Snap-On Incorporated (NYSE:SNA) stock rated "Moderate Buy" by sell-side brokerages. October 27, 2026 Key points. * Analyst sentiment is favorable: Snap-On has a "Moderate Buy" consensus, with four buy ratings and one hold; the average 12-month price target is $434, implying potential upside from its $357.53 share price. * Recent quarterly results fell short of expectations: Snap-On reported $4.64 in EPS and $1.18 billion in revenue, missing estimates of $4.93 and $1.24 billion, respectively, while revenue declined 0.6% year over year. * Shareholder returns remain substantial: The company pays a $2.44 quarterly dividend, equivalent to a 2.7% annualized yield, while institutional investors own 84.88% of outstanding shares. * Tracking Snap-On through earnings season? MarketBeat All Access sends real-time alerts on ratings, earnings, and news - $149 a year, locked in for as long as you stay. Shares of Snap-On Incorporated (NYSE:SNA - Get Free Report) have been assigned an average rating of "Moderate Buy" from the five brokerages that are covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $434.00. A number of analysts recently issued reports on the company. Robert W. Baird set a $385.00 price objective on Snap-On in a research note on Friday. Tigress Financial raised their target price on Snap-On from $445.00 to $485.00 and gave the stock a "buy" rating in a research note on Friday, July 31st. Barclays cut their target price on Snap-On from $435.00 to $405.00 and set an "overweight" rating for the company in a research note on Monday. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Snap-On in a report on Thursday, October 15th. Finally, Roth Capital reiterated a "buy" rating and set a $461.00 price target (up from $409.00) on shares of Snap-On in a research report on Friday, July 24th. Snap-On trading up 0.1%. Shares of SNA stock opened at $357.53 on Tuesday. The stock has a market capitalization of $18.44 billion, a price-to-earnings ratio of 18.59, a PEG ratio of 2.40 and a beta of 0.71. The company's fifty day simple moving average is $374.77 and its two-hundred day simple moving average is $380.19. Snap-On has a 1 year low of $320.80 and a 1 year high of $423.02. The company has a debt-to-equity ratio of 0.14, a current ratio of 3.55 and a quick ratio of 2.71. Discover more MarketBeat All Access MarketBeat Research Tools Snap-On (NYSE:SNA - Get Free Report) last posted its quarterly earnings results on Thursday, October 22nd. The company reported $4.64 EPS for the quarter, missing analysts' consensus estimates of $4.93 by ($0.29). Snap-On had a return on equity of 16.77% and a net margin of 20.82%. The company had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.24 billion. During the same period in the previous year, the business earned $4.71 earnings per share. Snap-On's revenue was down .6% on a year-over-year basis. As a group, analysts anticipate that Snap-On will post 19.50 earnings per share for the current year. Snap-On dividend announcement. The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 10th. Stockholders of record on Wednesday, August 19th were given a $2.44 dividend. This represents a $9.76 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date was Wednesday, August 19th. Snap-On's dividend payout ratio (DPR) is 50.75%. Insider activity. In related news, VP Marty V. Ozolins sold 800 shares of the business's stock in a transaction that occurred on Wednesday, August 26th. The shares were sold at an average price of $400.00, for a total transaction of $320,000.00. Following the completion of the transaction, the vice president owned 1,526 shares of the company's stock, valued at approximately $610,400. The trade was a 34.39% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Aldo Pagliari sold 5,531 shares of the company's stock in a transaction that occurred on Thursday, August 13th. The stock was sold at an average price of $404.25, for a total transaction of $2,235,906.75. Following the sale, the chief financial officer directly owned 120,644 shares in the company, valued at $48,770,337. This trade represents a 4.38% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 29,220 shares of company stock worth $11,704,411. 