PHINIA Inc. (NYSE:PHIN) Plans $0.30 Quarterly Dividend

PHINIA Inc. (NYSE:PHIN) declared a quarterly dividend on Friday, May 22nd. Stockholders of record on Tuesday, June 9th will be given a dividend of 0.30 per share on Tuesday, June 23rd. This represents a c) annualized dividend and a dividend yield of 1.5%. The ex-dividend date is Tuesday, June 9th.

PHINIA has a payout ratio of 25.5% indicating that its dividend is sufficiently covered by earnings. Analysts expect PHINIA to earn $7.28 per share next year, which means the company should continue to be able to cover its $1.20 annual dividend with an expected future payout ratio of 16.5%.

PHINIA Trading Down 3.6%

PHINIA stock opened at $79.32 on Friday. The company’s fifty day simple moving average is $73.99 and its 200-day simple moving average is $68.37. The company has a quick ratio of 1.32, a current ratio of 1.82 and a debt-to-equity ratio of 0.62. PHINIA has a 12 month low of $41.59 and a 12 month high of $83.35. The stock has a market cap of $2.94 billion, a P/E ratio of 22.16 and a beta of 1.16.

PHINIA (NYSE:PHIN) last posted its quarterly earnings results on Thursday, April 30th. The company reported $1.29 EPS for the quarter, beating the consensus estimate of $1.13 by $0.16. PHINIA had a net margin of 3.96% and a return on equity of 13.23%. The business had revenue of $878.00 million for the quarter, compared to analysts’ expectations of $838.67 million. During the same period in the previous year, the company posted $0.94 EPS. PHINIA’s revenue was up 10.3% on a year-over-year basis. As a group, sell-side analysts forecast that PHINIA will post 6.36 EPS for the current fiscal year.

Institutional Trading of PHINIA

Large investors have recently added to or reduced their stakes in the company. Larson Financial Group LLC grew its stake in PHINIA by 151.5% during the fourth quarter. Larson Financial Group LLC now owns 425 shares of the company’s stock worth $27,000 after buying an additional 256 shares during the last quarter. Federation des caisses Desjardins du Quebec lifted its holdings in PHINIA by 2,500.0% in the fourth quarter. Federation des caisses Desjardins du Quebec now owns 780 shares of the company’s stock valued at $49,000 after buying an additional 750 shares during the period. EverSource Wealth Advisors LLC lifted its holdings in PHINIA by 34.4% in the third quarter. EverSource Wealth Advisors LLC now owns 868 shares of the company’s stock valued at $50,000 after buying an additional 222 shares during the period. MAI Capital Management lifted its holdings in PHINIA by 845.4% in the third quarter. MAI Capital Management now owns 917 shares of the company’s stock valued at $53,000 after buying an additional 820 shares during the period. Finally, State of Wyoming acquired a new stake in PHINIA in the second quarter worth $60,000. 90.94% of the stock is owned by institutional investors.

About PHINIA

PHINIA Inc engages in the development, design, and manufacture of integrated components and systems that optimize performance, increase efficiency, and reduce emissions in combustion and hybrid propulsion for commercial and light vehicles, and industrial applications. The company operates through Fuel Systems and Aftermarket segments. The Fuel Systems segment provides advanced fuel injection systems, including pumps, injectors, fuel rail assemblies, and engine control modules; fuel delivery modules; canisters; sensors; and electronic control modules.