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Nicholas T. Pinchuk, the Chairman, President, and CEO of Snap-on Inc. (NYSE:SNA), has recently sold a significant portion of his holdings in the company. According to a Form 4 filing with the Securities and Exchange Commission, Pinchuk sold a total of 22,700 shares of Snap-on’s common stock on March 27, 2025. The shares were sold at prices ranging from $332.0525 to $338.06 per share, amounting to approximately $7.6 million in total. According to InvestingPro data, the company maintains impressive gross profit margins of 52% and shows strong financial health with a "GREAT" overall score.
The transactions were part of a pre-arranged trading plan under Rule 10b5-1, which allows company insiders to set up a predetermined plan to sell stocks in accordance with insider trading laws. This filing also revealed that Pinchuk exercised stock options to acquire 33,750 shares at a price of $138.03 per share, totaling about $4.7 million. With a current market capitalization of $17.6 billion and a P/E ratio of 17, InvestingPro analysis suggests the stock is trading near its Fair Value.
After these transactions, Pinchuk continues to hold a substantial stake in the company, with 793,931 shares owned directly. Snap-on, based in Kenosha, Wisconsin, is known for its high-quality tools and equipment, serving a variety of industries worldwide. The company boasts a strong financial position with a current ratio of 4.15 and has maintained dividend payments for 55 consecutive years. For deeper insights into Snap-on’s financial health and growth prospects, investors can access the comprehensive Pro Research Report available on InvestingPro.
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