Industry Overview - The industrial tools sector is experiencing steady growth, driven by consumer demand for advanced technologies and durable equipment in the U.S. tools and machines market [1] - The global tools and machines market, including Snap-On's core operations, is projected to generate nearly $63.7 billion in revenue this year, with a compound annual growth rate of 5.91% from 2025 to 2030, potentially reaching about $84.89 billion by 2030 [1] Company Performance - Snap-On's board approved a 14% dividend increase, raising the quarterly payout to $2.44 per share, continuing a dividend streak since 1939 [2] - Despite a challenging environment, Snap-On's stock has dropped 4.9% over the past year but has gained 1.4% so far this year [4] - Snap-On's forward price-to-earnings ratio is 18.16x, lower than the sector average of 20.47x, indicating it is not overly expensive given the quality of its products [5] - The company has increased its dividend for 16 consecutive years, with the recent increase bringing the annualized yield to 2.49%, above the sector average of 1.89% [6] - Snap-On's third quarter 2025 net sales reached $1,190.8 million, up 3.8% from the previous year, supported by organic growth and favorable currency movements [7]