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SNA Snap-on

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
Former names
SNAP ON INC, SNAP ON TOOLS CORP
SEC CIK
IRS number
390622040

SNA stock data

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Calendar

22 Jul 21
31 Jul 21
1 Jan 22
Quarter (USD)
Jul 21 Apr 21 Jan 21 Sep 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
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Diluted EPS
Annual (USD)
Jan 21 Dec 19 Dec 18 Dec 17
Revenue
Cost of revenue
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Diluted EPS

Financial data from Snap-on earnings reports.

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
10 Jun 21 Aldo John Pagliari Common Stock Sell Dispose S No Yes 243.68 300 73.1K 60,955.384
10 Jun 21 Aldo John Pagliari Common Stock Sell Dispose S No Yes 242.21 500 121.11K 61,255.384
10 Jun 21 Aldo John Pagliari Common Stock Sell Dispose S No Yes 240.9357 2,812 677.51K 61,755.384
10 Jun 21 Aldo John Pagliari Common Stock Option exercise Aquire M No Yes 60 6,000 360K 64,567.384
10 Jun 21 Aldo John Pagliari Stock Option Common Stock Option exercise Dispose M No Yes 60 6,000 360K 18,000
7 May 21 Iain Boyd Common Stock Sell Dispose S No No 249.7105 5,202 1.3M 4,975.801
7 May 21 Iain Boyd Common Stock Sell Dispose S No No 248.9482 2,998 746.35K 10,177.801
7 May 21 Iain Boyd Common Stock Sell Dispose S No No 247.8318 1,100 272.61K 13,175.801
7 May 21 Iain Boyd Common Stock Sell Dispose S No No 246.3043 700 172.41K 14,275.801
7 May 21 Iain Boyd Common Stock Option exercise Aquire M No No 144.69 10,000 1.45M 14,975.801

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

89.2% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 644 621 +3.7%
Opened positions 93 116 -19.8%
Closed positions 70 51 +37.3%
Increased positions 209 197 +6.1%
Reduced positions 236 212 +11.3%
13F shares
Current Prev Q Change
Total value 11.05B 8.68B +27.3%
Total shares 48.25M 51.11M -5.6%
Total puts 83.6K 167.2K -50.0%
Total calls 210.8K 216.7K -2.7%
Total put/call ratio 0.4 0.8 -48.6%
Largest owners
Shares Value Change
Vanguard 6.23M $1.44B -0.5%
BLK Blackrock 4.34M $1B +1.3%
STT State Street 2.46M $568.23M -1.8%
BAC Bank Of America 1.81M $418.02M -13.9%
JPM JPMorgan Chase & Co. 1.68M $387.65M -1.2%
Managed Account Advisors 1.4M $238.86M 0.0%
TROW T. Rowe Price 1.39M $320.71M +0.0%
Dimensional Fund Advisors 1.22M $280.39M -0.9%
Geode Capital Management 1.07M $247.03M +0.3%
Caisse De Depot Et Placement Du Quebec 1.07M $246.92M -23.7%
Largest transactions
Shares Bought/sold Change
Cooke & Bieler 30.5K -638.21K -95.4%
Norges Bank 0 -584.38K EXIT
Institutional Venture Management XV 0 -500K EXIT
1832 Asset Management 436.34K +413.54K +1813.8%
Natixis 237.58K -370.1K -60.9%
Caisse De Depot Et Placement Du Quebec 1.07M -333.1K -23.7%
First Trust Advisors 691.81K +304.58K +78.7%
BAC Bank Of America 1.81M -292.01K -13.9%
AMP Ameriprise Financial 439.11K +180.91K +70.1%
Interval Partners 0 -169.86K EXIT

Financial report summary

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Competition
Dover
Management Discussion
  • Net sales of $1,081.4 million in the second quarter of 2021 increased $357.1 million, or 49.3% from 2020 levels, reflecting a $316.9 million, or 42.5%, organic gain, $19.6 million of acquisition-related sales and $20.6 million of favorable foreign currency translation.
  • Gross profit of $543.1 million in the second quarter of 2021 increased $201.9 million, or 59.2%, compared to $341.2 million last year. Gross margin (gross profit as a percentage of net sales) of 50.2% in the quarter improved 310 basis points (100 basis points (“bps”) equals 1.0 percent) from the second quarter of 2020 primarily due to higher sales volumes, 30 bps from lower costs related to $2.0 million of exit and disposal activities (“restructuring actions”) recorded in the second quarter of 2020 and benefits from the company’s “Rapid Continuous Improvement” or “RCI” initiatives, partially offset by 20 bps of unfavorable 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 optimization. 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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Positive
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Constraining
Legalese
Litigous
Readability
H.S. freshman Avg
New words: back, Canada, Deville, eligible, France, half, horticultural, located, ownership, pruning, revised, subsidiary, supplier, withdraw
Removed: absorbing, accommodated, assistance, cancellation, entity, liquidation, quarantined, reclassification, safely, turbulence

Patents

GRANT
Utility
Self-calibrating wheel aligner with improved portability
27 Jul 21
A portable vehicle alignment system has a vertical central column with a carriage movable along its length, and a pair of camera arms pivotably attached to the carriage, each with a camera pod.
GRANT
Utility
Method and system for providing scanner jobs on diagnostic tool
27 Jul 21
A diagnostic tool includes a processor, display, and memory storing instructions to perform scan tool functions (STF) including transmitting a message to a vehicle.
GRANT
Utility
Method and system for displaying images captured by a computing device including a visible light camera and a thermal camera
20 Jul 21
A system includes a processor and a memory storing program instructions.
GRANT
Utility
Method for determining spindle angles
13 Jul 21
The present invention relates to a method for determining spindle angles of a steerable wheel axle arrangement.
APP
Utility
Systems and Methods for Predictive Augmentation of Vehicle Service Procedures
8 Jul 21
An example method includes receiving a first service procedure including a plurality of procedural steps for servicing a vehicle, identifying at least one procedural step of the plurality of procedural steps to supplement with supplemental service information, receiving information about vehicles sharing one or more attributes with the vehicle, determining at least one piece of supplemental service information to supplement the at least one identified procedural step, and providing a supplemented service procedure comprising the first service procedure with the at least one piece of supplemental service information included with the at least one identified procedural step.