Quantitative Systematic Strategies LLC Takes Position in The Scotts Miracle-Gro Company (NYSE:SMG)

Quantitative Systematic Strategies LLC bought a new position in The Scotts Miracle-Gro Company (NYSE:SMG) in the third quarter, Holdings Channel reports. The firm bought 2,154 shares of the basic materials company’s stock, valued at approximately $329,000.

A number of other hedge funds also recently added to or reduced their stakes in SMG. Nachman Norwood & Parrott Inc acquired a new stake in The Scotts Miracle-Gro in the 3rd quarter worth approximately $26,000. Flagship Harbor Advisors LLC boosted its stake in The Scotts Miracle-Gro by 87.6% in the 3rd quarter. Flagship Harbor Advisors LLC now owns 257 shares of the basic materials company’s stock worth $39,000 after purchasing an additional 120 shares in the last quarter. Steward Partners Investment Advisory LLC boosted its stake in The Scotts Miracle-Gro by 266.7% in the 3rd quarter. Steward Partners Investment Advisory LLC now owns 275 shares of the basic materials company’s stock worth $42,000 after purchasing an additional 200 shares in the last quarter. Ropes Wealth Advisors LLC acquired a new stake in The Scotts Miracle-Gro in the 3rd quarter worth approximately $51,000. Finally, Harbor Investment Advisory LLC boosted its stake in The Scotts Miracle-Gro by 28.5% in the 3rd quarter. Harbor Investment Advisory LLC now owns 451 shares of the basic materials company’s stock worth $69,000 after purchasing an additional 100 shares in the last quarter. Institutional investors own 64.86% of the company’s stock.

SMG opened at $169.33 on Friday. The Scotts Miracle-Gro Company has a 12-month low of $76.50 and a 12-month high of $179.97. The company has a current ratio of 1.61, a quick ratio of 1.16 and a debt-to-equity ratio of 1.51. The firm has a market capitalization of $9.44 billion, a PE ratio of 29.71 and a beta of 1.08. The firm has a 50 day moving average of $161.09 and a two-hundred day moving average of $150.92.

The Scotts Miracle-Gro (NYSE:SMG) last posted its earnings results on Wednesday, November 4th. The basic materials company reported $0.06 earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.01). The firm had revenue of $890.30 million for the quarter, compared to analysts’ expectations of $886.23 million. The Scotts Miracle-Gro had a net margin of 8.71% and a return on equity of 45.36%. The Scotts Miracle-Gro’s revenue for the quarter was up 78.9% compared to the same quarter last year. During the same period last year, the firm earned ($0.91) earnings per share. As a group, analysts predict that The Scotts Miracle-Gro Company will post 7.26 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 10th. Stockholders of record on Monday, November 30th will be issued a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a dividend yield of 1.46%. The ex-dividend date of this dividend is Friday, November 27th. The Scotts Miracle-Gro’s dividend payout ratio (DPR) is 55.48%.

A number of analysts recently commented on SMG shares. ValuEngine cut shares of The Scotts Miracle-Gro from a “hold” rating to a “sell” rating in a research note on Tuesday, November 10th. Berenberg Bank upgraded shares of The Scotts Miracle-Gro from a “hold” rating to a “buy” rating and set a $200.00 target price for the company in a research note on Thursday, November 12th. Raymond James reissued a “hold” rating on shares of The Scotts Miracle-Gro in a research report on Thursday, August 6th. Zacks Investment Research lowered shares of The Scotts Miracle-Gro from a “buy” rating to a “hold” rating and set a $178.00 price target for the company. in a research report on Tuesday. Finally, SunTrust Banks raised their price target on shares of The Scotts Miracle-Gro from $155.00 to $180.00 and gave the stock a “buy” rating in a research report on Thursday, July 30th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $165.00.

The 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 The Scotts Miracle-Gro (NYSE:SMG)

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