Midwest Trust 13F: Adds $3.1M to Snap-on (SNA) Stake
Key Points
- Midwest Trust boosted its position in Snap-on Incorporated by 38.8%, adding 8,497 shares to end with 30,418 shares valued at $11,052,380 according to an October 22, 2026 filing.
- Other institutional funds adjusted their holdings around the same period, including First Citizens Bank & Trust, which trimmed its position by 22.0% to hold 35,842 shares worth $13,023,190.
- Snap-on trades with a trailing twelve-month earnings per share of $18.96 and offers a dividend yielding 2.65%, while analysts maintain a consensus buy rating on the stock.
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In a filing on October 22, 2026, Midwest Trust disclosed it grew its investment in Snap-on Incorporated SNA by 8,497 shares. That move lifted its total holdings by 38.76% to 30,418 shares, with the reported value reaching $11,052,380. Form 13F filings submitted to the Securities and Exchange Commission provide a quarterly look at institutional investments, showing how major money managers adjust their portfolios. Snap-on closed at $356.46 on the day of the filing.
SNA
Snap-on Incorporated
Other Institutional Activity in Snap-on Incorporated
Institutional investors made notable adjustments to their Snap-on positions leading up to the report. First Citizens Bank & Trust reduced its holdings by 10,108 shares, ending with 35,842 shares worth about $13,023,190. First Trust Advisors LP grew its holdings by 37,205 shares, ending with 2,070,244 shares worth about $737,959,158. Nordea Investment Management AB grew its holdings by 19,780 shares, ending with 1,393,421 shares worth about $496,698,837. Earnest Partners LLC reduced its holdings by 14,297 shares, ending with 908,103 shares worth about $323,702,387.
Snap-on Incorporated Stock Holds Steady
Snap-on recently traded around $368.91 as of October 23, 2026, sitting above its event-day close of $356.46. The stock's recent price is 15.0% above its 52-week low of $320.80 and 12.8% below its 52-week high of $423.02.
Recent Earnings
Snap-on generated $5,274,899,680 in trailing-twelve-month revenue with earnings of $18.96 per share. The company posted a net profit margin of 19.6% and a return on equity of 17.9%.
Dividend
Snap-on pays an annual dividend rate of $9.76 per share, giving it a dividend yield of 2.65% based on a payout ratio of 48.2%.
Insider Buying and Selling at Snap-on Incorporated
Company insiders completed four transactions prior to the filing. Chief Technology Officer June C Lemerand sold 4,352 shares on August 11, 2026, valued at $1,800,261. Chief Financial Officer Aldo John Pagliari sold 5,531 shares on August 13, 2026, valued at $2,235,898. Chief Executive Officer Nicholas T Pinchuk sold 22,889 shares on August 18, 2026, valued at $9,148,509. Officer Marty V Ozolins sold 800 shares at a price of $400.00 on August 26, 2026, valued at $320,000.
Analysts Set New Price Targets
Wall Street firms updated their views on Snap-on over the summer and fall. On July 23, 2026, Roth Capital reiterated its buy rating with a $431.00 price target. The following day, Roth Capital reiterated a buy rating while lifting its target to $461.00. Tigress Financial maintained a buy rating on July 31, 2026, raising its target to $485.00. Barclays maintained an overweight rating on October 6, 2026, adjusting its target to $435.00. The stock carries a consensus buy rating and a mean price target of $409.11 across nine analyst opinions.
About Snap-on Incorporated
Headquartered in Kenosha, Wisconsin, Snap-on Incorporated builds and sells tools, diagnostic software, and repair equipment for professionals in industries like automotive and commercial repair. Founded over a century ago, the company operates various groups that supply hand tools, power tools, and business systems to technicians and shop owners around the globe.
Bottom Line
Midwest Trust's larger stake reflects ongoing portfolio adjustments by major institutions following recent earnings and insider transactions. Investors will monitor upcoming institutional reports and financial results to track how large funds position themselves in the industrial sector.
Related Filing Alerts
Source: Midwest Trust's 13F filing on $SNA (Oct 22, 2026). 13F filings show holdings as of the end of the reporting quarter and may not reflect the fund's current position. Written by software, not financial advice. How we make alerts