Snap-on Incorporated · SNA · FY2025 Q2 · Calendar Q3 2025
Snap-on Holds Margins as New Products Offset Uneven Demand
The supplied analysis supports a cautiously constructive view: product launches, automotive-repair demand and efficiency initiatives are helping offset uneven sales, but the durability of growth remains dependent on demand, tariff and FX conditions.
Earnings scorecard
Reported versus consensusMarket reaction
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Transcript intelligence
What changed
Compared with the prior quarter, management's tone improved from cautious to confident. The focus broadened from lower-priced, quick-payback products and software traction to a wider set of new launches, the Triton platform, efficiency initiatives and selective acquisitions; tariff, FX and regional-demand risks persisted.
Guidance delta
Maintained; no new numerical guidance change was identified in the supplied analysis.
Key takeaways
- Management described flat sales with a modest organic decline, while gross margin remained resilient.
- The product mix is shifting toward shorter-payback tools and diagnostics, including the Triton platform.
- International and project-related demand remain uneven, with tariff and geopolitical risks still central.
- The quarter's tone was more confident than the prior quarter, but financial-services and collision-repair weakness remain concerns.
Management priorities
- Launch additional hand-tool and torque-multiplier models
- Expand the Triton diagnostic platform and related software
- Maintain planned capital investment and share-repurchase capacity
- Pursue selective acquisitions in repair-shop services and critical industries
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Analyst 52W Price Targets
Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Oct 9, 2026. Not an FN2 forecast.
Firm-level rating actions
FMP grade actions identify the grading firm, not a named analyst.
| Firm | Rating | Prior rating | Action | Date |
|---|---|---|---|---|
| Barclays | Overweight | Overweight | Maintain | Oct 6, 2026 |
| Tigress Financial | Buy | Buy | Maintain | Jul 31, 2026 |
| Roth Capital | Buy | Buy | Maintain | Jul 24, 2026 |
| Baird | Neutral | Neutral | Maintain | Apr 24, 2026 |
| Barrington Research | Outperform | Outperform | Maintain | Oct 15, 2025 |
| B of A Securities | Underperform | Underperform | Maintain | Jul 18, 2025 |
| Longbow Research | Buy | Neutral | Upgrade | Mar 31, 2025 |
| Roth MKM | Buy | Buy | Maintain | Oct 22, 2024 |
| Oppenheimer | Perform | Outperform | Downgrade | Dec 6, 2022 |
| MKM Partners | Neutral | Neutral | Maintain | Jun 10, 2022 |
| UBS | Sell | Sell | Maintain | Sep 16, 2020 |
| Bank of America | Neutral | Buy | Downgrade | Apr 16, 2019 |
| CL King | Buy | Buy | Maintain | Jun 28, 2016 |
| Northcoast Research | Buy | Buy | Maintain | Mar 18, 2015 |
| Wunderlich Securities | Buy | Buy | Maintain | Dec 2, 2014 |
| Wunderlich | Buy | Buy | Maintain | Dec 2, 2014 |
| Janney Montgomery Scott | Buy | Neutral | Upgrade | Sep 11, 2013 |
| Janney Capital | Buy | Neutral | Upgrade | Sep 11, 2013 |
Named analyst price targets
Upside is calculated against the persisted current price $360.6. FMP does not supply a rating on these named-analyst rows.
| Firm | Analyst | 52W target | Price when posted | Upside | Date |
|---|---|---|---|---|---|
| Barclays | Analyst unavailable | $435 | $367.4 | +20.6% | Oct 6, 2026 |
| Tigress Financial | Ivan Feinseth | $485 | $412.34 | +34.5% | Jul 31, 2026 |
| Roth Capital | Scott Stember | $461 | $400.78 | +27.8% | Jul 24, 2026 |
| Robert W. Baird | Luke Junk | $415 | $395.41 | +15.1% | Jul 24, 2026 |
| Barclays | Analyst unavailable | $420 | $372.13 | +16.5% | May 28, 2026 |
| Roth Capital | Scott Stember | $431 | $389.52 | +19.5% | Apr 24, 2026 |
| Robert W. Baird | Analyst unavailable | $395 | $390.75 | +9.5% | Apr 24, 2026 |
| Robert W. Baird | Luke Junk | $380 | $386.86 | +5.4% | Apr 21, 2026 |
| Roth Capital | Analyst unavailable | $409 | $369.01 | +13.4% | Feb 10, 2026 |
| Robert W. Baird | Luke Junk | $375 | $369.21 | +4.0% | Feb 6, 2026 |
| Robert W. Baird | Analyst unavailable | $370 | $366.63 | +2.6% | Jan 30, 2026 |
| Tigress Financial | Analyst unavailable | $405 | $345.96 | +12.3% | Oct 21, 2025 |
| Robert W. Baird | Analyst unavailable | $365 | $337.81 | +1.2% | Oct 17, 2025 |
| Roth Capital | Analyst unavailable | $385 | $340.8 | +6.8% | Oct 17, 2025 |
| Tigress Financial | Ivan Feinseth | $395 | $325.27 | +9.5% | Aug 29, 2025 |
| Robert W. Baird | Luke Junk | $347 | $337.94 | -3.8% | Jul 18, 2025 |
| Tigress Financial | Analyst unavailable | $390 | $334.08 | +8.2% | Mar 3, 2025 |
| CFRA | Jonathan Sakraida | $285 | $275.74 | -21.0% | Sep 10, 2024 |
| Tigress Financial | Ivan Feinseth | $336 | $273.47 | -6.8% | Jul 25, 2024 |
| Robert W. Baird | Luke Junk | $282 | $261.76 | -21.8% | Apr 19, 2024 |
| CFRA | Jonathan Sakraida | $265 | $294.63 | -26.5% | Apr 2, 2024 |
| Tigress Financial | Elizabeth Suzuki | $240 | $297.61 | -33.4% | Mar 11, 2024 |
| Tigress Financial | Analyst unavailable | $298 | $223.26 | -17.4% | Apr 26, 2022 |
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Start freeCompany context
Snapshot as of publicationSnap-on Incorporated, a global provider based in Kenosha, Wisconsin, specializes in the production and distribution of an extensive range of tools, equipment, diagnostic systems, and repair information solutions for professional users worldwide. The company operates through its Commercial & Industrial Group, Snap-on Tools Group, Repair Systems & Information Group, and Financial Services segments. Its comprehensive product portfolio includes a diverse selection of hand tools like wrenches, sockets, pliers, screwdrivers, cutting and pruning tools, and torque measuring instruments. Snap-on also supplies various power tools (cordless, pneumatic, hydraulic, and corded) and robust tool storage solutions such as chests and roll cabinets.…
Historical context
All SNA earningsIndustrials peers this season
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Sources
- Earnings call transcript and parsed analysis · 2026-05-11T10:29:34.698584+00:00
- FN2 earnings calendar · 2026-07-26T00:37:55.686058+00:00
- Polygon adjusted daily market bars · 2026-10-09T14:20:47.468296+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-10-09T14:20:47.465554+00:00
Methodology
Reported and consensus figures come from FN2's earnings event records. Market reaction and volume are calculated from daily adjusted bars around the event; abnormal move subtracts the SPY move over the same window.
Analyst target low, average, and high values are derived at request time from each named analyst's latest persisted FMP target. The current-price marker comes from FN2's persisted market snapshot. They are sell-side estimates, not an FN2 valuation or recommendation.
Transcript intelligence is a structured synthesis of the current and prior earnings-call analyses. Missing values stay missing and are never estimated.
By FN2 Research · Updated · As of 2026-10-09. For educational purposes only; not investment advice.