Snap On Stock Today
| SNA Stock | USD 283.50 1.05 0.37% |
Performance0 of 100
| Odds Of DistressLess than 6
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Snap On is trading at 283.50 as of the 17th of April 2024, a 0.37 percent up since the beginning of the trading day. The stock's open price was 282.45. Snap On has only a 6 % chance of going through financial distress over the next few years, but has generated negative returns over the last 90 days. Equity ratings for Snap On are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 20th of October 2023 and ending today, the 17th of April 2024. Click here to learn more.
Business Domain Capital Goods | IPO Date 1st of July 1985 | Category Industrials |
Snap-on Incorporated manufactures and markets tools, equipment, diagnostics, and repair information and systems solutions for professional users worldwide. Snap-on Incorporated was founded in 1920 and is based in Kenosha, Wisconsin. Snap On operates under Tools Accessories classification in the United States and is traded on New York Stock Exchange. The company has 52.84 M outstanding shares of which 2.35 M shares are at this time shorted by investors with about 5.64 days to cover. More on Snap On
Moving against Snap Stock
| 0.63 | TTC | Toro Financial Report 13th of June 2024 | PairCorr |
Snap Stock Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Snap On's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Snap On or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
ESG Sustainability
Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary, Snap On's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Snap On's managers, analysts, and investors.
Environment Score | Governance Score | Social Score |
| Chairman | Nicholas Pinchuk | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Thematic Idea | Construction Materials (View all Themes) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Business Concentration | Industrial Machinery & Supplies & Components, Tools & Accessories, Industrials, NYSE Composite, SP 500 Index, Construction Materials, Industrials, Machinery, Tools & Accessories, Industrials (View all Sectors) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Average Analyst Recommendation Analysts covering Snap On report their recommendations after researching Snap On's financial statements, talking to executives and customers, or listening in on Snap On's conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering Snap On. The Snap consensus assessment is calculated by taking the average forecast from all of the analysts covering Snap On. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Financial Strength Based on the analysis of Snap On's profitability, liquidity, and operating efficiency, Snap On may be sliding down financialy. It has an above-average probability of going through some form of financial hardship next quarter. Financial strength of Snap On is based on its profitability, leverage, liquidity, source of funds, and operating efficiency.
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Snap On's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Snap On's success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit. Snap On's bond ratings measure its overall creditworthiness, which in many ways corresponds to the cost of borrowing for an issuer. These ratings assign a letter grade to all of Snap On's outstanding corporate bonds that indicate their credit quality. We use reports published by private self-sufficient rating services such as Standard & Poor's or Fitch Ratings Inc. to evaluate a bond issuer's financial strength or its ability to pay a bond's principal and interest. Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Snap On's financial leverage. It provides some insight into what part of Snap On's total assets is financed by creditors.
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Snap On (SNA) is traded on New York Stock Exchange in USA. It is located in 2801 80th Street, Kenosha, WI, United States, 53143 and employs 13,200 people. Snap On is listed under Industrial Machinery & Supplies & Components category by Fama And French industry classification. The company currently falls under 'Large-Cap' category with a total capitalization of 15.1 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Snap On's market, we take the total number of its shares issued and multiply it by Snap On's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Snap On runs under Machinery sector within Industrials industry. The entity has 52.84 M outstanding shares of which 2.35 M shares are at this time shorted by investors with about 5.64 days to cover.
Snap On has about 757.2 M in cash with 1.15 B of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 14.28.
Check Snap On Probability Of Bankruptcy
Ownership AllocationSnap On shows a total of 52.84 Million outstanding shares. The majority of Snap On outstanding shares are owned by institutional holders. These institutional investors are usually referred to as non-private investors looking to take positions in Snap On to benefit from reduced commissions. Consequently, institutions are subject to a different set of regulations than regular investors in Snap On. Please pay attention to any change in the institutional holdings of Snap On as this could imply that something significant has changed or is about to change at the company. Please note that no matter how many assets the company owns, if the real value of the company is less than the current market value, you may not be able to make money on it.
