Scotts Miracle-Gro Company (The) (SMG) Shares Bought by Ngam Advisors L.P.

Ngam Advisors L.P. raised its stake in shares of Scotts Miracle-Gro Company (The) (NYSE:SMG) by 52.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 90,383 shares of the basic materials company’s stock after buying an additional 30,978 shares during the period. Ngam Advisors L.P. owned approximately 0.15% of Scotts Miracle-Gro Company (The) worth $8,441,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in SMG. Russell Investments Group Ltd. acquired a new position in shares of Scotts Miracle-Gro Company (The) during the fourth quarter worth about $2,460,000. Teachers Advisors LLC raised its position in Scotts Miracle-Gro Company (The) by 469.9% in the fourth quarter. Teachers Advisors LLC now owns 219,410 shares of the basic materials company’s stock valued at $20,965,000 after buying an additional 180,907 shares during the last quarter. Wells Fargo & Company MN raised its position in Scotts Miracle-Gro Company (The) by 3.5% in the first quarter. Wells Fargo & Company MN now owns 266,326 shares of the basic materials company’s stock valued at $24,871,000 after buying an additional 8,960 shares during the last quarter. Bank of Montreal Can raised its position in 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 buying an additional 1,248 shares during the last quarter. Finally, Creative Planning increased its stake 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 buying an additional 60 shares during the period. Hedge funds and other institutional investors 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 up 0.12% during trading on Tuesday, reaching $89.05. The company’s stock had a trading volume of 148,912 shares. The stock’s 50 day moving average is $87.89 and its 200 day moving average is $92.08. The firm has a market cap of $5.30 billion, a P/E ratio of 19.09 and a beta of 0.34. Scotts Miracle-Gro Company has a one year low of $65.80 and a one year high of $98.82.

Scotts Miracle-Gro Company (The) (NYSE:SMG) last issued its earnings results 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. The firm had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.28 billion. Scotts Miracle-Gro Company (The) had a net margin of 10.23% and a return on equity of 31.76%. The company’s revenue for the quarter was down 3.3% on a year-over-year basis. During the same period last year, the firm earned $3.15 earnings per share. On average, equities analysts forecast that Scotts Miracle-Gro Company will post $4.13 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, June 9th. Shareholders of record on Friday, May 26th were given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a 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 downgraded shares of Scotts Miracle-Gro Company (The) from a “buy” rating to a “hold” rating in a research report on Wednesday, March 8th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the company’s stock. Scotts Miracle-Gro Company (The) currently has an average rating of “Buy” and an average price target of $97.00.

In other news, Chairman James Hagedorn sold 33,104 shares of the business’s 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 directly owns 99,006 shares of the company’s stock, valued at approximately $8,761,040.94. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, major shareholder Hagedorn Partnership, L.P. sold 4,259 shares of the business’s stock in a transaction on Tuesday, May 9th. The stock was sold at an average price of $89.46, for a total value of $381,010.14. Following the transaction, the insider now owns 15,771,259 shares in the company, valued at $1,410,896,830.14. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 63,854 shares of company stock valued at $5,662,079. 28.16% of the stock is currently owned by corporate insiders.

About Scotts Miracle-Gro Company (The)

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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