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Genuine Parts

Genuine Parts sells aftermarket automotive parts (about 60% of sales) and industrial products (40% of sales) in the United States and internationally. The automotive segment primarily acts as a distributor to its network of 9,800 global retail locations of which about two thirds are independently owned and operated. we estimate Genuine serves around 6,000 retail locations in the US operating under the Napa Auto Parts brand, with about 80% of sales derived from professional customers. Its industrial segment, primarily operating under the Motion banner in the United States, serves as a leading distributor of bearings, power transmission, and other industrial products to more than 200,000 maintenance, repair, and original equipment manufacturer clients.

Genuine Parts Co

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Genuine Parts (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GPC#NYSE">GPC</a>) is gearing up to announce its quarterly earnings on Tuesday, 2024-10-22. Here's a quick overview of what investors should know before the release.
Analysts are estimating that Genuine Parts will report an earnings per share (EPS) of $2.44.
Investors in Genuine Parts are eagerly awaiting the company's announcement, hoping for news of surpassing estimates and positive guidance for the next quarter.
It's worth noting for new investors that stock prices can be heavily influenced by future projections rather than just past performance.
<h3>Past Earnings Performance</h3>
During the last quarter, the company reported an EPS missed by $0.15, leading to a 1.07% drop in the share price on the subsequent day.
Here's a look at Genuine Parts's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q2 2024</th>
<th>Q1 2024</th>
<th>Q4 2023</th>
<th>Q3 2023</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>2.59</td>
<td>2.16</td>
<td>2.19</td>
<td>2.40</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>2.44</td>
<td>2.22</td>
<td>2.26</td>
<td>2.49</td>
</tr>
<tr>
<td>Price Change %</td>
<td>-1.0%</td>
<td>1.0%</td>
<td>-1.0%</td>
<td>-1.0%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2024/1729526537_0.png" alt="eps graph" />
<h3>Performance of Genuine Parts Shares</h3>
Shares of Genuine Parts were trading at $143.17 as of October 18. Over the last 52-week period, shares are up 11.13%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release. 
<h3>Analyst Opinions on Genuine Parts</h3>
For investors, staying informed about market sentiments and expectations in the industry is paramount. This analysis provides an exploration of the latest insights on Genuine Parts.
The consensus rating for Genuine Parts is Neutral, based on 6 analyst ratings. With an average one-year price target of $157.5, there's a potential 10.01% upside.
<h3>Comparing Ratings with Competitors</h3>
The following analysis focuses on the analyst ratings and average 1-year price targets of Pool, LKQ and GigaCloud Tech, three prominent industry players, providing insights into their relative performance expectations and market positioning.
<ul>
<li>For Pool, analysts project an Neutral trajectory, with an average 1-year price target of $373.57, indicating a potential 160.93% upside.</li>
<li>The prevailing sentiment among analysts is an Outperform trajectory for LKQ, with an average 1-year price target of $58.43, implying a potential 59.19% downside.</li>
<li>Analysts currently favor an Buy trajectory for GigaCloud Tech, with an average 1-year price target of $50.0, suggesting a potential 65.08% downside.</li>
</ul>
<h3>Insights: Peer Analysis</h3>
The peer analysis summary provides a snapshot of key metrics for Pool, LKQ and GigaCloud Tech, illuminating their respective standings within the industry. These metrics offer valuable insights into their market positions and comparative performance.

<table>
<thead>
<tr>
<th>Company</th>
<th>Consensus</th>
<th>Revenue Growth</th>
<th>Gross Profit</th>
<th>Return on Equity</th>
</tr>
</thead>
<tbody>
<tr>
<td>Genuine Parts</td>
<td>Neutral</td>
<td>0.80%</td>
<td>$2.18B</td>
<td>6.61%</td>
</tr>
<tr>
<td>Pool</td>
<td>Neutral</td>
<td>-4.72%</td>
<td>$530.14M</td>
<td>13.82%</td>
</tr>
<tr>
<td>LKQ</td>
<td>Outperform</td>
<td>7.63%</td>
<td>$1.44B</td>
<td>3.01%</td>
</tr>
<tr>
<td>GigaCloud Tech</td>
<td>Buy</td>
<td>103.01%</td>
<td>$76.45M</td>
<td>7.98%</td>
</tr>
</tbody>
</table>

Key Takeaway:
Genuine Parts ranks in the middle for revenue growth among its peers. It has the highest gross profit compared to others. The return on equity of Genuine Parts is the lowest. Overall, Genuine Parts is positioned in the middle compared to its peers in terms of financial performance metrics.
<h3>All You Need to Know About Genuine Parts</h3>
Genuine Parts sells aftermarket automotive parts (about 60% of sales) and industrial products (40% of sales) in the United States and internationally. The automotive segment primarily acts as a distributor to its network of 9,800 global retail locations of which about two thirds are independently owned and operated. we estimate Genuine serves around 6,000 retail locations in the US operating under the Napa Auto Parts brand, with about 80% of sales derived from professional customers. Its industrial segment, primarily operating under the Motion banner in the United States, serves as a leading distributor of bearings, power transmission, and other industrial products to more than 200,000 maintenance, repair, and original equipment manufacturer clients.
<h3>Genuine Parts: Delving into Financials</h3>
Market Capitalization: Boasting an elevated market capitalization, the company surpasses industry averages. This signals substantial size and strong market recognition.
Positive Revenue Trend: Examining Genuine Parts's financials over 3 months reveals a positive narrative. The company achieved a noteworthy revenue growth rate of 0.8% as of 30 June, 2024, showcasing a substantial increase in top-line earnings. When compared to others in the Consumer Discretionary sector, the company excelled with a growth rate higher than the average among peers.
Net Margin: Genuine Parts's net margin excels beyond industry benchmarks, reaching 4.96%. This signifies efficient cost management and strong financial health.
Return on Equity (ROE): Genuine Parts's ROE surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 6.61% ROE, the company effectively utilizes shareholder equity capital.
Return on Assets (ROA): Genuine Parts's ROA stands out, surpassing industry averages. With an impressive ROA of 1.59%, the company demonstrates effective utilization of assets and strong financial performance.
Debt Management: The company faces challenges in debt management with a debt-to-equity ratio higher than the industry average. With a ratio of 1.14, caution is advised due to increased financial risk.
<a href="https://www.benzinga.com/quote/GPC/earnings">To track all earnings releases for Genuine Parts visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Earnings

