UBS Asset Management Americas Inc. Increases Holdings in Scotts Miracle-Gro Company (The) (SMG)

UBS Asset Management Americas Inc. raised its position in Scotts Miracle-Gro Company (The) (NYSE:SMG) by 18.8% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 33,394 shares of the basic materials company’s stock after acquiring an additional 5,287 shares during the period. UBS Asset Management Americas Inc. owned approximately 0.06% of Scotts Miracle-Gro Company (The) worth $2,987,000 as of its most recent filing with the SEC.

Other institutional investors have also recently made changes to their positions in the company. FNY Managed Accounts LLC acquired a new stake in Scotts Miracle-Gro Company (The) in the first quarter valued at approximately $103,000. Almanack Investment Partners LLC. acquired a new stake in Scotts Miracle-Gro Company (The) in the second quarter valued at approximately $132,000. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Scotts Miracle-Gro Company (The) by 7.5% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,664 shares of the basic materials company’s stock valued at $149,000 after acquiring an additional 116 shares during the period. Delta Asset Management LLC TN grew its stake in Scotts Miracle-Gro Company (The) by 3.8% in the second quarter. Delta Asset Management LLC TN now owns 2,025 shares of the basic materials company’s stock valued at $181,000 after acquiring an additional 75 shares during the period. Finally, Creative Planning grew its stake in Scotts Miracle-Gro Company (The) by 44.5% in the second quarter. Creative Planning now owns 2,097 shares of the basic materials company’s stock valued at $188,000 after acquiring an additional 646 shares during the period. 69.07% of the stock is owned by hedge funds and other institutional investors.

In related news, Chairman James Hagedorn sold 92,357 shares of the company’s stock in a transaction that occurred on Tuesday, August 15th. The stock was sold at an average price of $96.41, for a total value of $8,904,138.37. Following the sale, the chairman now owns 115,867 shares in the company, valued at approximately $11,170,737.47. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Thomas Randal Coleman sold 1,226 shares of the company’s stock in a transaction that occurred on Thursday, October 5th. The stock was sold at an average price of $99.67, for a total value of $122,195.42. The disclosure for this sale can be found here. Insiders have sold a total of 256,085 shares of company stock worth $24,486,888 in the last quarter. Company insiders own 28.16% of the company’s stock.

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Scotts Miracle-Gro Company (The) (NYSE:SMG) last posted its earnings results on Tuesday, August 1st. The basic materials company reported $2.63 earnings per share for the quarter, topping analysts’ consensus estimates of $2.51 by $0.12. Scotts Miracle-Gro Company (The) had a return on equity of 36.28% and a net margin of 7.85%. The firm had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.06 billion. During the same quarter in the prior year, the business earned $2.16 EPS. The business’s revenue for the quarter was up 8.5% on a year-over-year basis.

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

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.

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

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