Scotts Miracle-Gro Co. (NYSE:SMG) CFO Thomas Randal Coleman sold 789 shares of the firm’s 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 owns 5,112 shares in the company, valued at $422,506.80. The transaction was disclosed in a document filed with the SEC, which is available through 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.
Shares of Scotts Miracle-Gro Co. (NYSE:SMG) opened at 83.48 on Friday. The stock’s 50 day moving average price is $81.94 and its 200 day moving average price is $74.44. Scotts Miracle-Gro Co. has a 1-year low of $62.20 and a 1-year high of $84.16. The company has a market capitalization of $5.06 billion, a price-to-earnings ratio of 16.32 and a beta of 0.70.
Scotts Miracle-Gro (NYSE:SMG) last posted its earnings results on Wednesday, August 3rd. The company reported $2.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.12 by $0.04. Scotts Miracle-Gro had a net margin of 10.72% and a return on equity of 36.35%. The company earned $994.10 million during the quarter, compared to analysts’ expectations of $1.05 billion. During the same quarter in the previous year, the company posted $2.68 earnings per share. Scotts Miracle-Gro’s quarterly revenue was down 10.5% compared to the same quarter last year. Analysts expect that Scotts Miracle-Gro Co. will post $3.79 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, September 9th. Stockholders of record on Friday, August 26th were paid a $0.50 dividend. The ex-dividend date of this dividend was Wednesday, August 24th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.40%. This is a boost from Scotts Miracle-Gro’s previous quarterly dividend of $0.47. Scotts Miracle-Gro’s payout ratio is 39.06%.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Eqis Capital Management Inc. boosted its position in Scotts Miracle-Gro by 16.2% in the third quarter. Eqis Capital Management Inc. now owns 10,943 shares of the company’s stock worth $911,000 after buying an additional 1,529 shares during the period. Carnick & Kubik Group LLC purchased a new position in Scotts Miracle-Gro during the second quarter worth about $304,000. Mason Street Advisors LLC purchased a new position in Scotts Miracle-Gro during the second quarter worth about $1,444,000. Cowen Group Inc. purchased a new position in Scotts Miracle-Gro during the second quarter worth about $286,000. Finally, Royal Bank of Canada boosted its position in Scotts Miracle-Gro by 15.2% in the second quarter. Royal Bank of Canada now owns 109,346 shares of the company’s stock worth $7,643,000 after buying an additional 14,425 shares during the period. Institutional investors own 69.91% of the company’s stock.
SMG has been the subject of a number of research reports. Tigress Financial reaffirmed a “buy” rating on shares of Scotts Miracle-Gro in a research note on Monday, August 29th. Zacks Investment Research raised Scotts Miracle-Gro from a “sell” rating to a “hold” rating in a research note on Thursday, July 7th. Finally, JPMorgan Chase & Co. raised Scotts Miracle-Gro from a “neutral” rating to an “overweight” rating and increased their price target for the company from $70.00 to $85.00 in a research note on Thursday, August 4th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Scotts Miracle-Gro has an average rating of “Buy” and an average price target of $83.33.
Scotts Miracle-Gro Company Profile