Scotts Miracle-Gro Company (The) (NYSE:SMG) Shares Sold by State Treasurer State of Michigan

State Treasurer State of Michigan lowered its holdings in Scotts Miracle-Gro Company (The) (NYSE:SMG) by 15.4% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 15,375 shares of the basic materials company’s stock after selling 2,800 shares during the quarter. State Treasurer State of Michigan’s holdings in Scotts Miracle-Gro Company (The) were worth $1,497,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. OppenheimerFunds Inc. grew its stake in Scotts Miracle-Gro Company (The) by 60.2% during the 1st quarter. OppenheimerFunds Inc. now owns 7,820 shares of the basic materials company’s stock worth $730,000 after buying an additional 2,940 shares during the last quarter. Wellington Management Group LLP purchased a new position in Scotts Miracle-Gro Company (The) during the 1st quarter worth approximately $241,000. State Street Corp grew its stake in Scotts Miracle-Gro Company (The) by 1.2% during the 1st quarter. State Street Corp now owns 1,166,072 shares of the basic materials company’s stock worth $108,897,000 after buying an additional 13,422 shares during the last quarter. Janus Capital Management LLC grew its stake in Scotts Miracle-Gro Company (The) by 52.8% during the 1st quarter. Janus Capital Management LLC now owns 145,500 shares of the basic materials company’s stock worth $13,588,000 after buying an additional 50,300 shares during the last quarter. Finally, Point72 Asset Management L.P. purchased a new position in Scotts Miracle-Gro Company (The) during the 1st quarter worth approximately $794,000. Institutional investors and hedge funds own 68.34% of the company’s stock.

In other news, major shareholder Hagedorn Partnership, L.P. sold 32,000 shares of the firm’s stock in a transaction that occurred on Monday, August 28th. The stock was sold at an average price of $94.37, for a total value of $3,019,840.00. Following the completion of the sale, the insider now directly owns 15,759,274 shares of the company’s stock, valued at approximately $1,487,202,687.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Paul Hagedorn sold 16,000 shares of the firm’s stock in a transaction that occurred on Friday, September 8th. The shares were sold at an average price of $94.30, for a total value of $1,508,800.00. The disclosure for this sale can be found here. Insiders have sold a total of 70,226 shares of company stock valued at $6,661,305 over the last ninety days. 28.16% of the stock is owned by insiders.

Scotts Miracle-Gro Company (NYSE:SMG) traded down $0.95 during trading on Wednesday, reaching $98.15. The company’s stock had a trading volume of 276,900 shares, compared to its average volume of 426,005. Scotts Miracle-Gro Company has a 52 week low of $81.48 and a 52 week high of $102.50. The company has a quick ratio of 0.87, a current ratio of 1.62 and a debt-to-equity ratio of 1.90. The firm has a market cap of $5,788.56, a PE ratio of 23.65, a price-to-earnings-growth ratio of 2.34 and a beta of 0.37.

Scotts Miracle-Gro Company (The) (NYSE:SMG) last posted its quarterly earnings data on Tuesday, November 7th. The basic materials company reported ($0.26) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.30) by $0.04. Scotts Miracle-Gro Company (The) had a return on equity of 37.81% and a net margin of 7.51%. The company had revenue of $376.70 million during the quarter, compared to analysts’ expectations of $368.50 million. During the same period last year, the firm earned ($0.30) EPS. The firm’s revenue for the quarter was up 8.0% on a year-over-year basis. equities analysts predict that Scotts Miracle-Gro Company will post 4.3 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 8th. Shareholders of record on Friday, November 24th will be given a dividend of $0.53 per share. The ex-dividend date of this dividend is Wednesday, November 22nd. This represents a $2.12 dividend on an annualized basis and a yield of 2.16%. Scotts Miracle-Gro Company (The)’s payout ratio is 58.89%.

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A number of research analysts recently issued reports on the company. Zacks Investment Research upgraded Scotts Miracle-Gro Company (The) from a “sell” rating to a “hold” rating in a research note on Saturday, August 5th. Bank of America Corporation raised their price target on Scotts Miracle-Gro Company (The) from $107.00 to $110.00 and gave the stock a “buy” rating in a research note on Wednesday, November 8th. J P Morgan Chase & Co downgraded Scotts Miracle-Gro Company (The) from an “overweight” rating to a “neutral” rating and set a $99.00 price target on the stock. in a research note on Wednesday, November 8th. KeyCorp restated a “hold” rating on shares of Scotts Miracle-Gro Company (The) in a research note on Monday, October 16th. Finally, SunTrust Banks, Inc. restated a “hold” rating and set a $95.00 price target on shares of Scotts Miracle-Gro Company (The) in a research note on Friday, November 10th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $101.33.

Scotts Miracle-Gro Company (The) Profile

The Scotts Miracle-Gro Company (Scotts Miracle-Gro) is a manufacturer and marketer of branded consumer lawn and garden products. The Company’s segments include Global Consumer. In North America, its brands include Scotts and Turf Builder lawn and grass seed products; Miracle-Gro, Nature’s Care, Scotts, LiquaFeed and Osmocote gardening and landscape products; and Ortho, Roundup, Home Defense and Tomcat branded insect control, weed control and rodent control products.

Institutional Ownership by Quarter for Scotts Miracle-Gro Company (The) (NYSE:SMG)

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