Truist Monetary Corp boosted its stake in The Scotts Miracle-Gro Firm (NYSE:SMG – Get Ranking) by 35.4% within the 1st quarter, in accordance with its most up-to-date disclosure with the Securities and Alternate Fee (SEC). The agency owned 100,114 shares of the fundamental supplies firm’s inventory after shopping for an extra 26,190 shares throughout the interval. Truist Monetary Corp owned 0.18% of Scotts Miracle-Gro price $12,310,000 on the finish of the newest reporting interval.
Different institutional traders and hedge funds additionally just lately modified their holdings of the corporate. IFP Advisors Inc lifted its holdings in shares of 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 valued at $187,000 after buying an extra 538 shares over the past quarter. Stratos Wealth Companions LTD. lifted its holdings in shares of Scotts Miracle-Gro by 20.0% throughout 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 an extra 779 shares over the past quarter. Spire Wealth Administration lifted its holdings in shares of Scotts Miracle-Gro by 115.7% throughout the fourth quarter. Spire Wealth Administration now owns 2,494 shares of the fundamental supplies firm’s inventory valued at $402,000 after buying an extra 1,338 shares over the past quarter. CAPROCK Group Inc. bought a brand new place in shares of Scotts Miracle-Gro throughout the fourth quarter valued at roughly $487,000. Lastly, Wealth Administration Companions LLC bought a brand new place in shares of Scotts Miracle-Gro throughout the fourth quarter valued at roughly $224,000. Institutional traders and hedge funds personal 62.23% of the corporate’s inventory.
NYSE:SMG opened at $80.94 on Monday. 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 easy shifting common of $90.41 and a two-hundred day easy shifting common of $119.51. 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 cap of $4.48 billion, a PE ratio of 11.37 and a beta of 1.23.
Scotts Miracle-Gro (NYSE:SMG – Get Ranking) final issued its quarterly earnings information on Tuesday, Could third. The fundamental supplies firm reported $5.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.69 by $0.34. Scotts Miracle-Gro had a web margin of 8.81% and a return on fairness of 42.22%. The agency had income of $1.68 billion throughout the quarter, in comparison with the consensus estimate of $1.68 billion. Throughout the identical quarter within the earlier 12 months, the agency posted $5.64 EPS. The corporate’s income for the quarter was down 8.2% in comparison with the identical quarter final 12 months. Analysis analysts forecast that The Scotts Miracle-Gro Firm will publish 4.73 earnings per share for the present 12 months.
The agency additionally just lately disclosed a quarterly dividend, which was paid on Friday, June tenth. Stockholders of file on Friday, Could twenty seventh got a dividend of $0.66 per share. This represents a $2.64 dividend on an annualized foundation and a dividend yield of three.26%. The ex-dividend date was Thursday, Could twenty sixth. Scotts Miracle-Gro’s payout ratio is 37.08%.
In associated information, Director Stephen L. Johnson bought 2,305 shares of Scotts Miracle-Gro inventory in a transaction on Wednesday, Could 4th. The shares had been bought at a mean worth of $113.36, for a complete transaction of $261,294.80. Following the transaction, the director now owns 20,233 shares within the firm, valued at roughly $2,293,612.88. The transaction was disclosed in a submitting with the SEC, which might be accessed via this hyperlink. Additionally, CEO James Hagedorn bought 60,000 shares of Scotts Miracle-Gro inventory in a transaction on Friday, Could thirteenth. The shares had been bought at a mean worth of $97.74, for a complete transaction of $5,864,400.00. Following the transaction, the chief government officer now owns 261,816 shares within the firm, valued at roughly $25,589,895.84. The disclosure for this sale might be discovered right here. Within the final three months, insiders have bought 79,805 shares of firm inventory valued at $7,848,045. Insiders personal 27.31% of the corporate’s inventory.
A number of analysis corporations have just lately issued experiences on SMG. JPMorgan Chase & Co. lowered shares of Scotts Miracle-Gro from an “chubby” score to a “impartial” score and lowered their goal worth for the corporate from $130.00 to $95.00 in a report on Thursday, June ninth. Raymond James decreased their worth goal on shares of Scotts Miracle-Gro from $125.00 to $110.00 in a analysis report on Thursday, June ninth. Stifel Nicolaus decreased their worth goal on shares of Scotts Miracle-Gro from $116.00 to $93.00 in a analysis report on Tuesday, June 14th. Truist Monetary downgraded shares of Scotts Miracle-Gro from a “purchase” score to a “maintain” score and decreased their worth goal for the corporate from $185.00 to $85.00 in a analysis report on Wednesday, June eighth. Lastly, Barclays downgraded shares of Scotts Miracle-Gro from an “chubby” score to an “equal weight” score and decreased their worth goal for the corporate from $150.00 to $110.00 in a analysis report on Thursday, April twenty first. One analysis analyst has rated the inventory with a promote score, 5 have issued a maintain score, one has issued a purchase score and one has assigned a robust purchase score to the corporate’s inventory. Based mostly on information from MarketBeat.com, Scotts Miracle-Gro at present has a mean score of “Maintain” and a consensus worth goal of $119.29.
Scotts Miracle-Gro Profile (Get Ranking)
The Scotts Miracle-Gro Firm engages within the manufacture, advertising, and sale of merchandise for garden, garden care, and indoor and hydroponic gardening in america 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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