Kingsview Wealth Management LLC Makes New Investment in Snap-On Incorporated $SNA

Kingsview Wealth Management LLC bought a new position in Snap-On Incorporated (NYSE:SNA) in the 2nd quarter, Holdings Channel.com reports. The fund bought 12,360 shares of the company’s stock, valued at approximately $4,974,000.

Other institutional investors have also modified their holdings of the company. Beacon Pointe Advisors LLC acquired a new stake in shares of Snap-On in the 2nd quarter valued at about $9,864,000. 49 Wealth Management LLC acquired a new position in Snap-On in the second quarter worth about $380,000. Livforsakringsbolaget Skandia Omsesidigt acquired a new position in Snap-On in the second quarter worth about $16,329,000. RB Capital Management LLC bought a new stake in Snap-On in the second quarter valued at about $944,000. Finally, Orion Capital Management LLC acquired a new stake in Snap-On during the second quarter valued at approximately $77,000. Institutional investors and hedge funds own 84.88% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have commented on SNA. Tigress Financial increased their target price on Snap-On from $445.00 to $485.00 and gave the stock a “buy” rating in a report on Friday, July 31st. 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. Robert W. Baird set a $415.00 price target on Snap-On in a research report on Friday, July 24th. Barclays initiated coverage on Snap-On in a research note on Thursday, May 28th. They set an “overweight” rating and a $420.00 price objective on the stock. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Snap-On in a report 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’s stock. According to data from MarketBeat, Snap-On presently has a consensus rating of “Moderate Buy” and an average target price of $426.20.

Snap-On News Summary

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

Insiders Place Their Bets

In other Snap-On news, VP Marty V. Ozolins sold 800 shares of the stock in a transaction on Wednesday, August 26th. The stock was sold at an average price of $400.00, for a total value of $320,000.00. Following the sale, the vice president directly owned 1,526 shares of the company’s stock, valued at $610,400. This trade represents a 34.39% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Timothy L. Chambers sold 9,111 shares of the firm’s stock in a transaction on Tuesday, July 28th. The shares were sold at an average price of $419.36, for a total value of $3,820,788.96. Following the completion of the sale, the senior vice president owned 21,223 shares in the company, valued at $8,900,077.28. The trade was a 30.04% 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. In the last quarter, insiders have sold 46,728 shares of company stock worth $18,803,009. 3.80% of the stock is currently owned by insiders.

Snap-On Price Performance

SNA opened at $391.93 on Friday. The firm has a market cap of $20.27 billion, a price-to-earnings ratio of 19.99, a price-to-earnings-growth ratio of 2.78 and a beta of 0.73. Snap-On Incorporated has a fifty-two week low of $319.20 and a fifty-two week high of $423.02. The company’s 50-day moving average price is $404.14 and its 200 day moving average price is $385.27. 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 (NYSE:SNA) last issued its earnings results on Thursday, July 23rd. The company reported $4.96 EPS for the quarter, beating analysts’ consensus estimates of $4.95 by $0.01. Snap-On had a return on equity of 17.07% and a net margin of 21.25%.The company had revenue of $1.24 billion during the quarter, compared to the consensus estimate of $1.22 billion. During the same period in the previous year, the firm posted $4.72 earnings per share. Snap-On’s quarterly revenue was up 4.7% compared to the same quarter last year. As a group, sell-side analysts expect that Snap-On Incorporated will post 19.7 earnings per share for the current year.

Snap-On Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Wednesday, August 19th will be issued a $2.44 dividend. The ex-dividend date of this dividend is Wednesday, August 19th. This represents a $9.76 annualized dividend and a dividend yield of 2.5%. Snap-On’s dividend payout ratio (DPR) is 49.77%.

Snap-On 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.