A Look at Genuine Parts's Upcoming Earnings Report

During the last three months, 6 analysts shared their evaluations of Genuine Parts (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GPC#NYSE">GPC</a>), revealing diverse outlooks from bullish to bearish.
The following table encapsulates their recent ratings, offering a glimpse into the evolving sentiments over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Providing deeper insights, analysts have established 12-month price targets, indicating an average target of $157.5, along with a high estimate of $164.00 and a low estimate of $145.00. A negative shift in sentiment is evident as analysts have decreased the average price target by 4.55%. 
<img src="https://www.benzinga.com/files/images/story/2024/1729101620_0.png" alt="price target chart" />
<h2>Analyzing Analyst Ratings: A Detailed Breakdown</h2>
A comprehensive examination of how financial experts perceive Genuine Parts is derived from recent analyst actions. The following is a detailed summary of key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Christopher Horvers</td>
<td>JP Morgan</td>
<td>Raises</td>
<td>Overweight</td>
<td>$162.00</td>
<td>$157.00</td>
</tr>
<tr>
<td>Scot Ciccarelli</td>
<td>Truist Securities</td>
<td>Maintains</td>
<td>Buy</td>
<td>$164.00</td>
<td>$164.00</td>
</tr>
<tr>
<td>Seth Basham</td>
<td>Wedbush</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$145.00</td>
<td>$170.00</td>
</tr>
<tr>
<td>Greg Melich</td>
<td>Evercore ISI Group</td>
<td>Lowers</td>
<td>In-Line</td>
<td>$148.00</td>
<td>$150.00</td>
</tr>
<tr>
<td>Kate McShane</td>
<td>Goldman Sachs</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$162.00</td>
<td>$166.00</td>
</tr>
<tr>
<td>Scot Ciccarelli</td>
<td>Truist Securities</td>
<td>Lowers</td>
<td>Buy</td>
<td>$164.00</td>
<td>$183.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts frequently update their recommendations based on evolving market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Genuine Parts. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Gaining insights, analysts provide qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of Genuine Parts compared to the broader market.</li>
<li>Price Targets: Delving into movements, analysts provide estimates for the future value of Genuine Parts's stock. This analysis reveals shifts in analysts' expectations over time.</li>
</ul>
Analyzing these analyst evaluations alongside relevant financial metrics can provide a comprehensive view of Genuine Parts's market position. Stay informed and make data-driven decisions with the assistance of our Ratings Table.
<a href="https://www.benzinga.com/quote/GPC/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Genuine Parts analyst ratings.</a>
<h2>Delving into Genuine Parts's Background</h2>
Genuine Parts sells aftermarket automotive parts (about 60% of sales) and industrial products (40% of sales) in the United States and internationally. The automotive segment primarily acts as a distributor to its network of 9,800 global retail locations of which about two thirds are independently owned and operated. we estimate Genuine serves around 6,000 retail locations in the US operating under the Napa Auto Parts brand, with about 80% of sales derived from professional customers. Its industrial segment, primarily operating under the Motion banner in the United States, serves as a leading distributor of bearings, power transmission, and other industrial products to more than 200,000 maintenance, repair, and original equipment manufacturer clients.
<h3>Genuine Parts: Financial Performance Dissected</h3>
Market Capitalization Analysis: With an elevated market capitalization, the company stands out above industry averages, showcasing substantial size and market acknowledgment.
Positive Revenue Trend: Examining Genuine Parts's financials over 3 months reveals a positive narrative. The company achieved a noteworthy revenue growth rate of 0.8% as of 30 June, 2024, showcasing a substantial increase in top-line earnings. When compared to others in the Consumer Discretionary sector, the company excelled with a growth rate higher than the average among peers.
Net Margin: The company's net margin is a standout performer, exceeding industry averages. With an impressive net margin of 4.96%, the company showcases strong profitability and effective cost control.
Return on Equity (ROE): Genuine Parts's financial strength is reflected in its exceptional ROE, which exceeds industry averages. With a remarkable ROE of 6.61%, the company showcases efficient use of equity capital and strong financial health.
Return on Assets (ROA): Genuine Parts's ROA surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 1.59% ROA, the company effectively utilizes its assets for optimal returns.
Debt Management: Genuine Parts's debt-to-equity ratio surpasses industry norms, standing at 1.14. This suggests the company carries a substantial amount of debt, posing potential financial challenges.
<h2>The Core of Analyst Ratings: What Every Investor Should Know</h2>
Analysts are specialists within banking and financial systems that typically report for specific stocks or within defined sectors. These people research company financial statements, sit in conference calls and meetings, and speak with relevant insiders to determine what are known as analyst ratings for stocks. Typically, analysts will rate each stock once a quarter. 
Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.
If you want to keep track of which analysts are outperforming others, you can view updated analyst ratings along withanalyst success scores in <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.
Which Stocks Are Analysts Recommending Now?
Benzinga Edge gives you instant access to all major analyst upgrades, downgrades, and price targets. Sort by accuracy, upside potential, and more. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=be8be9arja3be22bz21&amp;utm_source=benzinga-insights">Click here to stay ahead of the market</a>.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Analyst Ratings

Expert Ratings For Genuine Parts

JP Morgan analyst Christopher Horvers maintains Genuine Parts (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GPC#NYSE">GPC</a>) with a Overweight and raises the price target from $157 to $162.

