Company profile

Ticker
SNA
Exchange
Website
CEO
Nicholas T. Pinchuk
Employees
Incorporated in
Location
Fiscal year end
Former names
Snap On Inc, Snap On Tools Corp
SEC CIK
IRS number
390622040

SNA stock data

(
)

Calendar

21 Apr 20
9 Jul 20
2 Jan 21

News

Company financial data Financial data

Quarter (USD) Mar 20 Dec 19 Sep 19 Jun 19
Revenue 938.1M 1.04B 985.9M 1.04B
Net income 137.2M 170.6M 164.6M 180.4M
Diluted EPS 2.49 3.08 2.96 3.22
Net profit margin 14.63% 16.42% 16.70% 17.42%
Operating income 195.8M 233.6M 228.7M 250.5M
Net change in cash 1.3M 17M 3.5M 7.6M
Cash on hand 185.8M 184.5M 167.5M 164M
Cost of revenue

Financial data from Snap-On earnings reports

Date Owner Security Transaction Code 10b5-1 $Price #Shares $Value #Remaining
18 Jun 20 Pinchuk Nicholas T Common Stock Sell Dispose S Yes 135.9932 506 68.81K 519,896.722
18 Jun 20 Pinchuk Nicholas T Common Stock Sell Dispose S Yes 134.4975 10,962 1.47M 537,562.722
18 Jun 20 Pinchuk Nicholas T Common Stock Option exercise Aquire M Yes 58.94 41,700 2.46M 548,524.722
18 Jun 20 Pinchuk Nicholas T Stock Option Common Stock Option exercise Dispose M Yes 58.94 41,700 2.46M 83,300
18 Jun 20 Pinchuk Nicholas T Common Stock Sell Dispose S Yes 135.3804 17,160 2.32M 520,402.722
30 Apr 20 James P Holden Common Stock Grant Aquire A No 130.29 230 29.97K 22,984.591
30 Apr 20 Stebbins Donald J Deferred Stock Units Common Stock Grant Aquire A No 130.29 287 37.39K 3,748.958
13 Feb 20 Thomas J Ward Common Stock Payment of exercise Dispose F No 155.34 841 130.64K 44,667.238
13 Feb 20 Thomas J Ward Common Stock Option exercise Aquire M No 0 1,979 0 45,508.238
13 Feb 20 Thomas J Ward Performance Units Common Stock Grant Aquire A No 0 2,947 0 2,947
92.7% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 535 579 -7.6%
Opened positions 67 83 -19.3%
Closed positions 111 60 +85.0%
Increased positions 185 202 -8.4%
Reduced positions 205 194 +5.7%
13F shares
Current Prev Q Change
Total value 46.95B 67.5B -30.4%
Total shares 50.36M 52.36M -3.8%
Total puts 86.8K 82.4K +5.3%
Total calls 85.8K 388.9K -77.9%
Total put/call ratio 1.0 0.2 +377.5%
Largest owners
Shares Value Change
Vanguard 6.36M $691.91M +2.2%
BLK BlackRock 4.74M $516.03M +4.4%
BAC Bank of America 3.05M $331.96M -21.0%
STT State Street 2.4M $261.22M -4.5%
JPM JPMorgan Chase & Co. 1.86M $202.6M +0.4%
Caisse De Depot Et Placement Du Quebec 1.4M $152.73M +34.3%
Geode Capital Management 1.03M $111.94M +2.7%
N Price T Rowe Associates 1.02M $110.92M -17.0%
Cooke & Bieler 986.47K $107.35M -1.9%
Ariel Investments 984.19K $107.1M +0.5%
Largest transactions
Shares Bought/sold Change
BAC Bank of America 3.05M -809.21K -21.0%
Confluence Investment Management 834.42K +690.93K +481.5%
Norges Bank 0 -615.82K EXIT
FIL 323.6K -610.45K -65.4%
Wellington Management 324.8K -371.34K -53.3%
Caisse De Depot Et Placement Du Quebec 1.4M +358.4K +34.3%
Gates Capital Management 0 -312.67K EXIT
Fenimore Asset Management 0 -301.98K EXIT
Advisor 285.23K +285.23K NEW
Arrowstreet Capital, Limited Partnership 54.96K -270.92K -83.1%

Financial report summary

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Competition
Dover
Management Discussion
  • Net sales of $852.2 million in the first quarter of 2020, reflecting a $62.7 million, or 6.9%, decrease in organic sales and $10.3 million of unfavorable foreign currency translation, partially offset by $3.5 million of acquisition-related sales, compared to $921.7 million in 2019. The decline in sales volume primarily reflects the impact of economic uncertainty associated with the COVID-19 pandemic in the first quarter of 2020.
  • Gross profit of $421.6 million in the first quarter of 2020, including $5.1 million of exit and disposal (“restructuring”) costs and $6.1 million of unfavorable foreign currency effects, compared to $471.6 million in 2019. Gross margin (gross profit as a percentage of net sales) of 49.5% in the quarter declined 170 basis points (100 basis points (“bps”) equals 1.0 percent) from last year primarily due to the impact of lower sales volumes, as well as from higher sales in lower gross margin businesses, costs associated with COVID-19-related operating disruptions, 60 bps from costs related to restructuring actions, primarily in Europe, and 10 bps of unfavorable foreign currency effects. These decreases in gross margin were partially offset by benefits from the company’s “Rapid Continuous Improvement” or “RCI” initiatives.
  • 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.
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