First Eagle Investment Management LLC Has $311.59 Million Holdings in Scotts Miracle-Gro Company (The) (SMG)

First Eagle Investment Management LLC raised its holdings in Scotts Miracle-Gro Company (The) (NYSE:SMG) by 1.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,201,071 shares of the basic materials company’s stock after buying an additional 50,860 shares during the quarter. First Eagle Investment Management LLC owned 5.48% of Scotts Miracle-Gro Company (The) worth $311,592,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. FDx Advisors Inc. grew its holdings in shares of Scotts Miracle-Gro Company (The) by 52.2% in the 3rd quarter. FDx Advisors Inc. now owns 5,597 shares of the basic materials company’s stock worth $545,000 after purchasing an additional 1,919 shares during the last quarter. Pax World Management LLC bought a new stake in shares of Scotts Miracle-Gro Company (The) in the 3rd quarter worth about $973,000. Jensen Investment Management Inc. bought a new stake in shares of Scotts Miracle-Gro Company (The) in the 3rd quarter worth about $258,000. American Century Companies Inc. grew its holdings in shares of Scotts Miracle-Gro Company (The) by 0.5% in the 3rd quarter. American Century Companies Inc. now owns 526,327 shares of the basic materials company’s stock worth $51,233,000 after purchasing an additional 2,828 shares during the last quarter. Finally, State Board of Administration of Florida Retirement System grew its holdings in shares of Scotts Miracle-Gro Company (The) by 1.4% in the 3rd quarter. State Board of Administration of Florida Retirement System now owns 70,183 shares of the basic materials company’s stock worth $6,832,000 after purchasing an additional 970 shares during the last quarter. 68.34% of the stock is currently owned by institutional investors and hedge funds.

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SMG has been the topic of several analyst reports. Zacks Investment Research lowered shares of Scotts Miracle-Gro Company (The) from a “hold” rating to a “sell” rating in a report on Wednesday, October 4th. KeyCorp reaffirmed a “hold” rating on shares of Scotts Miracle-Gro Company (The) in a report on Monday, August 28th. BidaskClub lowered shares of Scotts Miracle-Gro Company (The) from a “hold” rating to a “sell” rating in a report on Tuesday, July 25th. SunTrust Banks, Inc. reaffirmed a “hold” rating and issued a $95.00 target price on shares of Scotts Miracle-Gro Company (The) in a report on Friday. Finally, Bank of America Corporation upped their price target on shares of Scotts Miracle-Gro Company (The) from $107.00 to $110.00 and gave the stock a “buy” rating in a research report on Wednesday, November 8th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $101.33.

Shares of Scotts Miracle-Gro Company (SMG) traded up $0.59 during midday trading on Monday, reaching $98.63. 313,300 shares of the company traded hands, compared to its average volume of 427,318. The firm has a market cap of $5,761.10, a P/E ratio of 23.54, a price-to-earnings-growth ratio of 2.33 and a beta of 0.37. The company has a current ratio of 1.62, a quick ratio of 0.87 and a debt-to-equity ratio of 1.90. Scotts Miracle-Gro Company has a 1-year low of $81.48 and a 1-year high of $102.50.

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

The business also recently declared a quarterly dividend, which will be paid on Friday, December 8th. Stockholders of record on Friday, November 24th will be paid a $0.53 dividend. The ex-dividend date is Wednesday, November 22nd. This represents a $2.12 dividend on an annualized basis and a dividend yield of 2.15%. Scotts Miracle-Gro Company (The)’s dividend payout ratio (DPR) is presently 58.89%.

In related news, Director Nancy G. Mistretta sold 5,000 shares of the stock in a transaction that occurred on Friday, October 13th. The stock was sold at an average price of $100.11, for a total transaction of $500,550.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Hagedorn Partnership, L.P. sold 32,000 shares of the stock in a transaction that occurred on Monday, August 28th. The stock was sold at an average price of $94.37, for a total value of $3,019,840.00. Following the sale, the insider now directly owns 15,759,274 shares of the company’s stock, valued at $1,487,202,687.38. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 162,583 shares of company stock valued at $15,565,444. 28.16% of the stock is currently owned by company insiders.

About Scotts Miracle-Gro Company (The)

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 Company (The) (NYSE:SMG)

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