Scotts Miracle-Gro Company (The) (NYSE:SMG) has been assigned an average recommendation of “Hold” from the six research firms that are currently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and one has issued a buy recommendation on the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $101.33.

SMG has been the subject of several research reports. Bank of America Corporation lifted their price objective on Scotts Miracle-Gro Company (The) from $107.00 to $110.00 and gave the stock a “buy” rating in a research report on Wednesday, November 8th. SunTrust Banks, Inc. reaffirmed a “hold” rating and issued a $95.00 target price on shares of Scotts Miracle-Gro Company (The) in a research note on Friday, November 10th. KeyCorp reaffirmed a “hold” rating on shares of Scotts Miracle-Gro Company (The) in a research note on Monday, August 28th. Zacks Investment Research raised shares of Scotts Miracle-Gro Company (The) from a “sell” rating to a “hold” rating in a research note on Saturday, August 5th. Finally, BidaskClub raised shares of Scotts Miracle-Gro Company (The) from a “sell” rating to a “hold” rating in a research note on Wednesday, August 2nd.

In related news, CFO Thomas Randal Coleman sold 1,226 shares of the company’s stock in a transaction on Thursday, October 5th. The shares were sold at an average price of $99.67, for a total transaction of $122,195.42. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Hagedorn Partnership, L.P. sold 32,000 shares of the company’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 directly owns 15,759,274 shares of the company’s stock, valued at $1,487,202,687.38. The disclosure for this sale can be found here. Insiders have sold a total of 70,226 shares of company stock valued at $6,661,305 over the last three months. Corporate insiders own 28.16% of the company’s stock.

A number of institutional investors have recently made changes to their positions in SMG. TimesSquare Capital Management LLC purchased a new stake in Scotts Miracle-Gro Company (The) during the 2nd quarter worth $61,566,000. FIL Ltd boosted its position in Scotts Miracle-Gro Company (The) by 39.2% during the 2nd quarter. FIL Ltd now owns 664,781 shares of the basic materials company’s stock worth $59,472,000 after purchasing an additional 187,264 shares during the period. Kayne Anderson Rudnick Investment Management LLC boosted its position in Scotts Miracle-Gro Company (The) by 17.7% during the 3rd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,046,557 shares of the basic materials company’s stock worth $101,873,000 after purchasing an additional 157,174 shares during the period. Janus Henderson Group PLC purchased a new stake in Scotts Miracle-Gro Company (The) during the 2nd quarter worth $13,178,000. Finally, Eagle Asset Management Inc. boosted its position in Scotts Miracle-Gro Company (The) by 44.5% during the 2nd quarter. Eagle Asset Management Inc. now owns 327,304 shares of the basic materials company’s stock worth $29,280,000 after purchasing an additional 100,743 shares during the period. 68.34% of the stock is owned by hedge funds and other institutional investors.

Shares of Scotts Miracle-Gro Company (NYSE:SMG) traded up $1.24 during trading on Monday, hitting $97.96. The company had a trading volume of 388,542 shares, compared to its average volume of 425,678. The company has a debt-to-equity ratio of 1.90, a current ratio of 1.62 and a quick ratio of 0.87. Scotts Miracle-Gro Company has a 1 year low of $81.48 and a 1 year high of $102.50. The firm has a market cap of $5,720.00, a P/E ratio of 23.42, a P/E/G ratio of 2.32 and a beta of 0.37.

Scotts Miracle-Gro Company (The) (NYSE:SMG) last issued its quarterly earnings data on Tuesday, November 7th. The basic materials company reported ($0.26) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.30) by $0.04. Scotts Miracle-Gro Company (The) had a return on equity of 37.81% and a net margin of 7.51%. The firm had revenue of $376.70 million during the quarter, compared to the consensus estimate of $368.50 million. During the same period in the previous year, the firm posted ($0.30) EPS. The company’s quarterly revenue was up 8.0% compared to the same quarter last year. equities research analysts expect that Scotts Miracle-Gro Company will post 4.3 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 8th. Stockholders of record on Friday, November 24th will be paid a dividend of $0.53 per share. The ex-dividend date of this dividend is Wednesday, November 22nd. This represents a $2.12 annualized dividend and a dividend yield of 2.16%. Scotts Miracle-Gro Company (The)’s dividend payout ratio is presently 61.27%.

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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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