Sigma Planning Corp grew its stake in shares of The Scotts Miracle-Gro Firm (NYSE:SMG – Get Score) by 55.2% within the 1st quarter, Holdings Channel reviews. The agency owned 3,746 shares of the fundamental supplies firm’s inventory after buying a further 1,333 shares through the quarter. Sigma Planning Corp’s holdings in Scotts Miracle-Gro had been price $461,000 as of its most up-to-date submitting with the Securities and Change Fee.
A number of different giant buyers additionally lately purchased and offered shares of the corporate. Kayne Anderson Rudnick Funding Administration LLC grew its holdings in shares of Scotts Miracle-Gro by 3.8% through the fourth quarter. Kayne Anderson Rudnick Funding Administration LLC now owns 4,942,266 shares of the fundamental supplies firm’s inventory valued at $795,708,000 after buying a further 182,828 shares over the last quarter. First Eagle Funding Administration LLC grew its holdings in shares of Scotts Miracle-Gro by 159.4% through the fourth quarter. First Eagle Funding Administration LLC now owns 1,177,704 shares of the fundamental supplies firm’s inventory valued at $189,610,000 after buying a further 723,672 shares over the last quarter. Fisher Asset Administration LLC grew its holdings in shares of Scotts Miracle-Gro by 5.5% through the fourth quarter. Fisher Asset Administration LLC now owns 753,385 shares of the fundamental supplies firm’s inventory valued at $121,295,000 after buying a further 39,552 shares over the last quarter. Raymond James & Associates grew its holdings in shares of Scotts Miracle-Gro by 28.0% through the fourth quarter. Raymond James & Associates now owns 543,633 shares of the fundamental supplies firm’s inventory valued at $87,527,000 after buying a further 119,068 shares over the last quarter. Lastly, Geode Capital Administration LLC elevated its stake in shares of Scotts Miracle-Gro by 2.3% within the fourth quarter. Geode Capital Administration LLC now owns 499,435 shares of the fundamental supplies firm’s inventory valued at $80,409,000 after buying a further 11,309 shares through the interval. 62.23% of the inventory is owned by institutional buyers.
In associated information, EVP James D. King offered 17,500 shares of the inventory in a transaction on Tuesday, Could tenth. The inventory was offered at a mean value of $98.42, for a complete worth of $1,722,350.00. Following the completion of the transaction, the chief vp now owns 9,760 shares within the firm, valued at roughly $960,579.20. The transaction was disclosed in a submitting with the Securities & Change Fee, which is obtainable on the SEC web site. Additionally, Director Stephen L. Johnson offered 2,305 shares of the inventory in a transaction on Wednesday, Could 4th. The shares had been offered at a mean value of $113.36, for a complete worth of $261,294.80. Following the completion of the transaction, the director now owns 20,233 shares of the corporate’s inventory, valued at roughly $2,293,612.88. The disclosure for this sale will be discovered right here. Insiders offered a complete of 79,805 shares of firm inventory valued at $7,848,045 during the last three months. 27.31% of the inventory is owned by company insiders.
Shares of NYSE SMG opened at $80.94 on Friday. The Scotts Miracle-Gro Firm has a twelve month low of $72.58 and a twelve month excessive of $184.00. The corporate has a present ratio of two.21, a fast ratio of 1.13 and a debt-to-equity ratio of three.44. The corporate has a market capitalization of $4.48 billion, a price-to-earnings ratio of 11.37 and a beta of 1.23. The agency has a 50-day shifting common of $90.41 and a two-hundred day shifting common of $120.07.
Scotts Miracle-Gro (NYSE:SMG – Get Score) final issued its quarterly earnings outcomes on Tuesday, Could third. The fundamental supplies firm reported $5.03 earnings per share for the quarter, beating analysts’ consensus estimates of $4.69 by $0.34. Scotts Miracle-Gro had a internet margin of 8.81% and a return on fairness of 42.22%. The corporate had income of $1.68 billion through the quarter, in comparison with the consensus estimate of $1.68 billion. Throughout the identical interval within the prior yr, the corporate earned $5.64 EPS. Scotts Miracle-Gro’s income was down 8.2% on a year-over-year foundation. As a bunch, analysis analysts predict that The Scotts Miracle-Gro Firm will submit 4.73 earnings per share for the present yr.
The agency additionally lately declared a quarterly dividend, which was paid on Friday, June tenth. Shareholders of document on Friday, Could twenty seventh had been issued a $0.66 dividend. This represents a $2.64 dividend on an annualized foundation and a yield of three.26%. The ex-dividend date was Thursday, Could twenty sixth. Scotts Miracle-Gro’s payout ratio is 37.08%.
A number of brokerages have commented on SMG. JPMorgan Chase & Co. lowered shares of Scotts Miracle-Gro from an “obese” ranking to a “impartial” ranking and dropped their value goal for the corporate from $130.00 to $95.00 in a analysis be aware on Thursday, June ninth. Barclays lowered shares of Scotts Miracle-Gro from an “obese” ranking to an “equal weight” ranking and dropped their value goal for the corporate from $150.00 to $110.00 in a analysis be aware on Thursday, April twenty first. Truist Monetary lowered shares of Scotts Miracle-Gro from a “purchase” ranking to a “maintain” ranking and dropped their value goal for the corporate from $185.00 to $85.00 in a analysis be aware on Wednesday, June eighth. StockNews.com downgraded shares of Scotts Miracle-Gro from a “maintain” ranking to a “promote” ranking in a analysis report on Saturday, Could twenty first. Lastly, Stifel Nicolaus dropped their value goal on shares of Scotts Miracle-Gro from $116.00 to $93.00 in a analysis report on Tuesday, June 14th. One equities analysis analyst has rated the inventory with a promote ranking, 5 have given a maintain ranking, one has issued a purchase ranking and one has issued a powerful purchase ranking to the corporate. In keeping with knowledge from MarketBeat.com, the corporate has a mean ranking of “Maintain” and a consensus goal value of $119.29.
Scotts Miracle-Gro Firm Profile (Get Score)
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. Client, Hawthorne, and Different. It supplies 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 embrace 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.
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