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

Dynamic Capital Management Ltd acquired a new stake in shares of Scotts Miracle-Gro Company (The) (NYSE:SMG) during the third quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 24,949 shares of the company’s stock, valued at approximately $2,078,000.

A number of other institutional investors have also modified their holdings of the stock. Ameriprise Financial Inc. increased its position in shares of Scotts Miracle-Gro Company (The) by 1.3% in the third quarter. Ameriprise Financial Inc. now owns 252,240 shares of the company’s stock valued at $21,004,000 after buying an additional 3,350 shares during the last quarter. Fisher Asset Management LLC increased its position in shares of Scotts Miracle-Gro Company (The) by 3.8% in the third quarter. Fisher Asset Management LLC now owns 1,540,586 shares of the company’s stock valued at $128,285,000 after buying an additional 56,027 shares during the last quarter. Rhumbline Advisers increased its position in shares of Scotts Miracle-Gro Company (The) by 4.9% in the third quarter. Rhumbline Advisers now owns 85,102 shares of the company’s stock valued at $7,086,000 after buying an additional 3,975 shares during the last quarter. Handelsinvest Investeringsforvaltning increased its position in shares of Scotts Miracle-Gro Company (The) by 24.8% in the third quarter. Handelsinvest Investeringsforvaltning now owns 49,300 shares of the company’s stock valued at $4,105,000 after buying an additional 9,800 shares during the last quarter. Finally, TIAA CREF Investment Management LLC increased its position in shares of Scotts Miracle-Gro Company (The) by 44.1% in the third quarter. TIAA CREF Investment Management LLC now owns 196,505 shares of the company’s stock valued at $16,363,000 after buying an additional 60,102 shares during the last quarter. Hedge funds and other institutional investors own 70.13% of the company’s stock.

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. The company’s 50 day moving average price is $93.61 and its 200-day moving average price is $87.33. The firm has a market capitalization of $5.56 billion, a PE ratio of 17.23 and a beta of 0.64. Scotts Miracle-Gro Company has a 52 week low of $65.01 and a 52 week high of $98.82.

Scotts Miracle-Gro Company (The) (NYSE:SMG) last issued its quarterly earnings results on Tuesday, January 31st. The company reported ($0.96) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($1.25) by $0.29. The business had revenue of $246.80 million for the quarter, compared to the consensus estimate 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 quarterly revenue was up 26.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($1.14) earnings per share. On average, equities research analysts expect that Scotts Miracle-Gro Company will post $4.30 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, March 10th. Investors of record on Friday, February 24th will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis 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 is currently 37.24%.

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

In other Scotts Miracle-Gro Company (The) news, Chairman James Hagedorn sold 15,984 shares of the company’s stock in a transaction on 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 directly owns 9,079 shares in the company, valued at $866,318.18. The transaction was disclosed in a filing 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 company’s stock in a transaction on 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 $1,500,555,210. The disclosure for this sale can be found here. Corporate insiders own 28.16% of the company’s stock.

Scotts Miracle-Gro Company (The) Company Profile

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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