Scotts Miracle-Gro Company (The) (NYSE:SMG) EVP Ivan C. Smith sold 6,587 shares of Scotts Miracle-Gro Company (The) stock in a transaction that occurred on Friday, November 17th. The shares were sold at an average price of $97.74, for a total value of $643,813.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Shares of Scotts Miracle-Gro Company (NYSE:SMG) opened at $97.06 on Thursday. The company has a quick ratio of 0.87, a current ratio of 1.62 and a debt-to-equity ratio of 1.90. Scotts Miracle-Gro Company has a 12 month low of $81.48 and a 12 month high of $102.50. The firm has a market capitalization of $5,743.00, a P/E ratio of 23.47, a P/E/G ratio of 2.33 and a beta of 0.37.

Scotts Miracle-Gro Company (The) (NYSE:SMG) last posted its quarterly earnings results on Tuesday, November 7th. The basic materials company reported ($0.26) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.30) by $0.04. The firm had revenue of $376.70 million for the quarter, compared to the consensus estimate of $368.50 million. Scotts Miracle-Gro Company (The) had a return on equity of 37.81% and a net margin of 7.51%. The company’s revenue for the quarter was up 8.0% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.30) earnings per share. research analysts anticipate that Scotts Miracle-Gro Company will post 4.3 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 8th. Shareholders of record on Friday, November 24th will be given a dividend of $0.53 per share. The ex-dividend date of this dividend is Wednesday, November 22nd. This represents a $2.12 dividend on an annualized basis and a yield of 2.18%. Scotts Miracle-Gro Company (The)’s payout ratio is 58.89%.

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A number of analysts recently weighed in on SMG shares. Bank of America Corporation lifted their price target on Scotts Miracle-Gro Company (The) from $107.00 to $110.00 and gave the company a “buy” rating in a research note on Wednesday, November 8th. KeyCorp restated a “hold” rating on shares of Scotts Miracle-Gro Company (The) in a research note on Monday, August 28th. Zacks Investment Research upgraded Scotts Miracle-Gro Company (The) from a “sell” rating to a “hold” rating in a research note on Saturday, August 5th. BidaskClub upgraded Scotts Miracle-Gro Company (The) from a “sell” rating to a “hold” rating in a research note on Wednesday, August 2nd. Finally, SunTrust Banks, Inc. restated a “hold” rating and issued a $95.00 price target on shares of Scotts Miracle-Gro Company (The) in a research note on Friday, November 10th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company. Scotts Miracle-Gro Company (The) currently has an average rating of “Hold” and an average price target of $101.33.

A number of institutional investors and hedge funds have recently bought and sold shares of SMG. TimesSquare Capital Management LLC purchased a new stake in Scotts Miracle-Gro Company (The) during the second quarter worth $61,566,000. FIL Ltd boosted its position in Scotts Miracle-Gro Company (The) by 39.2% during the second quarter. FIL Ltd now owns 664,781 shares of the basic materials company’s stock worth $59,472,000 after purchasing an additional 187,264 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC boosted its position in Scotts Miracle-Gro Company (The) 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 worth $101,873,000 after purchasing an additional 157,174 shares in the last quarter. Janus Henderson Group PLC purchased a new stake in Scotts Miracle-Gro Company (The) during the second quarter worth $13,178,000. Finally, Eagle Asset Management Inc. boosted its position in Scotts Miracle-Gro Company (The) by 44.5% during the second quarter. Eagle Asset Management Inc. now owns 327,304 shares of the basic materials company’s stock worth $29,280,000 after purchasing an additional 100,743 shares in the last quarter. Institutional investors own 69.04% of the company’s stock.

Scotts Miracle-Gro Company (The) Company Profile

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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