Johnson Investment Counsel Inc. Has $7.47 Million Holdings in PACCAR Inc (NASDAQ:PCAR)

Johnson Investment Counsel Inc. lessened its stake in shares of PACCAR Inc (NASDAQ:PCAR - Free Report) by 3.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 71,808 shares of the company's stock after selling 2,434 shares during the quarter. Johnson Investment Counsel Inc.'s holdings in PACCAR were worth $7,469,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Madrona Financial Services LLC lifted its stake in shares of PACCAR by 1.1% in the 4th quarter. Madrona Financial Services LLC now owns 8,051 shares of the company's stock valued at $837,000 after purchasing an additional 91 shares in the last quarter. Global Financial Private Client LLC lifted its stake in shares of PACCAR by 1.0% in the 4th quarter. Global Financial Private Client LLC now owns 9,716 shares of the company's stock valued at $1,011,000 after purchasing an additional 97 shares in the last quarter. Omnia Family Wealth LLC lifted its stake in shares of PACCAR by 2.5% in the 3rd quarter. Omnia Family Wealth LLC now owns 3,993 shares of the company's stock valued at $394,000 after purchasing an additional 98 shares in the last quarter. Insight Wealth Partners LLC lifted its stake in shares of PACCAR by 1.4% in the 3rd quarter. Insight Wealth Partners LLC now owns 7,700 shares of the company's stock valued at $760,000 after purchasing an additional 104 shares in the last quarter. Finally, Valley National Advisers Inc. lifted its stake in shares of PACCAR by 0.6% in the 4th quarter. Valley National Advisers Inc. now owns 19,063 shares of the company's stock valued at $1,982,000 after purchasing an additional 106 shares in the last quarter. Hedge funds and other institutional investors own 64.90% of the company's stock.

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Analyst Ratings Changes

Several research firms have recently weighed in on PCAR. Jefferies Financial Group lowered PACCAR from a "buy" rating to a "hold" rating and set a $120.00 price objective on the stock. in a research note on Friday, December 6th. JPMorgan Chase & Co. boosted their price target on PACCAR from $125.00 to $132.00 and gave the stock an "overweight" rating in a research report on Monday, February 3rd. Truist Financial boosted their price target on PACCAR from $112.00 to $113.00 and gave the stock a "hold" rating in a research report on Wednesday, January 29th. Evercore ISI reduced their price target on PACCAR from $129.00 to $127.00 and set an "outperform" rating on the stock in a research report on Wednesday, February 19th. Finally, Citigroup reduced their price target on PACCAR from $125.00 to $115.00 and set a "neutral" rating on the stock in a research report on Tuesday, January 14th. Seven analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to MarketBeat.com, PACCAR presently has a consensus rating of "Moderate Buy" and a consensus price target of $121.77.

Insider Buying and Selling

In other PACCAR news, CEO R Preston Feight sold 25,200 shares of the company's stock in a transaction dated Friday, January 31st. The stock was sold at an average price of $110.98, for a total value of $2,796,696.00. Following the transaction, the chief executive officer now directly owns 206,129 shares of the company's stock, valued at $22,876,196.42. This represents a 10.89 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Todd R. Hubbard sold 2,000 shares of the stock in a transaction that occurred on Friday, January 31st. The shares were sold at an average price of $112.05, for a total value of $224,100.00. Following the sale, the vice president now owns 5,463 shares of the company's stock, valued at approximately $612,129.15. The trade was a 26.80 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 165,547 shares of company stock worth $18,261,908 in the last three months. 2.02% of the stock is owned by insiders.

PACCAR Stock Down 1.3 %

Shares of PCAR traded down $1.40 during trading on Wednesday, reaching $103.32. The company's stock had a trading volume of 1,087,757 shares, compared to its average volume of 2,504,096. The company has a fifty day moving average of $107.42 and a two-hundred day moving average of $106.32. PACCAR Inc has a twelve month low of $90.04 and a twelve month high of $125.50. The company has a market cap of $54.22 billion, a price-to-earnings ratio of 13.06, a P/E/G ratio of 2.77 and a beta of 0.91. The company has a quick ratio of 1.39, a current ratio of 2.54 and a debt-to-equity ratio of 0.56.

PACCAR (NASDAQ:PCAR - Get Free Report) last announced its earnings results on Tuesday, January 28th. The company reported $1.66 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.70 by ($0.04). PACCAR had a net margin of 12.36% and a return on equity of 23.53%. On average, sell-side analysts predict that PACCAR Inc will post 7.57 EPS for the current fiscal year.

PACCAR Increases Dividend

The company also recently declared a dividend, which was paid on Wednesday, January 8th. Stockholders of record on Friday, December 20th were issued a $3.00 dividend. This is an increase from PACCAR's previous dividend of $0.89. The ex-dividend date of this dividend was Friday, December 20th. PACCAR's payout ratio is 16.69%.

PACCAR Profile

PACCAR Inc designs, manufactures, and distributes light, medium, and heavy-duty commercial trucks in the United States, Canada, Europe, Mexico, South America, Australia, and internationally. It operates through three segments: Truck, Parts, and Financial Services. The Truck segment designs, manufactures, and distributes trucks for the over-the-road and off-highway hauling of commercial and consumer goods.