Ridgewood Investments LLC reduced its position in shares of Scotts Miracle-Gro Company (The) (NYSE:SMG) by 0.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,413 shares of the basic materials company’s stock after selling 1 shares during the period. Ridgewood Investments LLC’s holdings in Scotts Miracle-Gro Company (The) were worth $484,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Advisors Asset Management Inc. increased its position in Scotts Miracle-Gro Company (The) by 16.7% in the second quarter. Advisors Asset Management Inc. now owns 21,703 shares of the basic materials company’s stock worth $1,942,000 after buying an additional 3,108 shares in the last quarter. Teacher Retirement System of Texas increased its position in shares of Scotts Miracle-Gro Company (The) by 1.6% in the second quarter. Teacher Retirement System of Texas now owns 3,590 shares of the basic materials company’s stock valued at $321,000 after buying an additional 57 shares in the last quarter. Arizona State Retirement System increased its position in shares of Scotts Miracle-Gro Company (The) by 1.1% in the second quarter. Arizona State Retirement System now owns 18,600 shares of the basic materials company’s stock valued at $1,664,000 after buying an additional 200 shares in the last quarter. Schwab Charles Investment Management Inc. increased its position in shares of Scotts Miracle-Gro Company (The) by 3.8% in the second quarter. Schwab Charles Investment Management Inc. now owns 264,139 shares of the basic materials company’s stock valued at $23,630,000 after buying an additional 9,567 shares in the last quarter. Finally, Global X Management Co. LLC increased its position in shares of Scotts Miracle-Gro Company (The) by 13.1% in the second quarter. Global X Management Co. LLC now owns 7,852 shares of the basic materials company’s stock valued at $702,000 after buying an additional 911 shares in the last quarter. Hedge funds and other institutional investors own 68.04% of the company’s stock.

Scotts Miracle-Gro Company (NYSE:SMG) opened at 95.38 on Friday. Scotts Miracle-Gro Company has a 52 week low of $78.73 and a 52 week high of $99.91. The stock’s 50 day moving average price is $93.16 and its 200 day moving average price is $91.67. The company has a market capitalization of $5.65 billion, a P/E ratio of 25.74 and a beta of 0.40.

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

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 8th. Stockholders of record on Friday, August 25th will be issued a $0.53 dividend. The ex-dividend date is Wednesday, August 23rd. This is a positive change from Scotts Miracle-Gro Company (The)’s previous quarterly dividend of $0.50. This represents a $2.12 annualized dividend and a dividend yield of 2.22%. Scotts Miracle-Gro Company (The)’s dividend payout ratio is currently 52.49%.

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Several research analysts have recently commented on the company. Zacks Investment Research upgraded Scotts Miracle-Gro Company (The) from a “sell” rating to a “hold” rating in a research note on Saturday, August 5th. BidaskClub upgraded Scotts Miracle-Gro Company (The) from a “sell” rating to a “hold” rating in a research note on Thursday, July 13th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Scotts Miracle-Gro Company (The) has an average rating of “Buy” and an average price target of $101.00.

In other Scotts Miracle-Gro Company (The) news, EVP Denise Stump sold 22,615 shares of the stock in a transaction on 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 directly owns 19,444 shares of the company’s stock, valued at $1,848,152.20. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Michael C. Lukemire sold 18,000 shares of the stock in a transaction on Tuesday, August 8th. The shares were sold at an average price of $96.14, for a total value of $1,730,520.00. Following the transaction, the insider now directly owns 23,969 shares of the company’s stock, valued at $2,304,379.66. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 63,487 shares of company stock valued at $6,003,697. 28.16% of the stock is currently owned by corporate insiders.

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

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