Northwestern Mutual Wealth Management Co. Buys 1,033 Shares of The Scotts Miracle-Gro Company (NYSE:SMG)

Northwestern Mutual Wealth Management Co. increased its stake in The Scotts Miracle-Gro Company (NYSE:SMG) by 41.0% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 3,553 shares of the basic materials company’s stock after purchasing an additional 1,033 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Scotts Miracle-Gro were worth $231,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Price T Rowe Associates Inc. MD grew its stake in Scotts Miracle-Gro by 1.2% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 2,183,932 shares of the basic materials company’s stock worth $139,226,000 after buying an additional 25,863 shares in the last quarter. Wellington Management Group LLP boosted its position in shares of Scotts Miracle-Gro by 2.4% during the 4th quarter. Wellington Management Group LLP now owns 77,564 shares of the basic materials company’s stock worth $4,945,000 after acquiring an additional 1,807 shares in the last quarter. Cullen Investment Group LTD. increased its stake in Scotts Miracle-Gro by 3.7% in the first quarter. Cullen Investment Group LTD. now owns 13,393 shares of the basic materials company’s stock valued at $969,000 after acquiring an additional 482 shares during the last quarter. Compass Wealth Management LLC raised its position in Scotts Miracle-Gro by 17.9% during the first quarter. Compass Wealth Management LLC now owns 59,936 shares of the basic materials company’s stock valued at $4,471,000 after purchasing an additional 9,083 shares in the last quarter. Finally, Rise Advisors LLC lifted its stake in Scotts Miracle-Gro by 135.2% during the first quarter. Rise Advisors LLC now owns 334 shares of the basic materials company’s stock worth $25,000 after purchasing an additional 192 shares during the last quarter. Institutional investors and hedge funds own 74.07% of the company’s stock.

Insider Transactions at Scotts Miracle-Gro

In related news, Director Stephen L. Johnson sold 960 shares of the firm’s stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $77.95, for a total transaction of $74,832.00. Following the completion of the transaction, the director now directly owns 22,940 shares of the company’s stock, valued at $1,788,173. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other news, major shareholder Hagedorn Partnership, L.P. sold 85,130 shares of the stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $70.93, for a total transaction of $6,038,270.90. Following the completion of the sale, the insider now directly owns 13,608,238 shares in the company, valued at $965,232,321.34. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Stephen L. Johnson sold 960 shares of the business’s stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $77.95, for a total transaction of $74,832.00. Following the completion of the transaction, the director now owns 22,940 shares in the company, valued at approximately $1,788,173. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 89,078 shares of company stock worth $6,325,042. Company insiders own 26.46% of the company’s stock.

Scotts Miracle-Gro Stock Down 0.1 %

NYSE SMG opened at $85.21 on Thursday. The company has a market cap of $4.84 billion, a price-to-earnings ratio of -13.66 and a beta of 1.76. The Scotts Miracle-Gro Company has a twelve month low of $43.67 and a twelve month high of $88.35. The business’s fifty day moving average is $74.17 and its 200 day moving average is $70.17.

Scotts Miracle-Gro (NYSE:SMG) last released its quarterly earnings results on Wednesday, July 31st. The basic materials company reported $2.31 earnings per share for the quarter, topping the consensus estimate of $1.89 by $0.42. The company had revenue of $1.20 billion for the quarter, compared to analysts’ expectations of $1.20 billion. Scotts Miracle-Gro had a negative return on equity of 41.19% and a negative net margin of 7.38%. The business’s quarterly revenue was up 7.5% compared to the same quarter last year. During the same period in the previous year, the business posted $1.17 earnings per share. On average, research analysts anticipate that The Scotts Miracle-Gro Company will post 2.62 earnings per share for the current fiscal year.

Scotts Miracle-Gro Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 6th. Stockholders of record on Friday, August 23rd were paid a dividend of $0.66 per share. This represents a $2.64 annualized dividend and a dividend yield of 3.10%. The ex-dividend date of this dividend was Friday, August 23rd. Scotts Miracle-Gro’s payout ratio is currently -42.31%.

Analyst Ratings Changes

Several brokerages have recently issued reports on SMG. Stifel Nicolaus lifted their price target on Scotts Miracle-Gro from $70.00 to $75.00 and gave the company a “hold” rating in a research note on Friday, August 2nd. Wells Fargo & Company lifted their target price on Scotts Miracle-Gro from $75.00 to $85.00 and gave the company an “overweight” rating in a research report on Thursday, August 1st. Four analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $80.00.

Scotts Miracle-Gro Company Profile

The Scotts Miracle-Gro Company, together with its subsidiaries, manufactures, markets, and sells products for lawn, garden care, and indoor and hydroponic gardening in the United States and internationally. It operates through three segments: U.S. Consumer, Hawthorne, and Other. The company provides lawn care products, comprising lawn fertilizers, grass seed products, spreaders, and other durable products, as well as lawn-related weed, pest, and disease control products; and gardening and landscape products, which include water-soluble and continuous-release plant foods, potting mixes, garden soils, mulches and ground cover products, plant-related pest and disease control products, organic garden products, and live goods and seeding solutions.