AGF Investments Inc. lifted its position in shares of Scotts Miracle-Gro Co (NYSE:SMG) by 4.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 62,640 shares of the basic materials company’s stock after purchasing an additional 2,640 shares during the quarter. AGF Investments Inc. owned 0.11% of Scotts Miracle-Gro worth $6,414,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Cambridge Investment Research Advisors Inc. grew its stake in shares of Scotts Miracle-Gro by 0.7% during the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 12,921 shares of the basic materials company’s stock worth $1,372,000 after purchasing an additional 96 shares during the period. Utah Retirement Systems grew its stake in shares of Scotts Miracle-Gro by 1.3% during the 4th quarter. Utah Retirement Systems now owns 7,603 shares of the basic materials company’s stock worth $808,000 after purchasing an additional 100 shares during the period. Sunbelt Securities Inc. acquired a new stake in shares of Scotts Miracle-Gro during the 4th quarter worth approximately $2,654,000. Private Capital Group LLC grew its stake in shares of Scotts Miracle-Gro by 13.0% during the 1st quarter. Private Capital Group LLC now owns 924 shares of the basic materials company’s stock worth $95,000 after purchasing an additional 106 shares during the period. Finally, Advisory Services Network LLC grew its stake in shares of Scotts Miracle-Gro by 11.2% during the 4th quarter. Advisory Services Network LLC now owns 1,148 shares of the basic materials company’s stock worth $123,000 after purchasing an additional 116 shares during the period. 63.49% of the stock is currently owned by institutional investors and hedge funds.
Shares of SMG opened at $150.70 on Friday. Scotts Miracle-Gro Co has a 52-week low of $76.50 and a 52-week high of $151.03. The company has a quick ratio of 1.32, a current ratio of 2.08 and a debt-to-equity ratio of 2.66. The firm’s fifty day moving average is $124.37 and its two-hundred day moving average is $111.67. The stock has a market cap of $8.30 billion, a PE ratio of 26.81 and a beta of 0.91.
Scotts Miracle-Gro (NYSE:SMG) last posted its quarterly earnings results on Wednesday, May 6th. The basic materials company reported $4.50 EPS for the quarter, topping the consensus estimate of $4.18 by $0.32. Scotts Miracle-Gro had a return on equity of 42.92% and a net margin of 9.49%. The business had revenue of $1.38 billion for the quarter, compared to analyst estimates of $1.32 billion. During the same quarter in the previous year, the firm earned $3.64 EPS. The company’s quarterly revenue was up 16.2% compared to the same quarter last year. As a group, research analysts anticipate that Scotts Miracle-Gro Co will post 5.26 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 10th. Stockholders of record on Wednesday, May 27th will be issued a dividend of $0.58 per share. The ex-dividend date is Tuesday, May 26th. This represents a $2.32 annualized dividend and a dividend yield of 1.54%. Scotts Miracle-Gro’s dividend payout ratio is presently 51.90%.
A number of equities research analysts recently issued reports on SMG shares. TheStreet raised shares of Scotts Miracle-Gro from a “c+” rating to a “b” rating in a research note on Wednesday, May 6th. ValuEngine raised shares of Scotts Miracle-Gro from a “sell” rating to a “hold” rating in a research note on Tuesday, February 4th. Raymond James lifted their price target on shares of Scotts Miracle-Gro from $130.00 to $152.00 and gave the company a “strong-buy” rating in a research note on Thursday, May 7th. SunTrust Banks lifted their price target on shares of Scotts Miracle-Gro from $140.00 to $150.00 and gave the company a “buy” rating in a research note on Thursday, May 14th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Scotts Miracle-Gro from $103.00 to $115.00 and gave the company a “neutral” rating in a research note on Thursday, February 6th. Four equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Scotts Miracle-Gro presently has a consensus rating of “Buy” and a consensus target price of $123.50.
About Scotts Miracle-Gro
The Scotts Miracle-Gro Company manufactures, markets, and sells consumer lawn and garden products in the United States and internationally. The company operates through three segments: U.S. Consumer, Hawthorne, and Other. It offers lawn care products, such as lawn fertilizers, grass seed products, spreaders, other durable products, and outdoor cleaners, as well as lawn-related weed, pest, and disease control products.
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