Snap-on
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 Q4 regulatory disclosures by fund managers ($100M+ AUM)
115% more first-time investments, than exits
New positions opened: 127 | Existing positions closed: 59
57% more funds holding in top 10
Funds holding in top 10: 7 [Q3] → 11 (+4) [Q4]
20% more capital invested
Capital invested by funds: $13.5B [Q3] → $16.2B (+$2.66B) [Q4]
6% more funds holding
Funds holding: 874 [Q3] → 925 (+51) [Q4]
2.05% more ownership
Funds ownership: 88.75% [Q3] → 90.8% (+2.05%) [Q4]
10% less repeat investments, than reductions
Existing positions increased: 312 | Existing positions reduced: 345
22% less call options, than puts
Call options by funds: $29.9M | Put options by funds: $38.5M
Research analyst outlook
4 Wall Street Analysts provided 1 year price targets over the past 3 months
4 analyst ratings
Barrington Research Gary Prestopino 31% 1-year accuracy 50 / 160 met price target | 13%upside $350 | Outperform Maintained | 21 Apr 2025 |
Baird Luke Junk 25% 1-year accuracy 4 / 16 met price target | 4%upside $320 | Neutral Maintained | 21 Apr 2025 |
Longbow Research David Macgregor 50% 1-year accuracy 1 / 2 met price target | 30%upside $400 | Buy Upgraded | 31 Mar 2025 |
Tigress Financial Ivan Feinseth 45% 1-year accuracy 30 / 67 met price target | 26%upside $390 | Buy Maintained | 4 Mar 2025 |
Financial journalist opinion
Based on 18 articles about SNA published over the past 30 days
