Thomas Randal Coleman Sells 789 Shares of Scotts Miracle-Gro Co. (SMG) Stock
Scotts Miracle-Gro Co. (NYSE:SMG) CFO Thomas Randal Coleman sold 789 shares of the stock in a transaction on Thursday, October 6th. The shares were sold at an average price of $82.65, for a total value of $65,210.85. Following the sale, the chief financial officer now owns 5,112 shares of the company’s stock, valued at approximately $422,506.80. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.
Thomas Randal Coleman also recently made the following trade(s):
- On Tuesday, August 16th, Thomas Randal Coleman sold 4,927 shares of Scotts Miracle-Gro stock. The shares were sold at an average price of $82.51, for a total value of $406,526.77.
Scotts Miracle-Gro Co. (NYSE:SMG) opened at 83.48 on Friday. Scotts Miracle-Gro Co. has a 52 week low of $62.20 and a 52 week high of $84.16. The stock has a market cap of $5.06 billion, a price-to-earnings ratio of 16.32 and a beta of 0.70. The company has a 50-day moving average price of $81.94 and a 200-day moving average price of $74.44.
Scotts Miracle-Gro (NYSE:SMG) last announced its earnings results on Wednesday, August 3rd. The company reported $2.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.12 by $0.04. The company had revenue of $994.10 million for the quarter, compared to analyst estimates of $1.05 billion. Scotts Miracle-Gro had a return on equity of 36.35% and a net margin of 10.72%. The firm’s quarterly revenue was down 10.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.68 earnings per share. Equities research analysts anticipate that Scotts Miracle-Gro Co. will post $3.79 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, September 9th. Shareholders of record on Friday, August 26th were given a $0.50 dividend. This is a positive change from Scotts Miracle-Gro’s previous quarterly dividend of $0.47. The ex-dividend date of this dividend was Wednesday, August 24th. This represents a $2.00 dividend on an annualized basis and a yield of 2.40%. Scotts Miracle-Gro’s payout ratio is presently 39.06%.
SMG has been the subject of several analyst reports. Zacks Investment Research upgraded Scotts Miracle-Gro from a “sell” rating to a “hold” rating in a report on Thursday, July 7th. JPMorgan Chase & Co. upgraded Scotts Miracle-Gro from a “neutral” rating to an “overweight” rating and increased their price objective for the company from $70.00 to $85.00 in a report on Thursday, August 4th. Finally, Tigress Financial reiterated a “buy” rating on shares of Scotts Miracle-Gro in a report on Monday, August 29th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $83.33.
Hedge funds have recently made changes to their positions in the stock. Nicholas Investment Partners LP acquired a new position in Scotts Miracle-Gro during the first quarter valued at approximately $6,455,000. UBS Group AG increased its position in Scotts Miracle-Gro by 22.9% in the first quarter. UBS Group AG now owns 12,968 shares of the company’s stock valued at $944,000 after buying an additional 2,418 shares during the period. Meeder Asset Management Inc. acquired a new position in Scotts Miracle-Gro during the first quarter valued at approximately $132,000. State Street Corp increased its position in Scotts Miracle-Gro by 1.4% in the first quarter. State Street Corp now owns 1,229,289 shares of the company’s stock valued at $89,460,000 after buying an additional 16,774 shares during the period. Finally, BB&T Securities LLC increased its position in Scotts Miracle-Gro by 15.8% in the first quarter. BB&T Securities LLC now owns 557,952 shares of the company’s stock valued at $40,602,000 after buying an additional 76,294 shares during the period. 69.91% of the stock is currently owned by institutional investors.
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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