Scotts Miracle-Gro Company (The) (NYSE:SMG) Director Michelle A. Johnson sold 470 shares of Scotts Miracle-Gro Company (The) stock in a transaction dated Monday, August 14th. The stock was sold at an average price of $96.40, for a total value of $45,308.00. Following the completion of the sale, the director now owns 8,074 shares of the company’s stock, valued at $778,333.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Scotts Miracle-Gro Company (SMG) traded down 0.54% during trading on Wednesday, hitting $95.95. The stock had a trading volume of 371,741 shares. The company has a market cap of $5.68 billion, a price-to-earnings ratio of 25.89 and a beta of 0.40. The company has a 50-day moving average of $93.52 and a 200 day moving average of $91.65. Scotts Miracle-Gro Company has a 52 week low of $78.73 and a 52 week high of $99.91.

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

The company also recently announced 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. The ex-dividend date of this dividend is Wednesday, August 23rd. This is an increase from Scotts Miracle-Gro Company (The)’s previous quarterly dividend of $0.50. This represents a $2.12 annualized dividend and a yield of 2.21%. Scotts Miracle-Gro Company (The)’s dividend payout ratio (DPR) is currently 52.49%.

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A number of brokerages recently commented on SMG. Zacks Investment Research upgraded Scotts Miracle-Gro Company (The) from a “sell” rating to a “hold” rating in a research report on Saturday, August 5th. BidaskClub upgraded Scotts Miracle-Gro Company (The) from a “sell” rating to a “hold” rating in a research report on Thursday, July 13th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Scotts Miracle-Gro Company (The) presently has a consensus rating of “Buy” and an average target price of $101.00.

Several large investors have recently modified their holdings of SMG. Wells Fargo & Company MN boosted its stake in shares of Scotts Miracle-Gro Company (The) by 3.5% in the first quarter. Wells Fargo & Company MN now owns 266,326 shares of the basic materials company’s stock valued at $24,871,000 after buying an additional 8,960 shares during the last quarter. Bank of Montreal Can boosted its stake in shares of Scotts Miracle-Gro Company (The) by 6.1% in the first quarter. Bank of Montreal Can now owns 21,637 shares of the basic materials company’s stock valued at $2,021,000 after buying an additional 1,248 shares during the last quarter. Creative Planning boosted its stake in shares of Scotts Miracle-Gro Company (The) by 4.3% in the first quarter. Creative Planning now owns 1,451 shares of the basic materials company’s stock valued at $135,000 after buying an additional 60 shares during the last quarter. Sei Investments Co. boosted its stake in shares of Scotts Miracle-Gro Company (The) by 1,238.4% in the first quarter. Sei Investments Co. now owns 56,105 shares of the basic materials company’s stock valued at $5,240,000 after buying an additional 51,913 shares during the last quarter. Finally, Skylands Capital LLC boosted its stake in shares of Scotts Miracle-Gro Company (The) by 7.9% in the second quarter. Skylands Capital LLC now owns 52,075 shares of the basic materials company’s stock valued at $4,659,000 after buying an additional 3,825 shares during the last quarter. 66.16% of the stock is owned by institutional investors.

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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