Snap-on Incorporated is a leading global innovator, manufacturer and marketer of tools, equipment, diagnostics, repair information and systems solutions for professional users performing critical tasks. Products and services include hand and power tools, tool storage, diagnostics software, information and management systems, shop equipment and other solutions for vehicle dealerships and repair centers, as well as for customers in industries, including aviation and aerospace, agriculture, construction, government and military, mining, natural resources, power generation and technical education. Snap-on also derives income from various financing programs to facilitate the sales of its products and support its franchise business. Products and services are sold through the company's franchisee, company-direct, distributor and internet channels. Founded in 1920, Snap-on is a $3.6 billion, S&P 500 company headquartered in Kenosha, Wisconsin.

Company profile
Ticker
SNA
Exchange
Website
CEO
Nicholas Pinchuk
Employees
Incorporated
Location
Fiscal year end
Sector
Industry (SIC)
Former names
SNAP ON INC, SNAP ON TOOLS CORP
SEC CIK
Corporate docs
Subsidiaries
AutoCrib EMEA GmBH • Bahco Bisov Svenska AB • Blackhawk S.A.S. • Blueprint Enterprise, Inc. • Bonita IP LLC • BTC Global Limited • BTC Solutions Limited • Car-O-Liner APAC Distribution Center Co., Ltd. • Car-O-Liner (Beijing) Co., Ltd. • Car-O-Liner B.V. ...
IRS number
390622040
SNA stock data
Analyst ratings and price targets
Calendar
21 Jul 22
20 Aug 22
31 Dec 22
Financial summary
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Diluted EPS |
Annual (USD) | Jan 22 | Jan 21 | Dec 19 | Dec 18 | |
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Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 812.9M | 812.9M | 812.9M | 812.9M | 812.9M | 812.9M |
Cash burn (monthly) | 16.07M | 12.75M | (no burn) | (no burn) | (no burn) | (no burn) |
Cash used (since last report) | 25.84M | 20.5M | n/a | n/a | n/a | n/a |
Cash remaining | 787.06M | 792.4M | n/a | n/a | n/a | n/a |
Runway (months of cash) | 49.0 | 62.1 | n/a | n/a | n/a | n/a |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
16 Aug 22 | Timothy L Chambers | Common Stock | Payment of exercise | Dispose F | No | No | 233.35 | 4,222 | 985.2K | 13,900.057 |
16 Aug 22 | Timothy L Chambers | Common Stock | Option exercise | Acquire M | No | No | 79.04 | 6,500 | 513.76K | 18,122.057 |
16 Aug 22 | Timothy L Chambers | Stock Option Common Stock | Option exercise | Dispose M | No | No | 79.04 | 6,500 | 513.76K | 0 |
11 Aug 22 | Pinchuk Nicholas T | Common Stock | Sell | Dispose S | No | Yes | 229.912 | 3,329 | 765.38K | 640,339.168 |
11 Aug 22 | Pinchuk Nicholas T | Common Stock | Sell | Dispose S | No | Yes | 229.3499 | 14,102 | 3.23M | 643,668.168 |
11 Aug 22 | Pinchuk Nicholas T | Common Stock | Sell | Dispose S | No | Yes | 228.3635 | 11,774 | 2.69M | 657,770.168 |
11 Aug 22 | Pinchuk Nicholas T | Common Stock | Sell | Dispose S | No | Yes | 227.3147 | 2,580 | 586.47K | 669,544.168 |
11 Aug 22 | Pinchuk Nicholas T | Common Stock | Option exercise | Acquire M | No | Yes | 79.04 | 50,000 | 3.95M | 672,124.168 |
11 Aug 22 | Pinchuk Nicholas T | Stock Option Common Stock | Option exercise | Dispose M | No | Yes | 79.04 | 50,000 | 3.95M | 50,000 |
5 Aug 22 | Jesus Arregui | Common Stock | Sell | Dispose S | No | No | 223.305 | 488 | 108.97K | 2,408.627 |
Institutional ownership, Q2 2022
23.7% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 686 |
Opened positions | 63 |
Closed positions | 77 |
Increased positions | 255 |
Reduced positions | 249 |
13F shares | Current |
---|---|
Total value | 9.19B |
Total shares | 46.79M |
Total puts | 59.4K |
Total calls | 41K |
Total put/call ratio | 1.4 |
Largest owners | Shares | Value |
---|---|---|
Vanguard | 6.47M | $1.28B |
BLK Blackrock | 4.64M | $914.06M |
STT State Street | 2.24M | $441.1M |
Managed Account Advisors | 1.4M | $238.86M |
JPM JPMorgan Chase & Co. | 1.33M | $261.38M |
Geode Capital Management | 1.32M | $260.55M |
First Trust Advisors | 1.3M | $256.14M |
Charles Schwab Investment Management | 1.07M | $209.99M |
Dimensional Fund Advisors | 1.05M | $206.21M |
Ariel Investments | 1.02M | $200.61M |
Financial report summary
?Competition
DoverManagement Discussion
- Net sales of $1,136.6 million in the second quarter of 2022 increased $55.2 million, or 5.1%, from 2021 levels, reflecting an $87.6 million, or 8.4%, organic gain, partially offset by $32.4 million of unfavorable foreign currency translation.
- Gross profit of $553.5 million in the second quarter of 2022 increased $10.4 million, or 1.9%, compared to $543.1 million last year. Gross margin (gross profit as a percentage of net sales) of 48.7% in the quarter declined 150 basis points (100 basis points (“bps”) equals 1.0 percent) from the second quarter of 2021 primarily due to higher material and other costs, partially offset by higher sales volumes and pricing actions, benefits from the company’s “Rapid Continuous Improvement” or “RCI” initiatives, and 30 bps of favorable foreign currency effects.
