Sit Investment Associates Inc. lowered its stake in shares of Scotts Miracle-Gro Co (NYSE:SMG) by 7.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 209,100 shares of the basic materials company’s stock after selling 17,335 shares during the period. Sit Investment Associates Inc.’s holdings in Scotts Miracle-Gro were worth $22,372,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of SMG. Schwab Charles Investment Management Inc. lifted its holdings in Scotts Miracle-Gro by 3.8% during the second quarter. Schwab Charles Investment Management Inc. now owns 264,139 shares of the basic materials company’s stock worth $23,630,000 after buying an additional 9,567 shares during the period. Legal & General Group Plc increased its position in shares of Scotts Miracle-Gro by 14.9% during the second quarter. Legal & General Group Plc now owns 44,664 shares of the basic materials company’s stock worth $3,995,000 after purchasing an additional 5,790 shares in the last quarter. 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 purchasing an additional 116 shares in the last quarter. Principal Financial Group Inc. increased its position in shares of Scotts Miracle-Gro by 3.7% during the second quarter. Principal Financial Group Inc. now owns 189,359 shares of the basic materials company’s stock worth $16,940,000 after purchasing an additional 6,743 shares in the last quarter. Finally, Northwestern Mutual Investment Management Company LLC increased its position in shares of Scotts Miracle-Gro by 2.5% during the second quarter. Northwestern Mutual Investment Management Company LLC now owns 7,822 shares of the basic materials company’s stock worth $547,000 after purchasing an additional 191 shares in the last quarter. Institutional investors own 69.18% of the company’s stock.

Shares of Scotts Miracle-Gro Co (NYSE:SMG) traded down $0.86 during mid-day trading on Wednesday, hitting $108.25. The stock had a trading volume of 456,200 shares, compared to its average volume of 715,850. The firm has a market capitalization of $6,150.00, a P/E ratio of 33.31, a PEG ratio of 2.55 and a beta of 0.36. The company has a debt-to-equity ratio of 1.90, a quick ratio of 0.87 and a current ratio of 1.62. Scotts Miracle-Gro Co has a 1-year low of $81.48 and a 1-year high of $109.77.

Scotts Miracle-Gro (NYSE:SMG) last released its earnings results on Tuesday, November 7th. The basic materials company reported ($0.26) earnings per share (EPS) for the quarter, beating the 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 firm had revenue of $376.70 million for the quarter, compared to the consensus estimate of $368.50 million. During the same period in the prior year, the firm earned ($0.30) EPS. The firm’s revenue was up 8.0% on a year-over-year basis. sell-side analysts forecast that Scotts Miracle-Gro Co will post 4.3 earnings per share for the current year.

In related news, Director Nancy G. Mistretta sold 5,000 shares of the company’s stock in a transaction on Friday, October 13th. The stock was sold at an average price of $100.11, for a total value of $500,550.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Ivan C. Smith sold 6,587 shares of the company’s stock in a transaction 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. 29.14% of the stock is owned by corporate insiders.

SMG has been the topic of a number of recent analyst reports. Bank of America upped their price target 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. Zacks Investment Research raised Scotts Miracle-Gro from a “sell” rating to a “hold” rating in a research report on Wednesday. KeyCorp reaffirmed a “hold” rating on shares of Scotts Miracle-Gro in a research report on Saturday, November 25th. SunTrust Banks reaffirmed a “hold” rating and set a $95.00 price target on shares of Scotts Miracle-Gro in a research report on Friday, November 10th. Finally, JPMorgan Chase & Co. downgraded Scotts Miracle-Gro from an “overweight” rating to a “neutral” rating and set a $99.00 price target on the stock. in a research report on Wednesday, November 8th. Five analysts have rated the stock with a hold rating and one has given a buy rating to the company. Scotts Miracle-Gro has a consensus rating of “Hold” and an average target price 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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