Snap-On is a leading manufacturer and retailer of tools, diagnostic equipment, and repair solutions aimed primarily at the automotive, aerospace, and industrial sectors
The company offers a wide range of high-quality products including hand tools, power tools, tool storage systems, and software for vehicle diagnostics and repair. Snap-On is known for its innovative designs and commitment to precision, making it a trusted partner for professional technicians and mechanics. Additionally, the company provides training and support services to ensure customers can maximize the efficiency and effectiveness of their tool usage.
Since March 2020, the S&P 500 has delivered a total return of 113%. But one standout stock has nearly doubled the market - over the past five years, Snap-on has surged 201% to $327.91 per share. Its momentum hasn’t stopped as it’s also gained 13.2% in the last six months, beating the S&P by 17.3%.
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Professional tools and equipment manufacturer Snap-on (NYSE:SNA) missed Wall Street’s revenue expectations in Q4 CY2024, with sales falling 7.4% year on year to $1.20 billion. Its GAAP profit of $4.82 per share was 0.5% above analysts’ consensus estimates.
The end of the earnings season is always a good time to take a step back and see who shined (and who not so much). Let’s take a look at how professional tools and equipment stocks fared in Q3, starting with Fortive (NYSE:FTV).
As the Q3 earnings season wraps, let’s dig into this quarter’s best and worst performers in the professional tools and equipment industry, including Snap-on (NYSE:SNA) and its peers.
Earnings results often indicate what direction a company will take in the months ahead. With Q3 behind us, let’s have a look at Nordson (NASDAQ:NDSN) and its peers.
The end of the earnings season is always a good time to take a step back and see who shined (and who not so much). Let’s take a look at how professional tools and equipment stocks fared in Q3, starting with Stanley Black & Decker (NYSE:SWK).
Snap-on’s 30.1% return over the past six months has outpaced the S&P 500 by 20.5%, and its stock price has climbed to $347.99 per share. This was partly due to its solid quarterly results, and the performance may have investors wondering how to approach the situation.
The end of the earnings season is always a good time to take a step back and see who shined (and who not so much). Let’s take a look at how professional tools and equipment stocks fared in Q3, starting with ESAB (NYSE:ESAB).
