Dynamic Capital Management Ltd Buys New Position in Scotts Miracle-Gro Company (The) (SMG)

Dynamic Capital Management Ltd bought a new stake in Scotts Miracle-Gro Company (The) (NYSE:SMG) during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 24,949 shares of the company’s stock, valued at approximately $2,078,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. State Treasurer State of Michigan raised its position in shares of Scotts Miracle-Gro Company (The) by 0.6% in the third quarter. State Treasurer State of Michigan now owns 18,275 shares of the company’s stock valued at $1,522,000 after buying an additional 100 shares during the period. Wealthsource Partners LLC raised its position in shares of Scotts Miracle-Gro Company (The) by 1.6% in the second quarter. Wealthsource Partners LLC now owns 7,639 shares of the company’s stock valued at $534,000 after buying an additional 118 shares during the period. Atria Investments LLC raised its position in shares of Scotts Miracle-Gro Company (The) by 2.4% in the third quarter. Atria Investments LLC now owns 5,744 shares of the company’s stock valued at $478,000 after buying an additional 132 shares during the period. Schulhoff & Co. Inc. raised its position in shares of Scotts Miracle-Gro Company (The) by 0.3% in the second quarter. Schulhoff & Co. Inc. now owns 51,940 shares of the company’s stock valued at $3,631,000 after buying an additional 173 shares during the period. Finally, LS Investment Advisors LLC raised its position in shares of Scotts Miracle-Gro Company (The) by 6.8% in the third quarter. LS Investment Advisors LLC now owns 2,912 shares of the company’s stock valued at $242,000 after buying an additional 186 shares during the period. 70.13% of the stock is owned by institutional investors.

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

Shares of Scotts Miracle-Gro Company (NYSE:SMG) opened at 92.49 on Friday. Scotts Miracle-Gro Company has a one year low of $65.01 and a one year high of $98.82. The firm has a market cap of $5.56 billion, a PE ratio of 17.23 and a beta of 0.64. The company has a 50-day moving average of $93.61 and a 200 day moving average of $87.33.

Scotts Miracle-Gro Company (The) (NYSE:SMG) last posted its quarterly earnings results on Tuesday, January 31st. The company reported ($0.96) EPS for the quarter, beating the consensus estimate of ($1.25) by $0.29. The company earned $246.80 million during the quarter, compared to analysts’ expectations of $232.93 million. Scotts Miracle-Gro Company (The) had a return on equity of 34.31% and a net margin of 11.64%. The firm’s revenue was up 26.9% on a year-over-year basis. During the same quarter in the previous year, the business earned ($1.14) EPS. On average, equities research analysts expect that Scotts Miracle-Gro Company will post $4.30 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 10th. Shareholders of record on Friday, February 24th will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 2.16%. The ex-dividend date of this dividend is Wednesday, February 22nd. Scotts Miracle-Gro Company (The)’s dividend payout ratio (DPR) is 37.24%.

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Several analysts have recently issued reports on the stock. SunTrust Banks, Inc. cut shares of Scotts Miracle-Gro Company (The) from a “buy” rating to a “hold” rating and set a $95.00 price target on the stock. in a research report on Wednesday, January 11th. Zacks Investment Research cut shares of Scotts Miracle-Gro Company (The) from a “buy” rating to a “hold” rating in a research report on Friday, February 3rd. Gabelli assumed coverage on shares of Scotts Miracle-Gro Company (The) in a research report on Thursday, October 20th. They set a “buy” rating on the stock. Finally, Bank of America Corporation raised shares of Scotts Miracle-Gro Company (The) from an “underperform” rating to a “buy” rating and set a $105.00 price target on the stock in a research report on Thursday, December 8th. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $96.25.

In other news, Chairman James Hagedorn sold 15,984 shares of the business’s stock in a transaction dated Thursday, December 15th. The stock was sold at an average price of $95.42, for a total transaction of $1,525,193.28. Following the completion of the sale, the chairman now owns 9,079 shares in the company, valued at approximately $866,318.18. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Hagedorn Partnership, L.P. sold 20,000 shares of the business’s stock in a transaction dated Wednesday, December 14th. The stock was sold at an average price of $95.00, for a total value of $1,900,000.00. Following the sale, the insider now owns 15,795,318 shares of the company’s stock, valued at approximately $1,500,555,210. The disclosure for this sale can be found here. 28.16% of the stock is owned by insiders.

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.

5 Day Chart for NYSE:SMG

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