Standard Motor Products Inc. (NYSE:SMP) EVP James J. Burke sold 4,300 shares of Standard Motor Products stock in a transaction that occurred on Monday, November 7th. The stock was sold at an average price of $48.11, for a total value of $206,873.00. Following the transaction, the executive vice president now owns 47,266 shares of the company’s stock, valued at $2,273,967.26. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

Shares of Standard Motor Products Inc. (NYSE:SMP) opened at 50.20 on Monday. The company’s 50-day moving average price is $47.60 and its 200 day moving average price is $42.44. The firm has a market capitalization of $1.15 billion, a PE ratio of 20.16 and a beta of 1.74. Standard Motor Products Inc. has a 12-month low of $29.69 and a 12-month high of $50.93.

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

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

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 1st. Stockholders of record on Tuesday, November 15th will be paid a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 1.35%. The ex-dividend date is Thursday, November 10th. Standard Motor Products’s dividend payout ratio (DPR) is presently 27.31%.

Several research analysts have recently commented on SMP shares. Jefferies Group reiterated a “buy” rating and set a $56.00 target price on shares of Standard Motor Products in a research note on Wednesday, October 19th. Zacks Investment Research upgraded Standard Motor Products from a “hold” rating to a “strong-buy” rating and set a $55.00 target price for the company in a research note on Wednesday, October 19th. Finally, FBR & Co lifted their target price on Standard Motor Products from $38.00 to $40.00 and gave the stock a “mkt perform” rating in a research note on Thursday, August 4th. Four research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. Standard Motor Products has an average rating of “Buy” and an average target price of $48.75.

Hedge funds have recently modified their holdings of the company. BlackRock Fund Advisors increased its stake in shares of Standard Motor Products by 1.2% in the first quarter. BlackRock Fund Advisors now owns 1,240,428 shares of the company’s stock valued at $42,981,000 after buying an additional 14,400 shares during the period. TIAA CREF Investment Management LLC increased its stake in shares of Standard Motor Products by 11.8% in the first quarter. TIAA CREF Investment Management LLC now owns 104,867 shares of the company’s stock valued at $3,634,000 after buying an additional 11,103 shares during the period. Principal Financial Group Inc. increased its stake in shares of Standard Motor Products by 7.6% in the second quarter. Principal Financial Group Inc. now owns 145,849 shares of the company’s stock valued at $5,802,000 after buying an additional 10,299 shares during the period. Wellington Management Group LLP increased its stake in shares of Standard Motor Products by 3.8% in the first quarter. Wellington Management Group LLP now owns 594,982 shares of the company’s stock valued at $20,615,000 after buying an additional 21,887 shares during the period. Finally, PineBridge Investments L.P. increased its stake in shares of Standard Motor Products by 8.1% in the second quarter. PineBridge Investments L.P. now owns 2,504 shares of the company’s stock valued at $100,000 after buying an additional 187 shares during the period. 80.02% of the stock is owned by hedge funds and other institutional investors.

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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