World Asset Management Inc acquired a new stake in shares of Scotts Miracle-Gro Co (NYSE:SMG) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 1,626 shares of the basic materials company’s stock, valued at approximately $219,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of SMG. Guggenheim Capital LLC raised its stake in shares of Scotts Miracle-Gro by 140.6% during the fourth quarter. Guggenheim Capital LLC now owns 9,711 shares of the basic materials company’s stock valued at $1,031,000 after purchasing an additional 5,675 shares during the period. AQR Capital Management LLC raised its stake in shares of Scotts Miracle-Gro by 397.1% during the fourth quarter. AQR Capital Management LLC now owns 30,231 shares of the basic materials company’s stock valued at $3,210,000 after purchasing an additional 24,150 shares during the period. Ladenburg Thalmann Financial Services Inc. raised its stake in shares of Scotts Miracle-Gro by 1.6% during the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 12,797 shares of the basic materials company’s stock valued at $1,326,000 after purchasing an additional 206 shares during the period. Alliancebernstein L.P. raised its stake in shares of Scotts Miracle-Gro by 0.6% during the fourth quarter. Alliancebernstein L.P. now owns 65,929 shares of the basic materials company’s stock valued at $7,000,000 after purchasing an additional 400 shares during the period. Finally, Geode Capital Management LLC raised its stake in shares of Scotts Miracle-Gro by 4.8% during the fourth quarter. Geode Capital Management LLC now owns 425,298 shares of the basic materials company’s stock valued at $45,158,000 after purchasing an additional 19,329 shares during the period. Institutional investors own 63.07% of the company’s stock.

In other news, EVP Ivan C. Smith sold 2,972 shares of the business’s stock in a transaction on Wednesday, July 29th. The shares were sold at an average price of $164.40, for a total transaction of $488,596.80. Following the completion of the transaction, the executive vice president now owns 10,674 shares of the company’s stock, valued at $1,754,805.60. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, major shareholder Hagedorn Partnership, L.P. sold 101,171 shares of the business’s stock in a transaction on Monday, June 15th. The shares were sold at an average price of $131.08, for a total transaction of $13,261,494.68. Following the transaction, the insider now directly owns 15,020,316 shares of the company’s stock, valued at approximately $1,968,863,021.28. The disclosure for this sale can be found here. In the last ninety days, insiders sold 250,442 shares of company stock valued at $33,190,830. 28.20% of the stock is currently owned by corporate insiders.

A number of brokerages recently issued reports on SMG. TheStreet upgraded shares of Scotts Miracle-Gro from a “c+” rating to a “b” rating in a research note on Wednesday, May 6th. Raymond James lowered shares of Scotts Miracle-Gro from a “strong-buy” rating to a “market perform” rating and set a $152.00 price target for the company. in a research note on Tuesday, May 26th. William Blair restated a “buy” rating on shares of Scotts Miracle-Gro in a research note on Tuesday, June 9th. Finally, SunTrust Banks lifted their price target on shares of Scotts Miracle-Gro from $155.00 to $180.00 and gave the stock a “buy” rating in a research note on Thursday. Five equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $128.50.

Scotts Miracle-Gro stock opened at $158.57 on Friday. The company has a market cap of $8.80 billion, a PE ratio of 27.82 and a beta of 0.93. The company has a fifty day moving average price of $137.83 and a two-hundred day moving average price of $123.79. The company has a debt-to-equity ratio of 1.51, a current ratio of 1.61 and a quick ratio of 1.32. Scotts Miracle-Gro Co has a 12 month low of $76.50 and a 12 month high of $167.46.

Scotts Miracle-Gro (NYSE:SMG) last released its quarterly earnings data on Wednesday, July 29th. The basic materials company reported $3.80 EPS for the quarter, topping analysts’ consensus estimates of $3.37 by $0.43. The firm had revenue of $1.49 billion during the quarter, compared to the consensus estimate of $1.33 billion. Scotts Miracle-Gro had a net margin of 8.71% and a return on equity of 45.36%. The firm’s revenue was up 27.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $3.11 earnings per share. Equities research analysts anticipate that Scotts Miracle-Gro Co will post 6.75 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Thursday, August 27th will be issued a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a yield of 1.56%. The ex-dividend date of this dividend is Wednesday, August 26th. This is an increase from Scotts Miracle-Gro’s previous quarterly dividend of $0.58. Scotts Miracle-Gro’s payout ratio is currently 51.90%.

Scotts Miracle-Gro Profile

The Scotts Miracle-Gro Company manufactures, markets, and sells consumer lawn and garden products in the United States and internationally. The company operates through three segments: U.S. Consumer, Hawthorne, and Other. It offers lawn care products, such as lawn fertilizers, grass seed products, spreaders, other durable products, and outdoor cleaners, as well as lawn-related weed, pest, and disease control products.

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

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