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

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

Genuine Parts has increased its dividend by an average of 0.1%annually over the last three years and has increased its dividend every year for the last 70 years. Genuine Parts has a payout ratio of 49.5% indicating that its dividend is sufficiently covered by earnings. 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 Stock Performance

GPC traded down $1.57 during trading on Wednesday, reaching $133.52. 430,377 shares of the company were exchanged, compared to its average volume of 1,728,862. The stock has a market cap of $18.41 billion, a P/E ratio of 534.08 and a beta of 0.63. The firm has a 50 day moving average of $118.57 and a 200 day moving average of $115.44. The company has a current ratio of 1.16, a quick ratio of 0.50 and a debt-to-equity ratio of 0.88. Genuine Parts has a 52 week low of $90.78 and a 52 week high of $151.57.

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

Analysts Set New Price Targets

GPC has been the topic of a number of analyst reports. UBS Group reaffirmed a “neutral” rating and issued a $122.00 price objective on shares of Genuine Parts in a report on Wednesday, July 22nd. Raymond James Financial restated a “strong-buy” rating and issued a $165.00 target price on shares of Genuine Parts in a research report on Wednesday, July 22nd. Truist Financial raised their price target on shares of Genuine Parts from $124.00 to $126.00 and gave the company a “hold” rating in a research note on Wednesday, July 22nd. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Genuine Parts in a report on Wednesday, June 24th. Finally, Zacks Research upgraded Genuine Parts from a “strong sell” rating to a “hold” rating in a research report on Monday, May 25th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, 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.