Thomas Randal Coleman Sells 789 Shares of Scotts Miracle-Gro Co. (SMG) Stock
Scotts Miracle-Gro Co. (NYSE:SMG) CFO Thomas Randal Coleman sold 789 shares of the stock in a transaction that occurred on Thursday, October 6th. The shares were sold at an average price of $82.65, for a total value of $65,210.85. Following the completion of the sale, the chief financial officer now directly owns 5,112 shares of the company’s stock, valued at $422,506.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.
Thomas Randal Coleman also recently made the following trade(s):
- On Tuesday, August 16th, Thomas Randal Coleman sold 4,927 shares of Scotts Miracle-Gro stock. The shares were sold at an average price of $82.51, for a total value of $406,526.77.
Scotts Miracle-Gro Co. (NYSE:SMG) opened at 83.48 on Friday. Scotts Miracle-Gro Co. has a 12 month low of $62.20 and a 12 month high of $84.16. The company has a 50-day moving average price of $81.94 and a 200 day moving average price of $74.44. The company has a market capitalization of $5.06 billion, a PE ratio of 16.32 and a beta of 0.70.
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Scotts Miracle-Gro (NYSE:SMG) last announced its earnings results on Wednesday, August 3rd. The company reported $2.16 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.12 by $0.04. Scotts Miracle-Gro had a return on equity of 36.35% and a net margin of 10.72%. The business had revenue of $994.10 million for the quarter, compared to analyst estimates of $1.05 billion. During the same quarter last year, the firm earned $2.68 EPS. Scotts Miracle-Gro’s revenue for the quarter was down 10.5% compared to the same quarter last year. On average, equities research analysts forecast that Scotts Miracle-Gro Co. will post $3.79 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, September 9th. Investors of record on Friday, August 26th were given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 2.40%. The ex-dividend date was Wednesday, August 24th. This is a positive change from Scotts Miracle-Gro’s previous quarterly dividend of $0.47. Scotts Miracle-Gro’s dividend payout ratio (DPR) is currently 39.06%.
Large investors have recently made changes to their positions in the stock. Aperio Group LLC raised its stake in shares of Scotts Miracle-Gro by 12.7% in the first quarter. Aperio Group LLC now owns 16,155 shares of the company’s stock worth $1,176,000 after buying an additional 1,819 shares in the last quarter. Ngam Advisors L.P. purchased a new stake in shares of Scotts Miracle-Gro during the first quarter worth about $2,831,000. TIAA CREF Investment Management LLC raised its stake in shares of Scotts Miracle-Gro by 3.2% in the first quarter. TIAA CREF Investment Management LLC now owns 279,012 shares of the company’s stock worth $20,304,000 after buying an additional 8,603 shares in the last quarter. Teachers Advisors Inc. raised its stake in shares of Scotts Miracle-Gro by 0.4% in the first quarter. Teachers Advisors Inc. now owns 207,141 shares of the company’s stock worth $15,074,000 after buying an additional 887 shares in the last quarter. Finally, NN Investment Partners Holdings N.V. purchased a new stake in shares of Scotts Miracle-Gro during the first quarter worth about $306,000. 69.91% of the stock is currently owned by institutional investors and hedge funds.
Several research firms have recently weighed in on SMG. Tigress Financial reissued a “buy” rating on shares of Scotts Miracle-Gro in a research report on Monday, August 29th. Zacks Investment Research raised Scotts Miracle-Gro from a “sell” rating to a “hold” rating in a research report on Saturday, August 6th. Finally, JPMorgan Chase & Co. raised Scotts Miracle-Gro from a “neutral” rating to an “overweight” rating and increased their price objective for the company from $70.00 to $85.00 in a research report on Thursday, August 4th. One analyst has rated the stock with a hold rating and four have given a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $83.33.
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.
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