Congruence Capital LLC Buys Shares of 178,311 Standard Motor Products, Inc. $SMP

Posted by Brenda Bartman on Jun 14th, 2026

Congruence Capital LLC bought a new stake in shares of Standard Motor Products, Inc. (NYSE:SMP – Free Report) during the 4th quarter, HoldingsChannel.com reports. The firm bought 178,311 shares of the auto parts company’s stock, valued at approximately $6,571,000. Standard Motor Products accounts for 2.4% of Congruence Capital LLC’s portfolio, making the stock its 18th largest position.

Several other large investors also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP raised its stake in Standard Motor Products by 0.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,386,382 shares of the auto parts company’s stock valued at $51,089,000 after purchasing an additional 4,927 shares during the period. Royce & Associates LP raised its stake in Standard Motor Products by 3.4% during the 4th quarter. Royce & Associates LP now owns 1,101,199 shares of the auto parts company’s stock valued at $40,579,000 after purchasing an additional 36,688 shares during the period. Gamco Investors INC. ET AL raised its stake in Standard Motor Products by 4.2% during the 4th quarter. Gamco Investors INC. ET AL now owns 980,264 shares of the auto parts company’s stock valued at $36,123,000 after purchasing an additional 39,710 shares during the period. State Street Corp raised its stake in Standard Motor Products by 0.6% during the 4th quarter. State Street Corp now owns 826,471 shares of the auto parts company’s stock valued at $30,455,000 after purchasing an additional 5,319 shares during the period. Finally, Geode Capital Management LLC raised its stake in Standard Motor Products by 0.3% during the 4th quarter. Geode Capital Management LLC now owns 503,039 shares of the auto parts company’s stock valued at $18,539,000 after purchasing an additional 1,268 shares during the period. 81.26% of the stock is owned by institutional investors and hedge funds.

Standard Motor Products Trading Up 0.7%

Standard Motor Products stock opened at $39.43 on Friday. The company’s fifty day simple moving average is $38.05 and its 200-day simple moving average is $38.61. The company has a quick ratio of 0.78, a current ratio of 2.23 and a debt-to-equity ratio of 0.86. Standard Motor Products, Inc. has a 12 month low of $29.44 and a 12 month high of $46.00. The stock has a market cap of $877.62 million, a P/E ratio of 19.33 and a beta of 0.81.

Standard Motor Products (NYSE:SMP – Get Free Report) last posted its quarterly earnings results on Thursday, April 30th. The auto parts company reported $0.82 EPS for the quarter, beating the consensus estimate of $0.73 by $0.09. Standard Motor Products had a net margin of 2.51% and a return on equity of 12.98%. The business had revenue of $451.17 million for the quarter, compared to analysts’ expectations of $429.07 million. As a group, sell-side analysts forecast that Standard Motor Products, Inc. will post 4.4 EPS for the current fiscal year.

Standard Motor Products Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Friday, May 15th were given a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 3.3%. The ex-dividend date of this dividend was Friday, May 15th. Standard Motor Products’s dividend payout ratio is presently 64.71%.

Analyst Ratings Changes

Several analysts have issued reports on the stock. Wall Street Zen downgraded shares of Standard Motor Products from a “strong-buy” rating to a “buy” rating in a research note on Saturday, March 7th. Weiss Ratings downgraded shares of Standard Motor Products from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, May 20th. Finally, 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. One analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $49.00.

Check Out Our Latest Report on SMP

Insider Buying and Selling

In other Standard Motor Products news, VP Ray Nicholas sold 5,822 shares of the stock in a transaction on Monday, June 8th. The shares were sold at an average price of $39.75, for a total transaction of $231,424.50. Following the transaction, the vice president directly owned 35,327 shares of the company’s stock, valued at $1,404,248.25. This represents a 14.15% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 5.00% of the stock is owned by insiders.

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.