Scotts Miracle-Gro Company (The) (SMG) Major Shareholder Sells $1,508,800.00 in Stock

Scotts Miracle-Gro Company (The) (NYSE:SMG) major shareholder Paul Hagedorn sold 16,000 shares of the company’s stock in a transaction dated Friday, September 8th. The shares were sold at an average price of $94.30, for a total transaction of $1,508,800.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Major shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

Scotts Miracle-Gro Company (SMG) traded up 0.376% during trading on Tuesday, reaching $94.655. The company’s stock had a trading volume of 181,811 shares. Scotts Miracle-Gro Company has a 12 month low of $79.33 and a 12 month high of $99.91. The stock has a market cap of $5.53 billion, a PE ratio of 25.541 and a beta of 0.39. The company’s 50-day moving average is $95.18 and its 200-day moving average is $91.94.

Scotts Miracle-Gro Company (The) (NYSE:SMG) last posted its quarterly earnings data on Tuesday, August 1st. The basic materials company reported $2.63 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.51 by $0.12. Scotts Miracle-Gro Company (The) had a return on equity of 36.28% and a net margin of 7.85%. The business had revenue of $1.08 billion for the quarter, compared to analysts’ expectations of $1.06 billion. During the same quarter in the previous year, the firm earned $2.16 earnings per share. The business’s revenue was up 8.5% on a year-over-year basis. Equities analysts expect that Scotts Miracle-Gro Company will post $4.09 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 8th. Investors of record on Friday, August 25th were issued a dividend of $0.53 per share. This is a boost from Scotts Miracle-Gro Company (The)’s previous quarterly dividend of $0.50. The ex-dividend date of this dividend was Wednesday, August 23rd. This represents a $2.12 dividend on an annualized basis and a yield of 2.25%. Scotts Miracle-Gro Company (The)’s dividend payout ratio is 55.64%.

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A number of analysts have recently commented on SMG shares. BidaskClub raised Scotts Miracle-Gro Company (The) from a “sell” rating to a “hold” rating in a research note on Wednesday, August 2nd. KeyCorp reissued a “hold” rating on shares of Scotts Miracle-Gro Company (The) in a research note on Monday, August 28th. Finally, Zacks Investment Research raised Scotts Miracle-Gro Company (The) from a “sell” rating to a “hold” rating in a research note on Saturday, August 5th. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $101.00.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. World Asset Management Inc increased its stake in Scotts Miracle-Gro Company (The) by 0.5% in the 2nd quarter. World Asset Management Inc now owns 3,135 shares of the basic materials company’s stock worth $280,000 after acquiring an additional 17 shares during the last quarter. Glen Harbor Capital Management LLC increased its position in shares of Scotts Miracle-Gro Company (The) by 2.4% during the 1st quarter. Glen Harbor Capital Management LLC now owns 1,392 shares of the basic materials company’s stock valued at $130,000 after purchasing an additional 32 shares during the last quarter. Tyers Asset Management LLC increased its position in shares of Scotts Miracle-Gro Company (The) by 2.4% during the 1st quarter. Tyers Asset Management LLC now owns 1,914 shares of the basic materials company’s stock valued at $179,000 after purchasing an additional 44 shares during the last quarter. US Bancorp DE increased its position in shares of Scotts Miracle-Gro Company (The) by 0.3% during the 2nd quarter. US Bancorp DE now owns 15,101 shares of the basic materials company’s stock valued at $1,351,000 after purchasing an additional 49 shares during the last quarter. Finally, Flinton Capital Management LLC increased its position in shares of Scotts Miracle-Gro Company (The) by 2.4% during the 1st quarter. Flinton Capital Management LLC now owns 2,436 shares of the basic materials company’s stock valued at $228,000 after purchasing an additional 56 shares during the last quarter. Institutional investors and hedge funds own 69.04% of the company’s stock.

Scotts Miracle-Gro Company (The) 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.

Insider Buying and Selling by Quarter for Scotts Miracle-Gro Company (The) (NYSE:SMG)

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