Genuine Parts Company (NYSE:GPC) Announces Quarterly Dividend of $1.06

Genuine Parts Company (NYSE:GPC) announced a quarterly dividend on Tuesday, August 11th. Shareholders of record on Friday, September 4th will be paid a dividend of 1.0625 per share by the specialty retailer on Friday, October 2nd. This represents a c) annualized dividend and a yield of 3.2%. The ex-dividend date of this dividend is Friday, September 4th.

Genuine Parts has increased its dividend payment by an average of 0.1%per year over the last three years and has raised its dividend every year for the last 70 years. Genuine Parts has a payout ratio of 49.5% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Genuine Parts to earn $8.47 per share next year, which means the company should continue to be able to cover its $4.25 annual dividend with an expected future payout ratio of 50.2%.

Genuine Parts Price Performance

Shares of Genuine Parts stock traded down $1.93 during trading hours on Wednesday, reaching $133.16. 401,993 shares of the company’s stock were exchanged, compared to its average volume of 1,728,654. The business has a fifty day moving average of $118.57 and a two-hundred day moving average of $115.44. The company has a market capitalization of $18.36 billion, a P/E ratio of 532.66 and a beta of 0.63. The company has a quick ratio of 0.50, a current ratio of 1.16 and a debt-to-equity ratio of 0.88. Genuine Parts has a 1 year low of $90.78 and a 1 year high of $151.57.

Genuine Parts (NYSE:GPC) last posted its quarterly earnings results on Tuesday, July 21st. The specialty retailer reported $2.15 earnings per share for the quarter, topping analysts’ consensus estimates of $2.08 by $0.07. Genuine Parts had a net margin of 0.13% and a return on equity of 22.59%. The firm had revenue of $6.54 billion for the quarter, compared to analyst estimates of $6.43 billion. During the same period in the previous year, the business posted $2.10 earnings per share. Genuine Parts’s quarterly revenue was up 6.0% on a year-over-year basis. Genuine Parts has set its FY 2026 guidance at 7.500-8.000 EPS. As a group, research analysts predict that Genuine Parts will post 7.72 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms recently commented on GPC. Truist Financial increased their price target on Genuine Parts from $124.00 to $126.00 and gave the company a “hold” rating in a report on Wednesday, July 22nd. Raymond James Financial reaffirmed a “strong-buy” rating and issued a $165.00 target price on shares of Genuine Parts in a research note on Wednesday, July 22nd. DA Davidson boosted their price target on shares of Genuine Parts from $150.00 to $170.00 and gave the company a “buy” rating in a research report on Monday, August 3rd. Evercore restated an “outperform” rating on shares of Genuine Parts in a research report on Wednesday, July 22nd. Finally, Zacks Research upgraded shares of Genuine Parts from a “strong sell” rating to a “hold” rating in a report on Monday, May 25th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Genuine Parts currently has a consensus rating of “Moderate Buy” and an average price target of $147.86.

About Genuine Parts

Genuine Parts Company (NYSE: GPC) is a global distributor of automotive replacement parts, industrial parts and business products with a history dating back to 1928. Headquartered in Atlanta, Georgia, the company operates a broad distribution network and retail presence serving repair shops, independent retailers, industrial customers and commercial accounts. Its business model centers on stocking and delivering a wide range of parts and supplies to support aftermarket and maintenance needs across multiple end markets.

Genuine Parts conducts its operations through several well-known operating groups and subsidiaries.