Insider Selling: Scotts Miracle-Gro Co (NYSE:SMG) EVP Sells $1,976,960.96 in Stock

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Scotts Miracle-Gro Co (NYSE:SMG) EVP Denise Stump sold 17,992 shares of the company’s stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $109.88, for a total value of $1,976,960.96. Following the sale, the executive vice president now owns 31,422 shares in the company, valued at $3,452,649.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Shares of NYSE SMG opened at $109.36 on Thursday. The company has a debt-to-equity ratio of 1.94, a quick ratio of 0.90 and a current ratio of 1.45. The business has a 50 day simple moving average of $102.03. Scotts Miracle-Gro Co has a fifty-two week low of $57.96 and a fifty-two week high of $114.63. The stock has a market capitalization of $6.05 billion, a P/E ratio of 29.48, a price-to-earnings-growth ratio of 2.21 and a beta of 0.86.

Scotts Miracle-Gro (NYSE:SMG) last issued its quarterly earnings results on Wednesday, July 31st. The basic materials company reported $3.11 earnings per share for the quarter, topping the consensus estimate of $2.74 by $0.37. Scotts Miracle-Gro had a return on equity of 51.15% and a net margin of 12.02%. The firm had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.07 billion. During the same period in the prior year, the business posted $2.67 earnings per share. The company’s revenue for the quarter was up 17.7% on a year-over-year basis. Research analysts expect that Scotts Miracle-Gro Co will post 4.5 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 10th. Stockholders of record on Tuesday, August 27th will be issued a $0.58 dividend. This represents a $2.32 annualized dividend and a dividend yield of 2.12%. This is an increase from Scotts Miracle-Gro’s previous quarterly dividend of $0.55. The ex-dividend date is Monday, August 26th. Scotts Miracle-Gro’s dividend payout ratio is presently 59.30%.

Hedge funds and other institutional investors have recently modified their holdings of the company. Front Row Advisors LLC purchased a new stake in shares of Scotts Miracle-Gro in the 1st quarter worth $25,000. NEXT Financial Group Inc lifted its holdings in shares of Scotts Miracle-Gro by 806.7% in the 2nd quarter. NEXT Financial Group Inc now owns 272 shares of the basic materials company’s stock worth $27,000 after buying an additional 242 shares during the period. Shine Investment Advisory Services Inc. lifted its holdings in shares of Scotts Miracle-Gro by 106.5% in the 1st quarter. Shine Investment Advisory Services Inc. now owns 510 shares of the basic materials company’s stock worth $40,000 after buying an additional 263 shares during the period. Bedel Financial Consulting Inc. lifted its holdings in shares of Scotts Miracle-Gro by 58.5% in the 1st quarter. Bedel Financial Consulting Inc. now owns 515 shares of the basic materials company’s stock worth $40,000 after buying an additional 190 shares during the period. Finally, Zions Bancorporation N.A. purchased a new stake in shares of Scotts Miracle-Gro in the 1st quarter worth $49,000. Hedge funds and other institutional investors own 66.06% of the company’s stock.

A number of brokerages have issued reports on SMG. SunTrust Banks upped their price objective on Scotts Miracle-Gro to $120.00 and gave the company a “positive” rating in a research report on Thursday, August 1st. Bank of America set a $96.00 price objective on Scotts Miracle-Gro and gave the company a “sell” rating in a research report on Wednesday, July 31st. TheStreet upgraded Scotts Miracle-Gro from a “c” rating to a “b” rating in a research report on Wednesday, May 1st. Finally, ValuEngine upgraded Scotts Miracle-Gro from a “hold” rating to a “buy” rating in a research report on Thursday, May 30th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $87.42.

About Scotts Miracle-Gro

The Scotts Miracle-Gro Company manufactures, markets, and sells consumer lawn and garden products in the United States and internationally. The company operates through three segments: U.S. Consumer, Hawthorne, and Other. It offers lawn care products, such as lawn fertilizers, grass seed products, spreaders, other durable products, and outdoor cleaners, as well as lawn-related weed, pest, and disease control products.

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Insider Buying and Selling by Quarter for Scotts Miracle-Gro (NYSE:SMG)

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