Kayne Anderson Rudnick Investment Management LLC lifted its position in Scotts Miracle-Gro Company (The) (NYSE:SMG) by 17.7% in the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,046,557 shares of the basic materials company’s stock after purchasing an additional 157,174 shares during the period. Kayne Anderson Rudnick Investment Management LLC owned 1.79% of Scotts Miracle-Gro Company (The) worth $101,873,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in SMG. Wellington Management Group LLP purchased a new stake in shares of Scotts Miracle-Gro Company (The) in the first quarter valued at approximately $241,000. Bank of Montreal Can boosted its holdings in shares of Scotts Miracle-Gro Company (The) by 13.0% in the second quarter. Bank of Montreal Can now owns 24,451 shares of the basic materials company’s stock valued at $2,187,000 after purchasing an additional 2,814 shares during the period. Creative Planning lifted its holdings in Scotts Miracle-Gro Company (The) by 44.5% during the second quarter. Creative Planning now owns 2,097 shares of the basic materials company’s stock worth $188,000 after buying an additional 646 shares during the period. Oregon Public Employees Retirement Fund lifted its holdings in Scotts Miracle-Gro Company (The) by 4.6% during the second quarter. Oregon Public Employees Retirement Fund now owns 16,433 shares of the basic materials company’s stock worth $1,470,000 after buying an additional 719 shares during the period. Finally, Palo Capital Inc. lifted its holdings in Scotts Miracle-Gro Company (The) by 17.0% during the second quarter. Palo Capital Inc. now owns 10,192 shares of the basic materials company’s stock worth $912,000 after buying an additional 1,478 shares during the period. Hedge funds and other institutional investors own 68.34% of the company’s stock.

A number of analysts have weighed in on SMG shares. J P Morgan Chase & Co lowered Scotts Miracle-Gro Company (The) from an “overweight” rating to a “neutral” rating and set a $99.00 target price for the company. in a report on Wednesday, November 8th. KeyCorp restated a “hold” rating on shares of Scotts Miracle-Gro Company (The) in a report on Monday, October 16th. BidaskClub upgraded Scotts Miracle-Gro Company (The) from a “sell” rating to a “hold” rating in a report on Wednesday, August 2nd. Zacks Investment Research upgraded Scotts Miracle-Gro Company (The) from a “sell” rating to a “hold” rating in a report on Saturday, August 5th. Finally, SunTrust Banks, Inc. restated a “hold” rating and set a $95.00 target price on shares of Scotts Miracle-Gro Company (The) in a report on Friday, November 10th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $101.33.

Scotts Miracle-Gro Company (NYSE SMG) traded down $1.03 during trading on Wednesday, reaching $97.12. The company’s stock had a trading volume of 183,208 shares, compared to its average volume of 308,285. The company has a debt-to-equity ratio of 1.90, a quick ratio of 0.87 and a current ratio of 1.62. The stock has a market capitalization of $5,670.00, a price-to-earnings ratio of 23.65, a P/E/G ratio of 2.34 and a beta of 0.37. Scotts Miracle-Gro Company has a one year low of $81.48 and a one year high of $102.50.

Scotts Miracle-Gro Company (The) (NYSE:SMG) last posted its earnings results on Tuesday, November 7th. The basic materials company reported ($0.26) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.30) by $0.04. The company had revenue of $376.70 million during the quarter, compared to analyst estimates of $368.50 million. Scotts Miracle-Gro Company (The) had a return on equity of 37.81% and a net margin of 7.51%. Scotts Miracle-Gro Company (The)’s revenue was up 8.0% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.30) earnings per share. research analysts anticipate that Scotts Miracle-Gro Company will post 4.3 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 8th. Stockholders of record on Friday, November 24th will be issued a dividend of $0.53 per share. The ex-dividend date is Wednesday, November 22nd. This represents a $2.12 annualized dividend and a dividend yield of 2.18%. Scotts Miracle-Gro Company (The)’s dividend payout ratio is presently 61.27%.

In other news, CFO Thomas Randal Coleman sold 1,226 shares of the stock in a transaction on Thursday, October 5th. The stock was sold at an average price of $99.67, for a total transaction of $122,195.42. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Chairman James Hagedorn sold 16,000 shares of the stock in a transaction on Monday, August 28th. The shares were sold at an average price of $94.37, for a total value of $1,509,920.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 70,226 shares of company stock valued at $6,661,305. Company insiders own 28.16% of the company’s stock.

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

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