News

Price Target

JP Morgan Maintains Overweight on Genuine Parts, Raises Price Target to $162

Legal

ORLY

Lawmakers Ask CEOs Of Six Auto Parts Firms To Answer If They Purchased Products From Chinese Firm That May Have Sought To Evade U.S. Tariffs

Providing a diverse range of perspectives from bullish to bearish, 9 analysts have published ratings on Genuine Parts (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GPC#NYSE">GPC</a>) in the last three months.
The table below offers a condensed view of their recent ratings, showcasing the changing sentiments over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">7</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">6</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Providing deeper insights, analysts have established 12-month price targets, indicating an average target of $157.0, along with a high estimate of $165.00 and a low estimate of $145.00. This current average has decreased by 4.72% from the previous average price target of $164.78. 
<img src="https://www.benzinga.com/files/images/story/2024/1724860836_0.png" alt="price target chart" />
<h2>Deciphering Analyst Ratings: An In-Depth Analysis</h2>
In examining recent analyst actions, we gain insights into how financial experts perceive Genuine Parts. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Scot Ciccarelli</td>
<td>Truist Securities</td>
<td>Maintains</td>
<td>Buy</td>
<td>$164.00</td>
<td>$164.00</td>
</tr>
<tr>
<td>Seth Basham</td>
<td>Wedbush</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$145.00</td>
<td>$170.00</td>
</tr>
<tr>
<td>Greg Melich</td>
<td>Evercore ISI Group</td>
<td>Lowers</td>
<td>In-Line</td>
<td>$148.00</td>
<td>$150.00</td>
</tr>
<tr>
<td>Kate McShane</td>
<td>Goldman Sachs</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$162.00</td>
<td>$166.00</td>
</tr>
<tr>
<td>Scot Ciccarelli</td>
<td>Truist Securities</td>
<td>Lowers</td>
<td>Buy</td>
<td>$164.00</td>
<td>$183.00</td>
</tr>
<tr>
<td>Greg Melich</td>
<td>Evercore ISI Group</td>
<td>Lowers</td>
<td>In-Line</td>
<td>$155.00</td>
<td>$160.00</td>
</tr>
<tr>
<td>Michael Lasser</td>
<td>UBS</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$150.00</td>
<td>$165.00</td>
</tr>
<tr>
<td>Greg Melich</td>
<td>Evercore ISI Group</td>
<td>Lowers</td>
<td>In-Line</td>
<td>$160.00</td>
<td>$165.00</td>
</tr>
<tr>
<td>Greg Melich</td>
<td>Evercore ISI Group</td>
<td>Raises</td>
<td>In-Line</td>
<td>$165.00</td>
<td>$160.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to Genuine Parts. This offers insight into analysts' perspectives on the current state of the company.</li>
<li>Rating: Offering insights into predictions, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Genuine Parts compared to the broader market.</li>
<li>Price Targets: Analysts set price targets as an estimate of a stock's future value. Comparing the current and prior price targets provides insight into how analysts' expectations have changed over time. This information can be valuable for investors seeking to understand consensus views on the stock's potential future performance.</li>
</ul>
Understanding these analyst evaluations alongside key financial indicators can offer valuable insights into Genuine Parts's market standing. Stay informed and make well-considered decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/GPC/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Genuine Parts analyst ratings.</a>
<h2>Delving into Genuine Parts's Background</h2>
Genuine Parts sells aftermarket automotive parts (about 60% of sales) and industrial products (40% of sales) in the United States and internationally. The automotive segment primarily acts as a distributor to its network of 9,800 global retail locations of which about two thirds are independently owned and operated. We estimate Genuine serves around 6,000 retail locations in the US operating under the Napa Auto Parts brand, with about 80% of sales derived from professional customers. Its industrial segment, primarily operating under the Motion banner in the United States, serves as a leading distributor of bearings, power transmission, and other industrial products to more than 200,000 maintenance, repair, and original equipment manufacturer clients.
<h3>Breaking Down Genuine Parts's Financial Performance</h3>
Market Capitalization Analysis: The company's market capitalization is above the industry average, indicating that it is relatively larger in size compared to peers. This may suggest a higher level of investor confidence and market recognition.
Positive Revenue Trend: Examining Genuine Parts's financials over 3 months reveals a positive narrative. The company achieved a noteworthy revenue growth rate of 0.8% as of 30 June, 2024, showcasing a substantial increase in top-line earnings. As compared to its peers, the company achieved a growth rate higher than the average among peers in Consumer Discretionary sector.
Net Margin: Genuine Parts's net margin is impressive, surpassing industry averages. With a net margin of 4.96%, the company demonstrates strong profitability and effective cost management.
Return on Equity (ROE): Genuine Parts's ROE surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 6.61% ROE, the company effectively utilizes shareholder equity capital.
Return on Assets (ROA): Genuine Parts's ROA stands out, surpassing industry averages. With an impressive ROA of 1.59%, the company demonstrates effective utilization of assets and strong financial performance.
Debt Management: Genuine Parts's debt-to-equity ratio is notably higher than the industry average. With a ratio of 1.14, the company relies more heavily on borrowed funds, indicating a higher level of financial risk.
<h2>Analyst Ratings: What Are They?</h2>
Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.
Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

What 9 Analyst Ratings Have To Say About Genuine Parts

Truist Securities analyst Scot Ciccarelli maintains Genuine Parts (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GPC#NYSE">GPC</a>) with a Buy and maintains $164 price target.

