Scotts Miracle-Gro Company (The) (SMG) Shares Sold by Teachers Advisors LLC

Teachers Advisors LLC decreased its stake in Scotts Miracle-Gro Company (The) (NYSE:SMG) by 79.3% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 45,495 shares of the basic materials company’s stock after selling 173,915 shares during the period. Teachers Advisors LLC owned approximately 0.08% of Scotts Miracle-Gro Company (The) worth $4,249,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in SMG. Ropes Wealth Advisors LLC bought a new position in shares of Scotts Miracle-Gro Company (The) during the first quarter valued at about $121,000. Glen Harbor Capital Management LLC increased its position in shares of Scotts Miracle-Gro Company (The) by 2.4% in the first 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 during the period. Creative Planning increased its position in shares of Scotts Miracle-Gro Company (The) by 4.3% in the first quarter. Creative Planning now owns 1,451 shares of the basic materials company’s stock valued at $135,000 after buying an additional 60 shares during the period. Acrospire Investment Management LLC bought a new position in shares of Scotts Miracle-Gro Company (The) during the first quarter valued at about $149,000. Finally, CENTRAL TRUST Co increased its position in shares of Scotts Miracle-Gro Company (The) by 10.1% in the first quarter. CENTRAL TRUST Co now owns 1,640 shares of the basic materials company’s stock valued at $153,000 after buying an additional 150 shares during the period. Institutional investors own 66.16% of the company’s stock.

Shares of Scotts Miracle-Gro Company (SMG) opened at 94.66 on Friday. The firm has a market capitalization of $5.53 billion, a P/E ratio of 25.54 and a beta of 0.40. Scotts Miracle-Gro Company has a 12-month low of $78.73 and a 12-month high of $99.91. The company has a 50-day moving average price of $94.15 and a 200-day moving average price of $91.72.

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, topping the consensus estimate of $2.51 by $0.12. The business 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 net margin of 7.85% and a return on equity of 36.28%. The firm’s revenue for the quarter was up 8.5% on a year-over-year basis. During the same period in the previous year, the firm posted $2.16 earnings per share. Equities analysts predict that Scotts Miracle-Gro Company will post $4.15 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 8th. Shareholders of record on Friday, August 25th will be paid a $0.53 dividend. The ex-dividend date is Wednesday, August 23rd. This is an increase from Scotts Miracle-Gro Company (The)’s previous quarterly dividend of $0.50. This represents a $2.12 annualized dividend and a yield of 2.24%. Scotts Miracle-Gro Company (The)’s payout ratio is currently 52.49%.

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A number of analysts recently weighed in on SMG shares. Zacks Investment Research upgraded Scotts Miracle-Gro Company (The) from a “sell” rating to a “hold” rating in a report on Saturday, August 5th. BidaskClub upgraded Scotts Miracle-Gro Company (The) from a “sell” rating to a “hold” rating in a report on Thursday, July 13th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Scotts Miracle-Gro Company (The) presently has an average rating of “Buy” and an average target price of $101.00.

In other Scotts Miracle-Gro Company (The) news, CFO Thomas Randal Coleman sold 13,973 shares of the business’s stock in a transaction dated Tuesday, August 8th. The shares were sold at an average price of $96.14, for a total value of $1,343,364.22. Following the transaction, the chief financial officer now owns 19,959 shares in the company, valued at $1,918,858.26. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman James Hagedorn sold 43,444 shares of the business’s stock in a transaction dated Friday, August 11th. The shares were sold at an average price of $95.60, for a total transaction of $4,153,246.40. Following the completion of the transaction, the chairman now owns 66,009 shares in the company, valued at approximately $6,310,460.40. The disclosure for this sale can be found here. Insiders sold 190,859 shares of company stock valued at $18,326,133 over the last three months. 28.16% of the stock is currently owned by insiders.

About Scotts Miracle-Gro Company (The)

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.

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

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