Earnest Partners LLC grew its holdings in Scotts Miracle-Gro Co (NYSE:SMG) by 0.8% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,316,284 shares of the basic materials company’s stock after purchasing an additional 10,341 shares during the period. Scotts Miracle-Gro makes up 1.3% of Earnest Partners LLC’s portfolio, making the stock its 19th biggest position. Earnest Partners LLC owned about 2.25% of Scotts Miracle-Gro worth $128,127,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in SMG. Caxton Associates LP purchased a new stake in shares of Scotts Miracle-Gro during the third quarter worth $584,000. First Allied Advisory Services Inc. purchased a new stake in shares of Scotts Miracle-Gro during the third quarter worth $226,000. Magnetar Financial LLC purchased a new stake in shares of Scotts Miracle-Gro during the third quarter worth $2,218,000. Engineers Gate Manager LP purchased a new stake in shares of Scotts Miracle-Gro during the third quarter worth $3,663,000. Finally, National Asset Management Inc. raised its holdings in shares of Scotts Miracle-Gro by 77.0% during the third quarter. National Asset Management Inc. now owns 6,155 shares of the basic materials company’s stock worth $600,000 after acquiring an additional 2,677 shares in the last quarter. Institutional investors own 69.11% of the company’s stock.

SMG has been the topic of several recent research reports. Zacks Investment Research lowered Scotts Miracle-Gro from a “hold” rating to a “sell” rating in a report on Wednesday, October 4th. KeyCorp restated a “hold” rating on shares of Scotts Miracle-Gro in a report on Monday, August 28th. SunTrust Banks restated a “hold” rating and set a $95.00 target price on shares of Scotts Miracle-Gro in a report on Friday, November 10th. Bank of America raised their target price on Scotts Miracle-Gro from $107.00 to $110.00 and gave the company a “buy” rating in a report on Wednesday, November 8th. Finally, J P Morgan Chase & Co lowered Scotts Miracle-Gro from an “overweight” rating to a “neutral” rating and set a $99.00 target price on the stock. in a 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 assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $101.33.

In other news, EVP Ivan C. Smith sold 6,587 shares of the firm’s stock in a transaction dated Friday, November 17th. The stock was sold at an average price of $97.74, for a total value of $643,813.38. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Nancy G. Mistretta sold 5,000 shares of the firm’s stock in a transaction dated Friday, October 13th. The shares were sold at an average price of $100.11, for a total value of $500,550.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 12,813 shares of company stock worth $1,266,559. 28.16% of the stock is currently owned by company insiders.

Scotts Miracle-Gro Co (NYSE:SMG) traded up $0.07 during midday trading on Friday, reaching $101.48. The company’s stock had a trading volume of 443,442 shares, compared to its average volume of 323,754. Scotts Miracle-Gro Co has a one year low of $81.48 and a one year high of $102.50. The company has a current ratio of 1.62, a quick ratio of 0.87 and a debt-to-equity ratio of 1.90. The company has a market capitalization of $5,834.13, a price-to-earnings ratio of 24.20, a P/E/G ratio of 2.40 and a beta of 0.36.

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

The firm also recently declared a quarterly dividend, which was paid on Friday, December 8th. Stockholders of record on Friday, November 24th were given a $0.53 dividend. This represents a $2.12 annualized dividend and a dividend yield of 2.09%. The ex-dividend date was Wednesday, November 22nd. Scotts Miracle-Gro’s dividend payout ratio is currently 58.89%.

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About Scotts Miracle-Gro

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 (NYSE:SMG)

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