Truist Securities Maintains Buy on Genuine Parts, Maintains $164 Price Target

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Live On CNBC, Jim Labenthal Announces Bought On Holding; Announces Sold Genuine Parts Co

Wedbush analyst Seth Basham maintains Genuine Parts (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GPC#NYSE">GPC</a>) with a Neutral and lowers the price target from $170 to $145.

Wedbush Maintains Neutral on Genuine Parts, Lowers Price Target to $145

Evercore ISI Group analyst Greg Melich maintains Genuine Parts (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GPC#NYSE">GPC</a>) with a In-Line and lowers the price target from $150 to $148.

Evercore ISI Group Maintains In-Line on Genuine Parts, Lowers Price Target to $148

Goldman Sachs analyst Kate McShane maintains Genuine Parts (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GPC#NYSE">GPC</a>) with a Neutral and lowers the price target from $166 to $162.

Goldman Sachs Maintains Neutral on Genuine Parts, Lowers Price Target to $162

5 analysts have expressed a variety of opinions on Genuine Parts (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GPC#NYSE">GPC</a>) over the past quarter, offering a diverse set of opinions from bullish to bearish.
The table below provides a snapshot of their recent ratings, showcasing how sentiments have evolved over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">4</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
In the assessment of 12-month price targets, analysts unveil insights for Genuine Parts, presenting an average target of $158.8, a high estimate of $165.00, and a low estimate of $150.00. This current average represents a 4.68% decrease from the previous average price target of $166.60. 
<img src="https://www.benzinga.com/files/images/story/2024/1721768433_0.png" alt="price target chart" />
<h2>Analyzing Analyst Ratings: A Detailed Breakdown</h2>
A comprehensive examination of how financial experts perceive Genuine Parts is derived from recent analyst actions. The following is a detailed summary of key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Scot Ciccarelli</td>
<td>Truist Securities</td>
<td>Lowers</td>
<td>Buy</td>
<td>$164.00</td>
<td>$183.00</td>
</tr>
<tr>
<td>Greg Melich</td>
<td>Evercore ISI Group</td>
<td>Lowers</td>
<td>In-Line</td>
<td>$155.00</td>
<td>$160.00</td>
</tr>
<tr>
<td>Michael Lasser</td>
<td>UBS</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$150.00</td>
<td>$165.00</td>
</tr>
<tr>
<td>Greg Melich</td>
<td>Evercore ISI Group</td>
<td>Lowers</td>
<td>In-Line</td>
<td>$160.00</td>
<td>$165.00</td>
</tr>
<tr>
<td>Greg Melich</td>
<td>Evercore ISI Group</td>
<td>Raises</td>
<td>In-Line</td>
<td>$165.00</td>
<td>$160.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to Genuine Parts. This offers insight into analysts' perspectives on the current state of the company.</li>
<li>Rating: Offering insights into predictions, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Genuine Parts compared to the broader market.</li>
<li>Price Targets: Delving into movements, analysts provide estimates for the future value of Genuine Parts's stock. This analysis reveals shifts in analysts' expectations over time.</li>
</ul>
For valuable insights into Genuine Parts's market performance, consider these analyst evaluations alongside crucial financial indicators. Stay well-informed and make prudent decisions using our Ratings Table.
<a href="https://www.benzinga.com/quote/GPC/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Genuine Parts analyst ratings.</a>
<h2>Get to Know Genuine Parts Better</h2>
Genuine Parts sells aftermarket automotive parts (about 60% of sales) and industrial products (40% of sales) in the United States and internationally. The automotive segment primarily acts as a distributor to its network of 9,800 global retail locations of which about two thirds are independently owned and operated. we estimate Genuine serves around 6,000 retail locations in the US operating under the Napa Auto Parts brand, with about 80% of sales derived from professional customers. Its industrial segment, primarily operating under the Motion banner in the United States, serves as a leading distributor of bearings, power transmission, and other industrial products to over 200,000 maintenance, repair, and original equipment manufacturer clients.
<h3>Financial Milestones: Genuine Parts's Journey</h3>
Market Capitalization Analysis: The company's market capitalization is above the industry average, indicating that it is relatively larger in size compared to peers. This may suggest a higher level of investor confidence and market recognition.
Revenue Growth: Over the 3 months period, Genuine Parts showcased positive performance, achieving a revenue growth rate of 0.32% as of 31 March, 2024. This reflects a substantial increase in the company's top-line earnings. As compared to competitors, the company surpassed expectations with a growth rate higher than the average among peers in the Consumer Discretionary sector.
Net Margin: Genuine Parts's net margin is impressive, surpassing industry averages. With a net margin of 4.3%, the company demonstrates strong profitability and effective cost management.
Return on Equity (ROE): Genuine Parts's financial strength is reflected in its exceptional ROE, which exceeds industry averages. With a remarkable ROE of 5.65%, the company showcases efficient use of equity capital and strong financial health.
Return on Assets (ROA): Genuine Parts's financial strength is reflected in its exceptional ROA, which exceeds industry averages. With a remarkable ROA of 1.37%, the company showcases efficient use of assets and strong financial health.
Debt Management: Genuine Parts's debt-to-equity ratio is notably higher than the industry average. With a ratio of 1.12, the company relies more heavily on borrowed funds, indicating a higher level of financial risk.
<h2>The Significance of Analyst Ratings Explained</h2>
Analysts are specialists within banking and financial systems that typically report for specific stocks or within defined sectors. These people research company financial statements, sit in conference calls and meetings, and speak with relevant insiders to determine what are known as analyst ratings for stocks. Typically, analysts will rate each stock once a quarter. 
Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Decoding 5 Analyst Evaluations For Genuine Parts

