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Snap-on (SNA)

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
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

Last 3 months

Calendar

21 Jul 22
20 Aug 22
31 Dec 22
Quarter (USD) Jul 22 Apr 22 Jan 22 Oct 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Jan 22 Jan 21 Dec 19 Dec 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
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

Beta Read what these cash burn values mean

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
23.7% owned by funds/institutions
13F holders Current Prev Q Change
Total holders 686 700 -2.0%
Opened positions 63 70 -10.0%
Closed positions 77 79 -2.5%
Increased positions 255 278 -8.3%
Reduced positions 249 228 +9.2%
13F shares Current Prev Q Change
Total value 9.19B 9.84B -6.6%
Total shares 46.79M 48.16M -2.8%
Total puts 59.4K 197.4K -69.9%
Total calls 41K 485.8K -91.6%
Total put/call ratio 1.4 0.4 +256.5%
Largest owners Shares Value Change
Vanguard 6.47M $1.28B +1.7%
BLK Blackrock 4.64M $914.06M -3.4%
STT State Street 2.24M $441.1M -3.4%
Managed Account Advisors 1.4M $238.86M 0.0%
JPM JPMorgan Chase & Co. 1.33M $261.38M -14.1%
Geode Capital Management 1.32M $260.55M +9.4%
First Trust Advisors 1.3M $256.14M -7.9%
Charles Schwab Investment Management 1.07M $209.99M +5.9%
Dimensional Fund Advisors 1.05M $206.21M -3.4%
Ariel Investments 1.02M $200.61M -9.8%
Largest transactions Shares Bought/sold Change
Steven Patrick Farmer 659.92K +659.92K NEW
AMP Ameriprise Financial 445.34K -528.92K -54.3%
LGEN Legal & General 0 -479.64K EXIT
Parametric Portfolio Associates 0 -260.3K EXIT
MS Morgan Stanley 679.76K +245.11K +56.4%
JPM JPMorgan Chase & Co. 1.33M -218.61K -14.1%
BLK Blackrock 4.64M -164.19K -3.4%
Intech Investment Management 148.14K +148.14K NEW
DekaBank Deutsche Girozentrale 315.72K +142.71K +82.5%
Natixis 2.6K -135.16K -98.1%

Financial report summary

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Competition
Dover
Management 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.

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