PACCAR Inc. (NASDAQ:PCAR) Declares Quarterly Dividend of $1.40

PACCAR Inc. (NASDAQ:PCAR) declared a quarterly dividend on Tuesday, December 9th. Investors of record on Friday, December 19th will be given a dividend of 1.40 per share on Wednesday, January 7th. This represents a c) annualized dividend and a yield of 5.1%. The ex-dividend date is Friday, December 19th. This is a 324.2% increase from PACCAR’s previous quarterly dividend of $0.33.

PACCAR has increased its dividend by an average of 0.1%per year over the last three years and has raised its dividend annually for the last 5 consecutive years. PACCAR has a payout ratio of 19.5% meaning its dividend is sufficiently covered by earnings. Research analysts expect PACCAR to earn $9.14 per share next year, which means the company should continue to be able to cover its $1.32 annual dividend with an expected future payout ratio of 14.4%.

PACCAR Stock Performance

PACCAR stock opened at $109.60 on Wednesday. The stock’s 50 day moving average price is $99.73 and its 200 day moving average price is $98.02. The firm has a market capitalization of $57.56 billion, a PE ratio of 21.41, a price-to-earnings-growth ratio of 15.01 and a beta of 1.01. PACCAR has a one year low of $84.65 and a one year high of $116.86. The company has a debt-to-equity ratio of 0.56, a quick ratio of 2.91 and a current ratio of 3.12.

PACCAR (NASDAQ:PCAR) last released its earnings results on Tuesday, October 21st. The company reported $1.12 earnings per share for the quarter, missing the consensus estimate of $1.14 by ($0.02). PACCAR had a net margin of 9.11% and a return on equity of 16.01%. The business had revenue of $7.24 billion for the quarter, compared to the consensus estimate of $6.23 billion. During the same quarter in the previous year, the firm earned $1.85 EPS. The firm’s revenue for the quarter was down 20.7% on a year-over-year basis. As a group, sell-side analysts expect that PACCAR will post 7.57 EPS for the current fiscal year.

Insider Transactions at PACCAR

In related news, CFO Brice J. Poplawski sold 3,369 shares of the business’s stock in a transaction dated Monday, October 27th. The stock was sold at an average price of $101.15, for a total value of $340,774.35. Following the completion of the sale, the chief financial officer directly owned 468 shares of the company’s stock, valued at $47,338.20. The trade was a 87.80% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 2.02% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On PACCAR

Institutional investors and hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in PACCAR by 0.8% during the third quarter. Vanguard Group Inc. now owns 63,111,444 shares of the company’s stock worth $6,205,117,000 after purchasing an additional 485,678 shares during the period. State Street Corp increased its stake in PACCAR by 1.0% in the 2nd quarter. State Street Corp now owns 22,534,596 shares of the company’s stock worth $2,142,139,000 after acquiring an additional 218,188 shares during the last quarter. Wellington Management Group LLP raised its holdings in shares of PACCAR by 20.1% in the 1st quarter. Wellington Management Group LLP now owns 20,177,930 shares of the company’s stock valued at $1,964,725,000 after acquiring an additional 3,379,165 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of PACCAR by 1.3% during the 2nd quarter. Geode Capital Management LLC now owns 12,455,453 shares of the company’s stock valued at $1,184,112,000 after acquiring an additional 159,632 shares during the last quarter. Finally, Northern Trust Corp grew its holdings in shares of PACCAR by 0.5% during the first quarter. Northern Trust Corp now owns 7,239,967 shares of the company’s stock worth $704,956,000 after purchasing an additional 37,609 shares in the last quarter. 64.90% of the stock is owned by institutional investors.

About PACCAR

PACCAR Inc designs, manufactures, and distributes light, medium, and heavy-duty commercial trucks in the United States, Canada, Europe, Mexico, South America, Australia, and internationally. It operates through three segments: Truck, Parts, and Financial Services. The Truck segment designs, manufactures, and distributes trucks for the over-the-road and off-highway hauling of commercial and consumer goods.