Personal Capital Advisors Corp grew its holdings in shares of Scotts Miracle-Gro Co (NYSE:SMG) by 7.7% during the fourth quarter, HoldingsChannel.com reports. The firm owned 185,769 shares of the basic materials company’s stock after buying an additional 13,218 shares during the quarter. Personal Capital Advisors Corp’s holdings in Scotts Miracle-Gro were worth $19,875,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of the company. Vanguard Group Inc. increased its holdings in shares of Scotts Miracle-Gro by 1.0% during the second quarter. Vanguard Group Inc. now owns 3,882,566 shares of the basic materials company’s stock valued at $347,335,000 after purchasing an additional 39,851 shares during the period. First Eagle Investment Management LLC increased its holdings in shares of Scotts Miracle-Gro by 1.6% during the third quarter. First Eagle Investment Management LLC now owns 3,201,071 shares of the basic materials company’s stock valued at $311,592,000 after purchasing an additional 50,860 shares during the period. Earnest Partners LLC increased its holdings in shares of Scotts Miracle-Gro by 0.8% during the third quarter. Earnest Partners LLC now owns 1,316,284 shares of the basic materials company’s stock valued at $128,127,000 after purchasing an additional 10,341 shares during the period. State Street Corp boosted its stake in Scotts Miracle-Gro by 1.4% during the second quarter. State Street Corp now owns 1,182,128 shares of the basic materials company’s stock valued at $105,756,000 after buying an additional 16,056 shares in the last quarter. Finally, Kayne Anderson Rudnick Investment Management LLC boosted its stake in Scotts Miracle-Gro by 17.7% during the third 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 in the last quarter. 69.18% of the stock is currently owned by institutional investors.

Scotts Miracle-Gro Co (NYSE SMG) opened at $106.28 on Friday. Scotts Miracle-Gro Co has a 52 week low of $81.48 and a 52 week high of $110.12. The firm has a market capitalization of $6,151.66, a PE ratio of 25.56, a P/E/G ratio of 2.47 and a beta of 0.36. The company has a current ratio of 1.62, a quick ratio of 0.87 and a debt-to-equity ratio of 1.90.

Scotts Miracle-Gro (NYSE:SMG) last announced its earnings results on Tuesday, November 7th. The basic materials company reported ($0.26) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.30) by $0.04. Scotts Miracle-Gro had a return on equity of 37.81% and a net margin of 7.51%. The business had revenue of $376.70 million during the quarter, compared to analysts’ expectations of $368.50 million. During the same quarter last year, the business posted ($0.30) earnings per share. The company’s quarterly revenue was up 8.0% on a year-over-year basis. equities analysts forecast that Scotts Miracle-Gro Co will post 4.42 EPS for the current fiscal year.

In related news, EVP Ivan C. Smith sold 6,587 shares of the stock in a transaction on Friday, November 17th. The stock was sold at an average price of $97.74, for a total value of $643,813.38. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 29.14% of the company’s stock.

Several research analysts recently weighed in on SMG shares. Zacks Investment Research cut Scotts Miracle-Gro from a “hold” rating to a “sell” rating in a research note on Wednesday, October 4th. SunTrust Banks reaffirmed a “hold” rating and set a $95.00 target price on shares of Scotts Miracle-Gro in a research note on Friday, November 10th. KeyCorp reaffirmed a “hold” rating on shares of Scotts Miracle-Gro in a research note on Saturday, November 25th. Bank of America raised their target price on Scotts Miracle-Gro from $107.00 to $110.00 and gave the company a “buy” rating in a research note on Wednesday, November 8th. 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 research note on Wednesday, November 8th. Five investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $106.25.

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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.

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

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