Scotts Miracle-Gro Company (The) (NYSE:SMG) Chairman James Hagedorn sold 92,357 shares of the stock in a transaction dated Tuesday, August 15th. The stock was sold at an average price of $96.41, for a total transaction of $8,904,138.37. Following the transaction, the chairman now owns 115,867 shares of the company’s stock, valued at $11,170,737.47. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

James Hagedorn also recently made the following trade(s):

  • On Friday, August 11th, James Hagedorn sold 43,444 shares of Scotts Miracle-Gro Company (The) stock. The stock was sold at an average price of $95.60, for a total transaction of $4,153,246.40.

Shares of Scotts Miracle-Gro Company (SMG) traded down 0.54% during midday trading on Wednesday, reaching $95.95. 371,730 shares of the company traded hands. 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 of $93.52 and a 200 day moving average of $91.65. The firm has a market capitalization of $5.68 billion, a PE ratio of 25.89 and a beta of 0.40.

Scotts Miracle-Gro Company (The) (NYSE:SMG) last issued its quarterly earnings data on Tuesday, August 1st. The basic materials company reported $2.63 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.51 by $0.12. Scotts Miracle-Gro Company (The) had a net margin of 7.85% and a return on equity of 36.28%. The business had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.06 billion. During the same period in the prior year, the firm posted $2.16 EPS. The firm’s quarterly revenue was up 8.5% compared to the same quarter last year. On average, equities analysts forecast that Scotts Miracle-Gro Company will post $4.15 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 8th. Shareholders of record on Friday, August 25th will be given a $0.53 dividend. This represents a $2.12 dividend on an annualized basis and a yield of 2.21%. This is an increase from Scotts Miracle-Gro Company (The)’s previous quarterly dividend of $0.50. The ex-dividend date is Wednesday, August 23rd. Scotts Miracle-Gro Company (The)’s dividend payout ratio is presently 52.49%.

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Large investors have recently modified their holdings of the company. BlackRock Inc. increased its stake in shares of Scotts Miracle-Gro Company (The) by 4,283.1% in the first quarter. BlackRock Inc. now owns 3,698,839 shares of the basic materials company’s stock worth $345,434,000 after buying an additional 3,614,451 shares during the last quarter. TimesSquare Capital Management LLC purchased a new stake in shares of Scotts Miracle-Gro Company (The) during the second quarter worth about $61,566,000. Los Angeles Capital Management & Equity Research Inc. increased its stake in shares of Scotts Miracle-Gro Company (The) by 2,192.2% in the first quarter. Los Angeles Capital Management & Equity Research Inc. now owns 351,327 shares of the basic materials company’s stock worth $32,810,000 after buying an additional 336,000 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC increased its stake in shares of Scotts Miracle-Gro Company (The) by 43.0% in the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 829,075 shares of the basic materials company’s stock worth $77,427,000 after buying an additional 249,101 shares during the last quarter. Finally, Lazard Asset Management LLC increased its stake in shares of Scotts Miracle-Gro Company (The) by 95,748.9% in the first quarter. Lazard Asset Management LLC now owns 227,162 shares of the basic materials company’s stock worth $21,213,000 after buying an additional 226,925 shares during the last quarter. 66.16% of the stock is owned by institutional investors and hedge funds.

SMG has been the subject of a number of recent research reports. BidaskClub downgraded shares of Scotts Miracle-Gro Company (The) from a “hold” rating to a “sell” rating in a research note on Tuesday, July 25th. Zacks Investment Research downgraded shares of Scotts Miracle-Gro Company (The) from a “hold” rating to a “sell” rating in a research note on Wednesday, May 3rd. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Scotts Miracle-Gro Company (The) currently has an average rating of “Buy” and a consensus target price of $101.00.

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.

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

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