3.80% of the stock is owned by company insiders. Institutional inflows and outflows. A number of hedge funds have recently made changes to their positions in SNA. Independence Bank of Kentucky purchased a new stake in shares of Snap-On in the third quarter worth $29,000. Viewpoint Investment Partners Corp boosted its stake in Snap-On by 50.0% during the third quarter. Viewpoint Investment Partners Corp now owns 900 shares of the company's stock valued at $327,000 after buying an additional 300 shares during the period. V Square Quantitative Management LLC grew its position in Snap-On by 13.5% during the third quarter. V Square Quantitative Management LLC now owns 1,542 shares of the company's stock worth $560,000 after buying an additional 184 shares in the last quarter. YANKCOM Partnership grew its position in Snap-On by 23.6% during the third quarter. YANKCOM Partnership now owns 1,537 shares of the company's stock worth $558,000 after buying an additional 293 shares in the last quarter. Finally, Wealth Enhancement Trust Services Inc. purchased a new stake in shares of Snap-On in the 3rd quarter valued at about $100,000. 84.88% of the stock is currently owned by hedge funds and other institutional investors. About Snap-On. Snap-on Incorporated is a manufacturer and distributor of professional tools, equipment, diagnostics, and related services. Its offerings include hand and power tools, tool storage, vehicle repair equipment, diagnostic systems, and repair information and management software. The company serves professional users who work in automotive repair, heavy-duty transportation, aviation, agriculture, construction, industrial production, government, and other technical fields. Snap-on markets products under the Snap-on brand and other brands, including Blue-Point, Bahco, and Williams. This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected]. Before you consider Snap-On, you'll want to hear this. MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Snap-On wasn't on the list. While Snap-On currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys. The AI wave will soon hit public markets with Anthropic and OpenAI set to go public later this year. 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Snap-on Q3 2026: $4.64 EPS falls 7.6% as diesel prices force franchisee destocking. Results at a glance. * Period - FY2026Q3 * Revenue - $1.3B * Net income - $243M * Net margin - 19.0% Snap-on (NYSE: SNA), the Kenosha, Wisconsin tools, equipment and diagnostics maker, reported third-quarter 2026 net earnings of $243.0 million, down 8.4% year over year, with diluted earnings per share of $4.64, down 7.6%. Net sales slipped 0.6% to $1,183.7 million on a 2.8% organic decline. The quarter had a clean villain: an "unprecedentedly accelerated rise in diesel prices" pushed mobile-van franchisees to cut inventories despite stable end demand from technicians - a channel destock that sank the Tools Group 7.0% organically and overwhelmed a record quarter in Commercial & Industrial. The year-over-year comparison also laps a one-off: Q3 2025 included a $22.0 million pretax ($16.2 million after-tax, $0.31 per share) benefit from a legal settlement. Excluding it, EPS fell about 1.5% rather than 7.6% - still down, but the shape of the quarter is a tale of two channels, not a collapsing franchise. The headline numbers. | Metric | Q3 2026 | Q3 2025 | 9M 2026 | 9M 2025 | | Net sales | $1,183.7M | $1,190.8M | $3,626.0M | $3,511.3M | | Financial services revenue | $98.6M | $101.1M | $299.4M | $304.9M | | Total revenue | $1,282.3M | $1,291.9M | $3,925.4M | $3,816.2M | | Gross margin | 51.0% | 50.9% | - | - | | Operating earnings (margin) | $316.4M (24.7%) | $347.4M (26.9%) | $971.6M | $988.1M | | Net earnings | $243.0M | $265.4M | $750.6M | $756.2M | | Diluted EPS | $4.64 | $5.02 | $14.30 | $14.24 | Gross margin actually ticked up to 51.0% - "gross margins hold strong" is the release's fair boast - so the entire earnings decline came from operating leverage running in reverse: operating expenses rose 8.6% to $355.5 million on lower sales. Nine-month diluted EPS of $14.30 is still up 0.4% on the year, which frames Q3 as a soft patch inside a flat year rather than a break in the story. Segments: A record and a destock. | Q3 segment | Sales | Organic | Op. earnings (margin) | | Commercial & Industrial | $404.3M (+10.0%) | +7.4% | $74.7M (18.5%) | | Snap-on