BidaskClub upgraded shares of Scotts Miracle-Gro Company (The) (NYSE:SMG) from a sell rating to a hold rating in a research report sent to investors on Wednesday.

Separately, Zacks Investment Research downgraded Scotts Miracle-Gro Company (The) from a hold rating to a sell rating in a research note on Wednesday, May 3rd. Three analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company has a consensus rating of Buy and an average target price of $101.00.

Shares of Scotts Miracle-Gro Company (NYSE SMG) traded up 1.32% during midday trading on Wednesday, hitting $96.94. The stock had a trading volume of 293,080 shares. The stock has a market capitalization of $5.77 billion, a price-to-earnings ratio of 25.11 and a beta of 0.40. The stock has a 50 day moving average price of $91.45 and a 200-day moving average price of $91.50. Scotts Miracle-Gro Company has a 52 week low of $74.54 and a 52 week high of $99.91.

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

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

In related news, CFO Thomas Randal Coleman sold 5,112 shares of the firm’s stock in a transaction on Tuesday, May 16th. The stock was sold at an average price of $87.56, for a total transaction of $447,606.72. Following the sale, the chief financial officer now owns 14,090 shares of the company’s stock, valued at approximately $1,233,720.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Ivan C. Smith sold 3,787 shares of the firm’s stock in a transaction on Tuesday, May 16th. The stock was sold at an average price of $87.84, for a total value of $332,650.08. Following the sale, the executive vice president now directly owns 18,849 shares in the company, valued at approximately $1,655,696.16. The disclosure for this sale can be found here. Insiders have sold a total of 50,038 shares of company stock worth $4,587,090 in the last ninety days. 28.16% of the stock is currently owned by company insiders.

A number of hedge funds have recently modified their holdings of the company. Profund Advisors LLC increased its stake in shares of Scotts Miracle-Gro Company (The) by 1.8% in the first quarter. Profund Advisors LLC now owns 9,353 shares of the basic materials company’s stock valued at $873,000 after buying an additional 164 shares during the last quarter. IFC Holdings Incorporated FL increased its stake in shares of Scotts Miracle-Gro Company (The) by 1.9% in the first quarter. IFC Holdings Incorporated FL now owns 2,406 shares of the basic materials company’s stock valued at $223,000 after buying an additional 44 shares during the last quarter. Personal Capital Advisors Corp increased its stake in shares of Scotts Miracle-Gro Company (The) by 8.7% in the first quarter. Personal Capital Advisors Corp now owns 317,350 shares of the basic materials company’s stock valued at $29,628,000 after buying an additional 25,425 shares during the last quarter. Nationwide Fund Advisors increased its stake in shares of Scotts Miracle-Gro Company (The) by 8.2% in the first quarter. Nationwide Fund Advisors now owns 142,291 shares of the basic materials company’s stock valued at $13,289,000 after buying an additional 10,761 shares during the last quarter. Finally, Oakbrook Investments LLC increased its stake in shares of Scotts Miracle-Gro Company (The) by 62.5% in the first quarter. Oakbrook Investments LLC now owns 3,900 shares of the basic materials company’s stock valued at $364,000 after buying an additional 1,500 shares during the last quarter. 68.02% of the stock is currently owned by institutional investors and hedge funds.

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.

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