Scotts Miracle-Gro Co (NYSE:SMG) CFO Thomas Randal Coleman sold 4,265 shares of Scotts Miracle-Gro stock in a transaction that occurred on Wednesday, May 10th. The shares were sold at an average price of $89.84, for a total value of $383,167.60. Following the sale, the chief financial officer now directly owns 19,202 shares in the company, valued at $1,725,107.68. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.
Scotts Miracle-Gro Co (NYSE:SMG) traded down 0.0572% during trading on Friday, hitting $87.2001. 295,298 shares of the stock traded hands. The firm has a market cap of $5.21 billion, a PE ratio of 18.6924 and a beta of 0.64. The firm has a 50-day moving average price of $93.46 and a 200 day moving average price of $92.34. Scotts Miracle-Gro Co has a 12 month low of $65.80 and a 12 month high of $98.82.
Scotts Miracle-Gro (NYSE:SMG) last released its quarterly earnings data on Tuesday, May 2nd. The basic materials company reported $2.78 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $2.93 by $0.15. Scotts Miracle-Gro had a net margin of 11.64% and a return on equity of 34.31%. The business had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.28 billion. During the same quarter in the prior year, the business posted $3.15 earnings per share. Scotts Miracle-Gro’s revenue for the quarter was down 3.3% on a year-over-year basis. On average, equities analysts forecast that Scotts Miracle-Gro Co will post $4.19 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 9th. Stockholders of record on Friday, May 26th will be paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Wednesday, May 24th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.29%. Scotts Miracle-Gro’s dividend payout ratio is presently 37.24%.
Separately, Zacks Investment Research cut Scotts Miracle-Gro from a “hold” rating to a “sell” rating in a research report on Wednesday, May 3rd. One analyst has rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $97.00.
Institutional investors have recently added to or reduced their stakes in the stock. Ropes Wealth Advisors LLC purchased a new stake in shares of Scotts Miracle-Gro during the first quarter valued at $121,000. Glen Harbor Capital Management LLC increased its stake in shares of Scotts Miracle-Gro by 2.4% in the first quarter. Glen Harbor Capital Management LLC now owns 1,392 shares of the basic materials company’s stock valued at $130,000 after buying an additional 32 shares during the period. Creative Planning increased its stake in shares of Scotts Miracle-Gro by 4.3% in the first quarter. Creative Planning now owns 1,451 shares of the basic materials company’s stock valued at $135,000 after buying an additional 60 shares during the period. Acrospire Investment Management LLC purchased a new stake in shares of Scotts Miracle-Gro during the first quarter valued at $149,000. Finally, CENTRAL TRUST Co increased its stake in shares of Scotts Miracle-Gro by 10.1% in the first quarter. CENTRAL TRUST Co now owns 1,640 shares of the basic materials company’s stock valued at $153,000 after buying an additional 150 shares during the period. Hedge funds and other institutional investors own 66.15% of the company’s stock.
Scotts Miracle-Gro 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.