Scotts Miracle-Gro Company (The) (NYSE:SMG) CFO Thomas Randal Coleman sold 13,973 shares of the business’s stock in a transaction on Tuesday, August 8th. The stock was sold at an average price of $96.14, for a total value of $1,343,364.22. Following the completion of the transaction, the chief financial officer now directly owns 19,959 shares in the company, valued at approximately $1,918,858.26. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Thomas Randal Coleman also recently made the following trade(s):

  • On Tuesday, May 16th, Thomas Randal Coleman sold 5,112 shares of Scotts Miracle-Gro Company (The) stock. The stock was sold at an average price of $87.56, for a total value of $447,606.72.

Shares of Scotts Miracle-Gro Company (NYSE SMG) traded down 0.62% on Thursday, hitting $95.41. The stock had a trading volume of 303,333 shares. The stock has a 50 day moving average of $92.77 and a 200-day moving average of $91.64. Scotts Miracle-Gro Company has a 12 month low of $78.73 and a 12 month high of $99.91. The stock has a market cap of $5.65 billion, a PE ratio of 25.74 and a beta of 0.40.

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

The business also recently announced a quarterly dividend, which will be paid on Friday, September 8th. Investors of record on Friday, August 25th will be given a dividend of $0.53 per share. The ex-dividend date 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 2.22%. Scotts Miracle-Gro Company (The)’s payout ratio is 52.49%.

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SMG has been the topic of several research analyst reports. Zacks Investment Research cut Scotts Miracle-Gro Company (The) from a “hold” rating to a “sell” rating in a research report on Wednesday, May 3rd. BidaskClub cut Scotts Miracle-Gro Company (The) from a “hold” rating to a “sell” rating in a research report on Tuesday, July 25th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Scotts Miracle-Gro Company (The) currently has a consensus rating of “Buy” and a consensus target price of $101.00.

A number of institutional investors have recently added to or reduced their stakes in the stock. Teachers Advisors LLC increased its position in Scotts Miracle-Gro Company (The) by 469.9% in the fourth quarter. Teachers Advisors LLC now owns 219,410 shares of the basic materials company’s stock valued at $20,965,000 after buying an additional 180,907 shares during the period. Wells Fargo & Company MN increased its position in 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 period. Bank of Montreal Can increased its position in 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 period. Creative Planning increased its position in 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 period. Finally, Sei Investments Co. increased its position in 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 period. Institutional investors own 68.04% of the company’s stock.

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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