Scotts Miracle-Gro Company (The) (NYSE:SMG) EVP Ivan C. Smith sold 6,587 shares of Scotts Miracle-Gro Company (The) stock in a transaction that occurred on Friday, November 17th. The stock was sold at an average price of $97.74, for a total transaction of $643,813.38. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Scotts Miracle-Gro Company (NYSE:SMG) traded up $0.27 on Monday, hitting $98.05. 221,412 shares of the stock were exchanged, compared to its average volume of 424,756. The stock has a market cap of $5,711.45, a price-to-earnings ratio of 23.34, a P/E/G ratio of 2.31 and a beta of 0.37. The company has a debt-to-equity ratio of 1.90, a current ratio of 1.62 and a quick ratio of 0.87. Scotts Miracle-Gro Company has a 12-month low of $81.48 and a 12-month high of $102.50.

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

The company also recently declared a quarterly dividend, which will be paid on Friday, December 8th. Stockholders of record on Friday, November 24th will be given a dividend of $0.53 per share. The ex-dividend date is Wednesday, November 22nd. This represents a $2.12 dividend on an annualized basis and a dividend yield of 2.16%. Scotts Miracle-Gro Company (The)’s dividend payout ratio (DPR) is currently 58.89%.

TRADEMARK VIOLATION WARNING: “Ivan C. Smith Sells 6,587 Shares of Scotts Miracle-Gro Company (The) (SMG) Stock” was first published by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are viewing this story on another website, it was illegally copied and reposted in violation of United States & international trademark & copyright legislation. The original version of this story can be accessed at https://www.thecerbatgem.com/2017/11/20/ivan-c-smith-sells-6587-shares-of-scotts-miracle-gro-company-the-smg-stock.html.

Large investors have recently made changes to their positions in the stock. Almanack Investment Partners LLC. purchased a new position in Scotts Miracle-Gro Company (The) in the second quarter worth $132,000. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Scotts Miracle-Gro Company (The) by 7.5% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,664 shares of the basic materials company’s stock worth $149,000 after acquiring an additional 116 shares in the last quarter. Delta Asset Management LLC TN grew its position 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 acquiring an additional 75 shares in the last quarter. Creative Planning grew its position in Scotts Miracle-Gro Company (The) by 44.5% in the second quarter. Creative Planning now owns 2,097 shares of the basic materials company’s stock worth $188,000 after acquiring an additional 646 shares in the last quarter. Finally, First Allied Advisory Services Inc. purchased a new position in Scotts Miracle-Gro Company (The) in the third quarter worth $226,000. Institutional investors own 69.04% of the company’s stock.

A number of equities research analysts recently commented on the stock. KeyCorp reaffirmed a “hold” rating on shares of Scotts Miracle-Gro Company (The) in a report on Monday, October 16th. BidaskClub raised shares of Scotts Miracle-Gro Company (The) from a “sell” rating to a “hold” rating in a report on Wednesday, August 2nd. SunTrust Banks, Inc. reaffirmed a “hold” rating and issued a $95.00 price target on shares of Scotts Miracle-Gro Company (The) in a report on Friday, November 10th. Bank of America Corporation boosted their target price on shares of Scotts Miracle-Gro Company (The) from $107.00 to $110.00 and gave the company a “buy” rating in a report on Wednesday, November 8th. Finally, Zacks Investment Research raised shares of Scotts Miracle-Gro Company (The) from a “sell” rating to a “hold” rating in a report on Saturday, August 5th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $101.33.

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.

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

Receive News & Stock Ratings for Scotts Miracle-Gro Company (The) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Scotts Miracle-Gro Company (The) and related stocks with our FREE daily email newsletter.