Flputnam Investment Management Co. Reduces Stock Position in Snap-On Incorporated $SNA

Flputnam Investment Management Co. reduced its stake in shares of Snap-On Incorporated (NYSE:SNA) by 13.2% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 14,538 shares of the company’s stock after selling 2,203 shares during the quarter. Flputnam Investment Management Co.’s holdings in Snap-On were worth $5,850,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in SNA. BlackRock Inc. purchased a new stake in Snap-On in the 2nd quarter valued at about $1,715,363,000. Auto Owners Insurance Co increased its position in shares of Snap-On by 34,360.0% during the fourth quarter. Auto Owners Insurance Co now owns 1,025,185 shares of the company’s stock worth $353,279,000 after acquiring an additional 1,022,210 shares during the period. Bank of America Corp DE bought a new stake in shares of Snap-On during the second quarter valued at approximately $329,779,000. Norges Bank purchased a new stake in shares of Snap-On in the fourth quarter valued at approximately $210,814,000. Finally, Caisse de depot et placement du Quebec purchased a new stake in shares of Snap-On in the second quarter valued at approximately $181,969,000. 84.88% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

SNA has been the subject of several recent research reports. Barclays started coverage on Snap-On in a report on Thursday, May 28th. They issued an “overweight” rating and a $420.00 price objective for the company. Robert W. Baird set a $415.00 price target on shares of Snap-On in a report on Friday, July 24th. Roth Capital reiterated a “buy” rating and issued a $461.00 price target (up from $409.00) on shares of Snap-On in a report on Friday, July 24th. Tigress Financial upped their price objective on Snap-On from $445.00 to $485.00 and gave the stock a “buy” rating in a research note on Friday, July 31st. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Snap-On in a research note on Friday, July 17th. Five research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $426.20.

Key Headlines Impacting Snap-On

Here are the key news stories impacting Snap-On this week:

• Positive Sentiment: Snap-on extended its title sponsorship of the IndyCar weekend at Milwaukee Mile, continuing its visibility across IndyCar, NASCAR and other motorsports events. The partnership may support brand awareness and customer engagement among professional automotive technicians, although financial terms were not disclosed. Snap-on extends title sponsorship of IndyCar races at Milwaukee Mile
• Neutral Sentiment: Coverage of Snap-on’s sponsorship strategy highlights the company’s long-standing use of IndyCar, NASCAR and Milwaukee Mile partnerships to promote its “Makers and Fixers” brand. The initiatives could strengthen the company’s marketing reach, but they are primarily branding developments rather than new revenue or earnings guidance. What drives Snap-on’s sponsorships of IndyCar, NASCAR and Milwaukee Mile
• Neutral Sentiment: Josef Newgarden was listed as the favorite for the 2026 Snap-on Makers and Fixers 250. The betting coverage provides additional publicity for the event but has no direct implication for Snap-on’s operating results. 2026 INDYCAR Odds: Josef Newgarden Favored For Snap-on Makers And Fixers 250
• Negative Sentiment: Vice President Marty Ozolins sold 800 shares for approximately $320,000, reducing his direct holdings by 34.39%. Because the sale was conducted under a pre-arranged Rule 10b5-1 plan, it is less concerning than an unexpected discretionary sale, but insider selling can still weigh on sentiment. Snap-On VP Marty Ozolins Sells 800 Shares of Stock

Insider Buying and Selling

In other news, CEO Nicholas T. Pinchuk sold 22,889 shares of the stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $399.69, for a total transaction of $9,148,504.41. Following the transaction, the chief executive officer owned 867,779 shares in the company, valued at $346,842,588.51. This trade represents a 2.57% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Marty V. Ozolins sold 800 shares of the stock in a transaction on Wednesday, August 26th. The shares were 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 approximately $610,400. The trade was a 34.39% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 46,728 shares of company stock valued at $18,803,009 in the last 90 days. Corporate insiders own 3.80% of the company’s stock.

Snap-On Trading Up 0.0%

Shares of NYSE:SNA opened at $391.93 on Monday. The company has a quick ratio of 2.64, a current ratio of 3.43 and a debt-to-equity ratio of 0.15. Snap-On Incorporated has a 52-week low of $319.20 and a 52-week high of $423.02. The stock has a market cap of $20.27 billion, a price-to-earnings ratio of 19.99, a PEG ratio of 2.76 and a beta of 0.73. The business has a 50-day moving average price of $404.14 and a 200-day moving average price of $385.40.

Snap-On (NYSE:SNA) last issued its earnings results on Thursday, July 23rd. The company reported $4.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.95 by $0.01. The firm had revenue of $1.24 billion during the quarter, compared to analysts’ expectations of $1.22 billion. Snap-On had a net margin of 21.25% and a return on equity of 17.07%. The firm’s revenue was up 4.7% compared to the same quarter last year. During the same quarter last year, the company posted $4.72 earnings per share. Equities analysts predict that Snap-On Incorporated will post 19.7 EPS for the current year.

Snap-On Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Wednesday, August 19th will be given a dividend of $2.44 per share. The ex-dividend date is Wednesday, August 19th. This represents a $9.76 dividend on an annualized basis and a yield of 2.5%. Snap-On’s dividend payout ratio is currently 49.77%.

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.