Fieldview Capital Management LLC Sells 21,744 Shares of The Scotts Miracle-Gro Company $SMG

Fieldview Capital Management LLC cut its holdings in shares of The Scotts Miracle-Gro Company (NYSE:SMG) by 51.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 20,334 shares of the basic materials company’s stock after selling 21,744 shares during the quarter. Fieldview Capital Management LLC’s holdings in Scotts Miracle-Gro were worth $1,158,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of SMG. State Street Corp increased its position in Scotts Miracle-Gro by 1.1% during the second quarter. State Street Corp now owns 1,522,093 shares of the basic materials company’s stock worth $100,397,000 after acquiring an additional 16,298 shares during the period. Captrust Financial Advisors boosted its holdings in Scotts Miracle-Gro by 12,034.5% in the 2nd quarter. Captrust Financial Advisors now owns 1,008,623 shares of the basic materials company’s stock valued at $66,529,000 after purchasing an additional 1,000,311 shares during the period. Ameriprise Financial Inc. boosted its holdings in Scotts Miracle-Gro by 163.0% in the 2nd quarter. Ameriprise Financial Inc. now owns 899,690 shares of the basic materials company’s stock valued at $59,344,000 after purchasing an additional 557,647 shares during the period. AQR Capital Management LLC grew its position in Scotts Miracle-Gro by 458.7% in the 2nd quarter. AQR Capital Management LLC now owns 822,743 shares of the basic materials company’s stock worth $54,268,000 after purchasing an additional 675,493 shares during the last quarter. Finally, Geode Capital Management LLC grew its position in Scotts Miracle-Gro by 0.4% in the 2nd quarter. Geode Capital Management LLC now owns 750,504 shares of the basic materials company’s stock worth $49,511,000 after purchasing an additional 2,964 shares during the last quarter. 74.07% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Scotts Miracle-Gro in a research report on Wednesday, January 21st. Stifel Nicolaus lifted their target price on Scotts Miracle-Gro from $70.00 to $79.00 and gave the stock a “buy” rating in a research report on Tuesday, March 3rd. UBS Group set a $67.00 price target on Scotts Miracle-Gro in a research note on Thursday, January 29th. Finally, Wells Fargo & Company reaffirmed an “overweight” rating on shares of Scotts Miracle-Gro in a report on Tuesday, February 17th. Five investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $72.50.

Insider Activity at Scotts Miracle-Gro

In related news, Director Hagedorn Partnership, L.P. sold 50,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 12th. The stock was sold at an average price of $66.40, for a total transaction of $3,320,000.00. Following the completion of the transaction, the director owned 13,167,641 shares in the company, valued at $874,331,362.40. This trade represents a 0.38% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Mark J. Scheiwer purchased 693 shares of the firm’s stock in a transaction that occurred on Tuesday, February 24th. The stock was bought at an average cost of $71.44 per share, for a total transaction of $49,507.92. Following the purchase, the executive vice president owned 15,370 shares in the company, valued at $1,098,032.80. This represents a 4.72% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Corporate insiders own 24.40% of the company’s stock.

Scotts Miracle-Gro Stock Performance

Shares of SMG stock opened at $64.34 on Tuesday. The Scotts Miracle-Gro Company has a 52-week low of $45.61 and a 52-week high of $72.35. The stock has a market cap of $3.73 billion, a price-to-earnings ratio of 43.77 and a beta of 1.96. The firm has a fifty day moving average of $64.91 and a 200-day moving average of $59.97.

Scotts Miracle-Gro (NYSE:SMG) last released its quarterly earnings data on Wednesday, January 28th. The basic materials company reported ($0.77) EPS for the quarter, topping analysts’ consensus estimates of ($1.04) by $0.27. The company had revenue of $354.40 million during the quarter, compared to the consensus estimate of $353.25 million. Scotts Miracle-Gro had a net margin of 2.68% and a negative return on equity of 68.59%. The firm’s revenue for the quarter was down 3.3% compared to the same quarter last year. During the same period last year, the firm earned ($0.89) EPS. Scotts Miracle-Gro has set its FY 2026 guidance at 4.150-4.35 EPS. On average, sell-side analysts predict that The Scotts Miracle-Gro Company will post 3.42 earnings per share for the current year.

Scotts Miracle-Gro Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 6th. Shareholders of record on Friday, February 20th were issued a dividend of $0.66 per share. This represents a $2.64 dividend on an annualized basis and a yield of 4.1%. The ex-dividend date of this dividend was Friday, February 20th. Scotts Miracle-Gro’s payout ratio is presently 179.59%.

Scotts Miracle-Gro Company Profile

Scotts Miracle-Gro Company is a leading developer, manufacturer and distributor of consumer lawn and garden products. The firm serves both retail and professional customers through an array of branded offerings that include lawn fertilizers, grass seed, pest and disease control solutions, plant foods and specialty products for indoor and outdoor gardening. Its portfolio spans well-known names such as Scotts®, Miracle-Gro®, Ortho® and various hydroponic and specialty garden brands.

Headquartered in Marysville, Ohio, the company traces its roots to O.M.