Commonwealth of Pennsylvania Public School Empls Retrmt SYS lowered its position in shares of Scotts Miracle-Gro Company (The) (NYSE:SMG) by 0.5% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 6,434 shares of the basic materials company’s stock after selling 35 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Scotts Miracle-Gro Company (The) were worth $576,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Sei Investments Co. lifted its position in shares of Scotts Miracle-Gro Company (The) by 1,238.4% during the 1st quarter. Sei Investments Co. now owns 56,105 shares of the basic materials company’s stock worth $5,240,000 after buying an additional 51,913 shares in the last quarter. Arizona State Retirement System lifted its position in shares of Scotts Miracle-Gro Company (The) by 1.1% during the 2nd quarter. Arizona State Retirement System now owns 18,600 shares of the basic materials company’s stock worth $1,664,000 after buying an additional 200 shares in the last quarter. Skylands Capital LLC lifted its position in shares of Scotts Miracle-Gro Company (The) by 7.9% during the 2nd quarter. Skylands Capital LLC now owns 52,075 shares of the basic materials company’s stock worth $4,659,000 after buying an additional 3,825 shares in the last quarter. Private Advisor Group LLC bought a new position in shares of Scotts Miracle-Gro Company (The) during the 1st quarter worth approximately $221,000. Finally, Credit Agricole S A lifted its position in shares of Scotts Miracle-Gro Company (The) by 24.0% during the 1st quarter. Credit Agricole S A now owns 123,806 shares of the basic materials company’s stock worth $11,562,000 after buying an additional 23,967 shares in the last quarter. 69.02% of the stock is currently owned by hedge funds and other institutional investors.

In related news, major shareholder Hagedorn Partnership, L.P. sold 32,000 shares of the stock in a transaction that occurred on Monday, August 28th. The shares were sold at an average price of $94.37, for a total transaction of $3,019,840.00. Following the transaction, the insider now owns 15,759,274 shares in the company, valued at $1,487,202,687.38. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO Thomas Randal Coleman sold 13,973 shares of the stock in a transaction that occurred on Tuesday, August 8th. The shares were sold at an average price of $96.14, for a total transaction of $1,343,364.22. Following the transaction, the chief financial officer now owns 19,959 shares in the company, valued at approximately $1,918,858.26. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 254,859 shares of company stock worth $24,364,693. 28.16% of the stock is owned by insiders.

Several equities analysts have commented on the stock. Zacks Investment Research raised shares of Scotts Miracle-Gro Company (The) from a “sell” rating to a “hold” rating in a research report on Saturday, August 5th. BidaskClub raised shares of Scotts Miracle-Gro Company (The) from a “sell” rating to a “hold” rating in a research report on Thursday, July 13th. Finally, KeyCorp reissued a “hold” rating on shares of Scotts Miracle-Gro Company (The) in a research report on Monday, August 28th. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $101.00.

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Shares of Scotts Miracle-Gro Company (SMG) opened at 95.77 on Tuesday. The stock’s 50 day moving average is $95.13 and its 200 day moving average is $92.10. The stock has a market cap of $5.59 billion, a price-to-earnings ratio of 25.84 and a beta of 0.39. Scotts Miracle-Gro Company has a 52 week low of $80.54 and a 52 week high of $99.91.

Scotts Miracle-Gro Company (The) (NYSE:SMG) last issued its quarterly earnings data on Tuesday, August 1st. The basic materials company reported $2.63 earnings per share for the quarter, beating the Zacks’ 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 net margin of 7.85% and a return on equity of 36.28%. The firm’s revenue for the quarter was up 8.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.16 earnings per share. On average, equities analysts forecast that Scotts Miracle-Gro Company will post $4.09 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 8th. Investors of record on Friday, August 25th were given a dividend of $0.53 per share. This is an increase from Scotts Miracle-Gro Company (The)’s previous quarterly dividend of $0.50. The ex-dividend date of this dividend was Wednesday, August 23rd. This represents a $2.12 dividend on an annualized basis and a yield of 2.21%. Scotts Miracle-Gro Company (The)’s dividend payout ratio is 55.64%.

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.

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

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