Check Snap Ownership Details
Snap Stock Price Odds Analysis
What are Snap On's target price odds to finish over the current price? Depending on a normal probability distribution, the odds of Snap On jumping above the current price in 90 days from now is about 53.58%. The Snap On probability density function shows the probability of Snap On stock to fall within a particular range of prices over 90 days. Considering the 90-day investment horizon Snap On has a beta of 0.9172. This usually implies Snap On market returns are sensitive to returns on the market. As the market goes up or down, Snap On is expected to follow. Additionally, snap On has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the NYSE Composite.
Based on a normal probability distribution, the odds of Snap On to move above the current price in 90 days from now is about 53.58 (This Snap On probability density function shows the probability of Snap Stock to fall within a particular range of prices over 90 days) .
Snap Stock Institutional Holders
Institutional Holdings refers to the ownership stake in Snap On that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Snap On's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Snap On's value.| Instituion | Recorded On | Shares | |
| Envestnet Asset Management Inc | 2023-12-31 | 755.4 K | |
| Regions Financial Corp | 2023-12-31 | 727.1 K | |
| Morgan Stanley - Brokerage Accounts | 2023-12-31 | 699.5 K | |
| Lsv Asset Management | 2023-12-31 | 670.8 K | |
| Confluence Investment Management Llc | 2023-09-30 | 624 K | |
| Bank Of America Corp | 2023-12-31 | 618.1 K | |
| Amvescap Plc. | 2023-12-31 | 580.7 K | |
| Goldman Sachs Group Inc | 2023-12-31 | 542.9 K | |
| Norges Bank | 2023-12-31 | 504.3 K | |
| Vanguard Group Inc | 2023-12-31 | 6.4 M | |
| Blackrock Inc | 2023-12-31 | 4.2 M |
Snap On Historical Income Statement
Snap On Income Statement is one of the three primary financial statements used for reporting Snap's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Snap On revenue and expense. Snap On Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At present, Snap On's Gross Profit is projected to increase significantly based on the last few years of reporting. The current year's Operating Income is expected to grow to about 1.4 B, whereas Depreciation And Amortization is forecasted to decline to about 66.8 M. View More FundamentalsSnap Stock Against Markets
Picking the right benchmark for Snap On stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Snap On stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Snap On is critical whether you are bullish or bearish towards Snap On at a given time. Please also check how Snap On's historical prices are related to one of the top price index indicators.
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Our tools can tell you how much better you can do entering a position in Snap On without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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Snap On Corporate Directors
Snap On corporate directors refer to members of a Snap On board of directors. The board of directors generally takes responsibility for the Snap On's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Snap On's board members must vote for the resolution. The Snap On board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| William Lehman | Independent Director | Profile | |
| Nathan Jones | Independent Director | Profile | |
| Karen Daniel | Independent Director | Profile | |
| David Adams | Independent Director | Profile |
How to buy Snap Stock?
Before investing in Snap On, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Snap On. To buy Snap On stock, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Snap On. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase Snap On stock. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Snap On stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased Snap On stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Snap On, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy Snap Stock please use our How to Invest in Snap On guide.
Already Invested in Snap On?
The danger of trading Snap On is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Snap On is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Snap On. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Snap On is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Snap On offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Snap On's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Snap On Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Snap On Stock: Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Snap On. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. For information on how to trade Snap Stock refer to our How to Trade Snap Stock guide.You can also try the Portfolio Analyzer module to portfolio analysis module that provides access to portfolio diagnostics and optimization engine.
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When running Snap On's price analysis, check to measure Snap On's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Snap On is operating at the current time. Most of Snap On's value examination focuses on studying past and present price action to predict the probability of Snap On's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Snap On's price. Additionally, you may evaluate how the addition of Snap On to your portfolios can decrease your overall portfolio volatility.
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Is Snap On's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Snap On. If investors know Snap will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Snap On listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.076 | Dividend Share 6.72 | Earnings Share 18.75 | Revenue Per Share 96.565 | Quarterly Revenue Growth 0.04 |
The market value of Snap On is measured differently than its book value, which is the value of Snap that is recorded on the company's balance sheet. Investors also form their own opinion of Snap On's value that differs from its market value or its book value, called intrinsic value, which is Snap On's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Snap On's market value can be influenced by many factors that don't directly affect Snap On's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Snap On's value and its price as these two are different measures arrived at by different means. Investors typically determine if Snap On is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Snap On's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.