Scotts Miracle-Gro Co (NYSE:SMG) Director Katherine Littlefield Hagedorn sold 2,892 shares of the firm’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 transaction, the director now owns 9,043 shares of the company’s stock, valued at $809,348.50. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.

Scotts Miracle-Gro Co (NYSE:SMG) opened at $89.13 on Wednesday. The company has a debt-to-equity ratio of 3.34, a current ratio of 2.09 and a quick ratio of 0.61. The stock has a market capitalization of $5,056.68, a PE ratio of 21.63, a PEG ratio of 1.90 and a beta of 0.20. Scotts Miracle-Gro Co has a 52 week low of $81.48 and a 52 week high of $110.12.

Scotts Miracle-Gro (NYSE:SMG) last announced its quarterly earnings data on Tuesday, January 30th. The basic materials company reported ($1.08) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.92) by ($0.16). The company had revenue of $221.50 million during 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 business’s quarterly revenue was down 10.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.96) EPS. sell-side analysts expect that Scotts Miracle-Gro Co will post 4.7 earnings per share for the current fiscal year.

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

A number of equities analysts recently commented on the company. Zacks Investment Research upgraded Scotts Miracle-Gro from a “hold” rating to a “buy” rating and set a $103.00 target price for the company in a report on Thursday, February 1st. Bank of America set a $120.00 target price on Scotts Miracle-Gro and gave the company a “buy” rating in a report on Tuesday, January 30th. KeyCorp restated a “hold” rating on shares of Scotts Miracle-Gro in a report on Saturday, November 25th. SunTrust Banks restated a “hold” rating and set a $95.00 target price on shares of Scotts Miracle-Gro in a report on Friday, November 10th. Finally, JPMorgan Chase & Co. cut Scotts Miracle-Gro from an “overweight” rating to a “neutral” rating and set a $99.00 target price for the company. in a report on Wednesday, November 8th. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $104.25.

Several institutional investors and hedge funds have recently made changes to their positions in SMG. TimesSquare Capital Management LLC boosted its stake in shares of Scotts Miracle-Gro by 42.5% in the 3rd quarter. TimesSquare Capital Management LLC now owns 980,450 shares of the basic materials company’s stock valued at $95,437,000 after buying an additional 292,250 shares during the period. Kayne Anderson Rudnick Investment Management LLC boosted its stake in shares of Scotts Miracle-Gro by 17.7% in the 3rd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,046,557 shares of the basic materials company’s stock valued at $101,873,000 after buying an additional 157,174 shares during the period. Janus Henderson Group PLC purchased a new position in shares of Scotts Miracle-Gro in the 2nd quarter valued at about $13,178,000. Public Employees Retirement Association of Colorado boosted its stake in shares of Scotts Miracle-Gro by 1,207.1% in the 4th quarter. Public Employees Retirement Association of Colorado now owns 119,380 shares of the basic materials company’s stock valued at $12,772,000 after buying an additional 110,247 shares during the period. Finally, APG Asset Management N.V. purchased a new position in shares of Scotts Miracle-Gro in the 4th quarter valued at about $6,103,000. Institutional investors and hedge funds own 69.18% of the company’s stock.

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About Scotts Miracle-Gro

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 (NYSE:SMG)

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