Scotts Miracle-Gro Company (The) (SMG) Shares Bought by Neuberger Berman Group LLC

Neuberger Berman Group LLC grew its position in Scotts Miracle-Gro Company (The) (NYSE:SMG) by 3.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 701,177 shares of the basic materials company’s stock after acquiring an additional 21,497 shares during the quarter. Neuberger Berman Group LLC owned about 1.18% of Scotts Miracle-Gro Company (The) worth $62,727,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in SMG. Creative Planning lifted its position in shares of Scotts Miracle-Gro Company (The) by 4.3% in the first quarter. Creative Planning now owns 1,451 shares of the basic materials company’s stock valued at $135,000 after acquiring an additional 60 shares in the last quarter. Bank of Montreal Can lifted its position in shares of Scotts Miracle-Gro Company (The) by 6.1% in the first quarter. Bank of Montreal Can now owns 21,637 shares of the basic materials company’s stock valued at $2,021,000 after acquiring an additional 1,248 shares in the last quarter. Nationwide Fund Advisors lifted its position in shares of Scotts Miracle-Gro Company (The) by 8.2% in the first quarter. Nationwide Fund Advisors now owns 142,291 shares of the basic materials company’s stock valued at $13,289,000 after acquiring an additional 10,761 shares in the last quarter. Profund Advisors LLC lifted its position in shares of Scotts Miracle-Gro Company (The) by 1.8% in the first quarter. Profund Advisors LLC now owns 9,353 shares of the basic materials company’s stock valued at $873,000 after acquiring an additional 164 shares in the last quarter. Finally, Glen Harbor Capital Management LLC lifted its position in shares of Scotts Miracle-Gro Company (The) by 2.4% in the first quarter. Glen Harbor Capital Management LLC now owns 1,392 shares of the basic materials company’s stock valued at $130,000 after acquiring an additional 32 shares in the last quarter. Institutional investors and hedge funds own 69.04% of the company’s stock.

Several equities analysts have recently weighed in on the company. Zacks Investment Research upgraded Scotts Miracle-Gro Company (The) from a “sell” rating to a “hold” rating in a research report on Saturday, August 5th. BidaskClub upgraded Scotts Miracle-Gro Company (The) from a “sell” rating to a “hold” rating in a research report on Thursday, July 13th. Finally, KeyCorp restated a “hold” rating on shares of Scotts Miracle-Gro Company (The) in a research report on Monday, August 28th. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $101.00.

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Shares of Scotts Miracle-Gro Company (NYSE SMG) traded up 0.32% during trading on Friday, reaching $95.37. The company had a trading volume of 917,175 shares. The firm’s 50 day moving average price is $95.12 and its 200 day moving average price is $92.06. The firm has a market capitalization of $5.57 billion, a P/E ratio of 25.73 and a beta of 0.39. Scotts Miracle-Gro Company has a 12 month low of $79.65 and a 12 month high of $99.91.

Scotts Miracle-Gro Company (The) (NYSE:SMG) last posted its earnings results on Tuesday, August 1st. The basic materials company reported $2.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.51 by $0.12. Scotts Miracle-Gro Company (The) had a return on equity of 36.28% and a net margin of 7.85%. The firm had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.06 billion. During the same quarter in the prior year, the company earned $2.16 EPS. Scotts Miracle-Gro Company (The)’s revenue was up 8.5% on a year-over-year basis. Equities analysts predict that Scotts Miracle-Gro Company will post $4.09 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, September 8th. Investors of record on Friday, August 25th were paid a $0.53 dividend. The ex-dividend date of this dividend was Wednesday, August 23rd. This represents a $2.12 dividend on an annualized basis and a yield of 2.22%. This is a positive change from Scotts Miracle-Gro Company (The)’s previous quarterly dividend of $0.50. Scotts Miracle-Gro Company (The)’s dividend payout ratio is presently 55.64%.

In related news, major shareholder Paul Hagedorn sold 16,000 shares of the company’s stock in a transaction that occurred on Friday, September 8th. The stock was sold at an average price of $94.30, for a total value of $1,508,800.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, major shareholder Hagedorn Partnership, L.P. sold 32,000 shares of the stock in a transaction on Monday, August 28th. The stock was sold at an average price of $94.37, for a total value of $3,019,840.00. Following the transaction, the insider now directly owns 15,759,274 shares in the company, valued at approximately $1,487,202,687.38. The disclosure for this sale can be found here. In the last ninety days, insiders sold 254,859 shares of company stock worth $24,364,693. 28.16% of the stock is owned by corporate insiders.

Scotts Miracle-Gro Company (The) Company 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 Company (The) (NYSE:SMG)

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