SG Americas Securities LLC cut its stake in Scotts Miracle-Gro Co (NYSE:SMG) by 84.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,511 shares of the basic materials company’s stock after selling 13,264 shares during the quarter. SG Americas Securities LLC’s holdings in Scotts Miracle-Gro were worth $244,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Almanack Investment Partners LLC. purchased a new stake in shares of Scotts Miracle-Gro during the second quarter worth about $132,000. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Scotts Miracle-Gro by 7.5% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,664 shares of the basic materials company’s stock worth $149,000 after acquiring an additional 116 shares during the last quarter. Private Advisor Group LLC increased its position in shares of Scotts Miracle-Gro by 9.0% during the second quarter. Private Advisor Group LLC now owns 2,620 shares of the basic materials company’s stock worth $239,000 after acquiring an additional 216 shares during the last quarter. Cetera Investment Advisers purchased a new stake in shares of Scotts Miracle-Gro during the second quarter worth about $247,000. Finally, Jensen Investment Management Inc. purchased a new stake in shares of Scotts Miracle-Gro during the third quarter worth about $258,000. 69.07% of the stock is currently owned by institutional investors.

Shares of Scotts Miracle-Gro Co (NYSE SMG) opened at $102.85 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. The firm has a market capitalization of $5,916.12, a PE ratio of 24.58, a P/E/G ratio of 2.44 and a beta of 0.36. Scotts Miracle-Gro Co has a fifty-two week low of $81.48 and a fifty-two week high of $103.92.

Scotts Miracle-Gro (NYSE:SMG) last announced its quarterly earnings data 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. The firm had revenue of $376.70 million during the quarter, compared to analyst estimates of $368.50 million. Scotts Miracle-Gro had a return on equity of 37.81% and a net margin of 7.51%. Scotts Miracle-Gro’s quarterly revenue was up 8.0% on a year-over-year basis. During the same period in the previous year, the company earned ($0.30) earnings per share. equities analysts anticipate that Scotts Miracle-Gro Co will post 4.3 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 8th. Investors of record on Friday, November 24th were issued a $0.53 dividend. This represents a $2.12 annualized dividend and a yield of 2.06%. The ex-dividend date of this dividend was Wednesday, November 22nd. Scotts Miracle-Gro’s dividend payout ratio is currently 58.89%.

In other Scotts Miracle-Gro news, Director Nancy G. Mistretta sold 5,000 shares of Scotts Miracle-Gro stock in a transaction that occurred on Friday, October 13th. The stock was sold at an average price of $100.11, for a total value of $500,550.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Ivan C. Smith sold 6,587 shares of Scotts Miracle-Gro 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 disclosure for this sale can be found here. Over the last 90 days, insiders sold 12,813 shares of company stock valued at $1,266,559. 29.14% of the stock is currently owned by insiders.

SMG has been the topic of a number of analyst reports. Bank of America lifted their target price on Scotts Miracle-Gro from $107.00 to $110.00 and gave the stock a “buy” rating in a research report on Wednesday, November 8th. KeyCorp reaffirmed a “hold” rating on shares of Scotts Miracle-Gro in a research report on Monday, August 28th. SunTrust Banks reaffirmed a “hold” rating and set a $95.00 target price on shares of Scotts Miracle-Gro in a research report on Friday, November 10th. J P Morgan Chase & Co lowered Scotts Miracle-Gro from an “overweight” rating to a “neutral” rating and set a $99.00 target price on the stock. in a research report on Wednesday, November 8th. Finally, Zacks Investment Research lowered Scotts Miracle-Gro from a “hold” rating to a “sell” rating in a report on Wednesday, October 4th. One analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $101.33.

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Scotts Miracle-Gro 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.

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

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