Insider Selling: Scotts Miracle-Gro Company (The) (NYSE:SMG) Chairman Sells 16,000 Shares of Stock

Scotts Miracle-Gro Company (The) (NYSE:SMG) Chairman James Hagedorn sold 16,000 shares of Scotts Miracle-Gro Company (The) stock in a transaction that occurred on Monday, August 28th. The shares were sold at an average price of $94.37, for a total transaction of $1,509,920.00. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

James Hagedorn also recently made the following trade(s):

  • On Tuesday, August 15th, James Hagedorn sold 92,357 shares of Scotts Miracle-Gro Company (The) stock. The shares were sold at an average price of $96.41, for a total transaction of $8,904,138.37.
  • On Friday, August 11th, James Hagedorn sold 43,444 shares of Scotts Miracle-Gro Company (The) stock. The shares were sold at an average price of $95.60, for a total transaction of $4,153,246.40.

Shares of Scotts Miracle-Gro Company (SMG) traded up 0.32% during midday trading on Friday, reaching $95.37. 917,175 shares of the company traded hands. The stock has a market capitalization of $5.57 billion, a P/E ratio of 25.73 and a beta of 0.39. The stock’s 50-day moving average is $95.12 and its 200-day moving average is $92.06. Scotts Miracle-Gro Company has a 1-year low of $79.65 and a 1-year high of $99.91.

Scotts Miracle-Gro Company (The) (NYSE:SMG) last released its earnings results on Tuesday, August 1st. The basic materials company reported $2.63 EPS for the quarter, beating analysts’ consensus estimates of $2.51 by $0.12. The company had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.06 billion. Scotts Miracle-Gro Company (The) had a return on equity of 36.28% and a net margin of 7.85%. Scotts Miracle-Gro Company (The)’s quarterly revenue was up 8.5% compared to the same quarter last year. During the same quarter last year, the company earned $2.16 earnings per share. Equities analysts predict that Scotts Miracle-Gro Company will post $4.09 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 8th. Investors of record on Friday, August 25th were given a dividend of $0.53 per share. This represents a $2.12 dividend on an annualized basis and a yield of 2.22%. The ex-dividend date of this dividend was Wednesday, August 23rd. This is a boost from Scotts Miracle-Gro Company (The)’s previous quarterly dividend of $0.50. Scotts Miracle-Gro Company (The)’s dividend payout ratio (DPR) is currently 55.64%.

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SMG has been the subject of several analyst reports. KeyCorp reiterated a “hold” rating on shares of Scotts Miracle-Gro Company (The) in a research note on Monday, August 28th. BidaskClub cut shares of Scotts Miracle-Gro Company (The) from a “hold” rating to a “sell” rating in a research note on Tuesday, July 25th. Finally, Zacks Investment Research upgraded shares of Scotts Miracle-Gro Company (The) from a “sell” rating to a “hold” rating in a research note on Saturday, August 5th. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $101.00.

A number of institutional investors have recently bought and sold shares of SMG. Creative Planning increased its position in Scotts Miracle-Gro Company (The) by 4.3% during the 1st quarter. Creative Planning now owns 1,451 shares of the basic materials company’s stock worth $135,000 after purchasing an additional 60 shares in the last quarter. Bank of Montreal Can grew its holdings in Scotts Miracle-Gro Company (The) by 6.1% in the 1st quarter. Bank of Montreal Can now owns 21,637 shares of the basic materials company’s stock valued at $2,021,000 after buying an additional 1,248 shares during the period. Nisa Investment Advisors LLC grew its holdings in Scotts Miracle-Gro Company (The) by 3.2% in the 1st quarter. Nisa Investment Advisors LLC now owns 32,725 shares of the basic materials company’s stock valued at $3,056,000 after buying an additional 1,000 shares during the period. Nationwide Fund Advisors grew its holdings in Scotts Miracle-Gro Company (The) by 8.2% in the 1st quarter. Nationwide Fund Advisors now owns 142,291 shares of the basic materials company’s stock valued at $13,289,000 after buying an additional 10,761 shares during the period. Finally, Profund Advisors LLC grew its holdings in Scotts Miracle-Gro Company (The) by 1.8% in the 1st quarter. Profund Advisors LLC now owns 9,353 shares of the basic materials company’s stock valued at $873,000 after buying an additional 164 shares during the period. Hedge funds and other institutional investors own 69.04% of the company’s stock.

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.

Insider Buying and Selling by Quarter for Scotts Miracle-Gro Company (The) (NYSE:SMG)

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