L & S Advisors Inc Acquires New Stake in Scotts Miracle-Gro Company (The) (SMG)

L & S Advisors Inc bought a new stake in Scotts Miracle-Gro Company (The) (NYSE:SMG) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 30,701 shares of the basic materials company’s stock, valued at approximately $2,867,000. L & S Advisors Inc owned about 0.05% of Scotts Miracle-Gro Company (The) at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Ropes Wealth Advisors LLC purchased a new stake in Scotts Miracle-Gro Company (The) during the first quarter valued at about $121,000. Glen Harbor Capital Management LLC boosted its stake in 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 buying an additional 32 shares during the period. Creative Planning boosted its stake in 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 buying an additional 60 shares during the period. Acrospire Investment Management LLC bought a new stake in Scotts Miracle-Gro Company (The) during the first quarter valued at $149,000. Finally, CENTRAL TRUST Co raised its position in Scotts Miracle-Gro Company (The) by 10.1% in the first quarter. CENTRAL TRUST Co now owns 1,640 shares of the basic materials company’s stock valued at $153,000 after buying an additional 150 shares in the last quarter. Institutional investors and hedge funds own 68.55% of the company’s stock.

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

Shares of Scotts Miracle-Gro Company (NYSE:SMG) traded down 0.30% on Tuesday, reaching $88.67. 170,427 shares of the company’s stock traded hands. The company has a market cap of $5.28 billion, a PE ratio of 19.01 and a beta of 0.34. The stock has a 50-day moving average price of $87.89 and a 200-day moving average price of $92.08. Scotts Miracle-Gro Company has a 12-month low of $65.80 and a 12-month high of $98.82.

Scotts Miracle-Gro Company (The) (NYSE:SMG) last issued its quarterly earnings data on Tuesday, May 2nd. The basic materials company reported $2.78 earnings per share for the quarter, missing the Zacks’ consensus estimate of $2.93 by $0.15. Scotts Miracle-Gro Company (The) had a net margin of 10.23% and a return on equity of 31.76%. The firm had revenue of $1.20 billion during the quarter, compared to analysts’ expectations of $1.28 billion. During the same quarter in the prior year, the firm posted $3.15 EPS. Scotts Miracle-Gro Company (The)’s quarterly revenue was down 3.3% compared to the same quarter last year. Equities research analysts anticipate that Scotts Miracle-Gro Company will post $4.13 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, June 9th. Stockholders of record on Friday, May 26th were paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 2.25%. The ex-dividend date of this dividend was Wednesday, May 24th. Scotts Miracle-Gro Company (The)’s dividend payout ratio (DPR) is presently 42.37%.

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Separately, Zacks Investment Research lowered shares of Scotts Miracle-Gro Company (The) from a “buy” rating to a “hold” rating in a report on Thursday, March 16th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the stock. Scotts Miracle-Gro Company (The) has a consensus rating of “Buy” and a consensus price target of $97.00.

In other Scotts Miracle-Gro Company (The) news, Chairman James Hagedorn sold 33,104 shares of the stock in a transaction on Wednesday, May 3rd. The stock was sold at an average price of $88.49, for a total value of $2,929,372.96. Following the completion of the transaction, the chairman now owns 99,006 shares in the company, valued at $8,761,040.94. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Thomas Randal Coleman sold 4,265 shares of the stock in a transaction on Wednesday, May 10th. The stock was sold at an average price of $89.84, for a total value of $383,167.60. Following the completion of the transaction, the chief financial officer now owns 19,202 shares of the company’s stock, valued at approximately $1,725,107.68. The disclosure for this sale can be found here. Insiders have sold 63,854 shares of company stock valued at $5,662,079 in the last 90 days. Company insiders own 28.16% of the company’s stock.

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.

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