Truist Securities analyst Scot Ciccarelli maintains Genuine Parts (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GPC#NYSE">GPC</a>) with a Buy and lowers the price target from $183 to $164.

Truist Securities Maintains Buy on Genuine Parts, Lowers Price Target to $164

Genuine Parts Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GPC#NYSE">GPC</a>) shares are trading lower after the company reported worse-than-<a target="_blank" href="https://www.benzinga.com/pressreleases/24/07/n39902095/genuine-parts-company-reports-second-quarter-2024-results-and-revises-full-year-outlook" rel="noreferrer noopener">expected second-quarter FY24 earnings and a grim outlook.</a>
The company reported second-quarter sales growth of 0.8% year-on-year to $5.963 billion, missing the analyst consensus estimate of $6.047 billion.
The company attributed the sales growth to a 2.2% benefit from acquisitions, partially offset by a 0.9% decrease in comparable sales.
Automotive Parts Group sales grew 2% Y/Y. This segment&#8217;s profit margin contracted 60 basis points to 8.4%.
Sales for the Industrial Parts Group declined 1.1%, and the segment&#8217;s profit margin contracted 10 basis points to 12.4%.
Adjusted EPS of $2.44 <a target="_blank" href="https://www.benzinga.com/earnings" rel="noreferrer noopener">missed the analyst consensus of $2.59.</a>
Gross profit increased 2.1% Y/Y to $2.2 billion. Selling, administrative and other expenses were $1.65 billion, a 4.2% rise Y/Y.
Cash and equivalents totaled $555.3 million as of June 30. Net cash generated from operating activities for the six months totaled $612 million.
&#8220;Our quarterly results reflect softer than expected market conditions, which are tempering demand particularly in our Industrial and U.S. and European Automotive businesses. Despite a challenging macro-environment, our teams are operating well and remain focused on executing our long-term strategic initiatives,&#8221; said President and CEO Will Stengel.
Outlook: Genuine Parts lowered FY24 revenue growth outlook from 3% &#8211; 5% to 1% &#8211; 3%.
It lowered FY24 adjusted EPS outlook from $9.80 &#8211; $9.95 to $9.30 &#8211; $9.50 versus the consensus of $9.86.
The company still expects FY24 free cash flow of $800 million &#8211; $1.0 billion and an operating cash flow of $1.3 billion &#8211; $1.5 billion.
Price Action: GPC shares are trading lower by 1.58% at $136.18 at the last check Tuesday.

Equities

Guidance

Movers

General

Genuine Parts Struggles Amid Soft Market Conditions: Q2 Earnings Miss and Bleak FY24 Forecast

WIIM

Genuine Parts shares are trading lower after the company reported worse-than-expected Q2 financial results. The company also cut its FY24 guidance.

Genuine Parts Cuts 2024 Outlook For Revenue Growth From 3%-5% To 1%-3%; Adjusted EPS Outlook From $9.80 - $9.95 To $9.30 - $9.50 (Est $9.87)

Genuine Parts (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GPC#NYSE">GPC</a>) reported quarterly earnings of $2.44 per share which missed the analyst consensus estimate of $2.59 by 5.79 percent. The company reported quarterly sales of $5.963 billion which missed the analyst consensus estimate of $6.047 billion by 1.39 percent. This is a 0.81 percent increase over sales of $5.915 billion the same period last year.

Earnings Misses

Genuine Parts Q2 2024 Adj EPS $2.44 Misses $2.59 Estimate, Sales $5.963B Miss $6.047B Estimate

Evercore ISI Group analyst Greg Melich maintains Genuine Parts (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GPC#NYSE">GPC</a>) with a In-Line and lowers the price target from $160 to $155.

Evercore ISI Group Maintains In-Line on Genuine Parts, Lowers Price Target to $155

UBS analyst Michael Lasser maintains Genuine Parts (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GPC#NYSE">GPC</a>) with a Neutral and lowers the price target from $165 to $150.

UBS Maintains Neutral on Genuine Parts, Lowers Price Target to $150

Evercore ISI Group analyst Greg Melich maintains Genuine Parts (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GPC#NYSE">GPC</a>) with a In-Line and lowers the price target from $165 to $160.

