Scotts Miracle-Gro (SMG) Insider Michael C. Lukemire Sells 8,594 Shares of Stock

Scotts Miracle-Gro (NYSE:SMG) insider Michael C. Lukemire sold 8,594 shares of the firm’s stock in a transaction dated Monday, May 14th. The shares were sold at an average price of $81.64, for a total transaction of $701,614.16. Following the sale, the insider now owns 35,638 shares of the company’s stock, valued at $2,909,486.32. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

NYSE:SMG opened at $84.35 on Wednesday. The stock has a market cap of $4.52 billion, a price-to-earnings ratio of 19.59, a PEG ratio of 1.95 and a beta of 0.27. The company has a debt-to-equity ratio of 3.91, a current ratio of 1.81 and a quick ratio of 1.15. Scotts Miracle-Gro has a fifty-two week low of $83.19 and a fifty-two week high of $84.55.

Scotts Miracle-Gro (NYSE:SMG) last released its quarterly earnings data on Tuesday, May 1st. The basic materials company reported $2.88 earnings per share for the quarter, missing analysts’ consensus estimates of $3.31 by ($0.43). The firm had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $1.08 billion. Scotts Miracle-Gro had a net margin of 9.15% and a return on equity of 40.86%. The firm’s revenue for the quarter was down 6.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.78 earnings per share. equities research analysts expect that Scotts Miracle-Gro will post 4.1 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 8th. Shareholders of record on Friday, May 25th will be paid a dividend of $0.53 per share. The ex-dividend date is Thursday, May 24th. This represents a $2.12 dividend on an annualized basis and a yield of 2.51%. Scotts Miracle-Gro’s dividend payout ratio is currently 53.81%.

Several hedge funds have recently made changes to their positions in SMG. Steward Partners Investment Advisory LLC grew 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 worth $122,000 after acquiring an additional 1,100 shares during the period. SeaCrest Wealth Management LLC bought a new stake in shares of Scotts Miracle-Gro in the fourth quarter worth approximately $172,000. Asset Management One Co. Ltd. bought a new stake in shares of Scotts Miracle-Gro in the first quarter worth approximately $179,000. Charter Trust Co. bought a new stake in shares of Scotts Miracle-Gro in the fourth quarter worth approximately $203,000. Finally, Carnick & Kubik Group LLC bought a new stake in shares of Scotts Miracle-Gro in the fourth quarter worth approximately $209,000. Hedge funds and other institutional investors own 67.07% of the company’s stock.

A number of analysts have weighed in on SMG shares. SunTrust Banks reduced their price objective on shares of Scotts Miracle-Gro to $80.00 and set a “hold” rating for the company in a research note on Wednesday, April 18th. Zacks Investment Research lowered shares of Scotts Miracle-Gro from a “buy” rating to a “hold” rating in a research note on Saturday, January 27th. Bank of America set a $120.00 price objective on shares of Scotts Miracle-Gro and gave the company a “buy” rating in a research note on Tuesday, January 30th. Finally, ValuEngine upgraded shares of Scotts Miracle-Gro from a “sell” rating to a “hold” rating in a research note on Wednesday. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $101.75.

About Scotts Miracle-Gro

The Scotts Miracle-Gro Company manufactures, markets, and sells consumer lawn and garden products. The company operates through three segments: U.S. Consumer, Hawthorne, and Other. It offers lawn care products, including lawn fertilizers, grass seed products, spreaders, other durable products, and outdoor cleaners, as well as lawn-related weed, pest, and disease control products.

Insider Buying and Selling by Quarter for Scotts Miracle-Gro (NYSE:SMG)

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