PACCAR Inc (NASDAQ:PCAR) announced a quarterly dividend on Monday, September 14th, RTT News reports. Stockholders of record on Tuesday, November 10th will be given a dividend of 0.32 per share on Tuesday, December 1st. This represents a $1.28 annualized dividend and a dividend yield of 1.49%. The ex-dividend date is Monday, November 9th.

PACCAR has raised its dividend by 129.5% over the last three years and has increased its dividend annually for the last 1 consecutive years.

NASDAQ PCAR opened at $85.77 on Wednesday. The company’s 50 day moving average is $86.67 and its 200-day moving average is $73.95. PACCAR has a 12-month low of $49.11 and a 12-month high of $91.30. The company has a quick ratio of 2.32, a current ratio of 2.48 and a debt-to-equity ratio of 0.76. The firm has a market cap of $29.69 billion, a P/E ratio of 18.09, a price-to-earnings-growth ratio of 2.52 and a beta of 1.11.

PACCAR (NASDAQ:PCAR) last posted its earnings results on Tuesday, July 21st. The company reported $0.43 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.31 by $0.12. The business had revenue of $2.70 billion for the quarter, compared to analyst estimates of $2.88 billion. PACCAR had a net margin of 7.95% and a return on equity of 16.85%. PACCAR’s revenue was down 56.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.78 EPS. Equities analysts expect that PACCAR will post 3.33 EPS for the current year.

In other PACCAR news, VP Alma Lily Ley sold 3,314 shares of the stock in a transaction on Thursday, July 30th. The shares were sold at an average price of $84.65, for a total transaction of $280,530.10. Following the completion of the sale, the vice president now owns 499 shares of the company’s stock, valued at approximately $42,240.35. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Harrie Schippers sold 4,000 shares of the stock in a transaction on Friday, July 24th. The shares were sold at an average price of $86.04, for a total transaction of $344,160.00. Following the sale, the chief financial officer now directly owns 41,515 shares of the company’s stock, valued at approximately $3,571,950.60. The disclosure for this sale can be found here. Insiders have sold a total of 26,888 shares of company stock valued at $2,300,018 in the last three months. 2.18% of the stock is currently owned by corporate insiders.

A number of analysts recently weighed in on PCAR shares. Deutsche Bank upped their target price on shares of PACCAR from $95.00 to $108.00 and gave the stock a “buy” rating in a report on Wednesday, July 22nd. Cowen raised shares of PACCAR to a “hold” rating and upped their target price for the stock from $65.00 to $83.00 in a report on Wednesday, July 29th. Credit Suisse Group upped their target price on shares of PACCAR from $72.00 to $87.00 and gave the stock a “neutral” rating in a report on Wednesday, July 22nd. BidaskClub cut shares of PACCAR from a “hold” rating to a “sell” rating in a research note on Thursday, August 27th. Finally, Raymond James boosted their price target on shares of PACCAR from $95.00 to $100.00 and gave the stock a “strong-buy” rating in a research note on Thursday, September 3rd. Three analysts have rated the stock with a sell rating, ten have issued a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. PACCAR presently has a consensus rating of “Hold” and a consensus price target of $85.57.

PACCAR Company Profile

PACCAR Inc designs, manufactures, and distributes light, medium, and heavy-duty commercial trucks in the United States, Europe, and internationally. The company operates in three segments: Truck, Parts, and Financial Services. The Truck segment designs, manufactures, and distributes trucks that are used for the over-the-road and off-highway hauling of commercial and consumer goods.

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Dividend History for PACCAR (NASDAQ:PCAR)

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