Scotts Miracle-Gro Company (The) (NYSE:SMG) insider Michael C. Lukemire sold 18,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 8th. The stock was sold at an average price of $96.14, for a total transaction of $1,730,520.00. Following the completion of the transaction, the insider now directly owns 23,969 shares of the company’s stock, valued at approximately $2,304,379.66. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Shares of Scotts Miracle-Gro Company (NYSE SMG) traded down 0.62% during trading on Thursday, hitting $95.41. The stock had a trading volume of 303,333 shares. The stock’s 50 day moving average price is $92.77 and its 200-day moving average price is $91.64. Scotts Miracle-Gro Company has a one year low of $78.73 and a one year high of $99.91. The stock has a market cap of $5.65 billion, a P/E ratio of 25.74 and a beta of 0.40.

Scotts Miracle-Gro Company (The) (NYSE:SMG) last released its quarterly earnings data on Tuesday, August 1st. The basic materials company reported $2.63 EPS for the quarter, topping analysts’ consensus estimates of $2.51 by $0.12. The firm had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.06 billion. Scotts Miracle-Gro Company (The) had a net margin of 7.85% and a return on equity of 36.28%. The firm’s revenue was up 8.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.16 earnings per share. Analysts expect that Scotts Miracle-Gro Company will post $4.15 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 8th. Investors of record on Friday, August 25th will be issued a dividend of $0.53 per share. The ex-dividend date is Wednesday, August 23rd. This represents a $2.12 dividend on an annualized basis and a yield of 2.22%. This is an increase from Scotts Miracle-Gro Company (The)’s previous quarterly dividend of $0.50. Scotts Miracle-Gro Company (The)’s payout ratio is currently 52.49%.

TRADEMARK VIOLATION NOTICE: “Scotts Miracle-Gro Company (The) (SMG) Insider Michael C. Lukemire Sells 18,000 Shares” was reported by Watch List News and is the sole property of of Watch List News. If you are accessing this news story on another domain, it was illegally stolen and reposted in violation of U.S. & international copyright & trademark laws. The original version of this news story can be accessed at https://www.watchlistnews.com/scotts-miracle-gro-company-the-smg-insider-michael-c-lukemire-sells-18000-shares/1469687.html.

A number of equities analysts have recently issued reports on the company. Zacks Investment Research raised Scotts Miracle-Gro Company (The) from a “sell” rating to a “hold” rating in a research report on Saturday, August 5th. BidaskClub raised Scotts Miracle-Gro Company (The) from a “sell” rating to a “hold” rating in a research report on Wednesday, August 2nd. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $101.00.

Hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. boosted its position 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 acquired a new position in shares of Scotts Miracle-Gro Company (The) during the second quarter worth about $61,566,000. Los Angeles Capital Management & Equity Research Inc. boosted its position 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 boosted its position 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 boosted its position 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. 68.04% of the stock is currently owned by hedge funds and other 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)

Receive News & Ratings for Scotts Miracle-Gro Company (The) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Scotts Miracle-Gro Company (The) and related companies with Analyst Ratings Network's FREE daily email newsletter.