Canada Pension Plan Investment Board purchased a new position in Snap-On Incorporated (NYSE:SNA - Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 29,860 shares of the company's stock, valued at approximately $12,016,000. Canada Pension Plan Investment Board owned 0.06% of Snap-On at the end of the most recent quarter.

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A number of other hedge funds have also recently modified their holdings of SNA. DV Equities LLC bought a new position in Snap-On in the 4th quarter worth $25,000. Western Wealth Management LLC bought a new stake in Snap-On during the first quarter valued at about $29,000. Montag A & Associates Inc. increased its position in Snap-On by 331.8% in the fourth quarter. Montag A & Associates Inc. now owns 95 shares of the company's stock worth $33,000 after buying an additional 73 shares in the last quarter. Quattro Advisors LLC purchased a new stake in Snap-On in the fourth quarter worth about $35,000. Finally, Annis Gardner Whiting Capital Advisors LLC raised its stake in shares of Snap-On by 36.4% in the fourth quarter. Annis Gardner Whiting Capital Advisors LLC now owns 105 shares of the company's stock worth $36,000 after buying an additional 28 shares during the period. Institutional investors own 84.88% of the company's stock.

Analysts Set New Price Targets

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

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View Our Latest Report on Snap-On

Insiders Place Their Bets

In other Snap-On news, VP Richard Thomas Miller sold 2,000 shares of the stock in a transaction that occurred on Wednesday, July 1st. The shares were sold at an average price of $405.92, for a total transaction of $811,840.00. Following the completion of the sale, the vice president directly owned 4,529 shares of the company's stock, valued at $1,838,411.68. This trade represents a 30.63% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Nicholas T. Pinchuk sold 22,889 shares of Snap-On stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of $399.69, for a total transaction of $9,148,504.41. Following the sale, the chief executive officer owned 867,779 shares in the company, valued at approximately $346,842,588.51. The trade was a 2.57% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 46,728 shares of company stock worth $18,803,009 over the last ninety days. 3.80% of the stock is owned by company insiders.

Snap-On Price Performance

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NYSE:SNA opened at $391.93 on Friday. The business's 50-day simple moving average is $404.14 and its two-hundred day simple moving average is $385.27. Snap-On Incorporated has a 52 week low of $319.20 and a 52 week high of $423.02. The stock has a market cap of $20.27 billion, a PE ratio of 19.99, a P/E/G ratio of 2.76 and a beta of 0.73. The company has a quick ratio of 2.64, a current ratio of 3.43 and a debt-to-equity ratio of 0.15.

Snap-On (NYSE:SNA - Get Free Report) last released its quarterly earnings data on Thursday, July 23rd. The company reported $4.96 earnings per share for the quarter, topping analysts' consensus estimates of $4.95 by $0.01. Snap-On had a return on equity of 17.07% and a net margin of 21.25%.The firm had revenue of $1.24 billion during the quarter, compared to analyst estimates of $1.22 billion. During the same quarter in the prior year, the company posted $4.72 earnings per share. The business's quarterly revenue was up 4.7% compared to the same quarter last year. As a group, analysts forecast that Snap-On Incorporated will post 19.7 EPS for the current fiscal year.

Snap-On Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Wednesday, August 19th will be issued a $2.44 dividend. The ex-dividend date of this dividend is Wednesday, August 19th. This represents a $9.76 dividend on an annualized basis and a yield of 2.5%. Snap-On's payout ratio is currently 49.77%.

Key Headlines Impacting Snap-On

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

• Positive Sentiment: Snap-on extended its title sponsorship of the IndyCar weekend at Milwaukee Mile, continuing its visibility across IndyCar, NASCAR and other motorsports events. The partnership may support brand awareness and customer engagement among professional automotive technicians, although financial terms were not disclosed. Snap-on extends title sponsorship of IndyCar races at Milwaukee Mile
• Neutral Sentiment: Coverage of Snap-on’s sponsorship strategy highlights the company’s long-standing use of IndyCar, NASCAR and Milwaukee Mile partnerships to promote its “Makers and Fixers” brand. The initiatives could strengthen the company’s marketing reach, but they are primarily branding developments rather than new revenue or earnings guidance. What drives Snap-on's sponsorships of IndyCar, NASCAR and Milwaukee Mile
• Neutral Sentiment: Josef Newgarden was listed as the favorite for the 2026 Snap-on Makers and Fixers 250. The betting coverage provides additional publicity for the event but has no direct implication for Snap-on’s operating results. 2026 INDYCAR Odds: Josef Newgarden Favored For Snap-on Makers And Fixers 250
• Negative Sentiment: Vice President Marty Ozolins sold 800 shares for approximately $320,000, reducing his direct holdings by 34.39%. Because the sale was conducted under a pre-arranged Rule 10b5-1 plan, it is less concerning than an unexpected discretionary sale, but insider selling can still weigh on sentiment. Snap-On VP Marty Ozolins Sells 800 Shares of Stock

About Snap-On

(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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