Snap-on Incorporated (SNA)

In the past six months, Snap-On's stock has experienced several events. Snap-On reported its quarterly earnings on Thursday, October 16th, beating the consensus estimate with $4.71 EPS against an expected $4.59. Revenue for the quarter was $1.19 billion, exceeding the consensus of $1.16 billion and showing a 3.8% increase compared to the same quarter last year. The company also announced its second-quarter 2025 results, with diluted earnings per share of $4.72, compared to $5.07 per diluted share in the prior year, which included a legal benefit. Tigress Financial raised its price target from $395.00 to $405.00 and maintained a "buy" rating on October 21st. Barrington Research reaffirmed an "outperform" rating and set a $350.00 price target on October 15th. Robert W. Baird increased its price target from $355.00 to $365.00 and gave a "neutral" rating on October 17th. Bank of America lifted its price target from $265.00 to $285.00 but maintained an "underperform" rating on July 18th. Wall Street Zen upgraded Snap-On from a "hold" to a "buy" rating on October 18th. Overall, the stock has an average rating of "Moderate Buy" and an average price target of $365.00 from analysts. CEO Nicholas T. Pinchuk sold 23,042 shares of the company's stock on August 11th for approximately $7.39 million, reducing his ownership by 2.75%. As of October 28, 2025, SNA opened at $346.21. The stock has traded in the range of $200 to $300 per share in recent years, hovering around $280-$290 in early 2025.

Demand for Snap-On's products and services appears to be driven more by ongoing professional needs, industry trends, and equipment upgrade cycles rather than pronounced seasonal patterns. Snap-On primarily serves professional users in critical industries, suggesting a relatively stable underlying demand. Diagnostic equipment is typically replaced every 3 to 5 years, and tool storage every 5 to 7 years, contributing to a more consistent demand flow. Demand can be impacted by slowdowns in the automotive repair and manufacturing industries. Trends such as the increasing complexity of modern vehicles and EVs and the reshoring of manufacturing in the U.S. are expected to drive consistent demand.

Snap-On, Inc. designs, manufactures, and markets high-end tools and equipment for professional users in various industries. The company operates within the Industrial Goods and Machinery sector, focusing on professional tools and equipment. Snap-On serves sectors including vehicle repair, aerospace, military, natural resources, and manufacturing. The company's products and services include hand tools, power tools, tool storage products, diagnostic products, service and repair information, diagnostic software, electronic parts catalogs, business management systems, wheel alignment equipment, wheel balancers, tire changers, vehicle lifts, and other equipment. Snap-On also provides financing programs and distributes its products through franchisee vans, direct sales, distributors, and e-commerce platforms.

Snap-On, Inc. has a significant global presence, with products and services available in over 130 countries. The company's headquarters are located in Kenosha, Wisconsin, U.S. Snap-On operates numerous manufacturing facilities both within and outside the U.S., generally producing in the markets where it sells. U.S. manufacturing locations include Milwaukee, Wisconsin; Elizabethton, Tennessee; Elkmont, Alabama; Conway, Arkansas; Murphy, North Carolina; City of Industry, California; Algona, Iowa; and San Jose, California. International presence includes continental Europe, the Asia Pacific region, Canada, and the UK. The company has manufacturing facilities and subsidiaries in countries such as Argentina, Belarus, Brazil, China, England, France, Hungary, Italy, Portugal, Spain, and Sweden. Software development also occurs in Ireland, Australia, Mexico, Brazil, and China.

Snap-On has a strong brand reputation, recognized as a trusted name in the professional tools industry. The company is known for its commitment to quality, innovation, and customer satisfaction. Its tools are considered professional-grade, high-quality, durable, and designed for dependability, comfort, and ergonomics. Nicholas T. Pinchuk, Snap-On Chairman and CEO, has been featured on CNBC's Worldwide Exchange and Bloomberg Open Interest multiple times in 2025 to discuss company results, tariffs, the economy, and the labor force. Snap-On proudly sponsored the Milwaukee Mile 250 INDYCAR race, which included public engagement zones and VIP experiences. The company's ability to continuously evolve its business model and maintain a leadership position in the professional tools market speaks to its strong and enduring reputation. Snap-On's capitalization on trends like diagnostics, software integration, and automated repair systems positions it as a forward-looking and innovative company in the industry.

Approximately 84.88% of Snap-On's stock is owned by institutional investors. Kingstone Capital Partners Texas LLC purchased a new stake valued at approximately $434.94 million in the second quarter. Auto Owners Insurance Co increased its position by 35,967.2% in the first quarter, now owning 1,073,000 shares worth $361.61 million. Ameriprise Financial Inc. increased its holdings by 54.3% in the first quarter, now owning 681,857 shares worth $229.79 million. Envestnet Asset Management Inc. owned 767,013 shares worth $238.68 million as of its most recent SEC filing, after trimming its holdings by 1.0% in the second quarter. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position worth approximately $56.60 million in the second quarter. Sumitomo Mitsui Trust Group Inc. boosted its stake by 2.6% in the second quarter, owning 142,019 shares worth $44.19 million. Nuveen LLC purchased a new stake worth about $45.71 million in the first quarter. First Citizens Bank & Trust Co. raised its stake by 14.6% in the second quarter, now owning 38,736 shares worth $12.05 million. CONFLUENCE INVESTMENT MANAGEMENT LLC commands the largest institutional position with 492.18K shares, equating to 0.94% of the company as of September 30, 2025.