Snap-On Incorporated $SNA Stake Increased by Keybank National Association OH

Keybank National Association OH grew its stake in Snap-On Incorporated (NYSE:SNA) by 48.4% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 5,181 shares of the company’s stock after acquiring an additional 1,690 shares during the quarter. Keybank National Association OH’s holdings in Snap-On were worth $1,883,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of SNA. Gen Wealth Partners Inc purchased a new position in Snap-On during the third quarter worth about $30,000. United Capital Management of KS Inc. grew its stake in shares of Snap-On by 0.3% in the 3rd quarter. United Capital Management of KS Inc. now owns 15,314 shares of the company’s stock valued at $5,564,000 after buying an additional 53 shares during the period. AlphaCore Capital LLC grew its stake in shares of 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 grew its stake in shares of 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 increased its holdings in shares of Snap-On by 41.2% during the 3rd quarter. Entrust Financial LLC now owns 96 shares of the company’s stock worth $35,000 after buying an additional 28 shares during the last quarter. Hedge funds and other institutional investors own 84.88% of the company’s stock.

Latest Snap-On News

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

• Positive Sentiment: Zacks Research raised several forecasts, including FY2028 EPS to $22.57 from $22.13 and Q2 2028 EPS to $5.89 from $5.63. It also increased estimates for Q1 2028 and Q2 2027, signaling improved expectations in those periods. 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

Insiders Place Their Bets

In other Snap-On news, VP Marty V. Ozolins sold 800 shares of the company’s stock in a transaction on Wednesday, August 26th. The stock was sold at an average price of $400.00, for a total transaction of $320,000.00. Following the transaction, the vice president directly owned 1,526 shares in the company, valued at $610,400. This represents a 34.39% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Nicholas Pinchuk sold 23,447 shares of the firm’s stock in a transaction on Wednesday, November 11th. The stock was sold at an average price of $373.47, for a total value of $8,756,751.09. Following the transaction, the chief executive officer owned 878,082 shares of the company’s stock, valued at approximately $327,937,284.54. This represents a 2.60% 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. Insiders have sold 47,136 shares of company stock worth $18,225,256 over the last 90 days. 3.80% of the stock is owned by insiders.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. Robert W. Baird set a $385.00 price target on shares of Snap-On in a research report on Friday, October 23rd. Barclays lowered their price objective on Snap-On from $435.00 to $405.00 and set an “overweight” rating for the company in a research report on Monday, October 26th. 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. Weiss Ratings downgraded Snap-On from a “buy (b)” rating to a “buy (b-)” rating in a research report on Friday, October 30th. Finally, Tigress Financial lifted their target price on Snap-On from $445.00 to $485.00 and gave the company a “buy” rating in a research report on Friday, July 31st. Four equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, Snap-On presently has an average rating of “Moderate Buy” and an average target price of $434.00.

Snap-On Trading Up 0.0%

Shares of Snap-On stock traded up $0.17 on Friday, reaching $368.06. The company had a trading volume of 465,672 shares, compared to its average volume of 475,953. The firm’s 50 day moving average price is $367.43 and its two-hundred day moving average price is $380.29. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.71 and a current ratio of 3.55. Snap-On Incorporated has a 52-week low of $320.80 and a 52-week high of $423.02. The firm has a market cap of $18.98 billion, a PE ratio of 19.14, a PEG ratio of 2.63 and a beta of 0.75.

Snap-On (NYSE:SNA) last posted its quarterly earnings data on Thursday, October 22nd. The company reported $4.64 earnings per share for the quarter, missing analysts’ consensus estimates of $4.93 by ($0.29). The company had revenue of $1.18 billion for the quarter, compared to analysts’ expectations of $1.24 billion. Snap-On had a return on equity of 16.77% and a net margin of 20.82%. The business’s revenue for the quarter was down .6% on a year-over-year basis. During the same period in the previous year, the business posted $4.71 EPS. Sell-side analysts predict that Snap-On Incorporated will post 19.15 earnings per share for the current fiscal year.

Snap-On Increases Dividend

The company also recently announced 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 is a positive change from Snap-On’s previous quarterly dividend of $2.44. This represents a $11.00 dividend on an annualized basis and a yield of 3.0%. Snap-On’s dividend payout ratio is presently 50.75%.

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.