Snap-on Inc

SNA: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$845.00	Hlqgvbq	Blcvcgx

Snap-on Continues to Post Solid Performance, Thanks to Its Automotive Tools Business

Dawit Woldemariam

Feb 2, 2023

Business Strategy and Outlook

Snap-on provides premium tools to vehicle repair shops and industrial customers. We believe Snap-on will continue to be the top player in the tools 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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We sell different types of products and services to both investment professionals and individual investors. These products and services are usually sold through license agreements or subscriptions. Our investment management business generates asset-based fees, which are calculated as a percentage of assets under management. We also sell both admissions and sponsorship packages for our investment conferences and advertising on our websites and newsletters.

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United States