Scotts Miracle-Gro Co. (SMG) CFO Thomas Randal Coleman Sells 789 Shares of Stock
Scotts Miracle-Gro Co. (NYSE:SMG) CFO Thomas Randal Coleman sold 789 shares of the stock in a transaction dated Thursday, October 6th. The stock was sold at an average price of $82.65, for a total transaction of $65,210.85. Following the transaction, the chief financial officer now directly owns 5,112 shares in the company, valued at approximately $422,506.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.
Thomas Randal Coleman also recently made the following trade(s):
- On Tuesday, August 16th, Thomas Randal Coleman sold 4,927 shares of Scotts Miracle-Gro stock. The stock was sold at an average price of $82.51, for a total transaction of $406,526.77.
Shares of Scotts Miracle-Gro Co. (NYSE:SMG) opened at 83.48 on Friday. The company has a market cap of $5.06 billion, a PE ratio of 16.32 and a beta of 0.70. Scotts Miracle-Gro Co. has a 12-month low of $62.20 and a 12-month high of $84.16. The stock’s 50 day moving average price is $81.94 and its 200-day moving average price is $74.44.
Scotts Miracle-Gro (NYSE:SMG) last posted its quarterly earnings data on Wednesday, August 3rd. The company reported $2.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.12 by $0.04. Scotts Miracle-Gro had a net margin of 10.72% and a return on equity of 36.35%. The company had revenue of $994.10 million for the quarter, compared to the consensus estimate of $1.05 billion. During the same quarter in the previous year, the firm posted $2.68 EPS. The business’s revenue was down 10.5% compared to the same quarter last year. On average, equities research analysts forecast that Scotts Miracle-Gro Co. will post $3.79 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 9th. Stockholders of record on Friday, August 26th were issued a dividend of $0.50 per share. This is an increase from Scotts Miracle-Gro’s previous quarterly dividend of $0.47. The ex-dividend date was Wednesday, August 24th. This represents a $2.00 annualized dividend and a dividend yield of 2.40%. Scotts Miracle-Gro’s payout ratio is presently 39.06%.
SMG has been the topic of a number of recent research reports. Zacks Investment Research raised shares of Scotts Miracle-Gro from a “sell” rating to a “hold” rating in a report on Saturday, August 6th. JPMorgan Chase & Co. raised shares of Scotts Miracle-Gro from a “neutral” rating to an “overweight” rating and raised their target price for the stock from $70.00 to $85.00 in a report on Thursday, August 4th. Finally, Tigress Financial reissued a “buy” rating on shares of Scotts Miracle-Gro in a report on Monday, August 29th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Scotts Miracle-Gro has a consensus rating of “Buy” and an average target price of $83.33.
Several hedge funds and other institutional investors have recently bought and sold shares of SMG. Glenmede Trust Co. NA increased its position in Scotts Miracle-Gro by 41.4% in the second quarter. Glenmede Trust Co. NA now owns 1,553 shares of the company’s stock valued at $107,000 after buying an additional 455 shares during the last quarter. Meeder Asset Management Inc. bought a new position in Scotts Miracle-Gro during the first quarter valued at about $132,000. Tower Research Capital LLC TRC increased its position in Scotts Miracle-Gro by 100.6% in the second quarter. Tower Research Capital LLC TRC now owns 1,936 shares of the company’s stock valued at $135,000 after buying an additional 971 shares during the last quarter. Advisor Group Inc. bought a new position in Scotts Miracle-Gro during the second quarter valued at about $153,000. Finally, LS Investment Advisors LLC increased its position in Scotts Miracle-Gro by 71.7% in the second quarter. LS Investment Advisors LLC now owns 2,726 shares of the company’s stock valued at $191,000 after buying an additional 1,138 shares during the last quarter. Institutional investors own 69.91% of the company’s stock.
About Scotts Miracle-Gro
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.
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