Nationwide Fund Advisors grew its position in Scotts Miracle-Gro Company (The) (NYSE:SMG) by 3.8% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 147,654 shares of the basic materials company’s stock after buying an additional 5,363 shares during the period. Nationwide Fund Advisors owned 0.25% of Scotts Miracle-Gro Company (The) worth $13,209,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. FNY Managed Accounts LLC acquired a new stake in shares of Scotts Miracle-Gro Company (The) in the 1st quarter valued at $103,000. Almanack Investment Partners LLC. acquired a new stake in shares of Scotts Miracle-Gro Company (The) in the 2nd quarter valued at $132,000. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Scotts Miracle-Gro Company (The) by 7.5% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,664 shares of the basic materials company’s stock valued at $149,000 after buying an additional 116 shares during the period. Delta Asset Management LLC TN increased its stake in shares of Scotts Miracle-Gro Company (The) by 3.8% in the 2nd quarter. Delta Asset Management LLC TN now owns 2,025 shares of the basic materials company’s stock valued at $181,000 after buying an additional 75 shares during the period. Finally, Creative Planning increased its stake in shares of Scotts Miracle-Gro Company (The) by 44.5% in the 2nd quarter. Creative Planning now owns 2,097 shares of the basic materials company’s stock valued at $188,000 after buying an additional 646 shares during the period. 69.02% of the stock is owned by institutional investors.

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Several equities research analysts have recently commented on SMG shares. BidaskClub raised Scotts Miracle-Gro Company (The) from a “sell” rating to a “hold” rating in a research note on Thursday, July 13th. KeyCorp reissued a “hold” rating on shares of Scotts Miracle-Gro Company (The) in a research note on Monday, August 28th. Finally, Zacks Investment Research raised Scotts Miracle-Gro Company (The) from a “sell” rating to a “hold” rating in a research note on Saturday, August 5th. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $101.00.

Scotts Miracle-Gro Company (NYSE:SMG) opened at 96.63 on Friday. The company has a market capitalization of $5.64 billion, a price-to-earnings ratio of 26.07 and a beta of 0.39. Scotts Miracle-Gro Company has a 52-week low of $80.68 and a 52-week high of $99.91. The stock has a 50 day moving average price of $95.14 and a 200 day moving average price of $92.14.

Scotts Miracle-Gro Company (The) (NYSE:SMG) last announced its quarterly earnings results on Tuesday, August 1st. The basic materials company reported $2.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.51 by $0.12. The company had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.06 billion. Scotts Miracle-Gro Company (The) had a net margin of 7.85% and a return on equity of 36.28%. The company’s revenue for the quarter was up 8.5% compared to the same quarter last year. During the same period in the prior year, the business earned $2.16 earnings per share. Analysts anticipate that Scotts Miracle-Gro Company will post $4.09 EPS for the current fiscal year.

The business 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 is an increase 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 2.19%. Scotts Miracle-Gro Company (The)’s dividend payout ratio is 55.64%.

In related news, major shareholder Hagedorn Partnership, L.P. sold 32,000 shares of the stock in a transaction on Monday, August 28th. The stock was sold at an average price of $94.37, for a total value of $3,019,840.00. Following the completion of the sale, the insider now directly owns 15,759,274 shares in the company, valued at $1,487,202,687.38. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Denise Stump sold 22,615 shares of the stock in a transaction on Monday, July 24th. The shares were sold at an average price of $95.05, for a total value of $2,149,555.75. Following the completion of the sale, the executive vice president now owns 19,444 shares of the company’s stock, valued at $1,848,152.20. The disclosure for this sale can be found here. Insiders have sold 254,859 shares of company stock valued at $24,364,693 over the last quarter. 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.

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

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