14,884 Shares in The Scotts Miracle-Gro Company $SMG Acquired by Integrity Alliance LLC.

Integrity Alliance LLC. bought a new position in The Scotts Miracle-Gro Company (NYSE:SMG) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 14,884 shares of the basic materials company’s stock, valued at approximately $868,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Key Capital Management INC acquired a new stake in Scotts Miracle-Gro in the 4th quarter worth approximately $29,000. Covestor Ltd increased its position in Scotts Miracle-Gro by 201.1% in the 3rd quarter. Covestor Ltd now owns 527 shares of the basic materials company’s stock worth $30,000 after buying an additional 352 shares during the period. Caitong International Asset Management Co. Ltd bought a new position in Scotts Miracle-Gro in the 3rd quarter worth approximately $32,000. Hantz Financial Services Inc. increased its position in Scotts Miracle-Gro by 157.3% in the 3rd quarter. Hantz Financial Services Inc. now owns 584 shares of the basic materials company’s stock worth $33,000 after buying an additional 357 shares during the period. Finally, Smartleaf Asset Management LLC increased its position in Scotts Miracle-Gro by 156.7% in the 3rd quarter. Smartleaf Asset Management LLC now owns 634 shares of the basic materials company’s stock worth $35,000 after buying an additional 387 shares during the period. 74.07% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have commented on SMG shares. Jefferies Financial Group reaffirmed a “buy” rating and issued a $79.00 price target on shares of Scotts Miracle-Gro in a research report on Wednesday, April 29th. Wall Street Zen raised Scotts Miracle-Gro from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. UBS Group lifted their price target on Scotts Miracle-Gro from $67.00 to $70.00 and gave the stock a “neutral” rating in a research report on Thursday, April 30th. Wells Fargo & Company dropped their price target on Scotts Miracle-Gro from $75.00 to $72.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 8th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Scotts Miracle-Gro in a research report on Monday, May 4th. Four analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Scotts Miracle-Gro has an average rating of “Moderate Buy” and an average price target of $74.00.

Scotts Miracle-Gro Price Performance

Shares of NYSE:SMG opened at $60.40 on Friday. The business’s fifty day moving average price is $62.18 and its two-hundred day moving average price is $61.63. The Scotts Miracle-Gro Company has a fifty-two week low of $52.00 and a fifty-two week high of $72.35. The stock has a market capitalization of $3.51 billion, a price-to-earnings ratio of 33.74 and a beta of 1.88.

Scotts Miracle-Gro (NYSE:SMG) last announced its quarterly earnings results on Wednesday, April 29th. The basic materials company reported $4.53 earnings per share for the quarter, beating analysts’ consensus estimates of $3.97 by $0.56. Scotts Miracle-Gro had a negative return on equity of 79.61% and a net margin of 3.27%.The firm had revenue of $1.46 billion for the quarter, compared to analysts’ expectations of $1.41 billion. During the same period in the prior year, the business posted $3.98 earnings per share. The business’s revenue was up 2.7% compared to the same quarter last year. Research analysts expect that The Scotts Miracle-Gro Company will post 4.37 EPS for the current fiscal year.

Scotts Miracle-Gro Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 5th. Shareholders of record on Friday, May 22nd will be given a $0.66 dividend. This represents a $2.64 dividend on an annualized basis and a yield of 4.4%. The ex-dividend date is Friday, May 22nd. Scotts Miracle-Gro’s dividend payout ratio is 147.49%.

Scotts Miracle-Gro Company Profile

Scotts Miracle-Gro Company is a leading developer, manufacturer and distributor of consumer lawn and garden products. The firm serves both retail and professional customers through an array of branded offerings that include lawn fertilizers, grass seed, pest and disease control solutions, plant foods and specialty products for indoor and outdoor gardening. Its portfolio spans well-known names such as Scotts®, Miracle-Gro®, Ortho® and various hydroponic and specialty garden brands.

Headquartered in Marysville, Ohio, the company traces its roots to O.M.