Snap-On (NYSE:SNA) Stock: Insider Nicholas Pinchuk Sells 23,447 Shares

Snap-On Incorporated (NYSE:SNA) CEO Nicholas Pinchuk sold 23,447 shares of the stock in a transaction on Wednesday, November 11th. The shares were sold at an average price of $373.47, for a total value of $8,756,751.09. Following the transaction, the chief executive officer directly owned 878,082 shares of the company’s stock, valued at approximately $327,937,284.54. This trade represents a 2.60% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Snap-On Stock Performance

Shares of SNA opened at $368.06 on Friday. 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. The stock’s fifty 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 current ratio of 3.55 and a quick ratio of 2.71. Snap-On Incorporated has a 1 year low of $320.80 and a 1 year high of $423.02.

Snap-On (NYSE:SNA) last issued its quarterly earnings results on Thursday, October 22nd. The company reported $4.64 EPS for the quarter, missing analysts’ consensus estimates of $4.93 by ($0.29). The firm had revenue of $1.18 billion for the quarter, compared to analysts’ expectations of $1.24 billion. Snap-On had a net margin of 20.82% and a return on equity of 16.77%. The firm’s quarterly revenue was down .6% on a year-over-year basis. During the same period in the prior year, the company earned $4.71 EPS. On average, equities research analysts forecast that Snap-On Incorporated will post 19.15 EPS for the current year.

Snap-On Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 10th. Shareholders of record on Friday, November 20th will be issued a dividend of $2.75 per share. This represents a $11.00 annualized dividend and a yield of 3.0%. This is a boost from Snap-On’s previous quarterly dividend of $2.44. The ex-dividend date of this dividend is Friday, November 20th. Snap-On’s payout ratio is currently 50.75%.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in SNA. Nykredit A S purchased a new position in shares of Snap-On during the 2nd quarter valued at about $10,909,000. Sanctuary Advisors LLC lifted its position in Snap-On by 8.0% in the 1st quarter. Sanctuary Advisors LLC now owns 36,690 shares of the company’s stock worth $13,326,000 after buying an additional 2,714 shares during the last quarter. Bank of America Corp DE boosted its stake in Snap-On by 0.4% in the first quarter. Bank of America Corp DE now owns 999,497 shares of the company’s stock worth $363,037,000 after buying an additional 3,770 shares in the last quarter. Royal Bank of Canada boosted its stake in Snap-On by 14.0% in the first quarter. Royal Bank of Canada now owns 111,046 shares of the company’s stock worth $40,333,000 after buying an additional 13,665 shares in the last quarter. Finally, The Manufacturers Life Insurance Company purchased a new stake in Snap-On in the second quarter worth approximately $12,874,000. Institutional investors own 84.88% of the company’s stock.

Key Stories Impacting Snap-On

Here are a few of the latest stories about SNA:

• 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

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. Barclays reduced their target price on shares of Snap-On from $435.00 to $405.00 and set an “overweight” rating for the company in a research note on Monday, October 26th. Weiss Ratings cut shares of Snap-On from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday, October 30th. Robert W. Baird set a $385.00 price objective on shares of Snap-On in a report on Friday, October 23rd. Tigress Financial raised their price objective on shares of Snap-On from $445.00 to $485.00 and gave the stock a “buy” rating in a report on Friday, July 31st. Finally, 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 note on Friday, July 24th. Four research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $434.00.

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.