Quantinno Capital Management LP Acquires 14,418 Shares of The Scotts Miracle-Gro Company $SMG

Quantinno Capital Management LP raised its holdings in The Scotts Miracle-Gro Company (NYSE:SMG) by 7.1% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 217,969 shares of the basic materials company’s stock after acquiring an additional 14,418 shares during the quarter. Quantinno Capital Management LP owned approximately 0.37% of Scotts Miracle-Gro worth $13,255,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in SMG. Cassaday & Co Wealth Management LLC bought a new position in shares of Scotts Miracle-Gro in the first quarter worth about $26,000. Key Capital Management INC bought a new position in Scotts Miracle-Gro in the 4th quarter worth about $29,000. Caitong International Asset Management Co. Ltd bought a new position in Scotts Miracle-Gro in the 3rd quarter worth about $32,000. SBI Securities Co. Ltd. increased its position in shares of Scotts Miracle-Gro by 127.9% during the fourth quarter. SBI Securities Co. Ltd. now owns 889 shares of the basic materials company’s stock worth $52,000 after acquiring an additional 499 shares during the period. Finally, Aster Capital Management DIFC Ltd bought a new stake in shares of Scotts Miracle-Gro during the fourth quarter valued at approximately $53,000. 74.07% of the stock is currently owned by institutional investors.

Scotts Miracle-Gro Trading Up 4.2%

Shares of NYSE SMG opened at $68.46 on Tuesday. The Scotts Miracle-Gro Company has a 12-month low of $52.00 and a 12-month high of $75.34. The stock’s fifty day simple moving average is $65.02 and its two-hundred day simple moving average is $64.33. The stock has a market capitalization of $3.98 billion, a PE ratio of 59.53 and a beta of 1.82.

Scotts Miracle-Gro (NYSE:SMG) last released its quarterly earnings results on Wednesday, July 29th. The basic materials company reported $2.82 EPS for the quarter, topping the consensus estimate of $2.48 by $0.34. Scotts Miracle-Gro had a negative return on equity of 81.90% and a net margin of 2.19%.The firm had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.17 billion. During the same period in the previous year, the company posted $2.59 EPS. The business’s revenue for the quarter was up 1.1% compared to the same quarter last year. On average, equities analysts predict that The Scotts Miracle-Gro Company will post 4.35 earnings per share for the current fiscal year.

Scotts Miracle-Gro Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 4th. Stockholders of record on Friday, August 21st will be given a $0.66 dividend. The ex-dividend date of this dividend is Friday, August 21st. This represents a $2.64 dividend on an annualized basis and a dividend yield of 3.9%. Scotts Miracle-Gro’s payout ratio is presently 229.57%.

Insider Activity at Scotts Miracle-Gro

In other Scotts Miracle-Gro news, Director Stephen L. Johnson sold 1,171 shares of Scotts Miracle-Gro stock in a transaction on Thursday, July 30th. The shares were sold at an average price of $68.32, for a total value of $80,002.72. Following the transaction, the director directly owned 30,179 shares of the company’s stock, valued at approximately $2,061,829.28. The trade was a 3.74% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 24.40% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on SMG shares. UBS Group increased their price objective on Scotts Miracle-Gro from $70.00 to $78.00 and gave the stock a “neutral” rating in a research note on Thursday. Stifel Nicolaus increased their price target on Scotts Miracle-Gro from $75.00 to $76.00 and gave the stock a “buy” rating in a research report on Monday. Wells Fargo & Company lifted their price objective on Scotts Miracle-Gro from $74.00 to $77.00 and gave the company an “overweight” rating in a report on Thursday. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Scotts Miracle-Gro in a research note on Friday. Finally, Jefferies Financial Group reiterated a “buy” rating and set a $79.00 target price on shares of Scotts Miracle-Gro in a report on Wednesday, April 29th. Three analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Scotts Miracle-Gro presently has an average rating of “Hold” and a consensus price target of $75.40.

Scotts Miracle-Gro Profile

Scotts Miracle-Gro Company is a leading developer, manufacturer and distributor of consumer lawn and garden products. The firm serves both retail and professional customers through an array of branded offerings that include lawn fertilizers, grass seed, pest and disease control solutions, plant foods and specialty products for indoor and outdoor gardening. Its portfolio spans well-known names such as Scotts®, Miracle-Gro®, Ortho® and various hydroponic and specialty garden brands.

Headquartered in Marysville, Ohio, the company traces its roots to O.M.