SunTrust Banks, Inc. reaffirmed their hold rating on shares of Scotts Miracle-Gro Company (The) (NYSE:SMG) in a research report sent to investors on Friday. The firm currently has a $95.00 price objective on the basic materials company’s stock. SunTrust Banks also issued estimates for Scotts Miracle-Gro Company (The)’s Q1 2018 earnings at ($0.98) EPS, Q2 2018 earnings at $2.82 EPS, Q3 2018 earnings at $2.64 EPS, Q4 2018 earnings at ($0.33) EPS, FY2018 earnings at $4.21 EPS and FY2019 earnings at $4.63 EPS.

SMG has been the topic of a number of other research reports. Zacks Investment Research downgraded Scotts Miracle-Gro Company (The) from a hold rating to a sell rating in a research report on Wednesday, October 4th. KeyCorp reissued a hold rating on shares of Scotts Miracle-Gro Company (The) in a research report on Monday, August 28th. BidaskClub downgraded Scotts Miracle-Gro Company (The) from a hold rating to a sell rating in a research report on Tuesday, July 25th. Bank of America Corporation boosted their price target on Scotts Miracle-Gro Company (The) from $107.00 to $110.00 and gave the stock a buy rating in a research report on Wednesday, November 8th. Finally, J P Morgan Chase & Co downgraded Scotts Miracle-Gro Company (The) from an overweight rating to a neutral rating and set a $99.00 price target on the stock. in a research report on Wednesday, November 8th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company. Scotts Miracle-Gro Company (The) currently has an average rating of Hold and an average price target of $101.33.

Shares of Scotts Miracle-Gro Company (NYSE SMG) opened at $98.63 on Friday. Scotts Miracle-Gro Company has a twelve month low of $81.48 and a twelve month high of $102.50. The stock has a market capitalization of $5,761.08, a PE ratio of 23.54, a P/E/G ratio of 2.34 and a beta of 0.37. The company has a current ratio of 1.62, a quick ratio of 1.21 and a debt-to-equity ratio of 1.90.

Scotts Miracle-Gro Company (The) (NYSE:SMG) last announced its quarterly earnings results on Tuesday, November 7th. The basic materials company reported ($0.26) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.30) by $0.04. The firm had revenue of $376.70 million for the quarter, compared to the consensus estimate of $368.50 million. Scotts Miracle-Gro Company (The) had a return on equity of 37.81% and a net margin of 7.51%. The business’s revenue was up 8.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.30) earnings per share. analysts expect that Scotts Miracle-Gro Company will post 4.3 EPS for the current fiscal year.

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The company also recently announced a quarterly dividend, which will be paid on Friday, December 8th. Stockholders of record on Friday, November 24th will be given a $0.53 dividend. This represents a $2.12 annualized dividend and a dividend yield of 2.15%. The ex-dividend date is Wednesday, November 22nd. Scotts Miracle-Gro Company (The)’s payout ratio is 58.89%.

In other news, Director Nancy G. Mistretta sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, October 13th. The stock was sold at an average price of $100.11, for a total value of $500,550.00. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Chairman James Hagedorn sold 92,357 shares of the company’s stock in a transaction that occurred on Tuesday, August 15th. The shares were sold at an average price of $96.41, for a total value of $8,904,138.37. Following the completion of the transaction, the chairman now directly owns 115,867 shares in the company, valued at approximately $11,170,737.47. The disclosure for this sale can be found here. Insiders sold 162,583 shares of company stock worth $15,565,444 in the last ninety days. 28.16% of the stock is owned by company insiders.

Several institutional investors have recently bought and sold shares of SMG. TimesSquare Capital Management LLC acquired a new position in shares of Scotts Miracle-Gro Company (The) in the second quarter valued at approximately $61,566,000. FIL Ltd grew its position in shares of Scotts Miracle-Gro Company (The) by 39.2% in the second quarter. FIL Ltd now owns 664,781 shares of the basic materials company’s stock valued at $59,472,000 after purchasing an additional 187,264 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC grew its position in shares of Scotts Miracle-Gro Company (The) by 17.7% in the third quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,046,557 shares of the basic materials company’s stock valued at $101,873,000 after purchasing an additional 157,174 shares during the last quarter. Janus Henderson Group PLC acquired a new position in shares of Scotts Miracle-Gro Company (The) in the second quarter valued at approximately $13,178,000. Finally, Eagle Asset Management Inc. grew its position in shares of Scotts Miracle-Gro Company (The) by 44.5% in the second quarter. Eagle Asset Management Inc. now owns 327,304 shares of the basic materials company’s stock valued at $29,280,000 after purchasing an additional 100,743 shares during the last quarter. 68.76% of the stock is currently owned by institutional investors.

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.

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