Ladenburg Thalmann Financial Services Inc. Has $446,000 Stake in Scotts Miracle-Gro Co (SMG)

Ladenburg Thalmann Financial Services Inc. increased its position in Scotts Miracle-Gro Co (NYSE:SMG) by 32.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,162 shares of the basic materials company’s stock after purchasing an additional 1,019 shares during the quarter. Ladenburg Thalmann Financial Services Inc.’s holdings in Scotts Miracle-Gro were worth $446,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the company. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Scotts Miracle-Gro by 37.3% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,492 shares of the basic materials company’s stock valued at $267,000 after purchasing an additional 677 shares during the period. Ellington Management Group LLC boosted its stake in shares of Scotts Miracle-Gro by 27.0% in the fourth quarter. Ellington Management Group LLC now owns 4,700 shares of the basic materials company’s stock valued at $503,000 after purchasing an additional 1,000 shares during the period. Gerber Kawasaki Wealth & Investment Management boosted its stake in shares of Scotts Miracle-Gro by 2.5% in the fourth quarter. Gerber Kawasaki Wealth & Investment Management now owns 41,153 shares of the basic materials company’s stock valued at $4,402,000 after purchasing an additional 1,021 shares during the period. First Allied Advisory Services Inc. boosted its stake in shares of Scotts Miracle-Gro by 45.7% in the fourth quarter. First Allied Advisory Services Inc. now owns 3,415 shares of the basic materials company’s stock valued at $369,000 after purchasing an additional 1,071 shares during the period. Finally, Steward Partners Investment Advisory LLC boosted its stake in shares of Scotts Miracle-Gro by 2,291.7% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,148 shares of the basic materials company’s stock valued at $122,000 after purchasing an additional 1,100 shares during the period. Institutional investors and hedge funds own 66.63% of the company’s stock.

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Several research analysts have recently weighed in on the stock. Zacks Investment Research upgraded shares of Scotts Miracle-Gro from a “hold” rating to a “buy” rating and set a $103.00 target price for the company in a research note on Thursday, February 1st. Bank of America set a $120.00 price target on shares of Scotts Miracle-Gro and gave the company a “buy” rating in a report on Tuesday, January 30th. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $104.25.

SMG opened at $83.77 on Friday. The firm has a market capitalization of $4,867.04, a P/E ratio of 21.26, a P/E/G ratio of 1.63 and a beta of 0.27. The company has a debt-to-equity ratio of 3.34, a quick ratio of 0.61 and a current ratio of 2.09. Scotts Miracle-Gro Co has a 12-month low of $81.48 and a 12-month high of $110.12.

Scotts Miracle-Gro (NYSE:SMG) last posted its quarterly earnings results on Tuesday, January 30th. The basic materials company reported ($1.08) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.92) by ($0.16). The company had revenue of $221.50 million during the quarter, compared to analyst estimates of $237.21 million. Scotts Miracle-Gro had a net margin of 9.11% and a return on equity of 38.33%. The company’s revenue was down 10.3% on a year-over-year basis. During the same period in the prior year, the company earned ($0.96) earnings per share. equities research analysts anticipate that Scotts Miracle-Gro Co will post 4.7 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, March 9th. Investors of record on Friday, February 23rd were issued a $0.53 dividend. The ex-dividend date of this dividend was Thursday, February 22nd. This represents a $2.12 annualized dividend and a yield of 2.53%. Scotts Miracle-Gro’s dividend payout ratio is presently 53.81%.

In related news, Director Katherine Littlefield Hagedorn sold 2,892 shares of the company’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 sale, the director now directly owns 9,043 shares of the company’s stock, valued at $809,348.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 29.14% of the company’s stock.

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About Scotts Miracle-Gro

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

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