3,080 Shares in Scotts Miracle-Gro Co (SMG) Acquired by Mercer Global Advisors Inc. ADV

Mercer Global Advisors Inc. ADV bought a new stake in Scotts Miracle-Gro Co (NYSE:SMG) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 3,080 shares of the basic materials company’s stock, valued at approximately $242,000.

A number of other institutional investors have also recently bought and sold shares of the business. Vanguard Group Inc. grew its holdings in Scotts Miracle-Gro by 1.4% in the third quarter. Vanguard Group Inc. now owns 3,701,992 shares of the basic materials company’s stock valued at $291,458,000 after purchasing an additional 52,278 shares during the last quarter. BlackRock Inc. grew its holdings in Scotts Miracle-Gro by 1.9% in the fourth quarter. BlackRock Inc. now owns 3,632,451 shares of the basic materials company’s stock valued at $223,249,000 after purchasing an additional 66,029 shares during the last quarter. FMR LLC grew its holdings in Scotts Miracle-Gro by 21.5% in the fourth quarter. FMR LLC now owns 2,363,127 shares of the basic materials company’s stock valued at $145,238,000 after purchasing an additional 418,722 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC grew its holdings in Scotts Miracle-Gro by 1.7% in the fourth quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,153,990 shares of the basic materials company’s stock valued at $132,385,000 after purchasing an additional 36,253 shares during the last quarter. Finally, Fisher Asset Management LLC grew its holdings in Scotts Miracle-Gro by 3.9% in the fourth quarter. Fisher Asset Management LLC now owns 1,522,881 shares of the basic materials company’s stock valued at $93,596,000 after purchasing an additional 56,467 shares during the last quarter. 65.04% of the stock is currently owned by institutional investors.

Shares of NYSE:SMG opened at $87.39 on Wednesday. The company has a current ratio of 1.59, a quick ratio of 1.00 and a debt-to-equity ratio of 3.28. Scotts Miracle-Gro Co has a 52-week low of $57.96 and a 52-week high of $94.49. The firm has a market capitalization of $4.97 billion, a PE ratio of 23.56, a P/E/G ratio of 1.96 and a beta of 0.94.



Scotts Miracle-Gro (NYSE:SMG) last issued its quarterly earnings data on Wednesday, May 1st. The basic materials company reported $3.64 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $3.42 by $0.22. Scotts Miracle-Gro had a return on equity of 53.15% and a net margin of 8.67%. The business had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.16 billion. During the same period in the prior year, the business earned $2.88 earnings per share. The business’s revenue was up 17.4% on a year-over-year basis. On average, equities analysts anticipate that Scotts Miracle-Gro Co will post 4.25 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 10th. Stockholders of record on Tuesday, May 28th will be given a $0.55 dividend. The ex-dividend date is Friday, May 24th. This represents a $2.20 annualized dividend and a dividend yield of 2.52%. Scotts Miracle-Gro’s dividend payout ratio is currently 59.30%.

Several analysts have recently issued reports on SMG shares. JPMorgan Chase & Co. upgraded Scotts Miracle-Gro from an “underweight” rating to a “neutral” rating and set a $70.00 price objective on the stock in a research report on Thursday, January 31st. Bank of America downgraded Scotts Miracle-Gro from a “neutral” rating to an “underperform” rating and upped their price objective for the company from $81.00 to $83.00 in a research report on Thursday, May 2nd. ValuEngine upgraded Scotts Miracle-Gro from a “hold” rating to a “buy” rating in a research report on Wednesday, May 1st. TheStreet upgraded Scotts Miracle-Gro from a “c” rating to a “b” rating in a research report on Wednesday, May 1st. Finally, Raymond James downgraded Scotts Miracle-Gro from an “outperform” rating to a “market perform” rating and set a $77.10 price objective on the stock. in a research report on Wednesday, March 27th. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company’s stock. Scotts Miracle-Gro presently has an average rating of “Hold” and an average target price of $79.82.

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

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