Wakefield Asset Management LLLP Makes New $489,000 Investment in Snap-On Incorporated $SNA

Wakefield Asset Management LLLP acquired a new position in shares of Snap-On Incorporated (NYSE:SNA) during the 4th quarter, according to its most recent 13F filing with the SEC. The fund acquired 1,418 shares of the company’s stock, valued at approximately $489,000.

Other hedge funds also recently made changes to their positions in the company. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Snap-On in the 4th quarter worth approximately $25,000. GoalVest Advisory LLC acquired a new position in shares of Snap-On in the 4th quarter worth approximately $28,000. Montag A & Associates Inc. grew its position in shares of Snap-On by 331.8% in the 4th quarter. Montag A & Associates Inc. now owns 95 shares of the company’s stock worth $33,000 after acquiring an additional 73 shares in the last quarter. Quent Capital LLC acquired a new position in shares of Snap-On in the 3rd quarter worth approximately $36,000. Finally, United Community Bank acquired a new position in shares of Snap-On in the 4th quarter worth approximately $43,000. Institutional investors and hedge funds own 84.88% of the company’s stock.

Snap-On Trading Down 1.8%

NYSE:SNA opened at $359.93 on Friday. Snap-On Incorporated has a 12-month low of $301.82 and a 12-month high of $400.88. The firm has a market capitalization of $18.64 billion, a P/E ratio of 18.58, a P/E/G ratio of 2.53 and a beta of 0.75. The company has a debt-to-equity ratio of 0.15, a current ratio of 3.53 and a quick ratio of 2.74. The business has a 50 day simple moving average of $371.77 and a 200 day simple moving average of $362.12.

Snap-On (NYSE:SNA) last released its quarterly earnings data on Thursday, April 23rd. The company reported $4.69 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.75 by ($0.06). Snap-On had a net margin of 21.28% and a return on equity of 17.13%. The company had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.19 billion. During the same quarter in the prior year, the firm earned $4.51 EPS. The company’s revenue for the quarter was up 5.8% compared to the same quarter last year. Equities research analysts predict that Snap-On Incorporated will post 19.7 EPS for the current year.

Snap-On declared that its Board of Directors has initiated a share buyback program on Thursday, April 30th that allows the company to buyback $500.00 million in shares. This buyback authorization allows the company to buy up to 2.6% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s board believes its stock is undervalued.

Snap-On Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 10th. Shareholders of record on Wednesday, May 20th will be given a dividend of $2.44 per share. This represents a $9.76 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date is Wednesday, May 20th. Snap-On’s payout ratio is 50.39%.

Insiders Place Their Bets

In other Snap-On news, CFO Aldo John Pagliari sold 7,043 shares of the business’s stock in a transaction on Thursday, February 19th. The stock was sold at an average price of $382.05, for a total transaction of $2,690,778.15. Following the completion of the transaction, the chief financial officer owned 117,183 shares in the company, valued at approximately $44,769,765.15. The trade was a 5.67% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Nicholas T. Pinchuk sold 23,396 shares of the business’s stock in a transaction on Tuesday, May 5th. The stock was sold at an average price of $375.77, for a total value of $8,791,514.92. Following the transaction, the chief executive officer owned 856,918 shares of the company’s stock, valued at $322,004,076.86. This trade represents a 2.66% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 60,759 shares of company stock worth $23,019,190. 3.80% of the stock is owned by company insiders.

Trending Headlines about Snap-On

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 Ratings Changes

Several research analysts have recently commented on SNA shares. Tigress Financial lifted their target price on Snap-On from $405.00 to $445.00 and gave the stock a “buy” rating in a research report on Friday, February 27th. Weiss Ratings reiterated a “buy (b)” rating on shares of Snap-On in a research report on Monday, April 20th. Robert W. Baird lifted their target price on Snap-On from $380.00 to $395.00 and gave the stock a “neutral” rating in a research report on Friday, April 24th. Wall Street Zen lowered Snap-On from a “buy” rating to a “hold” rating in a research report on Saturday, February 7th. Finally, Roth Mkm restated a “buy” rating and set a $431.00 price objective on shares of Snap-On in a research report on Friday, April 24th. Four equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Snap-On currently has a consensus rating of “Moderate Buy” and a consensus target price of $381.20.

About Snap-On

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.