Scotts Miracle-Gro Co (SMG) Shares Bought by First Republic Investment Management Inc.
First Republic Investment Management Inc. raised its holdings in shares of Scotts Miracle-Gro Co (NYSE:SMG) by 31.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 11,913 shares of the basic materials company’s stock after buying an additional 2,847 shares during the quarter. First Republic Investment Management Inc.’s holdings in Scotts Miracle-Gro were worth $1,275,000 as of its most recent SEC filing.
Several other hedge funds have also modified their holdings of the company. Alpha Cubed Investments LLC lifted its holdings in shares of Scotts Miracle-Gro by 13.5% during the fourth quarter. Alpha Cubed Investments LLC now owns 26,954 shares of the basic materials company’s stock worth $2,884,000 after buying an additional 3,204 shares during the last quarter. American International Group Inc. increased its position in shares of Scotts Miracle-Gro by 1.3% during the fourth quarter. American International Group Inc. now owns 84,775 shares of the basic materials company’s stock valued at $9,070,000 after purchasing an additional 1,127 shares during the period. BlackRock Inc. increased its position in shares of Scotts Miracle-Gro by 0.9% during the fourth quarter. BlackRock Inc. now owns 3,546,354 shares of the basic materials company’s stock valued at $379,424,000 after purchasing an additional 30,264 shares during the period. Arizona State Retirement System increased its position in shares of Scotts Miracle-Gro by 27.1% during the fourth quarter. Arizona State Retirement System now owns 29,431 shares of the basic materials company’s stock valued at $3,149,000 after purchasing an additional 6,280 shares during the period. Finally, Eagle Asset Management Inc. increased its position in shares of Scotts Miracle-Gro by 8.6% during the fourth quarter. Eagle Asset Management Inc. now owns 374,336 shares of the basic materials company’s stock valued at $40,157,000 after purchasing an additional 29,727 shares during the period. Institutional investors own 64.87% of the company’s stock.
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 value of $258,834.00. Following the sale, the director now directly owns 9,043 shares in the company, valued at $809,348.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 29.14% of the company’s stock.
Shares of Scotts Miracle-Gro Co (SMG) opened at $90.74 on Friday. The stock has a market capitalization of $5,128.89, a P/E ratio of 21.00, a PEG ratio of 1.73 and a beta of 0.21. The company has a current ratio of 2.09, a quick ratio of 0.61 and a debt-to-equity ratio of 3.34. Scotts Miracle-Gro Co has a 1 year low of $81.48 and a 1 year high of $110.12.
Scotts Miracle-Gro (NYSE:SMG) last announced its quarterly earnings results on Tuesday, January 30th. The basic materials company reported ($1.08) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.92) by ($0.16). Scotts Miracle-Gro had a net margin of 9.11% and a return on equity of 38.33%. The company had revenue of $221.50 million during the quarter, compared to the consensus estimate of $237.21 million. During the same quarter last year, the company earned ($0.96) earnings per share. The business’s revenue was down 10.3% on a year-over-year basis. 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. Shareholders of record on Friday, February 23rd will be given a $0.53 dividend. This represents a $2.12 dividend on an annualized basis and a yield of 2.34%. The ex-dividend date of this dividend is Thursday, February 22nd. Scotts Miracle-Gro’s dividend payout ratio (DPR) is 49.07%.
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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