Barclays Cuts Snap-on (SNA) Price Target to $405
Key Points
- Barclays has adjusted its price target for Snap-on from $435 to $405, reflecting a cautious outlook amid recent performance.
- Barclays's $405 price target implies 13.17% upside from Snap-on Incorporated's ($SNA) current $357.88 share price.
- The stock closed at $359.78 on October 26, 2026, which is about 0.8% below its recent trading price of $357.02.
- Snap-on has a market cap of approximately $18.5 billion and a P/E ratio of 18.5, indicating a stable valuation in the industrial tools sector.
Since the rating, $SNA is up 0.1% to date (from the $357.88 close on Oct 26, 2026).
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On October 26, 2026, Barclays lowered its price target for Snap-on Incorporated (SNA) from $435 to $405 while maintaining an Overweight rating. This change comes as the company faces challenges reflected in its recent results, prompting the adjustment. The updated target indicates Barclays' continued confidence in the company's long-term potential despite current pressures.
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Snap-on Incorporated
Barclays vs. the S&P 500
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Barclays' Call on Snap-on
Barclays has shifted its price target for Snap-on from $435 to $405. The firm maintains an Overweight rating, suggesting it still expects the stock to perform better than the market average. This change in target reflects the company's recent performance and outlook, which may not have met earlier expectations.
Other Institutional Activity in Snap-on
Several other institutional investors have also made moves in Snap-on's stock. First Trust Advisors LP holds 2,070,244 shares worth about $744.8 million, having increased its position by 37,205 shares. Nordea Investment Management AB owns 1,393,421 shares valued at approximately $501.3 million, with a recent increase of 19,780 shares. Meanwhile, Earnest Partners LLC reduced its stake by 14,297 shares, ending with 908,103 shares valued at around $326.7 million.
Snap-on Incorporated Stock Up 0.4%
Snap-on's shares closed at $359.78 on October 26, 2026, which is about 0.8% below the recent trading price of $357.02. The stock is currently 15.6% below its 52-week high of $423.02 and trades below both its 50-day and 200-day moving averages by about 5% and 6%, respectively. This positioning suggests the stock could face some resistance as it seeks to regain its footing.
$SNA price target
Snap-on Incorporated daily closes and this analyst's $405 target. Not advice.
Recent Earnings
Snap-on reported trailing twelve-month revenue of approximately $5.27 billion and an EPS of $19.25. The company's net margin stands at 19.2%, and it has a return on equity of 17.3%. The next earnings report is scheduled for February 4, 2027, which will provide further insights into its financial health.
Insider Buying and Selling at Snap-on Incorporated
Since August 2026, several insiders have sold shares of Snap-on. Chief Technology Officer June C. Lemerand sold 4,352 shares, while Chief Financial Officer Aldo John Pagliari sold 5,531 shares. CEO Nicholas T. Pinchuk sold 22,889 shares, and Officer Marty V. Ozolins sold 800 shares. These transactions occurred before the recent analyst call and do not imply negative sentiment.
Analysts Set New Price Targets
On October 26, 2026, Barclays maintained its Overweight rating on Snap-on while reducing the price target to $405 from $435. The consensus from nine analysts suggests a buy recommendation, with a mean target price of about $404.11, indicating a potential upside for investors.
About Snap-on
Snap-on Incorporated manufactures and sells tools, equipment, and diagnostic systems for professional users globally. The company operates in several segments, including Commercial & Industrial and Repair Systems & Information. The recent adjustments in target price reflect its ongoing efforts to navigate market challenges.
Bottom Line
Investors should watch for Snap-on's upcoming earnings report on February 4, 2027, which could provide further clarity on its performance. The lowered price target from Barclays suggests a more cautious outlook, but the Overweight rating indicates ongoing confidence in the company's long-term prospects.
Related Filing Alerts
Source: Barclays's rating change on $SNA (Oct 26, 2026). Written by software, not financial advice. How we make alerts