Scotts Miracle-Gro Co. (NYSE:SMG) CFO Thomas Randal Coleman sold 789 shares of the stock in a transaction that occurred on Thursday, October 6th. The shares were sold at an average price of $82.65, for a total value of $65,210.85. Following the completion of the sale, the chief financial officer now directly owns 5,112 shares of the company’s stock, valued at $422,506.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.
Thomas Randal Coleman also recently made the following trade(s): On Tuesday, August 16th, Thomas Randal Coleman sold 4,927 shares of Scotts Miracle-Gro stock. The shares were sold at an average price of $82.51, for a total value of $406,526.77.
Scotts Miracle-Gro Co. (NYSE:SMG) opened at 83.48 on Friday. Scotts Miracle-Gro Co. has a 12 month low of $62.20 and a 12 month high of $84.16. The company has a 50-day moving average price of $81.94 and a 200 day moving average price of $74.44. The company has a market capitalization of $5.06 billion, a PE ratio of 16.32 and a beta of 0.70.
Scotts Miracle-Gro (NYSE:SMG) last announced its earnings results on Wednesday, August 3rd. The company reported $2.16 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.12 by $0.04. Scotts Miracle-Gro had a return on equity of 36.35% and a net margin of 10.72%. The business had revenue of $994.10 million for the quarter, compared to analyst estimates of $1.05 billion. During the same quarter last year, the firm earned $2.68 EPS. Scotts Miracle-Gro’s revenue for the quarter was down 10.5% compared to the same quarter last year. On average, equities research analysts forecast that Scotts Miracle-Gro Co. will post $3.79 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, September 9th. Investors of record on Friday, August 26th were given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 2.40%. The ex-dividend date was Wednesday, August 24th. This is a positive change from Scotts Miracle-Gro’s previous quarterly dividend of $0.47. Scotts Miracle-Gro’s dividend payout ratio (DPR) is currently 39.06%.
Large investors have recently made changes to their positions in the stock. Aperio Group LLC raised its stake in shares of Scotts Miracle-Gro by 12.7% in the first quarter. Aperio Group LLC now owns 16,155 shares of the company’s stock worth $1,176,000 after buying an additional 1,819 shares in the last quarter. Ngam Advisors L.P. purchased a new stake in shares of Scotts Miracle-Gro during the first quarter worth about $2,831,000. TIAA CREF Investment Management LLC raised its stake in shares of Scotts Miracle-Gro by 3.2% in the first quarter. TIAA CREF Investment Management LLC now owns 279,012 shares of the company’s stock worth $20,304,000 after buying an additional 8,603 shares in the last quarter. Teachers Advisors Inc. raised its stake in shares of Scotts Miracle-Gro by 0.4% in the first quarter. Teachers Advisors Inc. now owns 207,141 shares of the company’s stock worth $15,074,000 after buying an additional 887 shares in the last quarter. Finally, NN Investment Partners Holdings N.V. purchased a new stake in shares of Scotts Miracle-Gro during the first quarter worth about $306,000. 69.91% of the stock is currently owned by institutional investors and hedge funds.
Several research firms have recently weighed in on SMG. Tigress Financial reissued a “buy” rating on shares of Scotts Miracle-Gro in a research report on Monday, August 29th. Zacks Investment Research raised Scotts Miracle-Gro from a “sell” rating to a “hold” rating in a research report on Saturday, August 6th. Finally, JPMorgan Chase & Co. raised Scotts Miracle-Gro from a “neutral” rating to an “overweight” rating and increased their price objective for the company from $70.00 to $85.00 in a research report on Thursday, August 4th. One analyst has rated the stock with a hold rating and four have given a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $83.33.
About Scotts Miracle-Gro