Snap-on Incorporated (SNA)

In the past six months (January 2025 - June 2025), Snap-on announced its Fourth Quarter and Full Year 2024 results on February 6, 2025, with a slight increase in net sales and improved diluted earnings per share. On April 17, 2025, the company announced its First Quarter 2025 results, missing Wall Street's revenue expectations. Snap-on declared its quarterly dividend on April 24, 2025, and presented at investor conferences on April 30, 2025. An insider sale occurred on June 5, 2025. As of June 25, 2025, Snap-on's share price was $307.34, marking a 17.43% increase from June 26, 2024, despite a recent fall over the last month.

Historically, there has been some seasonality in the Snap-on Tools margin, with a tendency to ramp up from the third quarter into the fourth quarter. However, a 2020 earnings call transcript indicated that this dynamic might be changing, suggesting that past seasonal patterns may not be as predictable in recent times. The company's performance is tied to the health of the automotive and industrial sectors, which can be volatile, impacting sales and profitability.

Snap-on Incorporated is a global innovator, manufacturer, marketer, and distributor of high-end tools, equipment, diagnostics, and repair information and systems solutions for professional users worldwide. Headquartered in Kenosha, Wisconsin, and founded in 1920, Snap-on operates primarily within the industrial goods and machinery sector, serving diverse end markets including vehicle repair, aerospace, military, natural resources, agriculture, infrastructure construction, government, mining, power generation, and technical education industries. The company's product portfolio includes tools, diagnostics, information, and management systems, and equipment. Snap-on also offers training programs, after-sales support, and financial services.

Snap-on has a significant global presence with operations and distribution channels in numerous countries. Its manufacturing facilities are located in the United States, Canada, the United Kingdom, and China. Snap-on products are sold in over 130 countries worldwide, with sales reported across North America, Europe, and other regions. The company utilizes a direct sales model, leveraging a network of franchised mobile tool distributors in North America and Europe, as well as independent distributors, direct sales teams, and e-commerce platforms.

Snap-on has a strong brand reputation for innovation and high-quality tools, contributing to customer loyalty and market dominance, reflected in its strong gross profit margin. Its franchise model has been acknowledged as a 'franchise of choice'. No specific negative events significantly impacted Snap-on's brand reputation in the past year. The company continues to focus on product development, customer service, and strategic acquisitions.

Snap-on Incorporated's stock is predominantly held by institutional investors, accounting for 92.38% of ownership, with 2.80% held by insiders and 4.83% by retail investors. Major institutional owners include Vanguard Group Inc., BlackRock, Inc., State Street Corp., Charles Schwab Investment Management Inc., Geode Capital Management, LLC, First Trust Advisors LP, and Nordea Investment Management Ab. Nicholas T. Pinchuk, the President and Chief Executive Officer, is the largest individual shareholder, owning 807,430 shares, representing 1.54% of the company.