Evercore ISI Group Maintains In-Line on Genuine Parts, Lowers Price Target to $160

Across the recent three months, 8 analysts have shared their insights on Genuine Parts (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GPC#NYSE">GPC</a>), expressing a variety of opinions spanning from bullish to bearish.
The following table summarizes their recent ratings, shedding light on the changing sentiments within the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">5</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">4</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Analysts provide deeper insights through their assessments of 12-month price targets, revealing an average target of $167.12, a high estimate of $183.00, and a low estimate of $155.00. This current average reflects an increase of 6.45% from the previous average price target of $157.00. 
<img src="https://www.benzinga.com/files/images/story/2024/1718899222_0.png" alt="price target chart" />
<h2>Investigating Analyst Ratings: An Elaborate Study</h2>
The standing of Genuine Parts among financial experts becomes clear with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Greg Melich</td>
<td>Evercore ISI Group</td>
<td>Raises</td>
<td>In-Line</td>
<td>$165.00</td>
<td>$160.00</td>
</tr>
<tr>
<td>Bret Jordan</td>
<td>Jefferies</td>
<td>Raises</td>
<td>Hold</td>
<td>$170.00</td>
<td>$150.00</td>
</tr>
<tr>
<td>Scot Ciccarelli</td>
<td>Truist Securities</td>
<td>Raises</td>
<td>Buy</td>
<td>$183.00</td>
<td>$167.00</td>
</tr>
<tr>
<td>Seth Basham</td>
<td>Wedbush</td>
<td>Raises</td>
<td>Neutral</td>
<td>$170.00</td>
<td>$140.00</td>
</tr>
<tr>
<td>Greg Melich</td>
<td>Evercore ISI Group</td>
<td>Lowers</td>
<td>In-Line</td>
<td>$155.00</td>
<td>$160.00</td>
</tr>
<tr>
<td>Scot Ciccarelli</td>
<td>Truist Securities</td>
<td>Maintains</td>
<td>Buy</td>
<td>$167.00</td>
<td>$167.00</td>
</tr>
<tr>
<td>Scot Ciccarelli</td>
<td>Truist Securities</td>
<td>Raises</td>
<td>Buy</td>
<td>$167.00</td>
<td>$157.00</td>
</tr>
<tr>
<td>Greg Melich</td>
<td>Evercore ISI Group</td>
<td>Raises</td>
<td>In-Line</td>
<td>$160.00</td>
<td>$155.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to Genuine Parts. This offers insight into analysts' perspectives on the current state of the company.</li>
<li>Rating: Unveiling insights, analysts deliver qualitative insights into stock performance, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Genuine Parts compared to the broader market.</li>
<li>Price Targets: Analysts gauge the dynamics of price targets, providing estimates for the future value of Genuine Parts's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
Capture valuable insights into Genuine Parts's market standing by understanding these analyst evaluations alongside pertinent financial indicators. Stay informed and make strategic decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/GPC/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Genuine Parts analyst ratings.</a>
<h2>Unveiling the Story Behind Genuine Parts</h2>
Genuine Parts sells aftermarket automotive parts (about 60% of sales) and industrial products (40% of sales) in the United States and internationally. The automotive segment primarily acts as a distributor to its network of 9,800 global retail locations of which about two thirds are independently owned and operated. we estimate Genuine serves around 6,000 retail locations in the US operating under the Napa Auto Parts brand, with about 80% of sales derived from professional customers. Its industrial segment, primarily operating under the Motion banner in the United States, serves as a leading distributor of bearings, power transmission, and other industrial products to over 200,000 maintenance, repair, and original equipment manufacturer clients.
<h3>Genuine Parts's Financial Performance</h3>
Market Capitalization: Exceeding industry standards, the company's market capitalization places it above industry average in size relative to peers. This emphasizes its significant scale and robust market position.
Positive Revenue Trend: Examining Genuine Parts's financials over 3 months reveals a positive narrative. The company achieved a noteworthy revenue growth rate of 0.32% as of 31 March, 2024, showcasing a substantial increase in top-line earnings. As compared to its peers, the company achieved a growth rate higher than the average among peers in Consumer Discretionary sector.
Net Margin: Genuine Parts's net margin is impressive, surpassing industry averages. With a net margin of 4.3%, the company demonstrates strong profitability and effective cost management.
Return on Equity (ROE): Genuine Parts's ROE surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 5.65% ROE, the company effectively utilizes shareholder equity capital.
Return on Assets (ROA): Genuine Parts's ROA surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 1.37% ROA, the company effectively utilizes its assets for optimal returns.
Debt Management: With a high debt-to-equity ratio of 1.12, Genuine Parts faces challenges in effectively managing its debt levels, indicating potential financial strain.
<h2>Understanding the Relevance of Analyst Ratings</h2>
Analyst ratings serve as essential indicators of stock performance, provided by experts in banking and financial systems. These specialists diligently analyze company financial statements, participate in conference calls, and engage with insiders to generate quarterly ratings for individual stocks.
Some analysts also offer predictions for helpful metrics such as earnings, revenue, and growth estimates to provide further guidance as to what to do with certain tickers. It is important to keep in mind that while stock and sector analysts are specialists, they are also human and can only forecast their beliefs to traders.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

