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
Sector
Industry (SIC)
Former names
SNAP ON INC, SNAP ON TOOLS CORP
SEC CIK
Corporate docs
IRS number
390622040
SNA stock data
()
Press releases
Snap-on Incorporated to Webcast 2021 First Quarter Results Conference Call
8 Apr 21
Snap-on Acquires Dealer-FX Group, Inc.
8 Mar 21
Snap-on to Present at 2021 BofA Securities Consumer & Retail Technology Conference
3 Mar 21
Snap-on Incorporated Declares Quarterly Dividend
11 Feb 21
Snap-On, Inc. to Host Earnings Call
4 Feb 21
Calendar
11 Feb 21
13 Apr 21
2 Jan 22
Financial summary
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Financial data from Snap-on earnings reports.
Recent insider trades
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 |
Institutional ownership Q4 2020
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 |
---|---|
Total holders | 618 |
Opened positions | 113 |
Closed positions | 51 |
Increased positions | 197 |
Reduced positions | 212 |
13F shares |
Current |
---|---|
Total value | 8.68B |
Total shares | 51.1M |
Total puts | 167.2K |
Total calls | 216.7K |
Total put/call ratio | 0.8 |
Largest owners |
Shares | Value |
---|---|---|
Vanguard | 6.26M | $1.07B |
BLK Blackrock | 4.28M | $732.75M |
STT State Street | 2.51M | $429.01M |
BAC Bank Of America | 2.1M | $360.02M |
JPM JPMorgan Chase & Co. | 1.7M | $290.87M |
Caisse De Depot Et Placement Du Quebec | 1.4M | $240.15M |
Managed Account Advisors | 1.4M | $238.86M |
TROW T. Rowe Price | 1.39M | $237.86M |
Dimensional Fund Advisors | 1.23M | $209.8M |
Ariel Investments | 1.08M | $184.52M |
Financial report summary
?Competition
DoverManagement 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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H.S. freshman Avg
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New words:
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Removed:
absorb, Adelaide, affecting, allocate, analyzing, assign, assigned, backlog, bad, baht, Banbury, BTC, Bulletin, case, comparability, compute, Crewe, Delaware, disclosing, doubtful, element, existed, fulfilled, fundamental, gather, growing, grown, incomplete, issuable, Korean, leasing, Likewise, mechanical, migration, NAFTA, NM, nonperforming, portray, positive, precedent, precisely, provisional, Pty, reacquired, recognizing, referendum, reincorporated, renegotiated, repaid, replicated, retained, revaluation, royalty, SAB, salary, scope, stocked, TCS, Thai, transparency, undelivered, vendor, voted, VSOE, won
Financial reports
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
10-K
2018 FY
Annual report
14 Feb 19
10-Q
2018 Q3
Quarterly report
18 Oct 18
Current reports
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
8-K
Important Update for Snap-on Incorporated’s 2020 Annual Meeting of Shareholders
6 Apr 20
8-K
Results of Operations and Financial Condition
6 Feb 20
8-K
Results of Operations and Financial Condition
17 Oct 19
8-K
Entry into a Material Definitive Agreement
18 Sep 19
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
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
SD
Conflict minerals disclosure
29 May 14
Ownership
4
Snap-on / Thomas J Ward ownership change
12 Apr 21
4
Snap-on / Thomas J Ward ownership change
7 Apr 21
4
Snap-on / Richard K Strege ownership change
29 Mar 21
4
Snap-on / Aldo John Pagliari ownership change
12 Mar 21
4
Snap-on / June C Lemerand ownership change
10 Mar 21
4
Snap-on / Thomas J Ward ownership change
25 Feb 21
4
Snap-on / Richard K Strege ownership change
25 Feb 21
4
Snap-on / Richard Thomas Miller ownership change
25 Feb 21
4
Snap-on / Anup R Banerjee ownership change
25 Feb 21
4
Snap-on / Thomas J Ward ownership change
23 Feb 21
Patents
APP
Utility
Non-conductive Magnetic Retrieval Tool
8 Apr 21
A non-retrieval tool with a magnet connected a handle by a linkage assembly.
GRANT
Utility
Pivoting swivel illumination device
6 Apr 21
An illumination device having a body with attributes of a swivel/universal socket and/or typical ball-and-socket joint.
APP
Utility
Method and System for Outputting Diagnostic Content Based on Capability of Diagnostic Device Selected to Receive Content
1 Apr 21
Methods and apparatus are provided for repairing vehicles.
GRANT
Utility
Corner reinforcement gusset
30 Mar 21
A corner reinforcement gusset with a radial or other shaped cutout at an internal corner of the gusset.
GRANT
Utility
Hex driver
30 Mar 21
The present invention relates to tools, for example, hexagonal drivers and bits adapted to engage fasteners.
Transcripts
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
2018 Q4
Earnings call transcript
7 Feb 19
2018 Q3
Earnings call transcript
18 Oct 18
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