Stock Analysis: Genuine Parts Company (GPC)

Genuine Parts Co is a leading wholesale distributor of automotive replacement parts, industrial parts and supplies, and office products.

GPC’s long string of dividend increases are supported by its strong underlying fundamentals of sales, earnings and free cash flow growth. The company exhibits excellent financial leadership as evidenced by its record free cash flow per share of $4.40 in 2009. From an operating standpoint, GPC has an extensive distribution network and it has built a loyal customer following over the years. Since the company is trading well above my buy price of $35.67 and the $36.16 maximum price supported by its dividend fundamentals, I will wait for a pullback before adding to my position.

Source: Dividends Value

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