SNA Stock Summary and Trading Ideas (Snap-On | NYSE:SNA)

Snap-on manufactures premium tools and software for repair professionals. Hand tools are sold through a franchisee-operated mobile van network that serve auto technicians who purchase tools at their own expense. A unique element of its business model is that franchisees bear significant risk, as they must invest in the mobile van, inventory, and software. At the same time, franchisees extend personal credit directly to technicians on an individual tool basis. Snap-on currently operates three segments: repair systems and information, commercial and industrial, and tools. Its finance arm provides financing to franchisees to run their operations, which includes offering loans and leases for mobile vans.

Snap-On trades on the NYSE stock market under the symbol SNA.

As of April 22, 2024, SNA stock price declined to $268.56 with 359,833 million shares trading.

SNA has a beta of 0.90, meaning it tends to be less sensitive to market movements. SNA has a correlation of 0.20 to the broad based SPY ETF.

SNA has a market cap of $14.16 billion. This is considered a Large Cap stock.

Last quarter Snap-On reported $1 billion in Revenue and $4.75 earnings per share. This fell short of revenue expectation by $-18 million and exceeded earnings estimates by $.11.

In the last 3 years, SNA stock traded as high as $298.49 and as low as $190.08.

The top ETF exchange traded funds that SNA belongs to (by Net Assets): VTI, VOO, VO, SCHD, RDVY.

SNA has underperformed the market in the last year with a price return of +14.9% while the SPY ETF gained +22.3%. SNA has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -5.7% and -8.3%, respectively, while the SPY returned +3.9% and -3.6%, respectively.

SNA support price is $266.08 and resistance is $271.52 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that SNA stock will trade within this expected range on the day.