12,452 Shares in Genuine Parts Company $GPC Acquired by Northwestern Mutual Wealth Management Co.

Northwestern Mutual Wealth Management Co. purchased a new stake in Genuine Parts Company (NYSE:GPC) during the 2nd quarter, Holdings Channel.com reports. The fund purchased 12,452 shares of the specialty retailer’s stock, valued at approximately $1,469,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. IHT Wealth Management LLC increased its position in shares of Genuine Parts by 1.8% in the fourth quarter. IHT Wealth Management LLC now owns 4,644 shares of the specialty retailer’s stock worth $571,000 after acquiring an additional 83 shares in the last quarter. Oakworth Capital Inc. lifted its holdings in shares of Genuine Parts by 1.9% during the 4th quarter. Oakworth Capital Inc. now owns 4,680 shares of the specialty retailer’s stock valued at $575,000 after acquiring an additional 88 shares in the last quarter. Caitong International Asset Management Co. Ltd boosted its position in Genuine Parts by 34.8% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 341 shares of the specialty retailer’s stock worth $42,000 after purchasing an additional 88 shares during the period. Beacon Investment Advisory Services Inc. boosted its position in Genuine Parts by 13.8% during the 2nd quarter. Beacon Investment Advisory Services Inc. now owns 727 shares of the specialty retailer’s stock worth $86,000 after purchasing an additional 88 shares during the period. Finally, Lansforsakringar Fondforvaltning AB publ increased its holdings in Genuine Parts by 3.8% in the 4th quarter. Lansforsakringar Fondforvaltning AB publ now owns 2,413 shares of the specialty retailer’s stock valued at $297,000 after purchasing an additional 88 shares in the last quarter. 78.83% of the stock is owned by institutional investors and hedge funds.

Genuine Parts Stock Performance

Genuine Parts stock opened at $138.09 on Wednesday. Genuine Parts Company has a 12-month low of $90.78 and a 12-month high of $151.57. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.16 and a quick ratio of 0.50. The company has a market capitalization of $19.04 billion, a price-to-earnings ratio of 552.34 and a beta of 0.63. The firm’s fifty day moving average price is $125.29 and its 200 day moving average price is $115.03.

Genuine Parts (NYSE:GPC) last posted its quarterly earnings data on Tuesday, July 21st. The specialty retailer reported $2.15 earnings per share for the quarter, beating analysts’ consensus estimates of $2.08 by $0.07. The company 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 firm’s revenue for the quarter was up 6.0% on a year-over-year basis. During the same period in the prior year, the company posted $2.10 EPS. Genuine Parts has set its FY 2026 guidance at 7.500-8.000 EPS. On average, research analysts forecast that Genuine Parts Company will post 7.73 EPS for the current fiscal year.

Genuine Parts Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 2nd. Investors of record on Friday, September 4th will be paid a $1.0625 dividend. The ex-dividend date is Friday, September 4th. This represents a $4.25 annualized dividend and a dividend yield of 3.1%. Genuine Parts’s payout ratio is 1,700.00%.

Analyst Ratings Changes

GPC has been the topic of several research reports. Evercore reissued an “outperform” rating on shares of Genuine Parts in a research report on Wednesday, July 22nd. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Genuine Parts in a research report on Wednesday, June 24th. Raymond James Financial reiterated 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 raised their target price on Genuine Parts from $150.00 to $170.00 and gave the company a “buy” rating in a report on Monday, August 3rd. Finally, Zacks Research upgraded Genuine Parts from a “strong sell” rating to a “hold” rating in a report on Monday, May 25th. One 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 stock. Based on data from MarketBeat.com, Genuine Parts presently has an average rating of “Moderate Buy” and a consensus 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.