Snap-onSNA
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 Q3 regulatory filings by fund managers ($100M+ AUM)
21% more first-time investments, than exits
New positions opened: 91 | Existing positions closed: 75
17% more funds holding in top 10
Funds holding in top 10: 6 [Q2] → 7 (+1) [Q3]
9% more capital invested
Capital invested by funds: $12.4B [Q2] → $13.5B (+$1.15B) [Q3]
2% more funds holding
Funds holding: 851 [Q2] → 867 (+16) [Q3]
5% more repeat investments, than reductions
Existing positions increased: 322 | Existing positions reduced: 307
1.05% less ownership
Funds ownership: 89.88% [Q2] → 88.83% (-1.05%) [Q3]
69% less call options, than puts
Call options by funds: $23.5M | Put options by funds: $77M
Research analyst outlook
5 Wall Street Analysts provided 1 year price targets over the past 3 months
5 analyst ratings
Tigress Financial Ivan Feinseth 72% 1-year accuracy 53 / 74 met price target | 12%upside $385 | Buy Maintained | 25 Oct 2024 |
Roth MKM Scott Stember 64% 1-year accuracy 14 / 22 met price target | 6%upside $365 | Buy Maintained | 22 Oct 2024 |
B of A Securities Elizabeth Suzuki 42% 1-year accuracy 5 / 12 met price target | 19%downside $280 | Underperform Maintained | 18 Oct 2024 |
Baird Luke Junk 62% 1-year accuracy 8 / 13 met price target | 1%upside $347 | Neutral Maintained | 18 Oct 2024 |
Barrington Research Gary Prestopino 66% 1-year accuracy 89 / 134 met price target | 2%upside $350 | Outperform Maintained | 17 Oct 2024 |
Financial journalist opinion
Based on 6 articles about SNA published over the past 30 days
