Oregon Public Staff Retirement Fund trimmed its holdings in shares of The Scotts Miracle-Gro Firm (NYSE:SMG – Get Ranking) by 1.0% throughout the 1st quarter, HoldingsChannel reviews. The institutional investor owned 13,082 shares of the fundamental supplies firm’s inventory after promoting 129 shares throughout the interval. Oregon Public Staff Retirement Fund’s holdings in Scotts Miracle-Gro have been value $1,609,000 as of its most up-to-date SEC submitting.
Various different institutional buyers have additionally purchased and bought shares of SMG. IFP Advisors Inc elevated its place in Scotts Miracle-Gro by 87.9% throughout the fourth quarter. IFP Advisors Inc now owns 1,150 shares of the fundamental supplies firm’s inventory value $187,000 after shopping for a further 538 shares over the last quarter. Stratos Wealth Companions LTD. grew its place in shares of Scotts Miracle-Gro by 20.0% within the fourth quarter. Stratos Wealth Companions LTD. now owns 4,667 shares of the fundamental supplies firm’s inventory valued at $752,000 after buying a further 779 shares over the last quarter. Louisiana State Staff Retirement System grew its place in shares of Scotts Miracle-Gro by 1.0% within the fourth quarter. Louisiana State Staff Retirement System now owns 10,500 shares of the fundamental supplies firm’s inventory valued at $1,691,000 after buying a further 100 shares over the last quarter. Spire Wealth Administration grew its place in shares of Scotts Miracle-Gro by 115.7% within the fourth quarter. Spire Wealth Administration now owns 2,494 shares of the fundamental supplies firm’s inventory valued at $402,000 after buying a further 1,338 shares over the last quarter. Lastly, Ridgewood Investments LLC grew its place in shares of Scotts Miracle-Gro by 12.5% within the fourth quarter. Ridgewood Investments LLC now owns 4,282 shares of the fundamental supplies firm’s inventory valued at $689,000 after buying a further 475 shares over the last quarter. 62.23% of the inventory is presently owned by hedge funds and different institutional buyers.
Shares of SMG opened at $80.94 on Friday. The inventory has a market cap of $4.48 billion, a price-to-earnings ratio of 11.37 and a beta of 1.23. The corporate has a fast ratio of 1.13, a present ratio of two.21 and a debt-to-equity ratio of three.44. The Scotts Miracle-Gro Firm has a 12 month low of $72.58 and a 12 month excessive of $184.00. The corporate has a 50-day transferring common value of $90.41 and a two-hundred day transferring common value of $119.80.
Scotts Miracle-Gro (NYSE:SMG – Get Ranking) final introduced its quarterly earnings outcomes on Tuesday, Might third. The essential supplies firm reported $5.03 EPS for the quarter, topping analysts’ consensus estimates of $4.69 by $0.34. The agency had income of $1.68 billion throughout the quarter, in comparison with analysts’ expectations of $1.68 billion. Scotts Miracle-Gro had a internet margin of 8.81% and a return on fairness of 42.22%. The corporate’s income for the quarter was down 8.2% in comparison with the identical quarter final 12 months. Throughout the identical quarter final 12 months, the corporate earned $5.64 earnings per share. Equities analysis analysts count on that The Scotts Miracle-Gro Firm will put up 4.73 EPS for the present fiscal 12 months.
The corporate additionally lately disclosed a quarterly dividend, which was paid on Friday, June tenth. Stockholders of document on Friday, Might twenty seventh have been issued a dividend of $0.66 per share. This represents a $2.64 annualized dividend and a dividend yield of three.26%. The ex-dividend date of this dividend was Thursday, Might twenty sixth. Scotts Miracle-Gro’s payout ratio is 37.08%.
A number of equities analysis analysts have lately issued reviews on the corporate. Stifel Nicolaus lowered their value goal on Scotts Miracle-Gro from $116.00 to $93.00 in a analysis report on Tuesday, June 14th. Barclays reduce shares of Scotts Miracle-Gro from an “chubby” ranking to an “equal weight” ranking and lowered their goal value for the corporate from $150.00 to $110.00 in a analysis word on Thursday, April twenty first. Wells Fargo & Firm reduce shares of Scotts Miracle-Gro from an “chubby” ranking to an “equal weight” ranking and lowered their goal value for the corporate from $115.00 to $85.00 in a analysis word on Wednesday, June twenty second. Truist Monetary reduce shares of Scotts Miracle-Gro from a “purchase” ranking to a “maintain” ranking and lowered their goal value for the corporate from $185.00 to $85.00 in a analysis word on Wednesday, June eighth. Lastly, StockNews.com reduce shares of Scotts Miracle-Gro from a “maintain” ranking to a “promote” ranking in a analysis word on Saturday, Might twenty first. One analysis analyst has rated the inventory with a promote ranking, 5 have issued a maintain ranking, one has issued a purchase ranking and one has issued a robust purchase ranking to the inventory. In line with MarketBeat, the inventory has a consensus ranking of “Maintain” and a mean value goal of $119.29.
In different information, Director Stephen L. Johnson bought 2,305 shares of the agency’s inventory in a transaction that occurred on Wednesday, Might 4th. The shares have been bought at a mean value of $113.36, for a complete transaction of $261,294.80. Following the completion of the sale, the director now owns 20,233 shares of the corporate’s inventory, valued at $2,293,612.88. The transaction was disclosed in a doc filed with the SEC, which is accessible via this hyperlink. Additionally, CEO James Hagedorn bought 60,000 shares of the agency’s inventory in a transaction that occurred on Friday, Might thirteenth. The shares have been bought at a mean value of $97.74, for a complete transaction of $5,864,400.00. Following the completion of the sale, the chief govt officer now immediately owns 261,816 shares of the corporate’s inventory, valued at roughly $25,589,895.84. The disclosure for this sale could be discovered right here. Within the final ninety days, insiders have bought 79,805 shares of firm inventory valued at $7,848,045. Firm insiders personal 27.31% of the corporate’s inventory.
Scotts Miracle-Gro Profile (Get Ranking)
The Scotts Miracle-Gro Firm engages within the manufacture, advertising and marketing, and sale of merchandise for garden, garden care, and indoor and hydroponic gardening in the US and internationally. The corporate operates via three segments: U.S. Shopper, Hawthorne, and Different. It gives garden care merchandise comprising garden fertilizers, grass seed merchandise, spreaders, different sturdy merchandise, and outside cleaners, in addition to lawn-related weed, pest, and illness management merchandise; gardening and panorama merchandise embody water-soluble and continuous-release plant meals, potting mixes and garden soils, mulch and ornamental groundcover merchandise, plant-related pest and illness management merchandise, natural garden merchandise, and lives items and seeding options.
Really useful Tales
Wish to see what different hedge funds are holding SMG? Go to HoldingsChannel.com to get the newest 13F filings and insider trades for The Scotts Miracle-Gro Firm (NYSE:SMG – Get Ranking).
Obtain Information & Rankings for Scotts Miracle-Gro Each day – Enter your electronic mail handle under to obtain a concise day by day abstract of the newest information and analysts’ rankings for Scotts Miracle-Gro and associated firms with MarketBeat.com’s FREE day by day electronic mail publication.
