TIAA CREF Investment Management LLC reduced its stake in Scotts Miracle-Gro Company (The) (NYSE:SMG) by 0.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 136,057 shares of the basic materials company’s stock after selling 149 shares during the period. TIAA CREF Investment Management LLC owned 0.23% of Scotts Miracle-Gro Company (The) worth $12,172,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of SMG. World Asset Management Inc boosted its stake in shares of Scotts Miracle-Gro Company (The) by 0.5% during the second quarter. World Asset Management Inc now owns 3,135 shares of the basic materials company’s stock valued at $280,000 after purchasing an additional 17 shares in the last quarter. US Bancorp DE raised its stake in Scotts Miracle-Gro Company (The) by 0.3% in the second quarter. US Bancorp DE now owns 15,101 shares of the basic materials company’s stock worth $1,351,000 after buying an additional 49 shares in the last quarter. Teacher Retirement System of Texas raised its stake in Scotts Miracle-Gro Company (The) by 1.6% in the second quarter. Teacher Retirement System of Texas now owns 3,590 shares of the basic materials company’s stock worth $321,000 after buying an additional 57 shares in the last quarter. Delta Asset Management LLC TN raised its stake in Scotts Miracle-Gro Company (The) by 3.8% in the second quarter. Delta Asset Management LLC TN now owns 2,025 shares of the basic materials company’s stock worth $181,000 after buying an additional 75 shares in the last quarter. Finally, Envestnet Asset Management Inc. raised its stake in Scotts Miracle-Gro Company (The) by 0.9% in the first quarter. Envestnet Asset Management Inc. now owns 11,586 shares of the basic materials company’s stock worth $1,083,000 after buying an additional 99 shares in the last quarter. 69.07% of the stock is currently owned by institutional investors and hedge funds.

In other Scotts Miracle-Gro Company (The) news, Director Michelle A. Johnson sold 470 shares of the firm’s stock in a transaction that occurred on Monday, August 14th. The shares were sold at an average price of $96.40, for a total transaction of $45,308.00. Following the sale, the director now owns 8,074 shares of the company’s stock, valued at $778,333.60. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Denise Stump sold 22,615 shares of the business’s stock in a transaction that occurred on Monday, July 24th. The stock was sold at an average price of $95.05, for a total transaction of $2,149,555.75. Following the sale, the executive vice president now owns 19,444 shares of the company’s stock, valued at approximately $1,848,152.20. The disclosure for this sale can be found here. Insiders have sold a total of 254,859 shares of company stock worth $24,364,693 in the last three months. Corporate insiders own 28.16% of the company’s stock.

A number of analysts have weighed in on the company. BidaskClub upgraded Scotts Miracle-Gro Company (The) from a “sell” rating to a “hold” rating in a report on Thursday, July 13th. Zacks Investment Research upgraded Scotts Miracle-Gro Company (The) from a “sell” rating to a “hold” rating in a research note on Saturday, August 5th. Finally, KeyCorp reiterated a “hold” rating on shares of Scotts Miracle-Gro Company (The) in a research note on Monday, August 28th. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Scotts Miracle-Gro Company (The) has an average rating of “Hold” and a consensus price target of $101.00.

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Shares of Scotts Miracle-Gro Company (NYSE SMG) opened at 99.41 on Wednesday. The firm has a market capitalization of $5.81 billion, a PE ratio of 26.82 and a beta of 0.39. The company has a 50-day moving average of $95.57 and a 200-day moving average of $92.56. Scotts Miracle-Gro Company has a 1-year low of $81.48 and a 1-year high of $99.91.

Scotts Miracle-Gro Company (The) (NYSE:SMG) last posted its quarterly earnings results 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 analysts’ expectations 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% on a year-over-year basis. During the same period last year, the firm earned $2.16 earnings per share. Equities research analysts predict that Scotts Miracle-Gro Company will post $4.09 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 8th. Stockholders of record on Friday, August 25th were issued a $0.53 dividend. The ex-dividend date of this dividend was Wednesday, August 23rd. This represents a $2.12 dividend on an annualized basis and a dividend yield of 2.13%. This is an increase from Scotts Miracle-Gro Company (The)’s previous quarterly dividend of $0.50. Scotts Miracle-Gro Company (The)’s dividend payout ratio is presently 55.64%.

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.

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

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