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Snap-on Inc

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Morningstar Rating for Stocks Fair Value Economic Moat Capital Allocation

We See Near-Term Challenges Ahead for Snap-on but Remain Positive on Long-Term Prospects

Business Strategy and Outlook

Snap-on provides premium tools to vehicle repair shops and industrial customers. We believe it will continue to be the top player in the tool industry. The company benefits from a strong brand reputation among repair technicians. Customers value Snap-on’s high-quality and strong-performing products, in addition to its high-touch mobile van network. Snap-on’s tools and diagnostic products help customers complete repairs faster, improving productivity. We think customers will continue to pay up for Snap-on’s tool durability, convenience, and flexible financing options.

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