Scotts Miracle-Gro Company (The) (NYSE:SMG) Shares Bought by Macquarie Group Ltd.

Macquarie Group Ltd. increased its stake in Scotts Miracle-Gro Company (The) (NYSE:SMG) by 9.0% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 440,608 shares of the basic materials company’s stock after buying an additional 36,211 shares during the quarter. Macquarie Group Ltd. owned about 0.75% of Scotts Miracle-Gro worth $42,889,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of SMG. Almanack Investment Partners LLC. acquired a new stake in shares of Scotts Miracle-Gro in the second quarter valued at about $132,000. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Scotts Miracle-Gro by 7.5% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,664 shares of the basic materials company’s stock valued at $149,000 after buying an additional 116 shares in the last quarter. Delta Asset Management LLC TN grew its stake in shares of Scotts Miracle-Gro by 3.8% in the second quarter. Delta Asset Management LLC TN now owns 2,025 shares of the basic materials company’s stock valued at $181,000 after buying an additional 75 shares in the last quarter. Creative Planning grew its stake in shares of Scotts Miracle-Gro by 44.5% in the second quarter. Creative Planning now owns 2,097 shares of the basic materials company’s stock valued at $188,000 after buying an additional 646 shares in the last quarter. Finally, Private Advisor Group LLC grew its stake in shares of Scotts Miracle-Gro by 9.0% in the second quarter. Private Advisor Group LLC now owns 2,620 shares of the basic materials company’s stock valued at $239,000 after buying an additional 216 shares in the last quarter. Institutional investors and hedge funds own 69.11% of the company’s stock.

Shares of Scotts Miracle-Gro Company (NYSE SMG) traded up $0.99 during midday trading on Thursday, reaching $101.41. The company’s stock had a trading volume of 320,771 shares, compared to its average volume of 420,831. Scotts Miracle-Gro Company has a 12-month low of $81.48 and a 12-month high of $102.50. The company has a current ratio of 1.62, a quick ratio of 0.87 and a debt-to-equity ratio of 1.90. The firm has a market cap of $5,830.00, a price-to-earnings ratio of 24.17, a PEG ratio of 2.40 and a beta of 0.36.

Scotts Miracle-Gro (NYSE:SMG) last issued its quarterly earnings data on Tuesday, November 7th. The basic materials company reported ($0.26) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.30) by $0.04. Scotts Miracle-Gro had a return on equity of 37.81% and a net margin of 7.51%. The firm had revenue of $376.70 million during the quarter, compared to analyst estimates of $368.50 million. During the same quarter last year, the firm earned ($0.30) EPS. Scotts Miracle-Gro’s quarterly revenue was up 8.0% on a year-over-year basis. equities analysts anticipate that Scotts Miracle-Gro Company will post 4.3 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 8th. Shareholders of record on Friday, November 24th will be paid a dividend of $0.53 per share. The ex-dividend date of this dividend is Wednesday, November 22nd. This represents a $2.12 dividend on an annualized basis and a yield of 2.09%. Scotts Miracle-Gro’s dividend payout ratio (DPR) is presently 65.23%.

In other Scotts Miracle-Gro news, CFO Thomas Randal Coleman sold 1,226 shares of the stock in a transaction that occurred on Thursday, October 5th. The stock was sold at an average price of $99.67, for a total transaction of $122,195.42. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, major shareholder Paul Hagedorn sold 16,000 shares of the stock in a transaction that occurred on Friday, September 8th. The stock was sold at an average price of $94.30, for a total value of $1,508,800.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 28,813 shares of company stock valued at $2,775,359. 28.16% of the stock is owned by insiders.

A number of research firms have recently issued reports on SMG. J P Morgan Chase & Co lowered Scotts Miracle-Gro from an “overweight” rating to a “neutral” rating and set a $99.00 target price for the company. in a research note on Wednesday, November 8th. KeyCorp reiterated a “hold” rating on shares of Scotts Miracle-Gro in a research note on Monday, October 16th. Bank of America increased their target price on Scotts Miracle-Gro from $107.00 to $110.00 and gave the company a “buy” rating in a research note on Wednesday, November 8th. SunTrust Banks reiterated a “hold” rating and issued a $95.00 target price on shares of Scotts Miracle-Gro in a research note on Friday, November 10th. Finally, Zacks Investment Research lowered Scotts Miracle-Gro from a “hold” rating to a “sell” rating in a research note on Wednesday, October 4th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $101.33.

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Scotts Miracle-Gro Company Profile

The Scotts Miracle-Gro Company (Scotts Miracle-Gro) is a manufacturer and marketer of branded consumer lawn and garden products. The Company’s segments include Global Consumer. In North America, its brands include Scotts and Turf Builder lawn and grass seed products; Miracle-Gro, Nature’s Care, Scotts, LiquaFeed and Osmocote gardening and landscape products; and Ortho, Roundup, Home Defense and Tomcat branded insect control, weed control and rodent control products.

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

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