Scotts Miracle-Gro Company (The) (NYSE:SMG) Director Michelle A. Johnson sold 470 shares of the company’s stock in a transaction dated Monday, August 14th. The stock was sold at an average price of $96.40, for a total transaction of $45,308.00. Following the transaction, the director now owns 8,074 shares of the company’s stock, valued at approximately $778,333.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Shares of Scotts Miracle-Gro Company (NYSE SMG) traded down 0.54% during trading on Wednesday, reaching $95.95. 371,741 shares of the company were exchanged. The stock has a market capitalization of $5.68 billion, a P/E ratio of 25.89 and a beta of 0.40. Scotts Miracle-Gro Company has a 52-week low of $78.73 and a 52-week high of $99.91. The stock has a 50-day moving average of $93.52 and a 200 day moving average of $91.65.

Scotts Miracle-Gro Company (The) (NYSE:SMG) last released its quarterly earnings results on Tuesday, August 1st. The basic materials company reported $2.63 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.51 by $0.12. Scotts Miracle-Gro Company (The) had a return on equity of 36.28% and a net margin of 7.85%. The business had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $1.06 billion. During the same period in the previous year, the business posted $2.16 earnings per share. The firm’s revenue for the quarter was up 8.5% compared to the same quarter last year. On average, equities analysts anticipate that Scotts Miracle-Gro Company will post $4.15 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 8th. Investors of record on Friday, August 25th will be issued a $0.53 dividend. This represents a $2.12 dividend on an annualized basis and a dividend yield of 2.21%. This is a boost from Scotts Miracle-Gro Company (The)’s previous quarterly dividend of $0.50. The ex-dividend date is Wednesday, August 23rd. Scotts Miracle-Gro Company (The)’s payout ratio is currently 52.49%.

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Several hedge funds and other institutional investors have recently added to or reduced their stakes in SMG. Creative Planning boosted its position in Scotts Miracle-Gro Company (The) by 4.3% in the first quarter. Creative Planning now owns 1,451 shares of the basic materials company’s stock worth $135,000 after buying an additional 60 shares in the last quarter. Bank of Montreal Can boosted its position in Scotts Miracle-Gro Company (The) by 6.1% in the first quarter. Bank of Montreal Can now owns 21,637 shares of the basic materials company’s stock worth $2,021,000 after buying an additional 1,248 shares in the last quarter. Louisiana State Employees Retirement System boosted its position in Scotts Miracle-Gro Company (The) by 1.8% in the first quarter. Louisiana State Employees Retirement System now owns 11,200 shares of the basic materials company’s stock worth $1,046,000 after buying an additional 200 shares in the last quarter. Wealth Enhancement Advisory Services LLC acquired a new position in Scotts Miracle-Gro Company (The) during the first quarter worth about $812,000. Finally, Nisa Investment Advisors LLC boosted its position in Scotts Miracle-Gro Company (The) by 3.2% in the first quarter. Nisa Investment Advisors LLC now owns 32,725 shares of the basic materials company’s stock worth $3,056,000 after buying an additional 1,000 shares in the last quarter. 66.16% of the stock is owned by institutional investors and hedge funds.

SMG has been the subject of a number of recent analyst reports. BidaskClub upgraded shares of Scotts Miracle-Gro Company (The) from a “sell” rating to a “hold” rating in a research report on Thursday, July 13th. Zacks Investment Research upgraded shares of Scotts Miracle-Gro Company (The) from a “sell” rating to a “hold” rating in a research report on Saturday, August 5th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $101.00.

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)

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