US Bancorp DE Reduces Holdings in Snap-On Incorporated $SNA

US Bancorp DE decreased its position in shares of Snap-On Incorporated (NYSE:SNA) by 4.5% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 31,600 shares of the company’s stock after selling 1,488 shares during the quarter. US Bancorp DE owned approximately 0.06% of Snap-On worth $10,890,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in the company. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of Snap-On during the fourth quarter worth about $25,000. GoalVest Advisory LLC purchased a new position in shares of Snap-On during the fourth quarter worth about $28,000. SJS Investment Consulting Inc. grew its holdings in shares of Snap-On by 1,880.0% during the third quarter. SJS Investment Consulting Inc. now owns 99 shares of the company’s stock worth $34,000 after buying an additional 94 shares during the last quarter. Quent Capital LLC purchased a new position in shares of Snap-On during the third quarter worth about $36,000. Finally, United Community Bank purchased a new position in shares of Snap-On during the fourth quarter worth about $43,000. Hedge funds and other institutional investors own 84.88% of the company’s stock.

Key Stories Impacting Snap-On

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

• Positive Sentiment: Board authorizes $500 million share repurchase (up to ~2.5% of shares), signaling confidence in the stock and supporting EPS/shares outstanding over time. RTT News – Stock Buybacks
• Positive Sentiment: Quarterly dividend declared: $2.44 per share (annualized yield ~2.5%), ex-dividend on May 20, payable June 10 — provides steady cash return and supports investor income expectations. Yahoo Finance – Dividend & Repurchase
• Positive Sentiment: Value-focused coverage argues SNA is trading at a discount relative to fundamentals, which could attract value investors if growth stabilizes. Seeking Alpha – Trading At An Understandable Discount
• Neutral Sentiment: Recent quarter: revenue rose year-over-year but EPS slightly missed estimates — mixed results that temper near-term enthusiasm but show ongoing demand. MarketBeat – SNA Profile & Results
• Neutral Sentiment: News items about SNAP (the federal food-assistance program) — new state restrictions, House votes, and Florida cuts — are generating headlines using the same acronym but are unrelated to Snap-On’s business and unlikely to drive SNA stock moves. PBS – SNAP Restrictions in Texas MSN – House Vote on SNAP Soda Ban Yahoo – SNAP Cuts Impact
• Negative Sentiment: Analyst note updating to a “Hold” flags valuation and margin headwinds — SNA’s current P/E is above historical ranges while growth forecasts are modest and cost pressures may compress margins. This view weighs on sentiment despite buyback/dividend actions. Seeking Alpha – Hold for 2026

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on SNA shares. Roth Mkm reaffirmed a “buy” rating and set a $431.00 price target on shares of Snap-On in a report on Friday, April 24th. Wall Street Zen downgraded Snap-On from a “buy” rating to a “hold” rating in a report on Saturday, February 7th. Robert W. Baird increased their price target on Snap-On from $380.00 to $395.00 and gave the stock a “neutral” rating in a report on Friday, April 24th. Tigress Financial increased their price target on Snap-On from $405.00 to $445.00 and gave the stock a “buy” rating in a report on Friday, February 27th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Snap-On in a report on Monday, April 20th. Four equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Snap-On currently has an average rating of “Moderate Buy” and a consensus target price of $381.20.

Snap-On Stock Down 0.8%

SNA opened at $380.50 on Friday. The company has a debt-to-equity ratio of 0.15, a current ratio of 3.53 and a quick ratio of 2.74. The business has a 50 day simple moving average of $374.37 and a 200-day simple moving average of $360.23. The stock has a market capitalization of $19.71 billion, a P/E ratio of 19.64, a P/E/G ratio of 2.67 and a beta of 0.75. Snap-On Incorporated has a 12 month low of $301.82 and a 12 month high of $400.88.

Snap-On (NYSE:SNA) last posted its quarterly earnings results on Thursday, April 23rd. The company reported $4.69 EPS for the quarter, missing the consensus estimate of $4.75 by ($0.06). The business had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.19 billion. Snap-On had a net margin of 21.28% and a return on equity of 17.13%. The firm’s quarterly revenue was up 5.8% compared to the same quarter last year. During the same period in the prior year, the business earned $4.51 earnings per share. On average, equities analysts anticipate that Snap-On Incorporated will post 19.75 earnings per share for the current fiscal year.

Snap-On Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 10th. Stockholders of record on Wednesday, May 20th will be issued a $2.44 dividend. This represents a $9.76 annualized dividend and a dividend yield of 2.6%. The ex-dividend date of this dividend is Wednesday, May 20th. Snap-On’s dividend payout ratio (DPR) is currently 50.39%.

Snap-On announced that its Board of Directors has approved a stock buyback program on Thursday, April 30th that permits the company to buyback $500.00 million in outstanding shares. This buyback authorization permits the company to buy up to 2.6% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.

Insiders Place Their Bets

In other news, CEO Nicholas T. Pinchuk sold 23,229 shares of the firm’s stock in a transaction that occurred on Monday, February 23rd. The stock was sold at an average price of $383.36, for a total value of $8,905,069.44. Following the completion of the sale, the chief executive officer directly owned 846,562 shares of the company’s stock, valued at $324,538,008.32. This trade represents a 2.67% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Aldo John Pagliari sold 7,043 shares of the firm’s stock in a transaction that occurred on 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 directly owned 117,183 shares of the company’s stock, valued at $44,769,765.15. This represents a 5.67% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 39,650 shares of company stock valued at $15,210,959 over the last 90 days. 3.80% of the stock is owned by corporate insiders.

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.