Standard Motor Products Inc. (NYSE:SMP) Director Frederick D. Sturdivant sold 500 shares of the firm’s stock in a transaction dated Wednesday, November 9th. The shares were sold at an average price of $47.31, for a total value of $23,655.00. Following the transaction, the director now directly owns 28,729 shares of the company’s stock, valued at approximately $1,359,168.99. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Standard Motor Products Inc. (NYSE:SMP) opened at 50.13 on Tuesday. The firm has a market cap of $1.14 billion, a price-to-earnings ratio of 20.13 and a beta of 1.74. Standard Motor Products Inc. has a 52-week low of $29.69 and a 52-week high of $51.30. The company has a 50 day moving average price of $47.70 and a 200-day moving average price of $42.65.

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

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

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 1st. Shareholders 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 1.36%. The ex-dividend date is Thursday, November 10th. Standard Motor Products’s dividend payout ratio is presently 27.31%.

Several research analysts recently weighed in on the company. FBR & Co raised their target price on Standard Motor Products from $38.00 to $40.00 and gave the company a “mkt perform” rating in a research note on Thursday, August 4th. Zacks Investment Research raised Standard Motor Products from a “hold” rating to a “strong-buy” rating and set a $50.00 target price for the company in a research note on Friday, August 5th. Finally, Jefferies Group raised their target price on Standard Motor Products from $45.00 to $50.00 and gave the company a “buy” rating in a research note on Thursday, August 4th. Four analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $48.75.

Large investors have recently modified their holdings of the stock. FMR LLC increased its stake 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 increased its stake 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 increased its stake 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. Perkins Investment Management LLC increased its stake in shares of Standard Motor Products by 1.9% in the third quarter. Perkins Investment Management LLC now owns 1,299,914 shares of the company’s stock worth $62,084,000 after buying an additional 24,657 shares in the last quarter. Finally, Vanguard Group Inc. increased its stake 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. 80.02% of the stock is currently 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

Receive News & Stock Ratings for Standard Motor Products Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Standard Motor Products Inc. and related stocks with our FREE daily email newsletter.