 19th will be given a $2.44 dividend. This represents a $9.76 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date is Wednesday, August 19th. Snap-On’s dividend payout ratio (DPR) is presently 49.77%.

Snap-On declared that its Board of Directors has approved a stock buyback program on Thursday, April 30th that allows the company to buyback $500.00 million in shares. This buyback authorization allows the company to repurchase up to 2.5% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s management believes its stock is undervalued.

Insider Buying and Selling

In related news, VP Richard Thomas Miller sold 2,000 shares of the business’s stock in a transaction that occurred on Wednesday, July 1st. The stock was sold at an average price of $405.92, for a total value of $811,840.00. Following the completion of the sale, the vice president owned 4,529 shares of the company’s stock, valued at approximately $1,838,411.68. The trade was a 30.63% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Timothy L. Chambers sold 9,111 shares of the firm’s stock in a transaction on Tuesday, July 28th. The shares were sold at an average price of $419.36, for a total transaction of $3,820,788.96. Following the completion of the transaction, the senior vice president owned 21,223 shares in the company, valued at $8,900,077.28. The trade was a 30.04% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 23,039 shares of company stock worth $9,334,505. 3.80% of the stock is owned by company insiders.

Institutional Trading of Snap-On

Several large investors have recently added to or reduced their stakes in SNA. Manning & Napier Advisors LLC acquired a new stake in shares of Snap-On in the second quarter valued at approximately $3,340,000. Dearborn Partners LLC bought a new stake in Snap-On during the 2nd quarter worth approximately $34,066,000. Cibc World Market Inc. bought a new position in shares of Snap-On during the 2nd quarter worth approximately $2,718,000. Castlefield Investment Partners LLP acquired a new position in Snap-On during the second quarter worth $3,851,000. Finally, OMERS ADMINISTRATION Corp acquired a new stake in shares of Snap-On in the 2nd quarter valued at approximately $4,173,000. 84.88% of the stock is owned by institutional investors.

Trending Headlines about Snap-On

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

• Positive Sentiment: Zacks Research raised several long-term earnings estimates. Forecasts increased for Q1 2027 EPS to $4.99 from $4.96, Q2 2027 EPS to $4.94 from $4.93, Q1 2028 EPS to $5.49 from $5.24, and Q2 2028 EPS to $5.63 from $5.43. FY2028 EPS was lifted to $22.13 from $21.75, suggesting improved expectations for Snap-On’s future profitability. Snap-On analyst estimates
• Positive Sentiment: Analyst sentiment remains constructive. Snap-On has an overall “Moderate Buy” rating, with five analysts rating the shares Buy and one rating them Hold. The average price target is $426.20, above the recent trading level, while individual targets include $461 from Roth Capital and $485 from Tigress Financial. Snap-On receives Moderate Buy rating
• Positive Sentiment: Shareholder returns provide additional support. Snap-On has authorized a $500 million stock-repurchase program and announced a quarterly dividend of $2.44, equivalent to an annualized $9.76 payout and an approximately 2.4% yield. The company’s latest quarter also showed revenue growth of 4.7% year over year and EPS slightly above consensus.
• Neutral Sentiment: Some estimates were lowered. Zacks reduced Q3 2026 EPS to $4.90 from $4.96 and Q4 2026 EPS to $5.07 from $5.13. It also trimmed Q3 2027 EPS to $5.27 from $5.30 and Q4 2027 EPS to $5.25 from $5.27. These adjustments indicate near-term caution despite the stronger long-term outlook.
• Negative Sentiment: CFO Aldo John Pagliari sold 5,531 shares for approximately $2.24 million at an average price of $404.25, reducing his holdings by 4.38%. However, the transaction was conducted under a pre-arranged Rule 10b5-1 trading plan, which makes it a weaker bearish signal than discretionary insider selling. Snap-On CFO stock sale

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.