Legal & General Group Plc Invests $2.13 Million in Standard Motor Products, Inc. $SMP

07 Sep 2026, 04:41 by Amy Steele · The Cerbat Gem

Legal & General Group Plc bought a new stake in shares of Standard Motor Products, Inc. (NYSE:SMP – Free Report) during the 2nd quarter, according to its most recent filing with the SEC. The fund bought 54,623 shares of the auto parts company’s stock, valued at approximately $2,129,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. BlackRock Inc. acquired a new position in shares of Standard Motor Products in the 2nd quarter worth approximately $158,258,000. Bank of New York Mellon Corp acquired a new stake in Standard Motor Products in the 2nd quarter valued at $10,882,000. Congruence Capital LLC bought a new stake in Standard Motor Products in the fourth quarter valued at $6,571,000. SG Americas Securities LLC raised its stake in Standard Motor Products by 207.8% during the first quarter. SG Americas Securities LLC now owns 259,180 shares of the auto parts company’s stock worth $9,004,000 after acquiring an additional 174,986 shares in the last quarter. Finally, BNP Paribas Financial Markets raised its stake in Standard Motor Products by 368.2% during the second quarter. BNP Paribas Financial Markets now owns 221,147 shares of the auto parts company’s stock worth $6,794,000 after acquiring an additional 173,912 shares in the last quarter. Institutional investors own 81.26% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. Zacks Research downgraded shares of Standard Motor Products from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 12th. Wall Street Zen upgraded shares of Standard Motor Products from a “hold” rating to a “buy” rating in a research report on Sunday, August 16th. Finally, Weiss Ratings upgraded shares of Standard Motor Products from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, July 28th. Two investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $49.00.

Get Our Latest Analysis on Standard Motor Products

Standard Motor Products Stock Performance

Shares of SMP opened at $41.42 on Monday. The company has a current ratio of 2.00, a quick ratio of 0.80 and a debt-to-equity ratio of 0.73. The firm has a fifty day simple moving average of $38.59 and a 200 day simple moving average of $38.38. The stock has a market capitalization of $925.32 million, a price-to-earnings ratio of 18.49 and a beta of 0.82. Standard Motor Products, Inc. has a 12 month low of $34.27 and a 12 month high of $46.00.

Standard Motor Products (NYSE:SMP – Get Free Report) last posted its quarterly earnings results on Tuesday, August 4th. The auto parts company reported $1.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.39 by $0.01. Standard Motor Products had a net margin of 2.78% and a return on equity of 13.28%. The firm had revenue of $526.72 million for the quarter, compared to analyst estimates of $511.68 million. During the same period in the prior year, the firm posted $1.13 earnings per share. Research analysts forecast that Standard Motor Products, Inc. will post 4.23 EPS for the current fiscal year.

Standard Motor Products Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 1st. Shareholders of record on Friday, August 14th were paid a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date was Friday, August 14th. Standard Motor Products’s dividend payout ratio is presently 58.93%.

Insider Transactions at Standard Motor Products

In other news, EVP Dale Burks sold 9,051 shares of Standard Motor Products stock in a transaction on Friday, August 14th. The stock was sold at an average price of $38.71, for a total value of $350,364.21. Following the transaction, the executive vice president owned 56,955 shares in the company, valued at approximately $2,204,728.05. This trade represents a 13.71% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders have sold 18,349 shares of company stock valued at $712,146 over the last quarter. Company insiders own 5.50% of the company’s stock.

Standard Motor Products Profile

(Free Report)

Standard Motor Products, Inc, headquartered in Long Island City, New York, is a leading manufacturer and distributor of aftermarket and original equipment automotive parts. Since its founding in 1919, the company has focused on engineering, testing, and supplying ignition and temperature management products for passenger cars and light trucks. Its product lineup includes ignition coils, spark plug wires, sensors, switches, heating and air conditioning controls, and related electronic components.

The company operates through two primary segments: Engine Management and Temperature Control.