The Goodyear Tire & Rubber Company (NASDAQ:GT) SVP Jean Claude Kihn sold 7,500 shares of the business’s stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $30.53, for a total transaction of $228,975.00. Following the sale, the senior vice president now owns 59,348 shares in the company, valued at $1,811,894.44. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

Jean Claude Kihn also recently made the following trade(s):

  • On Monday, October 2nd, Jean Claude Kihn sold 7,500 shares of The Goodyear Tire & Rubber stock. The stock was sold at an average price of $33.26, for a total transaction of $249,450.00.
  • On Monday, September 18th, Jean Claude Kihn sold 7,500 shares of The Goodyear Tire & Rubber stock. The stock was sold at an average price of $32.44, for a total transaction of $243,300.00.
  • On Tuesday, August 15th, Jean Claude Kihn sold 289 shares of The Goodyear Tire & Rubber stock. The stock was sold at an average price of $30.32, for a total transaction of $8,762.48.

The Goodyear Tire & Rubber Company (NASDAQ GT) traded down $0.78 during trading on Friday, hitting $29.45. 2,612,097 shares of the company traded hands, compared to its average volume of 3,476,607. The firm has a market cap of $7.38 billion, a PE ratio of 9.66 and a beta of 1.51.

The Goodyear Tire & Rubber (NASDAQ:GT) last released its earnings results on Friday, October 27th. The company reported $0.70 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.67 by $0.03. The company had revenue of $3.92 billion for the quarter, compared to analyst estimates of $3.91 billion. The Goodyear Tire & Rubber had a net margin of 6.67% and a return on equity of 15.88%. The firm’s quarterly revenue was up 1.9% on a year-over-year basis. During the same period in the prior year, the firm earned $1.17 EPS. sell-side analysts predict that The Goodyear Tire & Rubber Company will post 2.91 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Wednesday, November 1st will be issued a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 1.90%. This is a positive change from The Goodyear Tire & Rubber’s previous quarterly dividend of $0.10. The ex-dividend date of this dividend is Tuesday, October 31st. The Goodyear Tire & Rubber’s dividend payout ratio is 14.47%.

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Several equities research analysts have commented on GT shares. BidaskClub upgraded shares of The Goodyear Tire & Rubber from a “strong sell” rating to a “sell” rating in a research report on Wednesday, September 13th. Morgan Stanley restated a “buy” rating and set a $46.00 target price on shares of The Goodyear Tire & Rubber in a research report on Monday, September 11th. ValuEngine lowered shares of The Goodyear Tire & Rubber from a “strong-buy” rating to a “buy” rating in a research report on Friday, July 28th. KeyCorp reiterated a “buy” rating and issued a $37.00 price objective on shares of The Goodyear Tire & Rubber in a research report on Thursday, October 12th. Finally, Zacks Investment Research upgraded shares of The Goodyear Tire & Rubber from a “sell” rating to a “hold” rating and set a $37.00 price objective on the stock in a research report on Monday, October 9th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $37.55.

A number of large investors have recently added to or reduced their stakes in the business. Grimes & Company Inc. lifted its holdings in The Goodyear Tire & Rubber by 2.4% in the 3rd quarter. Grimes & Company Inc. now owns 167,418 shares of the company’s stock valued at $5,567,000 after purchasing an additional 3,867 shares in the last quarter. Swiss National Bank lifted its holdings in The Goodyear Tire & Rubber by 1.1% in the 3rd quarter. Swiss National Bank now owns 927,600 shares of the company’s stock valued at $30,843,000 after purchasing an additional 9,800 shares in the last quarter. IPG Investment Advisors LLC purchased a new position in The Goodyear Tire & Rubber in the 3rd quarter valued at about $5,831,000. Principal Financial Group Inc. lifted its holdings in The Goodyear Tire & Rubber by 0.6% in the 3rd quarter. Principal Financial Group Inc. now owns 670,709 shares of the company’s stock valued at $22,301,000 after purchasing an additional 4,331 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund lifted its holdings in The Goodyear Tire & Rubber by 15.2% in the 3rd quarter. Oregon Public Employees Retirement Fund now owns 146,118 shares of the company’s stock valued at $4,858,000 after purchasing an additional 19,322 shares in the last quarter. Institutional investors own 90.02% of the company’s stock.

The Goodyear Tire & Rubber Company Profile

The Goodyear Tire & Rubber Company is a manufacturer of tires. The Company operates through three segments. The Americas segment develops, manufactures, distributes and sells tires and related products and services in North, Central and South America, and sells tires to various export markets. The Americas segment manufactures and sells tires for automobiles, trucks, buses, earthmoving, mining and industrial equipment, aircraft and for various other applications.

Insider Buying and Selling by Quarter for The Goodyear Tire & Rubber (NASDAQ:GT)

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