The Latest Analyst Ratings For Genuine Parts

Oakmark Equity And Income Fund Q3 2024 Commentary

The U.S. presidential elections influence more than just politics—they often trigger stock market volatility. In such times of uncertainty, dividend growth stocks might offer stability and dependable income. Thus, investing in Target (TGT), Kimberly-Clark (KMB), and Genuine Parts (GPC) may ensure steady cash flow and long-term growth. Read more… The U.S. presidential elections are pivotal, influencing the stock market's stability. With elections around the corner, investors may want to focus on dividend stocks to weather volatility. Companies such as Target Corporation (<a href="https://stocknews.com/stock/TGT/">TGT</a>), Kimberly-Clark Corporation (<a href="https://stocknews.com/stock/KMB/">KMB</a>), and Genuine Parts Company (<a href="https://stocknews.com/stock/GPC/">GPC</a>) offer steady income, making them ideal for passive earnings.
This election season might <a href="https://www.forbes.com/sites/jasonschenker/2024/10/14/us-presidential-election-outcome-uncertainty-could-roil-markets/">create the most uncertainty since 2000</a>. Prolonged uncertainty could pose significant risks to equity markets, industrial commodity prices, business investment, and consumer confidence, ultimately destabilizing the broader U.S. economy. Such unpredictability could result in substantial market volatility.
Last week, U.S. equity markets surged to new record highs. This increase was due to easing inflationary pressures, as shown in the September Consumer Price Index (CPI) and Producer Price Index (PPI) reports. The market responded positively to these signs of decreasing year-on-year inflation.
Year-on-year CPI inflation <a href="https://www.bls.gov/news.release/cpi.nr0.htm">dropped from 2.5% to 2.4%</a> in September, the slowest pace since February 2021. However, core CPI inflation, which excludes volatile food and energy prices, rose from 3.2% to 3.3%. This mixed inflation data signals ongoing concerns despite some relief in overall price growth.
Although inflation remains a key focus, it may not be the biggest risk facing financial markets. A more significant concern could be prolonged election outcome uncertainty. This scenario could shake investor confidence and introduce heightened volatility across sectors, overshadowing inflationary threats in the short term.
In such times, dividend growth stocks could offer stability through <a href="https://www.ssga.com/us/en/intermediary/resources/education/what-is-dividend-investing-understanding-how-it-works">a consistent and growing income stream</a>, making them ideal for investors seeking reliable cash flow. These stocks, typically issued by financially strong companies, provide both dividends and long-term growth potential, serving as a buffer against market volatility.
Considering the current volatile market trends, let us delve into the fundamentals of three dividend aristocrat stocks that have consistently increased their dividends for over 50 years. These stocks appear to be ideal candidates for long-term investment and hold the potential for sustained growth over the decades.
Stock #3: Target Corporation (<a href="https://stocknews.com/stock/TGT/">TGT</a>)
TGT is a retail giant offering everyday essentials and fashionable merchandise at discounted prices. With nearly 2,000 stores and its website, the company offers a wide assortment of general merchandise and food, including apparel, accessories, beauty, food, beverage, hardlines, and home furnishings.
On June 24, TGT partnered with Shopify Inc. (<a href="https://stocknews.com/stock/SHOP/">SHOP</a>), a global e-commerce platform, to <a href="https://corporate.target.com/press/release/2024/06/target-and-shopify-partner-to-help-consumers-discover-and-shop-an-expanded-assortment-on-target-com">feature popular sellers and products</a> on Target Plus, its curated digital marketplace. The alliance expands TGT's offerings with new, trendy products and brands like True Classic and Caden Lane, providing consumers with more affordable, high-quality options.
On September 18, TGT's board of directors announced a <a href="https://corporate.target.com/press/release/2024/09/target-corporation-declares-regular-quarterly-dividend">quarterly dividend</a> of $1.12 per common share. The dividend is payable on December 10, 2024, to shareholders of record at the close of business on November 20, 2024. TGT has consecutively increased its dividends for 55 years.
It pays an annual dividend of $4.48, which translates to a 2.83% yield at the current price level. Moreover, the stock's dividend payouts have increased at a CAGR of 14.6% over the past three years.
During the fiscal 2025 second quarter, which ended on August 3, 2024, TGT's total revenue rose 2.7% year-over-year to $25.45 billion. Its <a href="https://www.investopedia.com/terms/o/operatingincome.asp">operating income</a> was $1.64 billion, up 36.6% over the prior-year quarter. The company's net earnings and EPS stood at $1.19 billion and $2.57, respectively, representing increases of 42.8% and 42.8% year-over-year.
Analysts expect TGT's revenue and EPS for the fiscal 2025 third quarter (ending October 2024) to increase 2.2% and 9.4% year-over-year to $25.96 billion and $2.30, respectively. Moreover, the company surpassed the consensus revenue and EPS estimates in three of four trailing quarters.
Shares of TGT have surged 11.6% over the past nine months and 45.4% over the past year to close the last trading session at $158.46.
TGT's strong fundamentals are reflected in its <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a>. The stock has an overall rating of A, which translates to a Strong Buy in our proprietary rating system.
It has a B grade for Value, Momentum, and Quality. Within the A-rated <a href="https://stocknews.com/category/grocery-big-box-retailers/">Grocery/Big Box Retailers</a> industry, TGT is ranked #10 out of 37 stocks.
To access additional grades for TGT's Growth, Stability, and Sentiment, <a href="https://stocknews.com/stock/TGT/">click here</a>.
Stock #2: Kimberly-Clark Corporation (<a href="https://stocknews.com/stock/KMB/">KMB</a>)
KMB specializes in manufacturing and marketing products crafted from natural or synthetic fibers using advanced technologies in fibers, nonwovens, and absorbency. The company operates through three segments: Personal Care; Consumer Tissue; and K-C Professional.
