37,630 Shares in Scotts Miracle-Gro Company (The) (SMG) Acquired by Engineers Gate Manager LP

Engineers Gate Manager LP purchased a new stake in shares of Scotts Miracle-Gro Company (The) (NYSE:SMG) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 37,630 shares of the basic materials company’s stock, valued at approximately $3,663,000. Engineers Gate Manager LP owned approximately 0.06% of Scotts Miracle-Gro at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of SMG. National Asset Management Inc. grew its stake in Scotts Miracle-Gro by 77.0% during the 3rd quarter. National Asset Management Inc. now owns 6,155 shares of the basic materials company’s stock worth $600,000 after buying an additional 2,677 shares during the last quarter. Stifel Financial Corp grew its stake 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 buying an additional 5,375 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in Scotts Miracle-Gro by 5.3% during the 3rd quarter. Dimensional Fund Advisors LP now owns 486,538 shares of the basic materials company’s stock worth $47,360,000 after buying an additional 24,662 shares during the last quarter. Wells Fargo & Company MN grew its stake in Scotts Miracle-Gro by 1.9% during the 3rd quarter. Wells Fargo & Company MN now owns 259,642 shares of the basic materials company’s stock worth $25,274,000 after buying an additional 4,966 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its stake in Scotts Miracle-Gro by 160.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 109,797 shares of the basic materials company’s stock worth $10,690,000 after buying an additional 67,644 shares during the last quarter. 69.11% of the stock is currently owned by institutional investors and hedge funds.

In related news, CFO Thomas Randal Coleman sold 1,226 shares of the firm’s stock in a transaction dated Thursday, October 5th. The stock was sold at an average price of $99.67, for a total transaction of $122,195.42. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Paul Hagedorn sold 16,000 shares of the firm’s stock in a transaction dated Friday, September 8th. The shares were sold at an average price of $94.30, for a total value of $1,508,800.00. The disclosure for this sale can be found here. Insiders have sold 28,813 shares of company stock valued at $2,775,359 in the last ninety days. Company insiders own 28.16% of the company’s stock.

A number of brokerages recently commented on SMG. J P Morgan Chase & Co downgraded Scotts Miracle-Gro from an “overweight” rating to a “neutral” rating and set a $99.00 price objective for the company. in a research note on Wednesday, November 8th. KeyCorp restated a “hold” rating on shares of Scotts Miracle-Gro in a research note on Monday, October 16th. Bank of America increased their price target on Scotts Miracle-Gro from $107.00 to $110.00 and gave the stock a “buy” rating in a research note on Wednesday, November 8th. SunTrust Banks reissued a “hold” rating and issued a $95.00 price target on shares of Scotts Miracle-Gro in a research note on Friday, November 10th. Finally, Zacks Investment Research cut Scotts Miracle-Gro from a “hold” rating to a “sell” rating in a research note on Wednesday, October 4th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the stock. Scotts Miracle-Gro presently has a consensus rating of “Hold” and an average target price of $101.33.

Scotts Miracle-Gro Company (NYSE:SMG) traded up $0.62 during trading hours on Wednesday, hitting $101.29. The stock had a trading volume of 590,800 shares, compared to its average volume of 422,047. Scotts Miracle-Gro Company has a 12 month low of $81.48 and a 12 month high of $102.50. The company has a market capitalization of $5,791.56, a PE ratio of 24.03, a price-to-earnings-growth ratio of 2.38 and a beta of 0.36. The company has a debt-to-equity ratio of 1.90, a quick ratio of 0.87 and a current ratio of 1.62.

Scotts Miracle-Gro (NYSE:SMG) last released its quarterly earnings results on Tuesday, November 7th. The basic materials company reported ($0.26) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.30) by $0.04. Scotts Miracle-Gro had a return on equity of 37.81% and a net margin of 7.51%. The company had revenue of $376.70 million during the quarter, compared to analysts’ expectations of $368.50 million. During the same quarter in the prior year, the business posted ($0.30) earnings per share. The company’s revenue for the quarter was up 8.0% compared to the same quarter last year. equities analysts expect that Scotts Miracle-Gro Company will post 4.3 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 8th. Investors of record on Friday, November 24th will be paid a dividend of $0.53 per share. The ex-dividend date of this dividend is Wednesday, November 22nd. This represents a $2.12 annualized dividend and a yield of 2.09%. Scotts Miracle-Gro’s dividend payout ratio is currently 58.89%.

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Scotts Miracle-Gro 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.

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

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