Scotts Miracle-Gro Company (The) (NYSE:SMG) Chairman James Hagedorn sold 16,000 shares of the stock in a transaction dated Monday, August 28th. The stock was sold at an average price of $94.37, for a total value of $1,509,920.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

James Hagedorn also recently made the following trade(s):

  • On Tuesday, August 15th, James Hagedorn sold 92,357 shares of Scotts Miracle-Gro Company (The) stock. The stock was sold at an average price of $96.41, for a total value of $8,904,138.37.
  • On Friday, August 11th, James Hagedorn sold 43,444 shares of Scotts Miracle-Gro Company (The) stock. The stock was sold at an average price of $95.60, for a total value of $4,153,246.40.

Scotts Miracle-Gro Company (NYSE SMG) opened at 95.59 on Friday. The company has a market capitalization of $5.58 billion, a P/E ratio of 25.79 and a beta of 0.40. Scotts Miracle-Gro Company has a 12-month low of $78.73 and a 12-month high of $99.91. The company’s 50 day moving average price is $94.97 and its 200-day moving average price is $91.95.

Scotts Miracle-Gro Company (The) (NYSE:SMG) last announced its quarterly earnings data on Tuesday, August 1st. The basic materials company reported $2.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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%. The firm’s 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 EPS. Equities analysts forecast that Scotts Miracle-Gro Company will post $4.15 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 8th. Stockholders of record on Friday, August 25th will be paid a $0.53 dividend. This represents a $2.12 dividend on an annualized basis and a dividend yield of 2.22%. This is an increase from Scotts Miracle-Gro Company (The)’s previous quarterly dividend of $0.50. The ex-dividend date is Wednesday, August 23rd. Scotts Miracle-Gro Company (The)’s payout ratio is currently 55.64%.

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A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Tyers Asset Management LLC increased its position in Scotts Miracle-Gro Company (The) by 2.4% in the first quarter. Tyers Asset Management LLC now owns 1,914 shares of the basic materials company’s stock worth $179,000 after buying an additional 44 shares during the period. State Treasurer State of Michigan increased its position in Scotts Miracle-Gro Company (The) by 0.6% in the first quarter. State Treasurer State of Michigan now owns 17,975 shares of the basic materials company’s stock worth $1,679,000 after buying an additional 100 shares during the period. Great West Life Assurance Co. Can increased its position in Scotts Miracle-Gro Company (The) by 6.9% in the first quarter. Great West Life Assurance Co. Can now owns 34,393 shares of the basic materials company’s stock worth $3,211,000 after buying an additional 2,216 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 worth $24,871,000 after buying an additional 8,960 shares during the period. Finally, Oregon Public Employees Retirement Fund increased its position in Scotts Miracle-Gro Company (The) by 1.3% in the first quarter. Oregon Public Employees Retirement Fund now owns 15,714 shares of the basic materials company’s stock worth $1,468,000 after buying an additional 200 shares during the period. 69.04% of the stock is currently owned by institutional investors and hedge funds.

Several equities research analysts have issued reports on SMG shares. BidaskClub upgraded Scotts Miracle-Gro Company (The) from a “sell” rating to a “hold” rating in a report on Wednesday, August 2nd. KeyCorp restated a “hold” rating on shares of Scotts Miracle-Gro Company (The) in a report on Monday. Finally, Zacks Investment Research upgraded Scotts Miracle-Gro Company (The) from a “sell” rating to a “hold” rating in a report on Saturday, August 5th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $101.00.

Scotts Miracle-Gro Company (The) 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.

Insider Buying and Selling by Quarter for Scotts Miracle-Gro Company (The) (NYSE:SMG)

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