Bbva Compass Bancshares Inc. cut its stake in shares of Scotts Miracle-Gro Co (NYSE:SMG) by 2.6% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 22,984 shares of the basic materials company’s stock after selling 620 shares during the quarter. Bbva Compass Bancshares Inc.’s holdings in Scotts Miracle-Gro were worth $2,459,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Caxton Associates LP purchased a new stake in Scotts Miracle-Gro during the 3rd quarter worth $584,000. California Public Employees Retirement System boosted its position in Scotts Miracle-Gro by 10.7% during the 3rd quarter. California Public Employees Retirement System now owns 133,233 shares of the basic materials company’s stock worth $12,969,000 after purchasing an additional 12,833 shares during the period. Magnetar Financial LLC purchased a new stake in Scotts Miracle-Gro during the 3rd quarter worth $2,218,000. Stifel Financial Corp boosted its position in Scotts Miracle-Gro by 16.0% during the 3rd quarter. Stifel Financial Corp now owns 38,950 shares of the basic materials company’s stock worth $3,793,000 after purchasing an additional 5,375 shares during the period. Finally, TT International boosted its position in Scotts Miracle-Gro by 29.6% during the 3rd quarter. TT International now owns 84,587 shares of the basic materials company’s stock worth $8,233,000 after purchasing an additional 19,324 shares during the period. 64.87% of the stock is owned by institutional investors.
In other Scotts Miracle-Gro news, Director Katherine Littlefield Hagedorn sold 2,892 shares of the business’s stock in a transaction on Monday, February 5th. The shares were sold at an average price of $89.50, for a total value of $258,834.00. Following the transaction, the director now owns 9,043 shares in the company, valued at approximately $809,348.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 29.14% of the company’s stock.
Scotts Miracle-Gro (NYSE:SMG) last issued its quarterly earnings data on Tuesday, January 30th. The basic materials company reported ($1.08) EPS for the quarter, missing analysts’ consensus estimates of ($0.92) by ($0.16). Scotts Miracle-Gro had a return on equity of 38.33% and a net margin of 9.11%. The firm had revenue of $221.50 million during the quarter, compared to analyst estimates of $237.21 million. During the same quarter in the prior year, the firm earned ($0.96) EPS. The business’s quarterly revenue was down 10.3% compared to the same quarter last year. equities analysts expect that Scotts Miracle-Gro Co will post 4.7 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 9th. Shareholders of record on Friday, February 23rd will be issued a $0.53 dividend. The ex-dividend date of this dividend is Thursday, February 22nd. This represents a $2.12 dividend on an annualized basis and a yield of 2.31%. Scotts Miracle-Gro’s dividend payout ratio is currently 53.27%.
A number of analysts recently weighed in on SMG shares. Bank of America upped their price target on shares of Scotts Miracle-Gro from $107.00 to $110.00 and gave the stock a “buy” rating in a research report on Wednesday, November 8th. Zacks Investment Research raised shares of Scotts Miracle-Gro from a “hold” rating to a “buy” rating and set a $103.00 price target for the company in a research report on Thursday, February 1st. KeyCorp reaffirmed a “hold” rating on shares of Scotts Miracle-Gro in a research report on Saturday, November 25th. SunTrust Banks reaffirmed a “hold” rating and set a $95.00 price target on shares of Scotts Miracle-Gro in a research report on Friday, November 10th. Finally, JPMorgan Chase & Co. cut shares of Scotts Miracle-Gro from an “overweight” rating to a “neutral” rating and set a $99.00 price target for the company. in a research report on Wednesday, November 8th. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $104.25.
WARNING: This piece was posted by Ticker Report and is the property of of Ticker Report. If you are accessing this piece on another website, it was illegally stolen and reposted in violation of United States & international trademark & copyright law. The legal version of this piece can be accessed at https://www.tickerreport.com/banking-finance/3224856/bbva-compass-bancshares-inc-lowers-stake-in-scotts-miracle-gro-co-smg.html.
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.
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 Co (NYSE:SMG).
Receive News & Ratings for Scotts Miracle-Gro Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Scotts Miracle-Gro and related companies with MarketBeat.com's FREE daily email newsletter.