Nicollet Investment Management Inc. bought a new stake in Scotts Miracle-Gro Co (NYSE:SMG) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 6,955 shares of the basic materials company’s stock, valued at approximately $744,000.

Several other institutional investors have also recently bought and sold shares of SMG. Steward Partners Investment Advisory LLC grew its position in shares of Scotts Miracle-Gro by 2,291.7% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,148 shares of the basic materials company’s stock valued at $122,000 after purchasing an additional 1,100 shares during the last quarter. SeaCrest Wealth Management LLC acquired a new position in shares of Scotts Miracle-Gro in the fourth quarter valued at approximately $172,000. Charter Trust Co. acquired a new position in shares of Scotts Miracle-Gro in the fourth quarter valued at approximately $203,000. Narwhal Capital Management acquired a new position in shares of Scotts Miracle-Gro in the fourth quarter valued at approximately $214,000. Finally, First Allied Advisory Services Inc. acquired a new position in shares of Scotts Miracle-Gro in the third quarter valued at approximately $226,000. 69.18% of the stock is currently owned by institutional investors.

Shares of Scotts Miracle-Gro Co (SMG) opened at $89.17 on Thursday. The company has a debt-to-equity ratio of 3.34, a current ratio of 2.09 and a quick ratio of 0.61. The stock has a market capitalization of $5,120.45, a P/E ratio of 20.64, a P/E/G ratio of 1.93 and a beta of 0.20. Scotts Miracle-Gro Co has a 12 month low of $81.48 and a 12 month high of $110.12.

Scotts Miracle-Gro (NYSE:SMG) last issued its quarterly earnings results on Tuesday, January 30th. The basic materials company reported ($1.08) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.92) by ($0.16). The company had revenue of $221.50 million during the quarter, compared to the consensus estimate of $237.21 million. Scotts Miracle-Gro had a net margin of 9.11% and a return on equity of 38.33%. The company’s quarterly revenue was down 10.3% on a year-over-year basis. During the same quarter last year, the firm posted ($0.96) earnings per share. research analysts predict that Scotts Miracle-Gro Co will post 4.7 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, March 9th. Investors of record on Friday, February 23rd will be paid a $0.53 dividend. This represents a $2.12 annualized dividend and a dividend yield of 2.38%. The ex-dividend date is Thursday, February 22nd. Scotts Miracle-Gro’s dividend payout ratio (DPR) is currently 49.07%.

In other Scotts Miracle-Gro news, Director Katherine Littlefield Hagedorn sold 2,892 shares of the company’s stock in a transaction on Monday, February 5th. The stock was sold at an average price of $89.50, for a total transaction of $258,834.00. Following the completion of the sale, the director now directly owns 9,043 shares in the company, valued at $809,348.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Ivan C. Smith sold 6,587 shares of the company’s stock in a transaction on Friday, November 17th. The stock was sold at an average price of $97.74, for a total value of $643,813.38. The disclosure for this sale can be found here. Insiders own 29.14% of the company’s stock.

Several research firms have recently commented on SMG. Zacks Investment Research raised Scotts Miracle-Gro from a “hold” rating to a “buy” rating and set a $103.00 target price on the stock in a research report on Thursday, February 1st. Bank of America set a $120.00 target price on Scotts Miracle-Gro and gave the company a “buy” rating in a research report on Tuesday, January 30th. KeyCorp reaffirmed a “hold” rating on shares of Scotts Miracle-Gro in a research report on Saturday, November 25th. SunTrust Banks reaffirmed a “hold” rating and issued a $95.00 target price on shares of Scotts Miracle-Gro in a research report on Friday, November 10th. Finally, JPMorgan Chase & Co. downgraded Scotts Miracle-Gro from an “overweight” rating to a “neutral” rating and set a $99.00 target price on the stock. in a research report on Wednesday, November 8th. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Scotts Miracle-Gro has an average rating of “Hold” and an average price target of $104.25.

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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.

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

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