Snap-onSNA
Market Cap: $14.3B
About: Snap-on manufactures premium tools and software for repair professionals. Hand tools are sold through a franchisee-operated mobile van network that serve auto technicians who purchase tools at their own expense. A unique element of its business model is that franchisees bear significant risk, as they must invest in the mobile van, inventory, and software. At the same time, franchisees extend personal credit directly to technicians on an individual tool basis. Snap-on currently operates three segments: repair systems and information, commercial and industrial, and tools. Its finance arm provides financing to franchisees to run their operations, which includes offering loans and leases for mobile vans.
Employees: 13,200
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
8.86% more ownership
Funds ownership: 79.68% [Q1] → 88.55% (+8.86%) [Q2]
3% more repeat investments, than reductions
Existing positions increased: 317 | Existing positions reduced: 309
0% less funds holding
Funds holding: 850 [Q1] → 847 (-3) [Q2]
3% less first-time investments, than exits
New positions opened: 90 | Existing positions closed: 93
11% less capital invested
Capital invested by funds: $13.7B [Q1] → $12.2B (-$1.52B) [Q2]
33% less funds holding in top 10
Funds holding in top 10: 9 [Q1] → 6 (-3) [Q2]
73% less call options, than puts
Call options by funds: $24.4M | Put options by funds: $88.8M
Research analyst outlook
5 Wall Street Analysts provided 1 year price targets over the past 3 months
5 analyst ratings
Tigress Financial Ivan Feinseth 63% 1-year accuracy 47 / 75 met price target | 24%upside $336 | Buy Maintained | 25 Jul 2024 |
Barrington Research Gary Prestopino 46% 1-year accuracy 44 / 96 met price target | 20%upside $325 | Outperform Maintained | 19 Jul 2024 |
Roth MKM Scott Stember 74% 1-year accuracy 14 / 19 met price target | 20%upside $324 | Buy Reiterated | 16 Jul 2024 |
Barrington Research Gary Prestopino 46% 1-year accuracy 44 / 96 met price target | 20%upside $325 | Outperform Maintained | 16 Jul 2024 |
Baird Luke Junk 45% 1-year accuracy 5 / 11 met price target | 2%upside $275 | Neutral Maintained | 12 Jul 2024 |