Dimensional Fund Advisors LP Has $47.36 Million Holdings in Scotts Miracle-Gro Co (SMG)

Dimensional Fund Advisors LP raised its holdings in shares of Scotts Miracle-Gro Co (NYSE:SMG) by 5.3% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 486,538 shares of the basic materials company’s stock after acquiring an additional 24,662 shares during the period. Dimensional Fund Advisors LP’s holdings in Scotts Miracle-Gro were worth $47,360,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of SMG. TimesSquare Capital Management LLC purchased a new stake in Scotts Miracle-Gro during the second quarter valued at about $61,566,000. FIL Ltd boosted its position in Scotts Miracle-Gro by 39.2% during the second quarter. FIL Ltd now owns 664,781 shares of the basic materials company’s stock valued at $59,472,000 after buying an additional 187,264 shares during the period. Kayne Anderson Rudnick Investment Management LLC boosted its position in Scotts Miracle-Gro by 17.7% during the third quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,046,557 shares of the basic materials company’s stock valued at $101,873,000 after buying an additional 157,174 shares during the period. Janus Henderson Group PLC purchased a new stake in Scotts Miracle-Gro during the second quarter valued at about $13,178,000. Finally, JPMorgan Chase & Co. boosted its position in Scotts Miracle-Gro by 160.5% during the third quarter. JPMorgan Chase & Co. now owns 109,797 shares of the basic materials company’s stock valued at $10,690,000 after buying an additional 67,644 shares during the period. Institutional investors and hedge funds own 69.18% of the company’s stock.

In other news, EVP Ivan C. Smith sold 6,587 shares of the stock in a transaction dated Friday, November 17th. The shares were sold at an average price of $97.74, for a total transaction of $643,813.38. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Nancy G. Mistretta sold 5,000 shares of the stock in a transaction dated Friday, October 13th. The stock was sold at an average price of $100.11, for a total transaction of $500,550.00. The disclosure for this sale can be found here. Corporate insiders own 29.14% of the company’s stock.

Several research firms have issued reports on SMG. JPMorgan Chase & Co. lowered shares of Scotts Miracle-Gro from an “overweight” rating to a “neutral” rating and set a $99.00 price target for the company. in a research report on Wednesday, November 8th. KeyCorp reiterated a “hold” rating on shares of Scotts Miracle-Gro in a report on Monday, October 16th. Bank of America increased their target price on shares of Scotts Miracle-Gro from $107.00 to $110.00 and gave the stock a “buy” rating in a report on Wednesday, November 8th. SunTrust Banks reiterated a “hold” rating and set a $95.00 target price on shares of Scotts Miracle-Gro in a report on Friday, November 10th. Finally, Zacks Investment Research lowered shares of Scotts Miracle-Gro from a “hold” rating to a “sell” rating in a report on Wednesday, October 4th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the stock. Scotts Miracle-Gro currently has a consensus rating of “Hold” and an average price target of $101.33.

Shares of Scotts Miracle-Gro Co (NYSE:SMG) opened at $107.65 on Friday. The company has a debt-to-equity ratio of 1.90, a quick ratio of 0.87 and a current ratio of 1.62. The firm has a market cap of $6,099.38, a PE ratio of 29.90, a PEG ratio of 2.51 and a beta of 0.36. Scotts Miracle-Gro Co has a 1-year low of $81.48 and a 1-year high of $109.77.

Scotts Miracle-Gro (NYSE:SMG) last posted its earnings results on Tuesday, November 7th. The basic materials company reported ($0.26) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.30) by $0.04. The company had revenue of $376.70 million during the quarter, compared to analyst estimates of $368.50 million. Scotts Miracle-Gro had a net margin of 7.51% and a return on equity of 37.81%. Scotts Miracle-Gro’s revenue for the quarter was up 8.0% on a year-over-year basis. During the same period in the prior year, the business posted ($0.30) earnings per share. research analysts predict that Scotts Miracle-Gro Co will post 4.3 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, December 8th. Stockholders of record on Friday, November 24th were issued a dividend of $0.53 per share. The ex-dividend date of this dividend was Wednesday, November 22nd. This represents a $2.12 dividend on an annualized basis and a dividend yield of 1.97%. Scotts Miracle-Gro’s dividend payout ratio is currently 58.89%.

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About Scotts Miracle-Gro

The Scotts Miracle-Gro Company (Scotts Miracle-Gro) is a manufacturer and marketer of branded consumer lawn and garden products. The Company’s segments include Global Consumer. In North America, its brands include Scotts and Turf Builder lawn and grass seed products; Miracle-Gro, Nature’s Care, Scotts, LiquaFeed and Osmocote gardening and landscape products; and Ortho, Roundup, Home Defense and Tomcat branded insect control, weed control and rodent control products.

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Institutional Ownership by Quarter for Scotts Miracle-Gro (NYSE:SMG)

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