Scotts Miracle-Gro Co (NYSE:SMG) Director Thomas N. Kelly, Jr. Sells 6,167 Shares

Scotts Miracle-Gro Co (NYSE:SMG) Director Thomas N. Kelly, Jr. sold 6,167 shares of the stock in a transaction on Tuesday, August 13th. The stock was sold at an average price of $111.91, for a total value of $690,148.97. Following the sale, the director now directly owns 18,811 shares of the company’s stock, valued at $2,105,139.01. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Scotts Miracle-Gro stock traded up $0.41 during midday trading on Thursday, reaching $108.81. The company’s stock had a trading volume of 4,528 shares, compared to its average volume of 645,586. Scotts Miracle-Gro Co has a fifty-two week low of $57.96 and a fifty-two week high of $114.63. The company has a quick ratio of 0.90, a current ratio of 1.45 and a debt-to-equity ratio of 1.94. The company’s 50 day simple moving average is $103.78. The company has a market capitalization of $6.08 billion, a price-to-earnings ratio of 29.35, a PEG ratio of 2.20 and a beta of 0.86.

Scotts Miracle-Gro (NYSE:SMG) last released its earnings results on Wednesday, July 31st. The basic materials company reported $3.11 EPS for the quarter, beating analysts’ consensus estimates of $2.74 by $0.37. Scotts Miracle-Gro had a return on equity of 51.15% and a net margin of 12.02%. The company had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.07 billion. During the same quarter last year, the company earned $2.67 earnings per share. Scotts Miracle-Gro’s quarterly revenue was up 17.7% compared to the same quarter last year. As a group, equities analysts predict that Scotts Miracle-Gro Co will post 4.5 EPS for the current year.



The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 10th. Shareholders of record on Tuesday, August 27th will be issued a $0.58 dividend. The ex-dividend date is Monday, August 26th. This represents a $2.32 dividend on an annualized basis and a yield of 2.13%. This is an increase from Scotts Miracle-Gro’s previous quarterly dividend of $0.55. Scotts Miracle-Gro’s dividend payout ratio (DPR) is 59.30%.

A number of institutional investors have recently added to or reduced their stakes in the business. Nuveen Asset Management LLC bought a new stake in shares of Scotts Miracle-Gro during the 2nd quarter worth about $16,100,000. UBS Asset Management Americas Inc. boosted its holdings in Scotts Miracle-Gro by 223.9% in the 2nd quarter. UBS Asset Management Americas Inc. now owns 156,522 shares of the basic materials company’s stock valued at $15,417,000 after purchasing an additional 108,205 shares during the period. Covenant Partners LLC bought a new position in Scotts Miracle-Gro in the 2nd quarter valued at $267,000. Cubist Systematic Strategies LLC boosted its holdings in Scotts Miracle-Gro by 1,171.7% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 47,957 shares of the basic materials company’s stock valued at $4,724,000 after purchasing an additional 44,186 shares during the period. Finally, Jefferies Group LLC bought a new position in Scotts Miracle-Gro in the 2nd quarter valued at $652,000. 66.49% of the stock is owned by institutional investors.

Several equities research analysts recently weighed in on the company. Bank of America set a $96.00 price target on Scotts Miracle-Gro and gave the stock a “sell” rating in a report on Wednesday, July 31st. ValuEngine raised Scotts Miracle-Gro from a “hold” rating to a “buy” rating in a report on Thursday, May 30th. SunTrust Banks increased their price target on Scotts Miracle-Gro to $120.00 and gave the stock a “positive” rating in a report on Thursday, August 1st. Finally, TheStreet raised Scotts Miracle-Gro from a “c” rating to a “b” rating in a report on Wednesday, May 1st. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $87.42.

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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Insider Buying and Selling by Quarter for Scotts Miracle-Gro (NYSE:SMG)

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