Scotts Miracle-Gro Company (The) (SMG) Shares Bought by Macquarie Group Ltd.

Macquarie Group Ltd. raised its holdings in shares of Scotts Miracle-Gro Company (The) (NYSE:SMG) by 9.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 440,608 shares of the basic materials company’s stock after buying an additional 36,211 shares during the period. Macquarie Group Ltd. owned about 0.75% of Scotts Miracle-Gro Company (The) worth $42,889,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the business. Commonwealth Equity Services Inc grew its holdings in shares of Scotts Miracle-Gro Company (The) by 6.6% during the third quarter. Commonwealth Equity Services Inc now owns 14,846 shares of the basic materials company’s stock valued at $1,445,000 after buying an additional 921 shares during the last quarter. Advisors Asset Management Inc. raised its position in shares of Scotts Miracle-Gro Company (The) by 12.4% in the third quarter. Advisors Asset Management Inc. now owns 24,393 shares of the basic materials company’s stock worth $2,374,000 after acquiring an additional 2,690 shares during the period. Commerce Bank raised its position in shares of Scotts Miracle-Gro Company (The) by 11.5% in the third quarter. Commerce Bank now owns 14,733 shares of the basic materials company’s stock worth $1,434,000 after acquiring an additional 1,525 shares during the period. Quantbot Technologies LP acquired a new position in shares of Scotts Miracle-Gro Company (The) in the third quarter worth about $336,000. Finally, Cheyne Capital Management UK LLP raised its position in shares of Scotts Miracle-Gro Company (The) by 150.0% during the 3rd quarter. Cheyne Capital Management UK LLP now owns 70,000 shares of the basic materials company’s stock worth $312,000 after purchasing an additional 42,000 shares during the last quarter. Institutional investors and hedge funds own 69.04% of the company’s stock.

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Scotts Miracle-Gro Company (NYSE:SMG) opened at $98.32 on Wednesday. Scotts Miracle-Gro Company has a 52-week low of $81.48 and a 52-week high of $102.50. The company has a debt-to-equity ratio of 1.90, a quick ratio of 0.87 and a current ratio of 1.62. The stock has a market cap of $5,727.22, a price-to-earnings ratio of 23.40, a price-to-earnings-growth ratio of 2.32 and a beta of 0.37.

Scotts Miracle-Gro Company (The) (NYSE:SMG) last issued its quarterly earnings data on Tuesday, November 7th. The basic materials company reported ($0.26) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.30) by $0.04. Scotts Miracle-Gro Company (The) had a net margin of 7.51% and a return on equity of 37.81%. The company had revenue of $376.70 million for the quarter, compared to the consensus estimate of $368.50 million. During the same period last year, the firm posted ($0.30) EPS. Scotts Miracle-Gro Company (The)’s revenue for the quarter was up 8.0% on a year-over-year basis. equities analysts anticipate that Scotts Miracle-Gro Company will post 4.3 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 8th. Stockholders of record on Friday, November 24th will be issued a $0.53 dividend. This represents a $2.12 annualized dividend and a dividend yield of 2.16%. The ex-dividend date of this dividend is Wednesday, November 22nd. Scotts Miracle-Gro Company (The)’s payout ratio is 58.89%.

In related news, Director Nancy G. Mistretta sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, October 13th. The shares were sold at an average price of $100.11, for a total transaction of $500,550.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Hagedorn Partnership, L.P. sold 32,000 shares of the company’s stock in a transaction that occurred on Monday, August 28th. The stock was sold at an average price of $94.37, for a total transaction of $3,019,840.00. Following the transaction, the insider now directly owns 15,759,274 shares of the company’s stock, valued at approximately $1,487,202,687.38. The disclosure for this sale can be found here. In the last three months, insiders have sold 76,813 shares of company stock worth $7,305,119. 28.16% of the stock is owned by insiders.

A number of research firms have commented on SMG. Zacks Investment Research downgraded shares of Scotts Miracle-Gro Company (The) from a “hold” rating to a “sell” rating in a report on Wednesday, October 4th. Bank of America Corporation increased their price objective on shares of Scotts Miracle-Gro Company (The) from $107.00 to $110.00 and gave the stock a “buy” rating in a research report on Wednesday, November 8th. SunTrust Banks, Inc. reaffirmed a “hold” rating and set a $95.00 price objective on shares of Scotts Miracle-Gro Company (The) in a research report on Friday, November 10th. BidaskClub cut shares of Scotts Miracle-Gro Company (The) from a “hold” rating to a “sell” rating in a research report on Tuesday, July 25th. Finally, KeyCorp reissued a “hold” rating on shares of Scotts Miracle-Gro Company (The) in a research report on Monday, August 28th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $101.33.

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.

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

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