Personal Capital Advisors Corp lifted its position in shares of Scotts Miracle-Gro Co (NYSE:SMG) by 7.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 185,769 shares of the basic materials company’s stock after acquiring an additional 13,218 shares during the period. Personal Capital Advisors Corp owned about 0.32% of Scotts Miracle-Gro worth $19,875,000 at the end of the most recent reporting period.
Several other hedge funds have also recently bought and sold shares of SMG. Caxton Associates LP acquired a new stake in Scotts Miracle-Gro in the third quarter worth $584,000. Assenagon Asset Management S.A. acquired a new stake in Scotts Miracle-Gro in the third quarter worth $487,000. Magnetar Financial LLC acquired a new stake in Scotts Miracle-Gro in the third quarter worth $2,218,000. California Public Employees Retirement System increased its position in Scotts Miracle-Gro by 10.7% in the third quarter. California Public Employees Retirement System now owns 133,233 shares of the basic materials company’s stock worth $12,969,000 after buying an additional 12,833 shares during the period. Finally, Vanguard Group Inc. increased its position in Scotts Miracle-Gro by 1.0% in the second quarter. Vanguard Group Inc. now owns 3,882,566 shares of the basic materials company’s stock worth $347,335,000 after buying an additional 39,851 shares during the period. 69.18% of the stock is currently owned by institutional investors and hedge funds.
SMG has been the topic of several analyst reports. JPMorgan Chase & Co. lowered Scotts Miracle-Gro from an “overweight” rating to a “neutral” rating and set a $99.00 target price on the stock. in a research report on Wednesday, November 8th. KeyCorp reaffirmed a “hold” rating on shares of Scotts Miracle-Gro in a research report on Monday, October 16th. Zacks Investment Research raised Scotts Miracle-Gro from a “sell” rating to a “hold” rating and set a $121.00 target price on the stock in a research report on Wednesday, January 10th. SunTrust Banks reaffirmed a “hold” rating and issued a $95.00 target price on shares of Scotts Miracle-Gro in a research report on Friday, November 10th. Finally, Bank of America increased their target price on Scotts Miracle-Gro from $107.00 to $110.00 and gave the stock a “buy” rating in a research report on Wednesday, November 8th. Five investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $106.25.
Scotts Miracle-Gro (NYSE:SMG) last issued its quarterly earnings results on Tuesday, November 7th. The basic materials company reported ($0.26) EPS for the quarter, beating analysts’ consensus estimates of ($0.30) by $0.04. The company had revenue of $376.70 million for the quarter, compared to analyst estimates of $368.50 million. Scotts Miracle-Gro had a return on equity of 37.81% and a net margin of 7.51%. The company’s quarterly revenue was up 8.0% compared to the same quarter last year. During the same period last year, the company earned ($0.30) earnings per share. equities analysts anticipate that Scotts Miracle-Gro Co will post 4.42 EPS for the current fiscal year.
In other news, EVP Ivan C. Smith sold 6,587 shares of the firm’s stock in a transaction on Friday, November 17th. The stock was sold at an average price of $97.74, for a total transaction of $643,813.38. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 29.14% of the stock is currently owned by company insiders.
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Scotts Miracle-Gro Company 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.
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