Standard Motor Products Inc. (NYSE:SMP) EVP Dale Burks sold 2,701 shares of Standard Motor Products stock in a transaction that occurred on Tuesday, November 8th. The shares were sold at an average price of $47.76, for a total transaction of $128,999.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Dale Burks also recently made the following trade(s):

  • On Monday, October 10th, Dale Burks sold 900 shares of Standard Motor Products stock. The stock was sold at an average price of $47.06, for a total transaction of $42,354.00.

Standard Motor Products Inc. (NYSE:SMP) opened at 49.67 on Friday. Standard Motor Products Inc. has a one year low of $29.69 and a one year high of $50.07. The firm has a market capitalization of $1.13 billion, a P/E ratio of 19.95 and a beta of 1.74. The company’s 50-day moving average is $47.51 and its 200-day moving average is $42.33.

Standard Motor Products (NYSE:SMP) last announced its quarterly earnings data on Thursday, October 27th. The company reported $0.92 EPS for the quarter, topping the consensus estimate of $0.91 by $0.01. The company earned $300.80 million during the quarter, compared to the consensus estimate of $300.67 million. Standard Motor Products had a net margin of 5.54% and a return on equity of 15.04%. The company’s quarterly revenue was up 11.4% on a year-over-year basis. During the same quarter last year, the firm posted $0.80 EPS. Equities analysts forecast that Standard Motor Products Inc. will post $2.87 earnings per share for the current fiscal year.

Insider Buying and Selling by Quarter for Standard Motor Products (NYSE:SMP)

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 1st. Investors of record on Tuesday, November 15th will be issued a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.37%. The ex-dividend date is Thursday, November 10th. Standard Motor Products’s dividend payout ratio is currently 27.31%.

Several institutional investors have recently modified their holdings of SMP. FMR LLC boosted its position in shares of Standard Motor Products by 3.2% in the second quarter. FMR LLC now owns 1,702,756 shares of the company’s stock worth $67,736,000 after buying an additional 52,553 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Standard Motor Products by 0.8% in the second quarter. Dimensional Fund Advisors LP now owns 1,608,048 shares of the company’s stock worth $63,967,000 after buying an additional 12,148 shares in the last quarter. BlackRock Fund Advisors boosted its position in shares of Standard Motor Products by 8.6% in the third quarter. BlackRock Fund Advisors now owns 1,439,219 shares of the company’s stock worth $68,737,000 after buying an additional 114,106 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of Standard Motor Products by 5.8% in the second quarter. Vanguard Group Inc. now owns 914,466 shares of the company’s stock worth $36,378,000 after buying an additional 49,953 shares in the last quarter. Finally, Macquarie Group Ltd. boosted its position in shares of Standard Motor Products by 3.2% in the second quarter. Macquarie Group Ltd. now owns 821,480 shares of the company’s stock worth $32,678,000 after buying an additional 25,310 shares in the last quarter. Institutional investors own 80.99% of the company’s stock.

A number of brokerages have recently commented on SMP. Zacks Investment Research raised shares of Standard Motor Products from a “hold” rating to a “strong-buy” rating and set a $55.00 price objective on the stock in a research report on Wednesday, October 19th. Jefferies Group reissued a “buy” rating and issued a $56.00 price objective on shares of Standard Motor Products in a research report on Wednesday, October 19th. Finally, FBR & Co boosted their price objective on shares of Standard Motor Products from $38.00 to $40.00 and gave the stock a “mkt perform” rating in a research report on Thursday, August 4th. Four investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $48.75.

About Standard Motor Products

Standard Motor Products, Inc is a manufacturer and distributor of replacement parts for motor vehicles in the automotive aftermarket industry with a focus on heavy duty, industrial equipment and the original equipment service market. The Company operates through two segments: Engine Management Segment and Temperature Control Segment.

5 Day Chart for NYSE:SMP

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