The Scotts Miracle-Gro Company (NYSE:SMG) Shares Sold by Greenwood Capital Associates LLC

Greenwood Capital Associates LLC decreased its position in The Scotts Miracle-Gro Company (NYSE:SMGFree Report) by 1.5% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 12,057 shares of the basic materials company’s stock after selling 181 shares during the period. Greenwood Capital Associates LLC’s holdings in Scotts Miracle-Gro were worth $769,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Vanguard Group Inc. grew its holdings in Scotts Miracle-Gro by 0.8% in the third quarter. Vanguard Group Inc. now owns 4,640,383 shares of the basic materials company’s stock valued at $239,815,000 after purchasing an additional 35,002 shares during the last quarter. Earnest Partners LLC lifted its position in shares of Scotts Miracle-Gro by 4.2% in the third quarter. Earnest Partners LLC now owns 2,711,024 shares of the basic materials company’s stock valued at $140,106,000 after acquiring an additional 108,593 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its position 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 during the period. Northern Trust Corp lifted its position in Scotts Miracle-Gro by 13.3% during the third quarter. Northern Trust Corp now owns 1,011,906 shares of the basic materials company’s stock worth $52,295,000 after buying an additional 119,115 shares during the period. Finally, Envestnet Asset Management Inc. lifted its position in Scotts Miracle-Gro by 62.9% during the third quarter. Envestnet Asset Management Inc. now owns 595,995 shares of the basic materials company’s stock worth $30,801,000 after buying an additional 230,155 shares during the period. Institutional investors and hedge funds own 74.07% of the company’s stock.

Insider Buying and Selling at Scotts Miracle-Gro

In other Scotts Miracle-Gro news, Director Hagedorn Partnership, L.P. sold 31,000 shares of Scotts Miracle-Gro stock in a transaction on Tuesday, May 7th. The stock was sold at an average price of $69.67, for a total transaction of $2,159,770.00. Following the sale, the director now owns 13,746,012 shares of the company’s stock, valued at approximately $957,684,656.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 26.46% of the stock is owned by company insiders.

Analyst Ratings Changes

Several equities analysts recently weighed in on SMG shares. JPMorgan Chase & Co. increased their target price on Scotts Miracle-Gro from $70.00 to $85.00 and gave the stock an “overweight” rating in a research report on Friday, April 5th. Stifel Nicolaus upped their price target on Scotts Miracle-Gro from $55.00 to $65.00 and gave the stock a “hold” rating in a research note on Monday, March 4th. Raymond James restated a “market perform” rating on shares of Scotts Miracle-Gro in a research note on Monday, March 25th. Truist Financial lowered Scotts Miracle-Gro from a “buy” rating to a “hold” rating and increased their target price for the company from $65.00 to $75.00 in a research note on Friday, April 5th. Finally, Wells Fargo & Company lowered their price objective on Scotts Miracle-Gro from $85.00 to $83.00 and set an “overweight” rating for the company in a research note on Thursday, May 2nd. Five equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $73.00.

Get Our Latest Analysis on Scotts Miracle-Gro

Scotts Miracle-Gro Stock Down 2.1 %

NYSE:SMG traded down $1.44 during trading hours on Friday, reaching $66.38. 563,302 shares of the stock were exchanged, compared to its average volume of 861,009. The stock has a market capitalization of $3.77 billion, a P/E ratio of -10.64 and a beta of 1.77. The Scotts Miracle-Gro Company has a 52 week low of $43.67 and a 52 week high of $77.95. The firm has a 50 day simple moving average of $68.27 and a 200-day simple moving average of $64.56.

Scotts Miracle-Gro (NYSE:SMGGet Free Report) last announced its quarterly earnings results on Wednesday, May 1st. The basic materials company reported $3.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.33 by $0.36. The business had revenue of $1.53 billion for the quarter, compared to the consensus estimate of $1.50 billion. Scotts Miracle-Gro had a negative return on equity of 20.97% and a negative net margin of 10.14%. The business’s revenue was down .4% on a year-over-year basis. During the same quarter last year, the business posted $3.78 EPS. As a group, analysts expect that The Scotts Miracle-Gro Company will post 2.56 earnings per share for the current year.

Scotts Miracle-Gro Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 7th. Shareholders of record on Friday, May 24th were paid a dividend of $0.66 per share. This represents a $2.64 annualized dividend and a yield of 3.98%. The ex-dividend date of this dividend was Thursday, May 23rd. Scotts Miracle-Gro’s payout ratio is currently -42.31%.

About Scotts Miracle-Gro

(Free Report)

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.

See Also

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

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