Genuine Parts Company (GPC) to Distribute Quarterly Dividend of $1.06 on October 2nd

Genuine Parts Company (NYSE:GPC) announced 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) annualized dividend and a yield of 3.2%. The ex-dividend date of this dividend is Friday, September 4th.

Genuine Parts has raised its dividend by an average of 0.1%annually 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 analysts expect Genuine Parts to earn $8.44 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 50.4%.

Genuine Parts Stock Performance

GPC opened at $134.88 on Wednesday. The company has a current ratio of 1.16, a quick ratio of 0.50 and a debt-to-equity ratio of 0.88. The company’s fifty day moving average price is $128.25 and its two-hundred day moving average price is $114.66. Genuine Parts has a 1-year low of $90.78 and a 1-year high of $151.57. The company has a market cap of $18.59 billion, a price-to-earnings ratio of 539.52, a PEG ratio of 2.51 and a beta of 0.64.

Genuine Parts (NYSE:GPC) last issued its quarterly earnings data on Tuesday, July 21st. The specialty retailer reported $2.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.08 by $0.07. The firm had revenue of $6.54 billion during the quarter, compared to analysts’ expectations of $6.43 billion. Genuine Parts had a net margin of 0.13% and a return on equity of 22.59%. The business’s revenue 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, analysts expect that Genuine Parts will post 7.73 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts have recently commented on the company. Weiss Ratings reissued a “hold (c-)” rating on shares of Genuine Parts in a research note on Wednesday, June 24th. UBS Group reaffirmed a “neutral” rating and set a $122.00 target price on shares of Genuine Parts in a research report on Wednesday, July 22nd. Zacks Research raised Genuine Parts from a “strong sell” rating to a “hold” rating in a research report on Monday, May 25th. Raymond James Financial restated a “strong-buy” rating and set a $165.00 price objective on shares of Genuine Parts in a research note on Wednesday, July 22nd. Finally, Evercore reiterated an “outperform” rating on shares of Genuine Parts in a research note on Wednesday, July 22nd. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price 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.