Scotts Miracle-Gro Company (The) (NYSE:SMG) EVP Sells $2,149,555.75 in Stock

Scotts Miracle-Gro Company (The) (NYSE:SMG) EVP Denise Stump sold 22,615 shares of the stock in a transaction that occurred on Monday, July 24th. The stock was sold at an average price of $95.05, for a total transaction of $2,149,555.75. Following the completion of the sale, the executive vice president now owns 19,444 shares in the company, valued at $1,848,152.20. The transaction was disclosed in a filing with the SEC, which is available through this link.

Shares of Scotts Miracle-Gro Company (NYSE SMG) opened at 96.94 on Friday. Scotts Miracle-Gro Company has a one year low of $74.54 and a one year high of $99.91. The firm has a 50-day moving average of $91.45 and a 200-day moving average of $91.50. The company has a market cap of $5.74 billion, a price-to-earnings ratio of 26.16 and a beta of 0.40.

Scotts Miracle-Gro Company (The) (NYSE:SMG) last announced its quarterly earnings data on Tuesday, August 1st. The basic materials company reported $2.63 EPS for the quarter, topping the Zacks’ consensus estimate of $2.51 by $0.12. Scotts Miracle-Gro Company (The) had a return on equity of 36.28% and a net margin of 7.85%. The business had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.06 billion. During the same period in the previous year, the company posted $2.16 earnings per share. The business’s revenue for the quarter was up 8.5% on a year-over-year basis. Equities research analysts forecast that Scotts Miracle-Gro Company will post $4.15 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 8th. Investors of record on Friday, August 25th will be issued a $0.53 dividend. This represents a $2.12 dividend on an annualized basis and a yield of 2.19%. This is an increase from Scotts Miracle-Gro Company (The)’s previous quarterly dividend of $0.50. The ex-dividend date of this dividend is Wednesday, August 23rd. Scotts Miracle-Gro Company (The)’s dividend payout ratio is 52.49%.

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A number of institutional investors have recently made changes to their positions in the stock. Breton Hill Capital Ltd. acquired a new stake in shares of Scotts Miracle-Gro Company (The) during the first quarter valued at about $366,000. Oakbrook Investments LLC raised its position in Scotts Miracle-Gro Company (The) by 62.5% in the first quarter. Oakbrook Investments LLC now owns 3,900 shares of the basic materials company’s stock valued at $364,000 after buying an additional 1,500 shares in the last quarter. Louisiana State Employees Retirement System raised its position in Scotts Miracle-Gro Company (The) by 1.8% in the first quarter. Louisiana State Employees Retirement System now owns 11,200 shares of the basic materials company’s stock valued at $1,046,000 after buying an additional 200 shares in the last quarter. Palo Capital Inc. raised its position in Scotts Miracle-Gro Company (The) by 0.3% in the first quarter. Palo Capital Inc. now owns 8,714 shares of the basic materials company’s stock valued at $814,000 after buying an additional 28 shares in the last quarter. Finally, IFC Holdings Incorporated FL raised its position in Scotts Miracle-Gro Company (The) by 1.9% in the first quarter. IFC Holdings Incorporated FL now owns 2,406 shares of the basic materials company’s stock valued at $223,000 after buying an additional 44 shares in the last quarter. 68.02% of the stock is owned by hedge funds and other institutional investors.

Several analysts have recently weighed in on the stock. BidaskClub upgraded shares of Scotts Miracle-Gro Company (The) from a “sell” rating to a “hold” rating in a research report on Wednesday. Zacks Investment Research upgraded shares of Scotts Miracle-Gro Company (The) from a “sell” rating to a “hold” rating in a research report on Saturday. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $101.00.

About Scotts Miracle-Gro Company (The)

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.