Northwestern Mutual Investment Management Company LLC Purchases 191 Shares of Scotts Miracle-Gro Company (The) (SMG)

Northwestern Mutual Investment Management Company LLC lifted its position in Scotts Miracle-Gro Company (The) (NYSE:SMG) by 2.5% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 7,822 shares of the basic materials company’s stock after buying an additional 191 shares during the quarter. Northwestern Mutual Investment Management Company LLC’s holdings in Scotts Miracle-Gro Company (The) were worth $547,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. FNY Managed Accounts LLC bought a new stake in shares of Scotts Miracle-Gro Company (The) in the 1st quarter valued at approximately $103,000. Glen Harbor Capital Management LLC grew its stake in shares of Scotts Miracle-Gro Company (The) by 2.4% in 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 buying an additional 32 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Scotts Miracle-Gro Company (The) by 7.5% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,664 shares of the basic materials company’s stock valued at $149,000 after buying an additional 116 shares in the last quarter. Tyers Asset Management LLC grew its stake in shares of Scotts Miracle-Gro Company (The) by 2.4% in the 1st quarter. Tyers Asset Management LLC now owns 1,914 shares of the basic materials company’s stock valued at $179,000 after buying an additional 44 shares in the last quarter. Finally, Delta Asset Management LLC TN grew its stake in shares of Scotts Miracle-Gro Company (The) by 3.8% in the 2nd quarter. Delta Asset Management LLC TN now owns 2,025 shares of the basic materials company’s stock valued at $181,000 after buying an additional 75 shares in the last quarter. 69.04% of the stock is owned by institutional investors and hedge funds.

In other Scotts Miracle-Gro Company (The) news, major shareholder Paul Hagedorn sold 16,000 shares of the firm’s stock in a transaction that occurred on Friday, September 8th. The stock was sold at an average price of $94.30, for a total value of $1,508,800.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, 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 shares were sold at an average price of $94.37, for a total value of $3,019,840.00. Following the completion of the transaction, the insider now owns 15,759,274 shares of the company’s stock, valued at $1,487,202,687.38. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 254,859 shares of company stock valued at $24,364,693. Corporate insiders own 28.16% of the company’s stock.

Shares of Scotts Miracle-Gro Company (NYSE SMG) opened at 94.84 on Wednesday. The company has a market cap of $5.54 billion, a PE ratio of 25.59 and a beta of 0.39. The firm’s 50-day moving average price is $95.16 and its 200-day moving average price is $91.96. Scotts Miracle-Gro Company has a 12 month low of $79.33 and a 12 month high of $99.91.

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

The business also recently declared a quarterly dividend, which was paid on Friday, September 8th. Shareholders of record on Friday, August 25th were paid a $0.53 dividend. This represents a $2.12 dividend on an annualized basis and a yield of 2.24%. This is an increase from Scotts Miracle-Gro Company (The)’s previous quarterly dividend of $0.50. The ex-dividend date was Wednesday, August 23rd. Scotts Miracle-Gro Company (The)’s dividend payout ratio (DPR) is currently 55.64%.

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Several equities research analysts recently commented on the company. 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 analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $101.00.

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.

Want to see what other hedge funds are holding SMG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Scotts Miracle-Gro Company (The) (NYSE:SMG).

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

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