Scotts Miracle-Gro Company (The) (SMG) Shares Sold by Ameritas Investment Partners Inc.

Ameritas Investment Partners Inc. reduced its position in shares of Scotts Miracle-Gro Company (The) (NYSE:SMG) by 2.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,666 shares of the basic materials company’s stock after selling 347 shares during the period. Ameritas Investment Partners Inc.’s holdings in Scotts Miracle-Gro Company (The) were worth $1,276,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in SMG. FMR LLC increased its position in shares of Scotts Miracle-Gro Company (The) by 218.0% in the fourth quarter. FMR LLC now owns 5,611,889 shares of the basic materials company’s stock valued at $536,216,000 after buying an additional 3,847,358 shares in the last quarter. Norges Bank acquired a new position in shares of Scotts Miracle-Gro Company (The) during the fourth quarter valued at $40,584,000. Kayne Anderson Rudnick Investment Management LLC increased its position in shares of Scotts Miracle-Gro Company (The) by 43.0% in the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 829,075 shares of the basic materials company’s stock valued at $77,427,000 after buying an additional 249,101 shares during the period. Teachers Advisors LLC increased its position in shares of Scotts Miracle-Gro Company (The) by 469.9% in the fourth quarter. Teachers Advisors LLC now owns 219,410 shares of the basic materials company’s stock valued at $20,965,000 after buying an additional 180,907 shares during the period. Finally, Shelton Capital Management acquired a new position in shares of Scotts Miracle-Gro Company (The) during the fourth quarter valued at $414,000. 68.55% of the stock is currently owned by institutional investors.

Institutional Ownership by Quarter for Scotts Miracle-Gro Company (The) (NYSE:SMG)

Scotts Miracle-Gro Company (NYSE:SMG) traded down 0.79% during midday trading on Friday, reaching $87.72. 714,808 shares of the company traded hands. The firm has a market capitalization of $5.23 billion, a price-to-earnings ratio of 18.80 and a beta of 0.34. Scotts Miracle-Gro Company has a 12 month low of $65.80 and a 12 month high of $98.82. The firm’s 50 day moving average price is $88.11 and its 200 day moving average price is $92.09.

Scotts Miracle-Gro Company (The) (NYSE:SMG) last issued its quarterly earnings data on Tuesday, May 2nd. The basic materials company reported $2.78 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $2.93 by $0.15. Scotts Miracle-Gro Company (The) had a net margin of 10.23% and a return on equity of 31.76%. The company had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.28 billion. During the same period in the previous year, the company earned $3.15 earnings per share. Scotts Miracle-Gro Company (The)’s revenue for the quarter was down 3.3% compared to the same quarter last year. On average, analysts expect that Scotts Miracle-Gro Company will post $4.15 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, June 9th. Investors of record on Friday, May 26th were paid a $0.50 dividend. The ex-dividend date was Wednesday, May 24th. This represents a $2.00 annualized dividend and a dividend yield of 2.28%. Scotts Miracle-Gro Company (The)’s dividend payout ratio (DPR) is presently 42.37%.

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Separately, Zacks Investment Research downgraded Scotts Miracle-Gro Company (The) from a “buy” rating to a “hold” rating in a report on Thursday, March 16th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the company. Scotts Miracle-Gro Company (The) presently has an average rating of “Buy” and an average price target of $97.00.

In other Scotts Miracle-Gro Company (The) news, CFO Thomas Randal Coleman sold 5,112 shares of the stock in a transaction dated Tuesday, May 16th. The shares were sold at an average price of $87.56, for a total transaction of $447,606.72. Following the sale, the chief financial officer now directly owns 14,090 shares in the company, valued at $1,233,720.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Chairman James Hagedorn sold 33,104 shares of the stock in a transaction dated Wednesday, May 3rd. The stock was sold at an average price of $88.49, for a total transaction of $2,929,372.96. Following the sale, the chairman now owns 99,006 shares in the company, valued at $8,761,040.94. The disclosure for this sale can be found here. Insiders sold 63,854 shares of company stock worth $5,662,079 over the last 90 days. 28.16% of the stock is currently owned by corporate insiders.

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.

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