Papp L Roy & Associates Has $959,000 Holdings in Scotts Miracle-Gro Company (The) (SMG)

Papp L Roy & Associates grew its position in shares of Scotts Miracle-Gro Company (The) (NYSE:SMG) by 39.8% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,851 shares of the basic materials company’s stock after purchasing an additional 2,804 shares during the period. Papp L Roy & Associates’ holdings in Scotts Miracle-Gro Company (The) were worth $959,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in SMG. TimesSquare Capital Management LLC purchased a new position in shares of Scotts Miracle-Gro Company (The) during the 2nd quarter valued at $61,566,000. FIL Ltd grew its position in shares of Scotts Miracle-Gro Company (The) by 39.2% during the 2nd quarter. FIL Ltd now owns 664,781 shares of the basic materials company’s stock valued at $59,472,000 after purchasing an additional 187,264 shares in the last quarter. Janus Henderson Group PLC purchased a new position in shares of Scotts Miracle-Gro Company (The) during the 2nd quarter valued at $13,178,000. Eagle Asset Management Inc. grew its position in shares of Scotts Miracle-Gro Company (The) by 44.5% during the 2nd quarter. Eagle Asset Management Inc. now owns 327,304 shares of the basic materials company’s stock valued at $29,280,000 after purchasing an additional 100,743 shares in the last quarter. Finally, AXA purchased a new position in shares of Scotts Miracle-Gro Company (The) during the 2nd quarter valued at $6,047,000. Hedge funds and other institutional investors own 68.34% of the company’s stock.

In other Scotts Miracle-Gro Company (The) news, major shareholder Paul Hagedorn sold 16,000 shares of the business’s stock in a transaction on Friday, September 8th. The shares were sold at an average price of $94.30, for a total value of $1,508,800.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Chairman James Hagedorn sold 92,357 shares of the business’s stock in a transaction on Tuesday, August 15th. The stock was sold at an average price of $96.41, for a total transaction of $8,904,138.37. Following the completion of the sale, the chairman now directly owns 115,867 shares of the company’s stock, valued at $11,170,737.47. The disclosure for this sale can be found here. Insiders sold 162,583 shares of company stock valued at $15,565,444 over the last quarter. 28.16% of the stock is owned by company insiders.

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Shares of Scotts Miracle-Gro Company (NYSE SMG) traded up $0.59 during trading hours on Monday, reaching $98.63. 313,300 shares of the company traded hands, compared to its average volume of 427,318. Scotts Miracle-Gro Company has a one year low of $81.48 and a one year high of $102.50. The stock has a market capitalization of $5,810.00, a price-to-earnings ratio of 23.54, a PEG ratio of 2.33 and a beta of 0.37. The company has a debt-to-equity ratio of 1.90, a current ratio of 1.62 and a quick ratio of 0.87.

Scotts Miracle-Gro Company (The) (NYSE:SMG) last announced its earnings results on Tuesday, November 7th. The basic materials company reported ($0.26) earnings per share (EPS) for the quarter, topping the 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 company had revenue of $376.70 million during the quarter, compared to analyst estimates of $368.50 million. During the same period in the previous year, the business earned ($0.30) earnings per share. The firm’s quarterly revenue was up 8.0% compared to the same quarter last year. equities analysts predict that Scotts Miracle-Gro Company will post 4.3 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 8th. Investors of record on Friday, November 24th will be given a $0.53 dividend. The ex-dividend date of this dividend is Wednesday, November 22nd. This represents a $2.12 annualized dividend and a yield of 2.15%. Scotts Miracle-Gro Company (The)’s dividend payout ratio (DPR) is presently 61.27%.

A number of research firms have recently commented on SMG. Bank of America Corporation boosted their price target on shares of Scotts Miracle-Gro Company (The) from $107.00 to $110.00 and gave the company a “buy” rating in a research report on Wednesday, November 8th. SunTrust Banks, Inc. restated a “hold” rating and set a $95.00 price target on shares of Scotts Miracle-Gro Company (The) in a research report on Friday. KeyCorp restated a “hold” rating on shares of Scotts Miracle-Gro Company (The) in a research report on Monday, October 16th. BidaskClub upgraded shares of Scotts Miracle-Gro Company (The) from a “sell” rating to a “hold” rating in a research report on Wednesday, August 2nd. Finally, J P Morgan Chase & Co lowered shares of Scotts Miracle-Gro Company (The) 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. One analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the stock. Scotts Miracle-Gro Company (The) has an average rating of “Hold” and a consensus price target of $101.33.

Scotts Miracle-Gro Company (The) Company Profile

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.

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

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