On June 26, KMB's Kimberly-Clark Professional&#x2122; unveiled the <a href="https://www.kcprofessional.com/en-ca/about-kimberly-clark-professional/news-releases/kimtech-polaris-available-in-canada">Kimtech&#x2122; Polaris&#x2122; Nitrile Exam Gloves</a>, meeting the growing demand for advanced safety and comfort in laboratory settings. These gloves deliver top-notch protection and durability while offering ergonomic benefits that enhance user comfort and reduce injury risks.
Certified by U.S. Ergonomics, the Kimtech Polaris gloves are designed for diverse environments, including laboratories, industrial work, pharmaceutical manufacturing, medical device production, and biotechnology, showcasing KMB's dedication to healthier and more efficient work solutions.
On August 1, KMB's board of directors announced a regular <a href="https://investor.kimberly-clark.com/2024-08-01-Kimberly-Clark-Declares-Quarterly-Dividend">quarterly dividend</a> of $1.22 per share. The dividend was payable in cash on October 2, 2024, to stockholders of record at the close of business on September 6, 2024. KMB has increased its dividends for 51 consecutive years.
The stock's annualized dividend of $4.88 per share translates to a dividend yield of 3.43% on the current share price. Its dividend payouts have increased at a CAGR of 3.4% over the past five years, and its four-year average dividend yield is 3.49%.
For the fiscal 2024 second quarter that ended June 30, KMB's non-GAAP gross profit grew 6.2% year-over-year to $1.86 billion. Its non-GAAP operating profit increased 16.2% from the year-ago value to $845 million. In addition, non-GAAP net income attributable to KMB came in at $661 million and $1.96 per share, up 18.2% and 18.8% from the prior year's quarter, respectively.
For the fiscal year ending in December 2025, Street expects KMB's revenue to increase marginally year-over-year to $20.46 billion. Its EPS for the same period is expected to rise 4.8% year-over-year to $7.64. Also, the company surpassed consensus EPS estimates in three of the trailing four quarters.
KMB's stock has surged 12.8% over the past six months and 19.2% over the past year to close the last trading session at $142.25.
KMB's POWR Ratings reflect its robust prospects. The stock has an overall rating of B, equating to a Buy in our proprietary rating system.
It has a B grade for Value, Sentiment, and Quality. Within the B-rated <a href="https://stocknews.com/category/consumer-goods/">Consumer Goods</a> industry, it is ranked #7 out of 58 stocks.
<a href="https://stocknews.com/stock/KMB/">Click here</a> to view KMB's grades for Growth, Momentum, and Stability.
Stock #1: Genuine Parts Company (<a href="https://stocknews.com/stock/GPC/">GPC</a>)
GPC is a global service company that distributes automotive and industrial replacement parts. It operates in two segments: Automotive Parts Group and Industrial Parts Group. The company distributes automotive parts in North America, Europe, and Australasia, offering inventory, cataloging, marketing, and aftermarket programs.
On May 1, GPC <a href="https://www.genpt.com/2024-05-01-Genuine-Parts-Company-Announces-Acquisition-of-Largest-NAPA-Independent-Store-Owner-in-the-U-S">announced the acquisition</a> of Motor Parts &amp; Equipment Corporation (MPEC), the largest independent owner of NAPA Auto Parts stores in the United States, for its U.S. Automotive business.
With the help of this acquisition, GPC has established a significant store presence for its distribution of automotive and industrial replacement parts all across the United States, making the company a significant player in the auto parts market.
On August 20, GPC's board of directors announced a regular <a href="https://www.genpt.com/2024-08-20-Genuine-Parts-Company-Declares-Regular-Quarterly-Dividend">quarterly cash dividend</a> of $1.00 per share on the company's common stock. The dividend was payable on October 1, 2024, to shareholders of record on September 6, 2024.
GPC pays an annual dividend of $4, which translates to a yield of 2.91% at the prevailing price levels. Its four-year average dividend yield is 2.56%. The company's dividend payments have grown at a CAGR of 6.9% over the past three years. Additionally, the company has increased its dividends for 67 consecutive years.
GPC's net sales for the fiscal 2024 second quarter, which ended on June 30, marginally increased year-over-year to $5.96 billion. Its gross profit rose 2.1% over the prior-year quarter to $2.18 billion. The company's adjusted net income was reported at $341.56 million, and adjusted earnings per share at $2.44.
The consensus revenue of $23.50 billion for the fiscal year ending December 2025 reflects a rise of 1.8% year-over-year. Its EPS for the same period is expected to increase marginally year-over-year to $9.41. Furthermore, the company topped the consensus EPS estimates in three of the four trailing quarters.
Shares of GPC have gained 1.6% over the past month to close the last trading session at $137.24.
GPC's POWR Ratings reflect its fundamentals. GPC has a B grade for Quality and Stability. It is ranked #33 out of 62 stocks in the A-rated <a href="https://stocknews.com/category/auto-parts/">Auto Parts</a> industry.
In addition to the POWR Ratings highlighted above, one can access GPC's ratings for Growth, Value, Sentiment, and Momentum <a href="https://stocknews.com/stock/GPC/">here</a>.
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TGT shares were unchanged in premarket trading Monday. Year-to-date, TGT has gained 14.66%, versus a 23.09% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Aanchal Sugandh</h2> <img src='https:/wp-content/uploads/2022/12/Aanchal-Sugandh_Headshot.jpg' style="float:left; padding:5px;width:125px;">Aanchal's passion for financial markets drives her work as an investment analyst and journalist. She earned her bachelor's degree in finance and is pursuing the CFA program.

She is proficient at assessing the long-term prospects of stocks with her fundamental analysis skills. Her goal is to help investors build portfolios with sustainable returns.<a href="https://stocknews.com/authors/?author=aanchal-sugandh">More...</a>The post <a href=https://stocknews.com/news/tgt-kmb-gpc-shop-3-dividend-aristocrats-to-buy-and-hold-for-decades/>3 Dividend Aristocrats to Buy and Hold for Decades</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

3 Dividend Aristocrats to Buy and Hold for Decades

Genuine Parts is defended by analysts ahead of earnings next week

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Evercore ISI analyst Greg Melich assigned a Hold rating to Genuine Parts Company (GPC – Research Report) today and set a price target of $155.00. T...

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