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SNA Snap-on

Snap-On, Inc. engages in the manufacture and marketing of tools, equipment, diagnostics, repair information, and systems solutions for professional users performing critical tasks. Its Products and services include hand and power tools, tool storage, diagnostics software, handheld and PC-based diagnostic products, information and management systems, shop equipment and other solutions for vehicle dealerships and repair centers, as well as for customers in industries, such as aviation and aerospace, agriculture, construction, government and military, mining, natural resources, power generation and technical education. It operates through following segments: Commercial and Industrial Group; Snap-On Tools Group; Repair Systems and Information Group; and Financial Services. The Commercial and Industrial Group segment consists of business operations that serve the aerospace, natural resources, government, power generation, transportation and technical education markets. The Snap-On Tools Group segment includes business operations primarily serving vehicle service and repair technicians through worldwide mobile tool distribution channel. The Repair System and Information Group segment serves other professionals vehicle repair customers, primarily owners and managers of independent repair shops and original equipment manufacturer dealerships through direct and distributor channels. The Financial Services segment comprises of installment sales and lease contracts arising from franchisees' customers, and business loans and vehicle leases to franchisees. The company was founded by Joseph Johnson and William Seidemann in 1920 and is headquartered in Kenosha, WI.

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

11 Feb 21
13 Apr 21
2 Jan 22
Quarter (USD)
Jan 21 Sep 20 Jun 20 Mar 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
9 Apr 21 Thomas J Ward Common Stock Sell Dispose S No Yes 236.035 400 94.41K 45,543.423
9 Apr 21 Thomas J Ward Common Stock Sell Dispose S No Yes 235.1661 5,311 1.25M 45,943.423
9 Apr 21 Thomas J Ward Common Stock Option exercise Aquire M No Yes 155.92 5,711 890.46K 51,254.423
9 Apr 21 Thomas J Ward Stock Option Common Stock Option exercise Dispose M No Yes 155.92 5,711 890.46K 8,583
6 Apr 21 Thomas J Ward Common Stock Sell Dispose S No Yes 235.9198 1,231 290.42K 45,543.423
6 Apr 21 Thomas J Ward Common Stock Sell Dispose S No Yes 235.1264 12,160 2.86M 46,774.423
6 Apr 21 Thomas J Ward Common Stock Option exercise Aquire M No Yes 155.34 5,335 828.74K 58,934.423
6 Apr 21 Thomas J Ward Common Stock Option exercise Aquire M No Yes 155.92 8,056 1.26M 53,599.423
6 Apr 21 Thomas J Ward Stock Option Common Stock Option exercise Dispose M No Yes 155.34 5,335 828.74K 17,166
6 Apr 21 Thomas J Ward Stock Option Common Stock Option exercise Dispose M No Yes 155.92 8,056 1.26M 14,294

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

93.9% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 618 556 +11.2%
Opened positions 113 65 +73.8%
Closed positions 51 35 +45.7%
Increased positions 197 178 +10.7%
Reduced positions 212 215 -1.4%
13F shares
Current Prev Q Change
Total value 8.68B 7.71B +12.6%
Total shares 51.1M 49.63M +3.0%
Total puts 167.2K 87.1K +92.0%
Total calls 216.7K 120.7K +79.5%
Total put/call ratio 0.8 0.7 +6.9%
Largest owners
Shares Value Change
Vanguard 6.26M $1.07B -0.6%
BLK Blackrock 4.28M $732.75M -1.8%
STT State Street 2.51M $429.01M +4.6%
BAC Bank Of America 2.1M $360.02M -16.5%
JPM JPMorgan Chase & Co. 1.7M $290.87M -10.9%
Caisse De Depot Et Placement Du Quebec 1.4M $240.15M -6.9%
Managed Account Advisors 1.4M $238.86M NEW
TROW T. Rowe Price 1.39M $237.86M -4.0%
Dimensional Fund Advisors 1.23M $209.8M -1.5%
Ariel Investments 1.08M $184.52M +7.2%
Largest transactions
Shares Bought/sold Change
Managed Account Advisors 1.4M +1.4M NEW
Norges Bank 584.38K +584.38K NEW
Institutional Venture Management XV 500K +500K NEW
LSV Asset Management 985.32K +438.3K +80.1%
BAC Bank Of America 2.1M -415.84K -16.5%
RR Partners 0 -261.8K EXIT
Cooke & Bieler 668.71K -245.83K -26.9%
Arrowstreet Capital, Limited Partnership 64.94K -238.15K -78.6%
CMTDF Sumitomo Mitsui Trust 196.85K -210.08K -51.6%
JPM JPMorgan Chase & Co. 1.7M -208.29K -10.9%

Financial report summary

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Competition
Dover
Management Discussion
  • 2020 vs. 2019
  • Net sales of $3,592.5 million in 2020, reflecting a $140.9 million, or 3.8%, decrease in organic sales and $10.9 million of unfavorable foreign currency translation, partially offset by $14.3 million of acquisition-related sales, compared to $3,730.0 million in 2019. The lower sales volume is primarily due to decreased activity in the first half of the year as a result of the initial economic impact associated with the COVID-19 pandemic.
  • Gross profit of $1,748.5 million in 2020, including $7.1 million of restructuring costs, $6.2 million of direct costs associated with COVID-19 and $15.6 million of unfavorable foreign currency effects, compared to $1,844.0 million in 2019. Gross margin (gross profit as a percentage of net sales) of 48.7% in 2020 declined 70 basis points (100 basis points (“bps”) equals 1.0 percent) from last year primarily due to the impact of lower sales volumes, including costs to maintain manufacturing capacity, 20 bps from costs related to restructuring actions outside of the United States, 10 bps of direct costs associated with COVID-19 and 30 bps of unfavorable foreign currency effects. These decreases were partially offset by benefits from the company’s RCI initiatives.
Content analysis
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