Swiss National Bank maintained its stake in Scotts Miracle-Gro Company (The) (NYSE:SMG) during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 74,700 shares of the basic materials company’s stock at the end of the 2nd quarter. Swiss National Bank owned 0.13% of Scotts Miracle-Gro Company (The) worth $6,683,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. FNY Managed Accounts LLC bought a new stake in Scotts Miracle-Gro Company (The) during the first quarter worth approximately $103,000. Glen Harbor Capital Management LLC boosted its position in Scotts Miracle-Gro Company (The) by 2.4% during the first quarter. Glen Harbor Capital Management LLC now owns 1,392 shares of the basic materials company’s stock worth $130,000 after purchasing an additional 32 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Scotts Miracle-Gro Company (The) by 7.5% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,664 shares of the basic materials company’s stock worth $149,000 after purchasing an additional 116 shares during the period. Delta Asset Management LLC TN boosted its position in Scotts Miracle-Gro Company (The) by 3.8% during the second quarter. Delta Asset Management LLC TN now owns 2,025 shares of the basic materials company’s stock worth $181,000 after purchasing an additional 75 shares during the period. Finally, Creative Planning boosted its position in Scotts Miracle-Gro Company (The) by 44.5% during the second quarter. Creative Planning now owns 2,097 shares of the basic materials company’s stock worth $188,000 after purchasing an additional 646 shares during the period. 69.04% of the stock is owned by hedge funds and other institutional investors.

TRADEMARK VIOLATION WARNING: “Swiss National Bank Continues to Hold Position in Scotts Miracle-Gro Company (The) (SMG)” was first posted by Daily Political and is owned by of Daily Political. If you are reading this piece on another domain, it was stolen and reposted in violation of U.S. and international trademark and copyright law. The original version of this piece can be read at https://www.dailypolitical.com/2017/09/17/swiss-national-bank-continues-to-hold-position-in-scotts-miracle-gro-company-the-smg.html.

SMG has been the subject of a number of research analyst reports. BidaskClub upgraded Scotts Miracle-Gro Company (The) from a “sell” rating to a “hold” rating in a report on Thursday, July 13th. Zacks Investment Research upgraded Scotts Miracle-Gro Company (The) from a “sell” rating to a “hold” rating in a report on Saturday, August 5th. Finally, KeyCorp reiterated a “hold” rating on shares of Scotts Miracle-Gro Company (The) in a report on Monday, August 28th. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $101.00.

In related news, major shareholder Hagedorn Partnership, L.P. sold 32,000 shares of the business’s stock in a transaction on Monday, August 28th. The stock was sold at an average price of $94.37, for a total transaction of $3,019,840.00. Following the sale, the insider now owns 15,759,274 shares in the company, valued at approximately $1,487,202,687.38. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Paul Hagedorn sold 16,000 shares of the business’s stock in a transaction on Friday, September 8th. The stock was sold at an average price of $94.30, for a total value of $1,508,800.00. The disclosure for this sale can be found here. Insiders have sold a total of 254,859 shares of company stock valued at $24,364,693 in the last three months. 28.16% of the stock is owned by insiders.

Scotts Miracle-Gro Company (SMG) opened at 95.37 on Friday. The firm has a market capitalization of $5.57 billion, a price-to-earnings ratio of 25.73 and a beta of 0.39. Scotts Miracle-Gro Company has a 1-year low of $79.65 and a 1-year high of $99.91. The firm’s 50-day moving average price is $95.12 and its 200 day moving average price is $92.06.

Scotts Miracle-Gro Company (The) (NYSE:SMG) last announced its quarterly earnings data on Tuesday, August 1st. The basic materials company reported $2.63 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.51 by $0.12. The firm had revenue of $1.08 billion during the quarter, compared to analysts’ expectations 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 company’s quarterly revenue was up 8.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.16 EPS. On average, analysts predict that Scotts Miracle-Gro Company will post $4.09 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, September 8th. Stockholders of record on Friday, August 25th were issued a dividend of $0.53 per share. The ex-dividend date was Wednesday, August 23rd. This represents a $2.12 dividend on an annualized basis and a dividend yield of 2.22%. This is a boost from Scotts Miracle-Gro Company (The)’s previous quarterly dividend of $0.50. Scotts Miracle-Gro Company (The)’s payout ratio is 55.64%.

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.

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

Receive News & Ratings for Scotts Miracle-Gro Company (The) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Scotts Miracle-Gro Company (The) and related companies with MarketBeat.com's FREE daily email newsletter.