Clarus Wealth Advisors purchased a new position in shares of Scotts Miracle-Gro Co (NYSE:SMG) during the fourth quarter, HoldingsChannel reports. The institutional investor purchased 1,002 shares of the basic materials company’s stock, valued at approximately $62,000.
Several other institutional investors have also modified their holdings of SMG. Renaissance Technologies LLC purchased a new position in shares of Scotts Miracle-Gro during the 3rd quarter worth $36,767,000. Deutsche Bank AG lifted its stake in shares of Scotts Miracle-Gro by 446.9% during the 3rd quarter. Deutsche Bank AG now owns 382,827 shares of the basic materials company’s stock worth $30,136,000 after purchasing an additional 312,828 shares during the period. Deprince Race & Zollo Inc. purchased a new position in shares of Scotts Miracle-Gro during the 3rd quarter worth $18,377,000. ETF Managers Group LLC purchased a new position in shares of Scotts Miracle-Gro during the 4th quarter worth $10,158,000. Finally, Wells Fargo & Company MN lifted its stake in shares of Scotts Miracle-Gro by 25.3% during the 3rd quarter. Wells Fargo & Company MN now owns 663,861 shares of the basic materials company’s stock worth $52,266,000 after purchasing an additional 133,968 shares during the period. 65.92% of the stock is currently owned by institutional investors.
In related news, Director Katherine Littlefield Hagedorn sold 2,665 shares of the stock in a transaction on Monday, February 4th. The stock was sold at an average price of $74.07, for a total value of $197,396.55. Following the completion of the sale, the director now directly owns 4,035 shares in the company, valued at approximately $298,872.45. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, major shareholder Hagedorn Partnership, L.P. sold 50,000 shares of the stock in a transaction on Monday, January 14th. The shares were sold at an average price of $68.27, for a total value of $3,413,500.00. Following the completion of the sale, the insider now owns 15,602,150 shares of the company’s stock, valued at $1,065,158,780.50. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 62,821 shares of company stock valued at $4,319,988. Insiders own 30.37% of the company’s stock.
SMG stock opened at $77.63 on Thursday. The firm has a market cap of $4.24 billion, a PE ratio of 20.92, a PEG ratio of 1.86 and a beta of 0.86. The company has a debt-to-equity ratio of 8.63, a current ratio of 1.81 and a quick ratio of 0.56. Scotts Miracle-Gro Co has a 52 week low of $57.96 and a 52 week high of $93.00.
Scotts Miracle-Gro (NYSE:SMG) last released its quarterly earnings data on Wednesday, January 30th. The basic materials company reported ($1.39) EPS for the quarter, missing analysts’ consensus estimates of ($1.24) by ($0.15). The firm had revenue of $298.10 million for the quarter, compared to analyst estimates of $287.24 million. Scotts Miracle-Gro had a return on equity of 47.98% and a net margin of 0.19%. The company’s quarterly revenue was up 34.6% on a year-over-year basis. During the same quarter in the previous year, the company earned ($1.08) earnings per share. On average, analysts forecast that Scotts Miracle-Gro Co will post 4.19 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 8th. Stockholders of record on Friday, February 22nd will be issued a dividend of $0.55 per share. The ex-dividend date of this dividend is Thursday, February 21st. This represents a $2.20 dividend on an annualized basis and a dividend yield of 2.83%. Scotts Miracle-Gro’s payout ratio is 59.30%.
ILLEGAL ACTIVITY WARNING: “Clarus Wealth Advisors Purchases New Position in Scotts Miracle-Gro Co (SMG)” was first published by Chaffey Breeze and is the property of of Chaffey Breeze. If you are accessing this story on another website, it was illegally copied and reposted in violation of United States and international copyright law. The original version of this story can be viewed at https://www.chaffeybreeze.com/2019/02/14/clarus-wealth-advisors-purchases-new-position-in-scotts-miracle-gro-co-smg.html.
Scotts Miracle-Gro Profile
The Scotts Miracle-Gro Company manufactures, markets, and sells consumer lawn and garden products in the United States and internatonally. The company operates through three segments: U.S. Consumer, Hawthorne, and Other. It offers lawn care products, such as lawn fertilizers, grass seed products, spreaders, other durable products, and outdoor cleaners, as well as lawn-related weed, pest, and disease control products.
Read More: What is the S&P 500 Index?
Want to see what other hedge funds are holding SMG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Scotts Miracle-Gro Co (NYSE:SMG).
Receive News & Ratings for Scotts Miracle-Gro Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Scotts Miracle-Gro and related companies with MarketBeat.com's FREE daily email newsletter.