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RWC Asset Management LLP decreased its holdings in shares of The Scotts Miracle-Gro Company (NYSE:SMG – Free Report) by 89.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,814 shares of the basic materials company’s stock after selling 63,441 shares during the quarter. RWC Asset Management LLP’s holdings in Scotts Miracle-Gro were worth $404,000 at the end of the most recent quarter. Several other hedge funds and other institutional investors also recently modified their holdings of SMG. Shares rose 1.2%, closing at $61.86.

Scotts Miracle-Gro last announced its quarterly earnings results on Wednesday, November 1st. The basic materials company reported ($2.77) EPS for the quarter, topping analysts’ consensus estimates of ($2.83) by $0.06. Scotts Miracle-Gro had a positive return on equity of 421.70% and a negative net margin of 10.70%. The company had revenue of $374.50 million during the quarter, compared to analyst estimates of $332.16 million. As a group, equities research analysts forecast that The Scotts Miracle-Gro Company will post 2.65 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 8th. Shareholders of record on Monday, November 27th were given a dividend of $0.66 per share. This represents a $2.64 annualized dividend and a yield of 4.27%. The ex-dividend date was Friday, November 24th. Scotts Miracle-Gro’s dividend payout ratio is currently -38.88%.

In other Scotts Miracle-Gro news, CEO James Hagedorn sold 64,260 shares of the firm’s stock in a transaction on Thursday, November 2nd, including other related insider transactions. Also, SVP Julie Demuesy sold 2,109 shares of Scotts Miracle-Gro stock in a transaction dated Monday, November 20th. The stock was sold at an average price of $56.72, for a total value of $119,622.48. 26.46% of the stock is currently owned by company insiders.



Read more: RWC Asset Management LLP Cuts Stock Holdings in The Scotts Miracle-Gro Company (NYSE:SMG)