Public Employees Retirement Association of Colorado Increases Position in Scotts Miracle-Gro Co (SMG)

Public Employees Retirement Association of Colorado increased its holdings in Scotts Miracle-Gro Co (NYSE:SMG) by 1,207.1% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 119,380 shares of the basic materials company’s stock after purchasing an additional 110,247 shares during the period. Public Employees Retirement Association of Colorado’s holdings in Scotts Miracle-Gro were worth $12,772,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Steward Partners Investment Advisory LLC increased its position in Scotts Miracle-Gro by 2,291.7% during 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 acquiring an additional 1,100 shares during the last quarter. SeaCrest Wealth Management LLC bought a new position in Scotts Miracle-Gro during the fourth quarter valued at $172,000. Charter Trust Co. bought a new position in Scotts Miracle-Gro during the fourth quarter valued at $203,000. Narwhal Capital Management bought a new position in Scotts Miracle-Gro during the fourth quarter valued at $214,000. Finally, First Allied Advisory Services Inc. bought a new position in Scotts Miracle-Gro during the third quarter valued at $226,000. Institutional investors own 69.18% of the company’s stock.

In related news, Director Katherine Littlefield Hagedorn sold 2,892 shares of the company’s stock in a transaction dated Monday, February 5th. The shares were sold at an average price of $89.50, for a total value of $258,834.00. Following the completion of 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 legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Ivan C. Smith sold 6,587 shares of the company’s stock in a transaction dated Friday, November 17th. The stock was sold at an average price of $97.74, for a total transaction of $643,813.38. The disclosure for this sale can be found here. 29.14% of the stock is currently owned by insiders.

A number of research analysts have weighed in on the stock. KeyCorp reiterated a “hold” rating on shares of Scotts Miracle-Gro in a research report on Saturday, November 25th. Zacks Investment Research raised 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 boosted their target price on shares of Scotts Miracle-Gro from $107.00 to $110.00 and gave the company a “buy” rating in a research note on Wednesday, November 8th. SunTrust Banks reissued a “hold” rating and set a $95.00 target price on shares of Scotts Miracle-Gro in a research note on Friday, November 10th. Finally, JPMorgan Chase & Co. lowered shares of Scotts Miracle-Gro from an “overweight” rating to a “neutral” rating and set a $99.00 target price for the company. in a research note on Wednesday, November 8th. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $104.25.

Shares of Scotts Miracle-Gro Co (SMG) opened at $89.17 on Thursday. The stock has a market cap of $5,120.45, a price-to-earnings ratio of 21.90, a PEG ratio of 1.93 and a beta of 0.20. Scotts Miracle-Gro Co has a one year low of $81.48 and a one year high of $110.12. 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 (NYSE:SMG) last issued its earnings results on Tuesday, January 30th. The basic materials company reported ($1.08) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.92) by ($0.16). The company had revenue of $221.50 million for the quarter, compared to analysts’ expectations of $237.21 million. Scotts Miracle-Gro had a net margin of 9.11% and a return on equity of 38.33%. The firm’s revenue for the quarter was down 10.3% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.96) earnings per share. sell-side analysts predict that Scotts Miracle-Gro Co will post 4.7 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, March 9th. Stockholders of record on Friday, February 23rd will be paid a dividend of $0.53 per share. This represents a $2.12 dividend on an annualized basis and a dividend yield of 2.38%. The ex-dividend date is Thursday, February 22nd. Scotts Miracle-Gro’s dividend payout ratio is currently 49.07%.

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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.

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

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