Earnest Partners LLC decreased its position in shares of Scotts Miracle-Gro Co (NYSE:SMG) by 1.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,303,700 shares of the basic materials company’s stock after selling 12,584 shares during the quarter. Scotts Miracle-Gro accounts for 1.3% of Earnest Partners LLC’s portfolio, making the stock its 13th largest position. Earnest Partners LLC owned about 2.29% of Scotts Miracle-Gro worth $139,483,000 at the end of the most recent quarter.
Other large investors have also recently bought and sold shares of the company. Caxton Associates LP purchased a new stake in shares of Scotts Miracle-Gro during the third quarter valued at approximately $584,000. California Public Employees Retirement System lifted its position in Scotts Miracle-Gro by 10.7% during the third quarter. California Public Employees Retirement System now owns 133,233 shares of the basic materials company’s stock valued at $12,969,000 after purchasing an additional 12,833 shares during the period. Magnetar Financial LLC bought a new position in Scotts Miracle-Gro during the third quarter valued at approximately $2,218,000. Stifel Financial Corp lifted its position in Scotts Miracle-Gro by 16.0% during the third quarter. Stifel Financial Corp now owns 38,950 shares of the basic materials company’s stock valued at $3,793,000 after purchasing an additional 5,375 shares during the period. Finally, SG Americas Securities LLC lifted its position in Scotts Miracle-Gro by 194.6% during the fourth quarter. SG Americas Securities LLC now owns 7,398 shares of the basic materials company’s stock valued at $792,000 after purchasing an additional 4,887 shares during the period. Hedge funds and other institutional investors own 66.66% of the company’s stock.
Scotts Miracle-Gro Co (SMG) opened at $91.89 on Monday. The firm has a market cap of $5,230.79, a P/E ratio of 21.27, a P/E/G ratio of 1.77 and a beta of 0.21. Scotts Miracle-Gro Co has a 52-week low of $81.48 and a 52-week high of $110.12. The company has a current ratio of 2.09, a quick ratio of 0.61 and a debt-to-equity ratio of 3.34.
The firm also recently declared a quarterly dividend, which was paid on Friday, March 9th. Shareholders of record on Friday, February 23rd were given a $0.53 dividend. The ex-dividend date was Thursday, February 22nd. This represents a $2.12 annualized dividend and a yield of 2.31%. Scotts Miracle-Gro’s payout ratio is presently 49.07%.
In other Scotts Miracle-Gro news, Director Katherine Littlefield Hagedorn sold 2,892 shares of the stock in a transaction that occurred on Monday, February 5th. The shares were sold at an average price of $89.50, for a total value of $258,834.00. Following the transaction, the director now directly owns 9,043 shares in the company, valued at $809,348.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 29.14% of the stock is currently owned by company insiders.
A number of research analysts recently weighed in on SMG shares. Zacks Investment Research upgraded shares of Scotts Miracle-Gro from a “hold” rating to a “buy” rating and set a $103.00 price objective on the stock in a research report on Thursday, February 1st. Bank of America set a $120.00 price objective on shares of Scotts Miracle-Gro and gave the company a “buy” rating in a research report on Tuesday, January 30th. Finally, KeyCorp restated a “hold” rating on shares of Scotts Miracle-Gro in a research report on Saturday, November 25th. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $104.25.
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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