123,555 Shares in Standard Motor Products, Inc. (NYSE:SMP) Bought by Franklin Resources Inc.

Franklin Resources Inc. acquired a new stake in shares of Standard Motor Products, Inc. (NYSE:SMP) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 123,555 shares of the auto parts company’s stock, valued at approximately $3,876,000. Franklin Resources Inc. owned about 0.57% of Standard Motor Products as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Royce & Associates LP grew its holdings in Standard Motor Products by 6.0% during the 3rd quarter. Royce & Associates LP now owns 1,295,997 shares of the auto parts company’s stock valued at $43,027,000 after purchasing an additional 73,476 shares during the last quarter. American Century Companies Inc. grew its stake in shares of Standard Motor Products by 19.5% during the second quarter. American Century Companies Inc. now owns 338,931 shares of the auto parts company’s stock valued at $9,399,000 after buying an additional 55,327 shares during the last quarter. Barclays PLC raised its holdings in shares of Standard Motor Products by 359.9% in the third quarter. Barclays PLC now owns 48,522 shares of the auto parts company’s stock worth $1,609,000 after buying an additional 37,971 shares during the period. Bank of Montreal Can bought a new stake in shares of Standard Motor Products during the 2nd quarter worth approximately $1,029,000. Finally, Rice Hall James & Associates LLC boosted its holdings in Standard Motor Products by 47.1% during the 3rd quarter. Rice Hall James & Associates LLC now owns 99,345 shares of the auto parts company’s stock valued at $3,298,000 after acquiring an additional 31,826 shares during the period. Hedge funds and other institutional investors own 81.26% of the company’s stock.

Standard Motor Products Stock Performance

SMP stock opened at $31.10 on Wednesday. Standard Motor Products, Inc. has a twelve month low of $26.09 and a twelve month high of $41.71. The firm has a market cap of $675.55 million, a price-to-earnings ratio of 19.20 and a beta of 0.52. The business’s fifty day simple moving average is $32.46 and its two-hundred day simple moving average is $31.32. The company has a quick ratio of 0.82, a current ratio of 2.25 and a debt-to-equity ratio of 0.21.

Standard Motor Products (NYSE:SMP) last announced its quarterly earnings data on Wednesday, October 30th. The auto parts company reported $1.28 earnings per share for the quarter, beating analysts’ consensus estimates of $1.09 by $0.19. The company had revenue of $399.27 million during the quarter, compared to analyst estimates of $396.10 million. Standard Motor Products had a net margin of 2.56% and a return on equity of 10.42%. The firm’s revenue for the quarter was up 3.3% on a year-over-year basis. During the same quarter last year, the business posted $1.11 EPS. Analysts predict that Standard Motor Products, Inc. will post 3.08 earnings per share for the current year.

Standard Motor Products Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Friday, November 15th were paid a $0.29 dividend. The ex-dividend date was Friday, November 15th. This represents a $1.16 annualized dividend and a yield of 3.73%. Standard Motor Products’s dividend payout ratio (DPR) is currently 71.60%.

Insiders Place Their Bets

In related news, insider Carmine Joseph Broccole sold 913 shares of Standard Motor Products stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $34.96, for a total transaction of $31,918.48. Following the transaction, the insider now directly owns 81,241 shares of the company’s stock, valued at $2,840,185.36. This trade represents a 1.11 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, VP Ray Nicholas sold 4,730 shares of the business’s stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $34.11, for a total transaction of $161,340.30. Following the completion of the transaction, the vice president now directly owns 46,385 shares of the company’s stock, valued at $1,582,192.35. This trade represents a 9.25 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 11,184 shares of company stock worth $387,041 in the last ninety days. 5.00% of the stock is owned by company insiders.

Standard Motor Products Profile

Standard Motor Products, Inc manufactures and distributes replacement automotive parts in the United States and internationally. The company operates through three segments: Vehicle Control, Temperature Control, and Engineered Solutions segments. The company provides components for the ignition, emissions, and fuel delivery systems, such as air injection and induction components, air management valves, regulators and solenoids, exhaust gas recirculation components, fuel injectors and related components, fuel valves, ignition coils, connectors and sockets, modules, pumps, relays and fuses, starting and charging system parts, and vapor and purge components.