Shares of Scotts Miracle-Gro Company (The) (NYSE:SMG) have received a consensus recommendation of “Hold” from the six research firms that are currently covering the company, Marketbeat.com reports. Four research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $100.00.

A number of equities research analysts have weighed in on SMG shares. KeyCorp reissued a “hold” rating on shares of Scotts Miracle-Gro Company (The) in a report on Monday, August 28th. BidaskClub lowered shares of Scotts Miracle-Gro Company (The) from a “hold” rating to a “sell” rating in a report on Tuesday, July 25th. 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.

In other news, major shareholder Paul Hagedorn sold 16,000 shares of the company’s stock in a transaction on Friday, September 8th. The shares were sold at an average price of $94.30, for a total value of $1,508,800.00. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Chairman James Hagedorn sold 92,357 shares of the company’s stock in a transaction on Tuesday, August 15th. The shares were sold at an average price of $96.41, for a total transaction of $8,904,138.37. Following the completion of the sale, the chairman now directly owns 115,867 shares in the company, valued at $11,170,737.47. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 254,859 shares of company stock worth $24,364,693. Insiders own 28.16% of the company’s stock.

Several large investors have recently bought and sold shares of SMG. FNY Managed Accounts LLC bought a new stake in shares of Scotts Miracle-Gro Company (The) in the 1st quarter valued at $103,000. Almanack Investment Partners LLC. bought a new stake in shares of Scotts Miracle-Gro Company (The) in the 2nd quarter valued at $132,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Scotts Miracle-Gro Company (The) by 7.5% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,664 shares of the basic materials company’s stock valued at $149,000 after purchasing an additional 116 shares during the last quarter. Delta Asset Management LLC TN boosted its stake in shares of Scotts Miracle-Gro Company (The) by 3.8% in the 2nd quarter. Delta Asset Management LLC TN now owns 2,025 shares of the basic materials company’s stock valued at $181,000 after purchasing an additional 75 shares during the last quarter. Finally, Creative Planning boosted its stake in shares of Scotts Miracle-Gro Company (The) by 44.5% in the 2nd quarter. Creative Planning now owns 2,097 shares of the basic materials company’s stock valued at $188,000 after purchasing an additional 646 shares during the last quarter. 69.02% of the stock is currently owned by institutional investors.

Shares of Scotts Miracle-Gro Company (NYSE SMG) traded down 0.20% during trading on Friday, reaching $96.63. 135,942 shares of the company’s stock were exchanged. The stock has a market cap of $5.64 billion, a PE ratio of 26.07 and a beta of 0.39. Scotts Miracle-Gro Company has a 52-week low of $81.48 and a 52-week high of $99.91. The stock’s 50 day moving average price is $95.14 and its 200-day moving average price is $92.14.

Scotts Miracle-Gro Company (The) (NYSE:SMG) last posted its earnings results on Tuesday, August 1st. The basic materials company reported $2.63 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.51 by $0.12. Scotts Miracle-Gro Company (The) had a net margin of 7.85% and a return on equity of 36.28%. The firm had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.06 billion. During the same period in the previous year, the firm posted $2.16 EPS. The company’s revenue for the quarter was up 8.5% compared to the same quarter last year. On average, equities research analysts forecast that Scotts Miracle-Gro Company will post $4.09 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 8th. Stockholders of record on Friday, August 25th were paid a $0.53 dividend. This is a positive change from Scotts Miracle-Gro Company (The)’s previous quarterly dividend of $0.50. This represents a $2.12 dividend on an annualized basis and a dividend yield of 2.19%. The ex-dividend date of this dividend was Wednesday, August 23rd. Scotts Miracle-Gro Company (The)’s dividend payout ratio is currently 55.64%.

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Scotts Miracle-Gro Company (The) Company Profile

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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