Roth Capital Has Pessimistic Outlook of Snap-on Q1 Earnings

Snap-on Incorporated (NYSE:SNA) – Stock analysts at Roth Capital dropped their Q1 2025 earnings per share estimates for shares of Snap-on in a research report issued to clients and investors on Tuesday, October 22nd. Roth Capital analyst S. Stember now forecasts that the company will post earnings per share of $4.93 for the quarter, down from their previous estimate of $5.13. The consensus estimate for Snap-on’s current full-year earnings is $18.95 per share. Roth Capital also issued estimates for Snap-on’s Q2 2025 earnings at $5.29 EPS and Q4 2025 earnings at $5.20 EPS.

A number of other equities research analysts have also weighed in on the stock. Barrington Research raised their price objective on shares of Snap-on from $325.00 to $350.00 and gave the company an “outperform” rating in a report on Thursday, October 17th. Bank of America lifted their price target on Snap-on from $255.00 to $280.00 and gave the stock an “underperform” rating in a report on Friday, October 18th. Robert W. Baird increased their price objective on Snap-on from $290.00 to $347.00 and gave the company a “neutral” rating in a report on Friday, October 18th. Roth Mkm boosted their target price on Snap-on from $324.00 to $365.00 and gave the stock a “buy” rating in a research note on Tuesday. Finally, Tigress Financial reiterated a “buy” rating and issued a $336.00 price target on shares of Snap-on in a research note on Thursday, July 25th. One analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, Snap-on has an average rating of “Hold” and an average target price of $335.60.

Snap-on Stock Down 0.8 %

Shares of NYSE:SNA opened at $323.31 on Wednesday. Snap-on has a fifty-two week low of $249.84 and a fifty-two week high of $330.51. The firm’s 50 day moving average price is $286.36 and its 200 day moving average price is $277.01. The company has a quick ratio of 3.05, a current ratio of 4.18 and a debt-to-equity ratio of 0.22. The stock has a market cap of $17.03 billion, a price-to-earnings ratio of 16.64, a price-to-earnings-growth ratio of 2.26 and a beta of 0.98.

Snap-on Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Monday, August 19th were paid a dividend of $1.86 per share. The ex-dividend date was Monday, August 19th. This represents a $7.44 dividend on an annualized basis and a yield of 2.30%. Snap-on’s dividend payout ratio is presently 38.29%.

Snap-on declared that its Board of Directors has initiated a share repurchase program on Thursday, August 8th that allows the company to buyback $500.00 million in shares. This buyback authorization allows the company to repurchase up to 3.5% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s management believes its stock is undervalued.

Insider Buying and Selling at Snap-on

In other news, VP June C. Lemerand sold 1,186 shares of the firm’s stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $283.97, for a total transaction of $336,788.42. Following the transaction, the vice president now directly owns 2,283 shares in the company, valued at approximately $648,303.51. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, VP Iain Boyd sold 6,044 shares of the stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $298.99, for a total transaction of $1,807,095.56. Following the completion of the sale, the vice president now owns 10,493 shares in the company, valued at approximately $3,137,302.07. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP June C. Lemerand sold 1,186 shares of the business’s stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $283.97, for a total value of $336,788.42. Following the completion of the transaction, the vice president now owns 2,283 shares in the company, valued at $648,303.51. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 37,598 shares of company stock worth $10,461,986. 4.10% of the stock is owned by insiders.

Institutional Trading of Snap-on

Hedge funds have recently added to or reduced their stakes in the stock. AdvisorNet Financial Inc grew its position in Snap-on by 1,327.2% in the 1st quarter. AdvisorNet Financial Inc now owns 1,156 shares of the company’s stock valued at $342,000 after buying an additional 1,075 shares during the last quarter. Janiczek Wealth Management LLC boosted its holdings in shares of Snap-on by 27.4% in the first quarter. Janiczek Wealth Management LLC now owns 567 shares of the company’s stock valued at $168,000 after acquiring an additional 122 shares in the last quarter. Cardinal Capital Management raised its holdings in Snap-on by 12.1% during the first quarter. Cardinal Capital Management now owns 10,287 shares of the company’s stock worth $3,047,000 after purchasing an additional 1,110 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in Snap-on by 6.7% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 34,830 shares of the company’s stock valued at $10,317,000 after purchasing an additional 2,202 shares during the period. Finally, Touchstone Capital Inc. purchased a new stake in Snap-on in the 1st quarter valued at approximately $7,605,000. 84.88% of the stock is owned by institutional investors and hedge funds.

About Snap-on

Snap-on Incorporated manufactures and markets tools, equipment, diagnostics, and repair information and systems solutions for professional users worldwide. It operates through Commercial & Industrial Group, Snap-on Tools Group, Repair Systems & Information Group, and Financial Services segments.