Scotts Miracle-Gro Company (The) (SMG) Shares Sold by Renaissance Technologies LLC

Renaissance Technologies LLC cut its position in shares of Scotts Miracle-Gro Company (The) (NYSE:SMG) by 0.3% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 257,151 shares of the basic materials company’s stock after selling 649 shares during the period. Renaissance Technologies LLC owned about 0.43% of Scotts Miracle-Gro Company (The) worth $23,005,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Vanguard Group Inc. raised its position in Scotts Miracle-Gro Company (The) by 1.0% during the 2nd quarter. Vanguard Group Inc. now owns 3,882,566 shares of the basic materials company’s stock valued at $347,335,000 after purchasing an additional 39,851 shares in the last quarter. BlackRock Inc. raised its position in Scotts Miracle-Gro Company (The) by 4,283.1% during the 1st quarter. BlackRock Inc. now owns 3,698,839 shares of the basic materials company’s stock valued at $345,434,000 after purchasing an additional 3,614,451 shares in the last quarter. State Street Corp raised its position in Scotts Miracle-Gro Company (The) by 1.2% during the 1st quarter. State Street Corp now owns 1,166,072 shares of the basic materials company’s stock valued at $108,897,000 after purchasing an additional 13,422 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC raised its position in Scotts Miracle-Gro Company (The) by 7.3% during the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 889,383 shares of the basic materials company’s stock valued at $79,565,000 after purchasing an additional 60,308 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its position in Scotts Miracle-Gro Company (The) by 4.4% during the 2nd quarter. Bank of New York Mellon Corp now owns 711,598 shares of the basic materials company’s stock valued at $63,660,000 after purchasing an additional 29,782 shares in the last quarter. 69.07% of the stock is owned by institutional investors and hedge funds.

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In other news, EVP Denise Stump sold 22,615 shares of the stock in a transaction on Monday, July 24th. The stock was sold at an average price of $95.05, for a total value of $2,149,555.75. Following the sale, the executive vice president now directly owns 19,444 shares in the company, valued at $1,848,152.20. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Michelle A. Johnson sold 470 shares of the stock in a transaction on Monday, August 14th. The shares were sold at an average price of $96.40, for a total value of $45,308.00. Following the completion of the sale, the director now owns 8,074 shares in the company, valued at $778,333.60. The disclosure for this sale can be found here. Over the last quarter, insiders sold 256,085 shares of company stock worth $24,486,888. Insiders own 28.16% of the company’s stock.

SMG has been the subject of a number of research analyst reports. KeyCorp reaffirmed a “hold” rating on shares of Scotts Miracle-Gro Company (The) in a research report on Monday, August 28th. Zacks Investment Research raised Scotts Miracle-Gro Company (The) from a “sell” rating to a “hold” rating in a research report on Saturday, August 5th. Finally, BidaskClub raised Scotts Miracle-Gro Company (The) from a “sell” rating to a “hold” rating in a research report on Wednesday, August 2nd. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $100.00.

Scotts Miracle-Gro Company (NYSE SMG) opened at 97.03 on Wednesday. The stock has a 50 day moving average price of $95.97 and a 200 day moving average price of $92.78. The company has a market capitalization of $5.67 billion, a price-to-earnings ratio of 26.18 and a beta of 0.39. Scotts Miracle-Gro Company has a 52-week low of $81.48 and a 52-week high of $99.99.

Scotts Miracle-Gro Company (The) (NYSE:SMG) last announced its quarterly earnings data on Tuesday, August 1st. The basic materials company reported $2.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.51 by $0.12. The business had revenue of $1.08 billion for the quarter, compared to analysts’ expectations of $1.06 billion. Scotts Miracle-Gro Company (The) had a return on equity of 36.28% and a net margin of 7.85%. The company’s revenue for the quarter was up 8.5% compared to the same quarter last year. During the same period last year, the firm earned $2.16 earnings per share. On average, equities analysts expect that Scotts Miracle-Gro Company will post $4.08 earnings per share for the current year.

Scotts Miracle-Gro Company (The) 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.

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

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