Scotts Miracle-Gro Company (The) (SMG) Shares Sold by Century Capital Management LLC

Century Capital Management LLC decreased its position in shares of Scotts Miracle-Gro Company (The) (NYSE:SMG) by 76.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,967 shares of the basic materials company’s stock after selling 29,223 shares during the quarter. Century Capital Management LLC’s holdings in Scotts Miracle-Gro Company (The) were worth $802,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in SMG. FNY Managed Accounts LLC purchased a new stake in shares of Scotts Miracle-Gro Company (The) during the 1st quarter worth approximately $103,000. Glen Harbor Capital Management LLC lifted its stake in Scotts Miracle-Gro Company (The) by 2.4% in the 1st 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 in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Scotts Miracle-Gro Company (The) by 7.5% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,664 shares of the basic materials company’s stock valued at $149,000 after buying an additional 116 shares in the last quarter. Tyers Asset Management LLC lifted its stake in Scotts Miracle-Gro Company (The) by 2.4% in the 1st quarter. Tyers Asset Management LLC now owns 1,914 shares of the basic materials company’s stock valued at $179,000 after buying an additional 44 shares in the last quarter. Finally, Delta Asset Management LLC TN lifted its stake in Scotts Miracle-Gro Company (The) by 3.8% in the 2nd quarter. Delta Asset Management LLC TN now owns 2,025 shares of the basic materials company’s stock valued at $181,000 after buying an additional 75 shares in the last quarter. 69.04% of the stock is currently owned by institutional investors and hedge funds.

SMG has been the topic of a number of recent research reports. BidaskClub raised Scotts Miracle-Gro Company (The) from a “sell” rating to a “hold” rating in a research note on Wednesday, August 2nd. KeyCorp reaffirmed a “hold” rating on shares of Scotts Miracle-Gro Company (The) in a research note on Monday, August 28th. Finally, Zacks Investment Research raised Scotts Miracle-Gro Company (The) from a “sell” rating to a “hold” rating in a research note on Saturday, August 5th. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Scotts Miracle-Gro Company (The) has an average rating of “Hold” and an average target price of $101.00.

In related news, Chairman James Hagedorn sold 92,357 shares of the firm’s stock in a transaction that occurred on Tuesday, August 15th. The shares were sold at an average price of $96.41, for a total value of $8,904,138.37. Following the completion of the transaction, the chairman now owns 115,867 shares of the company’s stock, valued at approximately $11,170,737.47. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Hagedorn Partnership, L.P. sold 32,000 shares of the firm’s stock in a transaction that occurred on Monday, August 28th. The stock was sold at an average price of $94.37, for a total transaction of $3,019,840.00. Following the completion of the transaction, the insider now directly owns 15,759,274 shares of the company’s stock, valued at approximately $1,487,202,687.38. The disclosure for this sale can be found here. Insiders sold a total of 254,859 shares of company stock valued at $24,364,693 in the last ninety days. Company insiders own 28.16% of the company’s stock.

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Scotts Miracle-Gro Company (NYSE:SMG) opened at 94.84 on Wednesday. Scotts Miracle-Gro Company has a one year low of $79.33 and a one year high of $99.91. The firm has a market capitalization of $5.54 billion, a P/E ratio of 25.59 and a beta of 0.39. The firm has a 50-day moving average price of $95.16 and a 200 day moving average price of $91.96.

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

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 8th. Investors of record on Friday, August 25th were paid a $0.53 dividend. This is a positive change from Scotts Miracle-Gro Company (The)’s previous quarterly dividend of $0.50. 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 2.24%. Scotts Miracle-Gro Company (The)’s dividend payout ratio (DPR) is currently 55.64%.

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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