Capstone Asset Management Co. increased its stake in Scotts Miracle-Gro Company (The) (NYSE:SMG) by 0.2% during the second quarter, Holdings Channel reports. The fund owned 4,789 shares of the basic materials company’s stock after buying an additional 10 shares during the period. Capstone Asset Management Co.’s holdings in Scotts Miracle-Gro Company (The) were worth $428,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Vanguard Group Inc. raised its stake in shares of Scotts Miracle-Gro Company (The) by 4.3% in the first quarter. Vanguard Group Inc. now owns 3,842,715 shares of the basic materials company’s stock valued at $358,871,000 after buying an additional 159,996 shares during the last quarter. BlackRock Inc. raised its stake in shares of Scotts Miracle-Gro Company (The) by 4,283.1% in the first quarter. BlackRock Inc. now owns 3,698,839 shares of the basic materials company’s stock valued at $345,434,000 after buying an additional 3,614,451 shares during the last quarter. State Street Corp raised its stake in shares of Scotts Miracle-Gro Company (The) by 1.2% in the first quarter. State Street Corp now owns 1,166,072 shares of the basic materials company’s stock valued at $108,897,000 after buying an additional 13,422 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC raised its stake in shares of Scotts Miracle-Gro Company (The) by 43.0% in the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 829,075 shares of the basic materials company’s stock valued at $77,427,000 after buying an additional 249,101 shares during the last quarter. Finally, Neuberger Berman Group LLC raised its stake in shares of Scotts Miracle-Gro Company (The) by 32.1% in the first quarter. Neuberger Berman Group LLC now owns 679,680 shares of the basic materials company’s stock valued at $63,475,000 after buying an additional 165,176 shares during the last quarter. Institutional investors own 68.02% of the company’s stock.

Scotts Miracle-Gro Company (NYSE:SMG) traded up 1.32% on Friday, hitting $96.94. The stock had a trading volume of 293,080 shares. The company has a market cap of $5.74 billion, a PE ratio of 26.16 and a beta of 0.40. Scotts Miracle-Gro Company has a one year low of $74.54 and a one year high of $99.91. The stock has a 50-day moving average of $91.45 and a 200-day moving average of $91.50.

Scotts Miracle-Gro Company (The) (NYSE:SMG) last released its quarterly earnings results on Tuesday, August 1st. The basic materials company reported $2.63 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.51 by $0.12. Scotts Miracle-Gro Company (The) had a return on equity of 36.28% and a net margin of 7.85%. The company had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $1.06 billion. During the same quarter in the prior year, the business posted $2.16 earnings per share. The company’s revenue for the quarter was up 8.5% compared to the same quarter last year. Equities analysts expect that Scotts Miracle-Gro Company will post $4.15 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 8th. Stockholders of record on Friday, August 25th will be paid a $0.53 dividend. This is a boost from Scotts Miracle-Gro Company (The)’s previous quarterly dividend of $0.50. The ex-dividend date is Wednesday, August 23rd. This represents a $2.12 annualized dividend and a dividend yield of 2.19%. Scotts Miracle-Gro Company (The)’s dividend payout ratio is presently 52.49%.

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Several equities research analysts have commented on SMG shares. BidaskClub upgraded shares of Scotts Miracle-Gro Company (The) from a “sell” rating to a “hold” rating in a research report on Wednesday. Zacks Investment Research lowered shares of Scotts Miracle-Gro Company (The) from a “hold” rating to a “sell” rating in a research report on Wednesday, May 3rd. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $101.00.

In related news, EVP Denise Stump sold 22,615 shares of the firm’s stock in a transaction dated Monday, July 24th. The stock was sold at an average price of $95.05, for a total transaction of $2,149,555.75. Following the completion of the transaction, the executive vice president now owns 19,444 shares of the company’s stock, valued at $1,848,152.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Hagedorn Partnership, L.P. sold 4,259 shares of the firm’s stock in a transaction dated Tuesday, May 9th. The shares were sold at an average price of $89.46, for a total value of $381,010.14. Following the transaction, the insider now directly owns 15,771,259 shares of the company’s stock, valued at approximately $1,410,896,830.14. The disclosure for this sale can be found here. In the last three months, insiders sold 50,038 shares of company stock valued at $4,587,090. Company insiders own 28.16% 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.

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

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