Shares of Standard Motor Products Inc. (NYSE:SMP) have earned an average rating of “Buy” from the six research firms that are currently covering the company. Four equities research analysts have rated the stock with a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $48.75.

Several research analysts recently weighed in on SMP shares. Jefferies Group restated a “buy” rating and issued a $56.00 price objective on shares of Standard Motor Products in a research report on Wednesday, October 19th. Zacks Investment Research upgraded shares of Standard Motor Products from a “hold” rating to a “strong-buy” rating and set a $55.00 price target on the stock in a research report on Wednesday, October 19th. Finally, FBR & Co increased their price target on shares of Standard Motor Products from $38.00 to $40.00 and gave the company a “mkt perform” rating in a research report on Thursday, August 4th.

Standard Motor Products (NYSE:SMP) opened at 50.82 on Tuesday. Standard Motor Products has a 12 month low of $29.69 and a 12 month high of $51.60. The stock has a 50 day moving average of $48.40 and a 200 day moving average of $43.32. The company has a market capitalization of $1.16 billion, a price-to-earnings ratio of 20.41 and a beta of 1.74.

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

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 dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.34%. The ex-dividend date of this dividend is Thursday, November 10th. Standard Motor Products’s dividend payout ratio (DPR) is presently 27.31%.

In other news, EVP Dale Burks sold 2,701 shares of the stock in a transaction that occurred on Tuesday, November 8th. The stock was sold at an average price of $47.76, for a total transaction of $128,999.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP James J. Burke sold 4,300 shares of the stock in a transaction that occurred on Monday, November 7th. The shares were sold at an average price of $48.11, for a total value of $206,873.00. Following the sale, the executive vice president now directly owns 47,266 shares of the company’s stock, valued at approximately $2,273,967.26. The disclosure for this sale can be found here. Insiders own 6.50% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the stock. California State Teachers Retirement System raised its stake in Standard Motor Products by 6.5% in the second quarter. California State Teachers Retirement System now owns 45,045 shares of the company’s stock worth $1,792,000 after buying an additional 2,765 shares during the period. Bank of New York Mellon Corp raised its stake in Standard Motor Products by 13.2% in the second quarter. Bank of New York Mellon Corp now owns 391,004 shares of the company’s stock worth $15,554,000 after buying an additional 45,608 shares during the period. Northpointe Capital LLC raised its stake in Standard Motor Products by 15.0% in the second quarter. Northpointe Capital LLC now owns 198,422 shares of the company’s stock worth $7,893,000 after buying an additional 25,834 shares during the period. Monarch Partners Asset Management LLC raised its stake in Standard Motor Products by 2.7% in the second quarter. Monarch Partners Asset Management LLC now owns 6,581 shares of the company’s stock worth $262,000 after buying an additional 170 shares during the period. Finally, First Midwest Bank Trust Division raised its stake in Standard Motor Products by 47.2% in the second quarter. First Midwest Bank Trust Division now owns 10,671 shares of the company’s stock worth $424,000 after buying an additional 3,424 shares during the period. 81.78% of the stock is owned by hedge funds and other institutional investors.

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Standard Motor Products Company Profile

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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