Ameriprise Financial Trims Stake in Snap-On

Institutional investor reduces holdings in tool manufacturer by 3.5% in Q3

Mar. 17, 2026 at 7:08am

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Ameriprise Financial Inc. reduced its position in Snap-On Incorporated (NYSE:SNA) by 3.5% in the third quarter, according to a recent 13F filing with the Securities and Exchange Commission. The institutional investor now owns 773,208 shares of the company's stock, valued at around $267.9 million.

Why it matters

Ameriprise Financial's move to trim its stake in Snap-On provides insight into the investment strategy of one of the company's major institutional shareholders. Tracking changes in ownership of publicly traded companies can offer clues about market sentiment and potential future performance.

The details

According to the 13F filing, Ameriprise Financial sold 27,738 shares of Snap-On stock during the third quarter. The firm now owns approximately 1.49% of the tool manufacturer's outstanding shares. Snap-On is a designer, manufacturer and marketer of tools, diagnostic equipment, repair information and shop equipment for professional users.

  • Ameriprise Financial reduced its Snap-On holdings in the third quarter of 2026.

The players

Ameriprise Financial Inc.

An American financial services company that provides financial planning, asset management and insurance products and services.

Snap-On Incorporated

A designer, manufacturer and marketer of tools, diagnostic equipment, repair information and shop equipment for professional users.

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The takeaway

Ameriprise Financial's decision to trim its Snap-On stake suggests the investment firm may be taking a more cautious stance on the tool manufacturer's near-term prospects, even as the company continues to maintain a sizable position in the stock.