Tools Group | $471.5M (−6.8%) | −7.0% | $84.8M (18.0%) | | Repair Systems & Information | $454.7M (−2.2%) | −5.5% | $116.1M (25.5%) | | Financial Services | $98.6M (−2.5%) | - | $68.3M (69.3%) | Commercial & Industrial is the quarter's hero: record-setting sales up 10.0% (7.4% organic, with gains "in each of the segment's operations"), operating earnings up 29.9% and margin expanding nearly three points to 18.5% on critical-industry and precision-torque demand. The Tools Group is the mirror image - $35.7 million of organic sales gone, margin down 3.7 points to 18.0%, entirely a franchisee-inventory story layered over "very stable" technician demand. That distinction matters: destocking reverses when diesel normalizes, while demand destruction does not. Repair Systems & Information looks weak (margin 25.5% vs 30.4%) until you remove the legal settlement from last year's base - underlying margin was 25.6%, essentially flat, with the sales decline concentrated in OEM dealership activity. Financial Services remains the annuity: $68.3 million of operating earnings at a 69.3% margin on slightly lower originations ($270.6 million, −1.3%). Segment sales sum above consolidated net sales because intersegment sales are eliminated in consolidation. The balance sheet: $1.67B of cash and a $300M note coming due. | Balance sheet | Oct 3, 2026 | Jan 3, 2026 | | Cash | $1,670.0M | $1,624.5M | | Finance + contract receivables (current + LT) | $2,393.2M | $2,442.1M | | Inventories | $1,079.6M | $1,025.2M | | Total assets | $8,661.0M | $8,412.3M | | Notes payable + current maturities | $317.9M | $16.2M | | Long-term debt | $887.2M | $1,186.4M | | Total equity | $6,119.9M | $5,956.8M | | Treasury shares | 15,884,955 | 15,594,254 | The balance sheet move to watch is the $300 million note sliding into current maturities - notes payable up to $317.9 million, long-term debt down to $887.2 million. With $1,670 million of cash, refinancing risk is nil; the question is only whether Snap-on repays or rolls it. Goodwill rose $116.8 million to $1,226.3 million on the acquisitions that contributed $25.6 million of Q3 sales - the company is buying growth while the core marks time. Capital return ran at the usual cadence: a $2.44 quarterly dividend ($126.1 million) plus 220,500 shares repurchased for $87.1 million - about $395 a share. Nine-month buybacks total roughly 290,700 shares; with earnings flat, the shrinking share count is doing real work holding nine-month EPS in positive territory. The multi-year arc: the $5.1 billion plateau. | Fiscal year | Revenue | Net earnings (Snap-on) | Diluted EPS | | FY2021 | $4,601.7M | $820.5M | $14.92 | | FY2022 | $4,842.5M | $911.7M | $16.82 | | FY2023 | $5,108.3M | $1,011.1M | $18.76 | | FY2024 | $5,108.4M | $1,043.9M | $19.51 | | FY2025 | $5,156.1M | $1,016.9M | $19.19 | Five years of ledger tell a two-act story: steady compounding through 2023, then a plateau - revenue has moved just $48 million in two years and EPS peaked at $19.51 in 2024. The business is not deteriorating; it is treading water, converting ~20% of revenue to net earnings with metronomic consistency (19.7%-20.4% in every year since 2022) and returning the surplus. Treasury stock has absorbed $989 million since FY2021 while the dividend compounded alongside - the shareholder return is the growth story now. The plateau also explains the acquisitions: $25.6 million of Q3 sales came from deals, and goodwill is up 10.5% year-to-date. When organic sales run −2.8%, bought growth is the only growth. The one big question: is the destock a quarter or a cycle? Everything in the bull case hangs on the release's single most important clause: franchisees cut inventories "despite very stable demand from their technician customers." If end demand is genuinely stable, the Tools Group snapback is mechanical - vans restock when diesel stops spiking, and the 18.0% margin has 3-4 points of easy recovery. Technician tools are a need-to-have purchase funded by the financing arm, and originations fell only 1.3%, which corroborates the demand story. The bear case is that diesel is the excuse, not the cause - that independent repair shops are themselves under pressure, that the −5.5% organic decline in RS&I's OEM-dealership business is the same weakness wearing a different uniform, and that two years