First Republic Investment Management Inc. reduced its stake in shares of Scotts Miracle-Gro Co (NYSE:SMG) by 20.8% in the third quarter, according to its most recent filing with the SEC. The fund owned 9,066 shares of the basic materials company’s stock after selling 2,380 shares during the period. First Republic Investment Management Inc.’s holdings in Scotts Miracle-Gro were worth $882,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Magnetar Financial LLC bought a new stake in shares of Scotts Miracle-Gro during the 3rd quarter worth $2,218,000. Engineers Gate Manager LP bought a new stake in Scotts Miracle-Gro in the third quarter worth $3,663,000. National Asset Management Inc. lifted its stake in Scotts Miracle-Gro by 77.0% in the third quarter. National Asset Management Inc. now owns 6,155 shares of the basic materials company’s stock worth $600,000 after purchasing an additional 2,677 shares during the last quarter. Stifel Financial Corp lifted its stake in Scotts Miracle-Gro by 16.0% in the third quarter. Stifel Financial Corp now owns 38,950 shares of the basic materials company’s stock worth $3,793,000 after purchasing an additional 5,375 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in Scotts Miracle-Gro by 5.3% in the third quarter. Dimensional Fund Advisors LP now owns 486,538 shares of the basic materials company’s stock worth $47,360,000 after purchasing an additional 24,662 shares during the last quarter. 69.11% of the stock is owned by institutional investors.

Several analysts have weighed in on SMG shares. J P Morgan Chase & Co downgraded shares of Scotts Miracle-Gro from an “overweight” rating to a “neutral” rating and set a $99.00 price target for the company. in a research note on Wednesday, November 8th. SunTrust Banks reissued a “hold” rating and issued a $95.00 price target on shares of Scotts Miracle-Gro in a research note on Friday, November 10th. Bank of America boosted their price target on shares of Scotts Miracle-Gro from $107.00 to $110.00 and gave the stock a “buy” rating in a research note on Wednesday, November 8th. KeyCorp reissued a “hold” rating on shares of Scotts Miracle-Gro in a research note on Saturday, November 25th. Finally, Zacks Investment Research downgraded shares of Scotts Miracle-Gro from a “hold” rating to a “sell” rating in a research note on Wednesday, October 4th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $101.33.

Scotts Miracle-Gro Co (NYSE:SMG) traded down $0.39 during trading on Friday, reaching $102.07. 446,600 shares of the company’s stock traded hands, compared to its average volume of 419,816. The company has a debt-to-equity ratio of 1.90, a current ratio of 1.62 and a quick ratio of 0.87. The company has a market capitalization of $5,894.54, a P/E ratio of 24.45, a PEG ratio of 2.42 and a beta of 0.36. Scotts Miracle-Gro Co has a 1-year low of $81.48 and a 1-year high of $103.36.

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

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 8th. Stockholders of record on Friday, November 24th were paid a dividend of $0.53 per share. This represents a $2.12 annualized dividend and a dividend yield of 2.08%. The ex-dividend date was Wednesday, November 22nd. Scotts Miracle-Gro’s dividend payout ratio (DPR) is 58.89%.

In other news, CFO Thomas Randal Coleman sold 1,226 shares of the company’s stock in a transaction dated 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 filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Nancy G. Mistretta sold 5,000 shares of the company’s stock in a transaction dated Friday, October 13th. The shares were sold at an average price of $100.11, for a total transaction of $500,550.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 12,813 shares of company stock valued at $1,266,559. Insiders own 28.16% of the company’s stock.

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Scotts Miracle-Gro 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.

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

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