Wedbush Securities Inc. acquired a new position in The Scotts Miracle-Gro Company (NYSE:SMG – Get Rating) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 4,675 shares of the basic materials company’s stock, valued at approximately $227,000.
Other hedge funds also recently bought and sold shares of the company. Price T Rowe Associates Inc. MD raised its position in shares of Scotts Miracle-Gro by 23.2% in the 3rd quarter. Price T Rowe Associates Inc. MD now owns 2,046,743 shares of the basic materials company’s stock worth $87,499,000 after acquiring an additional 385,514 shares in the last quarter. Raymond James & Associates lifted its position in shares of Scotts Miracle-Gro by 81.5% during the third quarter. Raymond James & Associates now owns 506,588 shares of the basic materials company’s stock valued at $21,656,000 after buying an additional 227,400 shares during the last quarter. Olstein Capital Management L.P. boosted its holdings in shares of Scotts Miracle-Gro by 374.6% in the 3rd quarter. Olstein Capital Management L.P. now owns 280,000 shares of the basic materials company’s stock valued at $10,438,000 after buying an additional 221,000 shares in the last quarter. Two Sigma Investments LP bought a new stake in shares of Scotts Miracle-Gro in the 3rd quarter valued at about $8,179,000. Finally, First Trust Advisors LP grew its position in shares of Scotts Miracle-Gro by 114.6% in the 3rd quarter. First Trust Advisors LP now owns 323,108 shares of the basic materials company’s stock worth $13,813,000 after buying an additional 172,564 shares during the last quarter. Hedge funds and other institutional investors own 68.98% of the company’s stock.
Insider Activity at Scotts Miracle-Gro
In other Scotts Miracle-Gro news, Director Stephen L. Johnson sold 935 shares of the company’s stock in a transaction that occurred on Tuesday, February 7th. The stock was sold at an average price of $80.48, for a total value of $75,248.80. Following the sale, the director now owns 19,856 shares in the company, valued at approximately $1,598,010.88. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other Scotts Miracle-Gro news, Director Stephen L. Johnson sold 935 shares of the company’s stock in a transaction dated Tuesday, February 7th. The shares were sold at an average price of $80.48, for a total value of $75,248.80. Following the completion of the transaction, the director now owns 19,856 shares in the company, valued at $1,598,010.88. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Denise Stump sold 2,503 shares of the firm’s stock in a transaction dated Thursday, February 16th. The shares were sold at an average price of $86.51, for a total value of $216,534.53. Following the sale, the executive vice president now owns 39,875 shares in the company, valued at $3,449,586.25. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 53,438 shares of company stock worth $4,330,283. 27.28% of the stock is owned by corporate insiders.
Analyst Ratings Changes
Scotts Miracle-Gro Trading Down 0.3 %
Shares of NYSE SMG opened at $74.76 on Wednesday. The Scotts Miracle-Gro Company has a 52 week low of $39.06 and a 52 week high of $119.75. The business’s 50 day moving average price is $76.25 and its 200 day moving average price is $61.96. The company has a current ratio of 2.47, a quick ratio of 0.83 and a debt-to-equity ratio of 53.61.
Scotts Miracle-Gro (NYSE:SMG – Get Rating) last released its quarterly earnings data on Wednesday, February 1st. The basic materials company reported ($1.02) earnings per share for the quarter, topping analysts’ consensus estimates of ($1.36) by $0.34. Scotts Miracle-Gro had a negative net margin of 11.64% and a positive return on equity of 55.54%. The firm had revenue of $526.60 million for the quarter, compared to analyst estimates of $502.44 million. During the same quarter in the prior year, the business earned ($0.88) earnings per share. The business’s quarterly revenue was down 7.0% compared to the same quarter last year. On average, equities analysts predict that The Scotts Miracle-Gro Company will post 3.1 EPS for the current fiscal year.
Scotts Miracle-Gro Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Friday, March 10th. Investors of record on Friday, February 24th were issued a dividend of $0.66 per share. This represents a $2.64 annualized dividend and a yield of 3.53%. The ex-dividend date of this dividend was Thursday, February 23rd. Scotts Miracle-Gro’s dividend payout ratio (DPR) is -32.16%.
About Scotts Miracle-Gro
Scotts Miracle-Gro Co engages in the manufacturing, marketing, and sale of products for lawn and garden care and indoor and hydroponic gardening. Its products and services include lawn care, gardening and landscape, hydroponic hardware and growing environments, lighting, controls, and marketing agreement.
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