Vestmark Advisory Solutions Inc. Increases Stake in Scotts Miracle-Gro Co (NYSE:SMG)

Vestmark Advisory Solutions Inc. raised its stake in shares of Scotts Miracle-Gro Co (NYSE:SMG) by 13.9% in the third quarter, HoldingsChannel reports. The institutional investor owned 15,972 shares of the basic materials company’s stock after acquiring an additional 1,949 shares during the period. Vestmark Advisory Solutions Inc.’s holdings in Scotts Miracle-Gro were worth $1,626,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Municipal Employees Retirement System of Michigan grew its holdings in shares of Scotts Miracle-Gro by 1.5% in the second quarter. Municipal Employees Retirement System of Michigan now owns 7,270 shares of the basic materials company’s stock valued at $716,000 after purchasing an additional 110 shares in the last quarter. Charter Trust Co. grew its holdings in shares of Scotts Miracle-Gro by 4.0% in the second quarter. Charter Trust Co. now owns 2,989 shares of the basic materials company’s stock valued at $294,000 after purchasing an additional 115 shares in the last quarter. Curbstone Financial Management Corp grew its holdings in shares of Scotts Miracle-Gro by 1.7% in the second quarter. Curbstone Financial Management Corp now owns 7,630 shares of the basic materials company’s stock valued at $752,000 after purchasing an additional 130 shares in the last quarter. United Capital Financial Advisers LLC grew its holdings in shares of Scotts Miracle-Gro by 0.9% in the second quarter. United Capital Financial Advisers LLC now owns 16,395 shares of the basic materials company’s stock valued at $1,615,000 after purchasing an additional 145 shares in the last quarter. Finally, Sigma Planning Corp grew its holdings in shares of Scotts Miracle-Gro by 5.4% in the third quarter. Sigma Planning Corp now owns 2,872 shares of the basic materials company’s stock valued at $292,000 after purchasing an additional 146 shares in the last quarter. 66.93% of the stock is owned by institutional investors and hedge funds.

In other news, Director Nancy G. Mistretta sold 2,500 shares of Scotts Miracle-Gro stock in a transaction on Friday, September 6th. The stock was sold at an average price of $107.98, for a total transaction of $269,950.00. Following the completion of the sale, the director now directly owns 18,454 shares in the company, valued at $1,992,662.92. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 30.37% of the stock is currently owned by company insiders.

A number of research analysts recently weighed in on the stock. ValuEngine raised shares of Scotts Miracle-Gro from a “sell” rating to a “hold” rating in a report on Friday. SunTrust Banks lifted their price objective on shares of Scotts Miracle-Gro to $120.00 and gave the stock a “positive” rating in a research note on Thursday, August 1st. Bank of America raised shares of Scotts Miracle-Gro from a “neutral” rating to a “buy” rating and set a $108.00 price objective for the company in a research note on Friday, October 25th. Finally, Zacks Investment Research lowered shares of Scotts Miracle-Gro from a “buy” rating to a “hold” rating and set a $117.00 price objective for the company. in a research note on Tuesday, October 1st. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $98.42.

NYSE SMG traded down $0.06 on Tuesday, hitting $106.18. 292,653 shares of the stock were exchanged, compared to its average volume of 480,647. The company has a debt-to-equity ratio of 2.11, a quick ratio of 0.81 and a current ratio of 1.68. The stock has a fifty day moving average price of $101.15 and a two-hundred day moving average price of $99.47. The firm has a market capitalization of $5.89 billion, a P/E ratio of 23.75, a P/E/G ratio of 2.13 and a beta of 0.79. Scotts Miracle-Gro Co has a 52-week low of $57.96 and a 52-week high of $114.63.

Scotts Miracle-Gro (NYSE:SMG) last posted its quarterly earnings data on Wednesday, November 6th. The basic materials company reported ($0.91) EPS for the quarter, missing the consensus estimate of ($0.87) by ($0.04). The firm had revenue of $497.70 million for the quarter, compared to analysts’ expectations of $451.49 million. Scotts Miracle-Gro had a return on equity of 41.87% and a net margin of 14.59%. The firm’s quarterly revenue was up 14.7% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.75) earnings per share. Sell-side analysts expect that Scotts Miracle-Gro Co will post 5.05 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Tuesday, November 26th will be given a dividend of $0.58 per share. The ex-dividend date of this dividend is Monday, November 25th. This represents a $2.32 annualized dividend and a dividend yield of 2.18%. Scotts Miracle-Gro’s dividend payout ratio (DPR) is 51.90%.

Scotts Miracle-Gro Company Profile

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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