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Kenosha, Wisconsin-based Snap-on Incorporated (SNA) is a designer, manufacturer, and marketer of tools and equipment for professional use in the transportation industry. With a market cap of $14.9 billion, Snap-on operates through Commercial & Industrial Group, Snap-on Tools Group, Repair Systems & Information Group, and Financial Services segments.
Shares of the tools and equipment manufacturer have underperformed the broader market over the past year. Over the past 52 weeks, SNA stock gained 6.6% compared to the S&P 500 Index’s ($SPX) 27.7% returns. In 2024, SNA dipped 2.3% versus SPX’s 18% gains on a YTD basis.