Genuine Parts Company (NYSE:GPC) is a selection for the real-money Inflation-Protected Income Growth portfolio. In this brief video, portfolio manager Chuck Saletta offers three reasons why he's holding on to Genuine Parts Company's stock despite the 28% rise since he bought them a little more than a year ago.

Summary:

  • Reasonable valuation, with the company trading in the market for slightly less than my fair-value estimate.
  • Healthy balance sheet, with a debt-to-equity ratio of around 0.3.
  • Well covered and growing dividend, with a 47% payout ratio and a 57-year history of dividend increases

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