Quantbot Technologies LP lifted its stake in The Scotts Miracle-Gro Company (NYSE:SMG - Free Report) by 15.3% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 63,401 shares of the basic materials company's stock after buying an additional 8,424 shares during the quarter. Quantbot Technologies LP owned about 0.11% of Scotts Miracle-Gro worth $4,206,000 as of its most recent filing with the Securities & Exchange Commission.
Other large investors have also recently made changes to their positions in the company. Raymond James Financial Inc. bought a new stake in Scotts Miracle-Gro during the 4th quarter worth approximately $39,986,000. Jacobs Levy Equity Management Inc. increased its stake in shares of Scotts Miracle-Gro by 1,033.4% in the third quarter. Jacobs Levy Equity Management Inc. now owns 364,045 shares of the basic materials company's stock worth $31,563,000 after purchasing an additional 331,925 shares in the last quarter. BNP Paribas Financial Markets raised its position in shares of Scotts Miracle-Gro by 228.0% during the 3rd quarter. BNP Paribas Financial Markets now owns 252,798 shares of the basic materials company's stock valued at $21,918,000 after purchasing an additional 175,719 shares during the period. Pacer Advisors Inc. raised its position in shares of Scotts Miracle-Gro by 5.0% during the 3rd quarter. Pacer Advisors Inc. now owns 3,172,800 shares of the basic materials company's stock valued at $275,082,000 after purchasing an additional 151,354 shares during the period. Finally, De Lisle Partners LLP purchased a new position in shares of Scotts Miracle-Gro during the 3rd quarter valued at $10,162,000. 74.07% of the stock is owned by hedge funds and other institutional investors.
Scotts Miracle-Gro Stock Up 0.3 %
Scotts Miracle-Gro stock traded up $0.15 during midday trading on Wednesday, reaching $59.91. 755,376 shares of the stock traded hands, compared to its average volume of 793,508. The stock has a market cap of $3.44 billion, a P/E ratio of -124.81 and a beta of 1.79. The stock's fifty day moving average is $65.97 and its 200-day moving average is $73.09. The Scotts Miracle-Gro Company has a 12 month low of $55.68 and a 12 month high of $93.90.
Scotts Miracle-Gro (NYSE:SMG - Get Free Report) last posted its earnings results on Wednesday, January 29th. The basic materials company reported ($0.89) EPS for the quarter, beating analysts' consensus estimates of ($1.23) by $0.34. Scotts Miracle-Gro had a negative return on equity of 51.48% and a negative net margin of 0.67%. During the same quarter in the prior year, the company posted ($1.45) earnings per share. On average, equities analysts predict that The Scotts Miracle-Gro Company will post 3.42 EPS for the current fiscal year.
Scotts Miracle-Gro Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Friday, March 7th. Stockholders of record on Friday, February 21st were issued a $0.66 dividend. The ex-dividend date was Friday, February 21st. This represents a $2.64 dividend on an annualized basis and a dividend yield of 4.41%. Scotts Miracle-Gro's dividend payout ratio (DPR) is presently -550.00%.
Insider Activity
In other Scotts Miracle-Gro news, CEO James Hagedorn sold 142,733 shares of the business's stock in a transaction that occurred on Thursday, January 30th. The stock was sold at an average price of $71.56, for a total transaction of $10,213,973.48. Following the sale, the chief executive officer now directly owns 88,310 shares of the company's stock, valued at $6,319,463.60. The trade was a 61.78 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Brian E. Sandoval sold 1,513 shares of the firm's stock in a transaction that occurred on Wednesday, February 12th. The shares were sold at an average price of $65.86, for a total value of $99,646.18. Following the completion of the sale, the director now directly owns 13,039 shares of the company's stock, valued at $858,748.54. The trade was a 10.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 159,937 shares of company stock worth $11,379,275. 25.37% of the stock is currently owned by corporate insiders.
Wall Street Analysts Forecast Growth
A number of equities research analysts have commented on the company. Stifel Nicolaus raised Scotts Miracle-Gro from a "hold" rating to a "buy" rating and decreased their price target for the company from $78.00 to $70.00 in a report on Tuesday, March 4th. UBS Group cut their target price on Scotts Miracle-Gro from $77.00 to $72.00 and set a "neutral" rating for the company in a research report on Thursday, January 16th. Wells Fargo & Company lowered their price target on Scotts Miracle-Gro from $85.00 to $80.00 and set an "overweight" rating on the stock in a report on Tuesday, January 7th. Finally, Jefferies Financial Group started coverage on Scotts Miracle-Gro in a research note on Monday, December 9th. They issued a "hold" rating and a $72.00 price target for the company. Five equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Scotts Miracle-Gro presently has a consensus rating of "Hold" and an average target price of $74.00.
Check Out Our Latest Research Report on Scotts Miracle-Gro
About Scotts Miracle-Gro
(
Free Report)
The Scotts Miracle-Gro Company, together with its subsidiaries, manufactures, markets, and sells products for lawn, garden care, and indoor and hydroponic gardening in the United States and internationally. It operates through three segments: U.S. Consumer, Hawthorne, and Other. The company provides lawn care products, comprising lawn fertilizers, grass seed products, spreaders, and other durable products, as well as lawn-related weed, pest, and disease control products; and gardening and landscape products, which include water-soluble and continuous-release plant foods, potting mixes, garden soils, mulches and ground cover products, plant-related pest and disease control products, organic garden products, and live goods and seeding solutions.
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