Skylands Capital LLC decreased its position in shares of Scotts Miracle-Gro Co (NYSE:SMG) by 23.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 14,675 shares of the basic materials company’s stock after selling 4,400 shares during the period. Skylands Capital LLC’s holdings in Scotts Miracle-Gro were worth $1,570,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors have also recently bought and sold shares of the stock. Wealthsource Partners LLC lifted its position in Scotts Miracle-Gro by 45.0% during the third quarter. Wealthsource Partners LLC now owns 4,221 shares of the basic materials company’s stock valued at $411,000 after acquiring an additional 1,310 shares during the last quarter. Cetera Advisors LLC lifted its position in Scotts Miracle-Gro by 598.7% during the third quarter. Cetera Advisors LLC now owns 19,466 shares of the basic materials company’s stock valued at $1,890,000 after acquiring an additional 16,680 shares during the last quarter. TT International lifted its position in Scotts Miracle-Gro by 29.6% during the third quarter. TT International now owns 84,587 shares of the basic materials company’s stock valued at $8,233,000 after acquiring an additional 19,324 shares during the last quarter. RWC Asset Management LLP raised its holdings in shares of Scotts Miracle-Gro by 22.4% in the third quarter. RWC Asset Management LLP now owns 257,677 shares of the basic materials company’s stock worth $25,082,000 after buying an additional 47,232 shares during the last quarter. Finally, Neuberger Berman Group LLC raised its holdings in shares of Scotts Miracle-Gro by 2.5% in the third quarter. Neuberger Berman Group LLC now owns 718,989 shares of the basic materials company’s stock worth $69,986,000 after buying an additional 17,812 shares during the last quarter. 69.18% of the stock is owned by institutional investors.
A number of research analysts have issued reports on the stock. Zacks Investment Research raised shares of Scotts Miracle-Gro from a “sell” rating to a “hold” rating and set a $121.00 price target for the company in a report on Wednesday, January 10th. JPMorgan Chase & Co. cut shares of Scotts Miracle-Gro from an “overweight” rating to a “neutral” rating and set a $99.00 price target for the company. in a report on Wednesday, November 8th. KeyCorp reaffirmed a “hold” rating on shares of Scotts Miracle-Gro in a report on Monday, October 16th. Bank of America raised their price target on shares of Scotts Miracle-Gro from $107.00 to $110.00 and gave the stock a “buy” rating in a report on Wednesday, November 8th. Finally, SunTrust Banks reaffirmed a “hold” rating and issued a $95.00 price target on shares of Scotts Miracle-Gro in a report on Friday, November 10th. Five research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Scotts Miracle-Gro currently has a consensus rating of “Hold” and an average price target of $106.25.
In other news, EVP Ivan C. Smith sold 6,587 shares of the stock in a transaction on Friday, November 17th. The shares were sold at an average price of $97.74, for a total value of $643,813.38. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 29.14% of the stock is owned by corporate insiders.
Shares of Scotts Miracle-Gro Co (NYSE SMG) opened at $105.99 on Wednesday. The firm has a market cap of $6,205.09, a price-to-earnings ratio of 29.44, a PEG ratio of 2.49 and a beta of 0.36. Scotts Miracle-Gro Co has a 52 week low of $81.48 and a 52 week high of $110.12. The company has a quick ratio of 0.87, a current ratio of 1.62 and a debt-to-equity ratio of 1.90.
Scotts Miracle-Gro (NYSE:SMG) last released its quarterly earnings data on Tuesday, November 7th. The basic materials company reported ($0.26) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.30) by $0.04. The firm had revenue of $376.70 million for the quarter, compared to analyst estimates of $368.50 million. Scotts Miracle-Gro had a net margin of 7.51% and a return on equity of 37.81%. The business’s quarterly revenue was up 8.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.30) earnings per share. research analysts forecast that Scotts Miracle-Gro Co will post 4.42 EPS for the current fiscal year.
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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.
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