JPMorgan Chase & Co. Boosts Holdings in Snap-On Incorporated $SNA

JPMorgan Chase & Co. boosted its stake in Snap-On Incorporated (NYSE:SNA) by 24.3% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 334,614 shares of the company’s stock after acquiring an additional 65,440 shares during the period. JPMorgan Chase & Co. owned about 0.64% of Snap-On worth $115,958,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in SNA. BankPlus Trust Department lifted its holdings in shares of Snap-On by 5.9% in the 3rd quarter. BankPlus Trust Department now owns 541 shares of the company’s stock valued at $187,000 after purchasing an additional 30 shares during the last quarter. Nisa Investment Advisors LLC lifted its stake in Snap-On by 0.4% in the third quarter. Nisa Investment Advisors LLC now owns 7,346 shares of the company’s stock valued at $2,546,000 after buying an additional 31 shares during the last quarter. Cardinal Capital Management boosted its holdings in shares of Snap-On by 0.3% in the third quarter. Cardinal Capital Management now owns 11,197 shares of the company’s stock valued at $3,880,000 after acquiring an additional 32 shares during the period. Penserra Capital Management LLC grew its position in shares of Snap-On by 13.5% during the second quarter. Penserra Capital Management LLC now owns 278 shares of the company’s stock worth $86,000 after acquiring an additional 33 shares during the last quarter. Finally, PAX Financial Group LLC increased its holdings in shares of Snap-On by 5.4% in the 2nd quarter. PAX Financial Group LLC now owns 663 shares of the company’s stock valued at $206,000 after acquiring an additional 34 shares during the period. Hedge funds and other institutional investors own 84.88% of the company’s stock.

Key Snap-On News

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

• Positive Sentiment: Company fundamentals/dividend support — Snap‑On recently reported an EPS beat for the Feb. 5 quarter ($4.94 vs. $4.86) and declared a quarterly dividend of $2.44 (ex‑div Feb. 24, payable Mar. 10). The combination of an earnings beat and a ~2.5% yield reinforces income appeal and buy‑and‑hold investor support. Read More.
• Neutral Sentiment: Analyst commentary — some brokers remain constructive (Roth MKM reiterated a Buy and raised its $409 target), keeping upside thesis alive despite mixed signals. Read More.
• Neutral Sentiment: Macro/strategy note — Seeking Alpha argues the long‑term outlook is “decent” but flags 2026 as a potentially weaker year, which may temper near‑term enthusiasm without altering longer‑term conviction. Read More.
• Neutral Sentiment: CFO insider sale — CFO Aldo John Pagliari sold 7,043 shares on Feb. 19 at roughly $382, trimming his holding by ~5.7%. Insider sales can be routine (taxes, diversification) but often attract investor attention. Read More.
• Negative Sentiment: Zacks cuts earnings estimates — Zacks trimmed multiple quarterly and FY2026/FY2027 EPS forecasts (small but broad downward revisions across 2026–2028), signaling softer expected near‑term growth and likely pressuring valuations. This is the main headline weighing on the stock today. Read More.

Analyst Ratings Changes

A number of brokerages recently weighed in on SNA. Roth Mkm reiterated a “buy” rating and set a $409.00 price target (up previously from $385.00) on shares of Snap-On in a research note on Tuesday, February 10th. Wall Street Zen downgraded shares of Snap-On from a “buy” rating to a “hold” rating in a research note on Saturday, February 7th. Weiss Ratings reissued a “buy (b)” rating on shares of Snap-On in a report on Wednesday, January 21st. Finally, Robert W. Baird set a $375.00 price objective on Snap-On in a research note on Friday, February 6th. Five analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Snap-On has an average rating of “Moderate Buy” and an average target price of $370.67.

Insiders Place Their Bets

In related news, CFO Aldo John Pagliari sold 7,043 shares of the firm’s stock in a transaction dated Thursday, February 19th. The shares were sold at an average price of $382.05, for a total value of $2,690,778.15. Following the completion of the sale, the chief financial officer owned 117,183 shares in the company, valued at $44,769,765.15. This trade represents a 5.67% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Timothy L. Chambers sold 8,000 shares of the company’s stock in a transaction dated Wednesday, February 4th. The stock was sold at an average price of $385.13, for a total transaction of $3,081,040.00. Following the transaction, the senior vice president owned 19,480 shares in the company, valued at $7,502,332.40. The trade was a 29.11% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 55,079 shares of company stock worth $19,482,806. Insiders own 3.90% of the company’s stock.

Snap-On Stock Performance

NYSE SNA opened at $385.87 on Monday. The stock has a market capitalization of $20.03 billion, a price-to-earnings ratio of 20.11, a PEG ratio of 2.66 and a beta of 0.81. The business’s 50 day moving average is $363.98 and its two-hundred day moving average is $345.84. Snap-On Incorporated has a 12-month low of $289.81 and a 12-month high of $390.13. The company has a current ratio of 4.79, a quick ratio of 3.68 and a debt-to-equity ratio of 0.20.

Snap-On (NYSE:SNA) last posted its quarterly earnings results on Thursday, February 5th. The company reported $4.94 earnings per share for the quarter, beating analysts’ consensus estimates of $4.86 by $0.08. The firm had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.24 billion. Snap-On had a return on equity of 17.34% and a net margin of 21.44%.The company’s revenue for the quarter was up 2.8% compared to the same quarter last year. During the same period in the previous year, the business earned $4.82 earnings per share. Research analysts expect that Snap-On Incorporated will post 19.79 EPS for the current year.

Snap-On Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 10th. Stockholders of record on Tuesday, February 24th will be paid a dividend of $2.44 per share. The ex-dividend date of this dividend is Tuesday, February 24th. This represents a $9.76 dividend on an annualized basis and a dividend yield of 2.5%. Snap-On’s dividend payout ratio is 50.86%.

Snap-On Company Profile

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.