Zurcher Kantonalbank Zurich Cantonalbank Raises Holdings in Scotts Miracle-Gro Co (SMG)

Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Scotts Miracle-Gro Co (NYSE:SMG) by 37.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,492 shares of the basic materials company’s stock after purchasing an additional 677 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Scotts Miracle-Gro were worth $267,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Caxton Associates LP acquired a new stake in shares of Scotts Miracle-Gro during the third quarter worth $584,000. Assenagon Asset Management S.A. acquired a new stake in shares of Scotts Miracle-Gro during the third quarter worth $487,000. California Public Employees Retirement System raised its holdings in shares of Scotts Miracle-Gro by 10.7% during the third quarter. California Public Employees Retirement System now owns 133,233 shares of the basic materials company’s stock worth $12,969,000 after purchasing an additional 12,833 shares during the period. Magnetar Financial LLC acquired a new stake in shares of Scotts Miracle-Gro during the third quarter worth $2,218,000. Finally, Stifel Financial Corp raised its holdings in shares of Scotts Miracle-Gro by 16.0% during the third quarter. Stifel Financial Corp now owns 38,950 shares of the basic materials company’s stock worth $3,793,000 after purchasing an additional 5,375 shares during the period. 64.87% of the stock is currently owned by institutional investors.

A number of analysts have weighed in 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 target price on the stock in a report on Wednesday, January 10th. JPMorgan Chase & Co. lowered 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 research report on Wednesday, November 8th. Bank of America upped their price target on shares of Scotts Miracle-Gro from $107.00 to $110.00 and gave the stock a “buy” rating in a research report on Wednesday, November 8th. KeyCorp restated a “hold” rating on shares of Scotts Miracle-Gro in a research report on Saturday, November 25th. Finally, SunTrust Banks restated a “hold” rating and set a $95.00 price target on shares of Scotts Miracle-Gro in a research report on Friday, November 10th. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $104.25.

Scotts Miracle-Gro Co (NYSE:SMG) opened at $91.55 on Tuesday. The company has a market cap of $5,211.43, a PE ratio of 22.49, a PEG ratio of 1.98 and a beta of 0.20. The company has a current ratio of 2.09, a quick ratio of 0.61 and a debt-to-equity ratio of 3.34. Scotts Miracle-Gro Co has a 12-month low of $81.48 and a 12-month high of $110.12.

Scotts Miracle-Gro (NYSE:SMG) last released its quarterly earnings results on Tuesday, January 30th. The basic materials company reported ($1.08) EPS for the quarter, missing the consensus estimate of ($0.92) by ($0.16). The firm had revenue of $221.50 million for the quarter, compared to the consensus estimate of $237.21 million. Scotts Miracle-Gro had a return on equity of 38.33% and a net margin of 9.11%. The firm’s revenue was down 10.3% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.96) EPS. research analysts expect that Scotts Miracle-Gro Co will post 4.7 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, March 9th. Stockholders of record on Friday, February 23rd will be given a dividend of $0.53 per share. The ex-dividend date of this dividend is Thursday, February 22nd. This represents a $2.12 annualized dividend and a dividend yield of 2.32%. Scotts Miracle-Gro’s dividend payout ratio is currently 49.07%.

In other news, Director Katherine Littlefield Hagedorn sold 2,892 shares of the company’s stock in a transaction dated Monday, February 5th. The shares were sold at an average price of $89.50, for a total transaction of $258,834.00. Following the completion of the transaction, the director now owns 9,043 shares in the company, valued at $809,348.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 29.14% of the stock is currently owned by corporate insiders.

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

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