- Snap-on’s RCI initiatives employ a structured set of tools and processes across multiple businesses and geographies intended to eliminate waste and improve operations. Savings from Snap-on’s RCI initiatives reflect benefits from a wide variety of ongoing efficiency, productivity and process improvements, including savings generated from product design cost reductions, improved manufacturing line set-up and change-over practices, lower-cost sourcing initiatives and facility consolidations. Unless individually significant, it is not practicable to disclose each RCI activity that generated savings and/or segregate RCI savings embedded in sales volume increases.
Content analysis
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H.S. freshman Avg
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Removed:
preliminary
Financial reports
Current reports
8-K
Results of Operations and Financial Condition
21 Jul 22
8-K
Submission of Matters to a Vote of Security Holders
29 Apr 22
8-K
Results of Operations and Financial Condition
21 Apr 22
8-K
Results of Operations and Financial Condition
3 Feb 22
8-K
Results of Operations and Financial Condition
21 Oct 21
8-K
Results of Operations and Financial Condition
22 Jul 21
8-K
Departure of Directors or Certain Officers
30 Apr 21
8-K
Results of Operations and Financial Condition
22 Apr 21
8-K
Departure of Directors or Certain Officers
14 Apr 21
8-K
Results of Operations and Financial Condition
4 Feb 21
Registration and prospectus
424B5
Prospectus supplement for primary offering
7 Apr 22
424B5
Prospectus supplement for primary offering
10 Dec 21
S-3ASR
Automatic shelf registration
9 Dec 21
S-8
Registration of securities for employees
9 Dec 21
424B5
Prospectus supplement for primary offering
28 Apr 20
FWP
Free writing prospectus
27 Apr 20
424B5
Prospectus supplement for primary offering
27 Apr 20
424B5
Prospectus supplement for primary offering
10 Dec 18
S-3ASR
Automatic shelf registration
10 Dec 18
8-A12B/A
Registration of securities on exchange (amended)
10 Dec 18
Other
SD
Conflict minerals disclosure
27 May 22
UPLOAD
Letter from SEC
24 Jan 22
CORRESP
Correspondence with SEC
8 Dec 21
UPLOAD
Letter from SEC
25 Oct 21
CORRESP
Correspondence with SEC
6 Oct 21
UPLOAD
Letter from SEC
22 Sep 21
SD
Conflict minerals disclosure
28 May 21
SD
Conflict minerals disclosure
29 May 20
SD
Conflict minerals disclosure
31 May 19
SD
Conflict minerals disclosure
31 May 18
Ownership
4
Snap-on / Timothy L Chambers ownership change
17 Aug 22
4
Snap-on / NICHOLAS T PINCHUK ownership change
12 Aug 22
4
Snap-on / Jesus Arregui ownership change
5 Aug 22
4
Snap-on / JAMES P HOLDEN ownership change
1 Aug 22
11-K
Annual report of employee stock purchases
16 Jun 22
4
Snap-on / NICHOLAS T PINCHUK ownership change
2 Jun 22
4
Snap-on / JAMES P HOLDEN ownership change
2 May 22
4/A
Snap-on / Aldo John Pagliari ownership change
15 Feb 22
4
Snap-on / Timothy L Chambers ownership change
14 Feb 22
4
Snap-on / Aldo John Pagliari ownership change
14 Feb 22
Patents
Utility
Dead Blow Slide Hammer
18 Aug 22
A dead blow slide hammer body with a through bore that receives and slides on a shaft.
Utility
Wheel aligner with advanced diagnostics and no-stop positioning
9 Aug 22
A vehicle wheel alignment system has a plurality of cameras, each camera for viewing a respective target disposed at a respective wheel of the vehicle and capturing image data of the target as the wheel and target are continuously rotated a number of degrees of rotation without a pause.
Utility
Method and system for modifying web page based on tags associated with content file
9 Aug 22
A method includes receiving a web-page with a search bar and a first set of card(s) including file(s) of a first set of content files.
Utility
PCB with integrated switches
9 Aug 22
A printed circuit board (PCB) for motor and display control of a tool.
Utility
Dual Pawl Ratchet Mechanism
4 Aug 22
A ratchet mechanism of a ratchet wrench having a pawl carrier and first and second pawls.
Transcripts
2022 Q2
Earnings call transcript
21 Jul 22
2022 Q1
Earnings call transcript
21 Apr 22
2021 Q4
Earnings call transcript
3 Feb 22
2021 Q3
Earnings call transcript
21 Oct 21
2021 Q2
Earnings call transcript
22 Jul 21
2021 Q1
Earnings call transcript
22 Apr 21
2020 Q4
Earnings call transcript
4 Feb 21
2020 Q3
Earnings call transcript
22 Oct 20
2020 Q2
Earnings call transcript
31 Jul 20
2020 Q1
Earnings call transcript
21 Apr 20
Reddit threads
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17 Aug 22
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15 Aug 22
(7/21) Thursday's Pre-Market Stock Movers & News
21 Jul 22
Daily Discussion Thread - July 21st, 2022
21 Jul 22
Daily Discussion Thread - July 20th, 2022
20 Jul 22
Daily Discussion Thread - July 19th, 2022
19 Jul 22
Daily Discussion Thread - July 18th, 2022
18 Jul 22