The Scotts Miracle-Gro Company (NYSE:SMG) Director Peter E. Shumlin Sells 750 Shares

The Scotts Miracle-Gro Company (NYSE:SMGGet Rating) Director Peter E. Shumlin sold 750 shares of Scotts Miracle-Gro stock in a transaction dated Friday, November 18th. The stock was sold at an average price of $56.94, for a total value of $42,705.00. Following the sale, the director now directly owns 11,385 shares of the company’s stock, valued at $648,261.90. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Scotts Miracle-Gro Trading Up 2.5 %

Shares of SMG stock opened at $57.94 on Tuesday. The business’s fifty day moving average price is $49.65 and its 200 day moving average price is $71.14. The Scotts Miracle-Gro Company has a 1-year low of $39.06 and a 1-year high of $168.85. The firm has a market capitalization of $3.21 billion, a PE ratio of -7.30 and a beta of 1.43. The company has a debt-to-equity ratio of 19.13, a current ratio of 2.06 and a quick ratio of 0.66.

Scotts Miracle-Gro Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 9th. Investors of record on Monday, November 28th will be issued a dividend of $0.66 per share. This represents a $2.64 dividend on an annualized basis and a yield of 4.56%. The ex-dividend date is Friday, November 25th. Scotts Miracle-Gro’s dividend payout ratio is presently -33.25%.

Analyst Ratings Changes

Several research firms recently weighed in on SMG. TheStreet cut Scotts Miracle-Gro from a “c” rating to a “d+” rating in a research note on Wednesday, August 3rd. JPMorgan Chase & Co. decreased their target price on Scotts Miracle-Gro from $80.00 to $45.00 and set a “neutral” rating for the company in a research note on Thursday, November 3rd. UBS Group decreased their target price on Scotts Miracle-Gro from $92.00 to $86.00 and set a “neutral” rating for the company in a research note on Wednesday, August 3rd. StockNews.com started coverage on Scotts Miracle-Gro in a report on Wednesday, October 12th. They issued a “sell” rating on the stock. Finally, Wells Fargo & Company dropped their target price on Scotts Miracle-Gro from $75.00 to $50.00 and set an “equal weight” rating on the stock in a report on Monday, October 3rd. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $58.57.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of SMG. Park Avenue Securities LLC grew its holdings in Scotts Miracle-Gro by 26.4% during the first quarter. Park Avenue Securities LLC now owns 3,854 shares of the basic materials company’s stock worth $474,000 after acquiring an additional 804 shares during the period. SG Americas Securities LLC grew its holdings in Scotts Miracle-Gro by 254.2% during the first quarter. SG Americas Securities LLC now owns 18,297 shares of the basic materials company’s stock worth $2,250,000 after acquiring an additional 13,131 shares during the period. Mutual of America Capital Management LLC boosted its position in Scotts Miracle-Gro by 1.6% during the first quarter. Mutual of America Capital Management LLC now owns 37,001 shares of the basic materials company’s stock worth $4,550,000 after purchasing an additional 571 shares in the last quarter. FDx Advisors Inc. boosted its position in Scotts Miracle-Gro by 7.2% during the first quarter. FDx Advisors Inc. now owns 14,037 shares of the basic materials company’s stock worth $1,726,000 after purchasing an additional 938 shares in the last quarter. Finally, Envestnet Asset Management Inc. boosted its position in Scotts Miracle-Gro by 17.0% during the first quarter. Envestnet Asset Management Inc. now owns 286,700 shares of the basic materials company’s stock worth $35,253,000 after purchasing an additional 41,703 shares in the last quarter. Institutional investors and hedge funds own 66.81% of the company’s stock.

About Scotts Miracle-Gro

(Get Rating)

The Scotts Miracle-Gro Company engages in the manufacture, marketing, and sale of products for lawn, garden care, and indoor and hydroponic gardening in the United States and internationally. The company operates through three segments: U.S. Consumer, Hawthorne, and Other. It provides lawn care products comprising lawn fertilizers, grass seed products, spreaders, other durable products, and outdoor cleaners, as well as lawn-related weed, pest, and disease control products; gardening and landscape products include water-soluble and continuous-release plant foods, potting mixes and garden soils, mulch and decorative groundcover products, plant-related pest and disease control products, organic garden products, and lives goods and seeding solutions.

Further Reading

Receive News & Ratings for Scotts Miracle-Gro Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Scotts Miracle-Gro and related companies with MarketBeat.com's FREE daily email newsletter.