Paccar executive chairman Mark Pigott sells $46 in common stock

Paccar executive chairman Mark Pigott sold a small fraction of his company stock on November 4, 2026, transferring 0.434 shares at $106.13 each, for a total of $46. This sale involved a fractional interest moving from the PACCAR Savings and Investment Plan to a direct registration account. Currently, PACCAR trades at $101.98, lower than the sale price, while the company boasts a market capitalization of $55 billion.

Post-transaction, Mr. Pigott holds 5,258,600 shares of PACCAR common stock, including 176,255 indirectly held through the SIP and 424,920 indirectly owned by his family. PACCAR has shown a consistent track record of dividend payments for 56 consecutive years, delivering a current yield of 2.48%. The company's latest quarterly earnings report for Q3 2026 exceeded expectations, with revenue of $7.94 billion versus forecasts of $7.54 billion.

Earnings per share stayed at $1.61, while net income surged by 44% to $847.5 million due to better truck profitability, record revenue from the Parts division, and steady financial services. Paccar encountered supply-chain hurdles and uncertainty over 2027 demand. Freedom Broker upgraded the stock to a Buy rating from Hold, but slashed the price target to $120 from $132, citing robust quarterly performance, improved truck margins, favorable pricing, and recovering North American demand. Supply constraints were cited as a limiting factor in deliveries.