Standard Motor Products Inc. (NYSE:SMP) Director Peter J. Sills sold 15,000 shares of the business’s stock in a transaction on Monday, November 28th. The shares were sold at an average price of $51.01, for a total transaction of $765,150.00. Following the sale, the director now owns 376,001 shares of the company’s stock, valued at approximately $19,179,811.01. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Standard Motor Products Inc. (NYSE:SMP) opened at 50.92 on Wednesday. The firm has a market cap of $1.16 billion, a P/E ratio of 20.45 and a beta of 1.74. Standard Motor Products Inc. has a one year low of $29.69 and a one year high of $51.76. The stock’s 50 day moving average is $48.64 and its 200 day moving average is $43.61.

Standard Motor Products (NYSE:SMP) last announced its earnings results on Thursday, October 27th. The company reported $0.92 earnings per share for the quarter, beating the Zacks’ consensus estimate 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 company earned $300.80 million during the quarter, compared to analyst estimates of $300.67 million. During the same period last year, the company posted $0.80 earnings per share. The firm’s quarterly revenue was up 11.4% compared to the same quarter last year. On average, equities research analysts expect 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 firm also recently announced 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. The ex-dividend date is Thursday, November 10th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.34%. Standard Motor Products’s dividend payout ratio (DPR) is presently 27.31%.

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Several hedge funds have recently made changes to their positions in SMP. PineBridge Investments L.P. raised 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 worth $100,000 after buying an additional 187 shares during the period. Teacher Retirement System of Texas raised its stake in shares of Standard Motor Products by 13.7% in the second quarter. Teacher Retirement System of Texas now owns 2,838 shares of the company’s stock worth $113,000 after buying an additional 341 shares during the period. SG Americas Securities LLC acquired a new stake in shares of Standard Motor Products during the third quarter worth $121,000. Creative Planning raised its stake in shares of Standard Motor Products by 15.2% in the third quarter. Creative Planning now owns 2,550 shares of the company’s stock worth $122,000 after buying an additional 337 shares during the period. Finally, BlackRock Inc. raised its stake in shares of Standard Motor Products by 216.2% in the second quarter. BlackRock Inc. now owns 3,772 shares of the company’s stock worth $150,000 after buying an additional 2,579 shares during the period. Institutional investors own 80.03% of the company’s stock.

Several analysts have weighed in on the stock. FBR & Co boosted their target price on shares of 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 shares of Standard Motor Products from a “hold” rating to a “strong-buy” rating and set a $50.00 price target for the company in a report on Friday, August 5th. Finally, Jefferies Group boosted their price target on shares of Standard Motor Products from $45.00 to $50.00 and gave the company a “buy” rating in a report 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. The stock currently 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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