of flat revenue say the franchise model is saturated. The tiebreaker prints monthly in franchisee inventory behavior, not quarterly in earnings: watch whether Tools Group sales stabilize next quarter without diesel relief. If they do, this quarter was weather. Tracking an $8.7 billion toolmaker balance sheet in plain text. A tool company's books are refreshingly tangible: $1,079.6 million of inventory on shelves and vans, $2,393.2 million of finance and contract receivables owed by franchisees and technicians, $563.7 million of plant - and $6,119.9 million of equity, every dollar reconciling to $8,661.0 million of assets across 19 accounts. This is how Beancount model every company. The Q3 income statement, exactly as filed (income negative, expenses positive, Snap-on-attributable net earnings absorbed by Equity:Adjustments): The verdict: bull vs. Bear. * Gross margin 51.0% with pricing power intact - the earnings miss is volume, not price. * Commercial & Industrial record quarter (+10.0%, margin 18.5%) diversifies away from the van. * Technician end demand "very stable" - destocking reverses; it is timing, not demand loss. * Ex-legal-settlement EPS down only ~1.5%, and 9M EPS still up 0.4% at $14.30. * $1,670M of cash covers the $300M maturing note five times over. * $2.44 quarterly dividend + steady buybacks pay shareholders through the plateau. * Tools Group −7.0% organic with margin down 3.7 points - the core franchise channel is shrinking. * Revenue flat for two years ($5,108M | $5,156M); growth now comes only from acquisitions. * RS&I −5.5% organic on OEM-dealership weakness - a second soft end market, not just diesel. * Operating expenses +8.6% on falling sales - negative operating leverage with no reaction yet. * Buybacks at ~$395 with flat earnings manufacture EPS rather than earn it. * Goodwill +10.5% YTD - bought growth raises the future impairment stakes.

Snap-on earnings fall as diesel-price surge prompts franchise inventory cuts. Reading Time: 2 mins read Snap-on reported lower third-quarter sales and earnings on October 22, saying a sharp rise in diesel prices prompted franchisees to reduce inventories in its mobile-van channel despite what management described as stable demand from technicians. The toolmaker, listed on the New York Stock Exchange under SNA, reported net sales of $1.1837 billion, down 0.6% from a year earlier. Organic sales declined 2.8%, partly offset by $25.6 million in acquisition-related sales. Net earnings attributable to Snap-on were $243 million, or $4.64 per diluted share, compared with $265.4 million, or $5.02 a share. The prior-year figure included a legal-settlement benefit of 31 cents a share. Chief Executive Nick Pinchuk said the inventory reduction weighed on the Tools Group and outweighed a record performance in the Commercial & Industrial Group. Tools Group organic sales fell 7%, while Commercial & Industrial organic sales increased 7.4%. The earnings figure was below the $4.93 analyst consensus cited by Investing.com. Its reported revenue consensus was $1.24 billion, also above the company's net-sales result. The quarter marked a reversal from the growth reported in Snap-on's July 23 second-quarter release. Net sales in that period increased 4.7% to $1.2351 billion, including 3% organic growth. Diluted earnings rose to $4.96 a share from $4.72 a year earlier. During the second quarter, Snap-on completed its acquisitions of Hi-Force Hydraulic Tools and Diesel Laptops, adding hydraulic-tool capabilities and diagnostic and repair-information products for commercial trucks and off-highway vehicles. The Wisconsin-based company sells tools and repair systems through franchisee vans, direct sales and distributors, and provides financing for product purchases and its franchise business. Its professional customers work in vehicle repair, aerospace, the military, natural resources and manufacturing, according to the company. Fuel-price changes can strain operating cash and inventory budgets for vehicle-based businesses, a problem examined in The FINANCIAL's October 12 analysis of fleet fuel costs. Support Independent Journalism Help The FINANCIAL continue delivering quality business and financial news.Support from as little as $1. If you can, please consider supporting us with a regular amount each month. Thank you