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
Sector
Industry (SIC)
Former names
SNAP ON INC, SNAP ON TOOLS CORP
SEC CIK
Corporate docs
IRS number
390622040
SNA stock data
()
Calendar
22 Jul 21
31 Jul 21
1 Jan 22
Financial summary
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 | |||||
| Change in cash | |||||
| Diluted EPS |
Annual (USD) |
Jan 21 | Dec 19 | Dec 18 | Dec 17 | |
|---|---|---|---|---|---|
| Revenue | |||||
| Cost of revenue | |||||
| Operating income | |||||
| Operating margin | |||||
| Net income | |||||
| Net profit margin | |||||
| Cash on hand | |||||
| Change in cash | |||||
| Diluted EPS |
Financial data from Snap-on earnings reports.
Recent insider trades
| 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 |
Institutional ownership Q1 2021
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 |
|---|---|
| Total holders | 644 |
| Opened positions | 93 |
| Closed positions | 70 |
| Increased positions | 209 |
| Reduced positions | 236 |
13F shares |
Current |
|---|---|
| Total value | 11.05B |
| Total shares | 48.25M |
| Total puts | 83.6K |
| Total calls | 210.8K |
| Total put/call ratio | 0.4 |
Largest owners |
Shares | Value |
|---|---|---|
| Vanguard | 6.23M | $1.44B |
| BLK Blackrock | 4.34M | $1B |
| STT State Street | 2.46M | $568.23M |
| BAC Bank Of America | 1.81M | $418.02M |
| JPM JPMorgan Chase & Co. | 1.68M | $387.65M |
| Managed Account Advisors | 1.4M | $238.86M |
| TROW T. Rowe Price | 1.39M | $320.71M |
| Dimensional Fund Advisors | 1.22M | $280.39M |
| Geode Capital Management | 1.07M | $247.03M |
| Caisse De Depot Et Placement Du Quebec | 1.07M | $246.92M |
Financial report summary
?Competition
DoverManagement 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
?
| Positive | ||
| Negative | ||
| Uncertain | ||
| 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
Financial reports
10-Q
2021 Q2
Quarterly report
22 Jul 21
10-Q
2021 Q1
Quarterly report
22 Apr 21
10-K
2020 FY
Annual report
11 Feb 21
10-Q
2020 Q3
Quarterly report
22 Oct 20
10-Q
2020 Q2
Quarterly report
31 Jul 20
10-Q
2020 Q1
Quarterly report
21 Apr 20
10-K
2019 FY
Annual report
13 Feb 20
10-Q
2019 Q3
Quarterly report
17 Oct 19
10-Q
2019 Q2
Quarterly report
18 Jul 19
10-Q
2019 Q1
Quarterly report
18 Apr 19
Current reports
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
8-K
Results of Operations and Financial Condition
22 Oct 20
8-K
Sequential monthly improvements within the quarter
31 Jul 20
8-K
Entry into a Material Definitive Agreement
30 Apr 20
8-K
Submission of Matters to a Vote of Security Holders
24 Apr 20
8-K
Results of Operations and Financial Condition
21 Apr 20
Registration and prospectus
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
424B5
Prospectus supplement for primary offering
20 Feb 18
424B5
Prospectus supplement for primary offering
19 Feb 18
FWP
Free writing prospectus
19 Feb 18
424B5
Prospectus supplement for primary offering
27 Feb 17
Proxies
DEFA14A
Additional proxy soliciting materials
18 Mar 21
DEF 14A
Definitive proxy
11 Mar 21
DEFA14A
Additional proxy soliciting materials
6 Apr 20
DEF 14A
Definitive proxy
10 Mar 20
DEF 14A
Definitive proxy
10 Mar 19
DEF 14A
Definitive proxy
12 Mar 18
DEF 14A
Definitive proxy
9 Mar 17
DEF 14A
Definitive proxy
10 Mar 16
DEF 14A
Definitive proxy
11 Mar 15
DEF 14A
Definitive proxy
10 Mar 14
Other
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
SD
Conflict minerals disclosure
30 May 17
SD
Conflict minerals disclosure
30 May 16
UPLOAD
Letter from SEC
12 Aug 15
CORRESP
Correspondence with SEC
29 Jul 15
UPLOAD
Letter from SEC
22 Jul 15
SD
Conflict minerals disclosure
28 May 15
Ownership
3
Snap-on / MARTY V. OZOLINS ownership change
8 Jul 21
11-K
Annual report of employee stock purchases
25 Jun 21
4
Snap-on / Aldo John Pagliari ownership change
11 Jun 21
4
Snap-on / Iain Boyd ownership change
7 May 21
4
Snap-on / Aldo John Pagliari ownership change
5 May 21
4
Snap-on / Richard Thomas Miller ownership change
5 May 21
4
Snap-on / NICHOLAS T PINCHUK ownership change
4 May 21
4
Snap-on / DONALD J STEBBINS ownership change
4 May 21
4
Snap-on / JAMES P HOLDEN ownership change
4 May 21
4
Snap-on / Richard K Strege ownership change
29 Apr 21
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.
Transcripts
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
2019 Q4
Earnings call transcript
6 Feb 20
2019 Q3
Earnings call transcript
17 Oct 19
2019 Q2
Earnings call transcript
18 Jul 19
2019 Q1
Earnings call transcript
18 Apr 19
Reddit threads
Is there any redundancy here?
28 Jul 21
Is there any redundancy here?
28 Jul 21
Redditors who work at publicly traded companies, would you buy stock in your company?
25 Jul 21
Daily Discussion Thread - July 22nd, 2021
22 Jul 21
Daily Discussion Thread - July 21st, 2021
21 Jul 21
Daily Discussion Thread - July 20th, 2021
20 Jul 21
Daily Discussion Thread - July 19th, 2021
19 Jul 21
Here is How I Built My Dream Dividend/Growth Portfolio with 84 Stocks – And How I’ve Included Index Funds and ETFs in My Strategy
18 Jul 21
Recession proof dividends stocks?
28 Jun 21
What stocks do you hate but they make money anyway?
27 Jun 21