Interval Partners LP Trims Holdings in The Scotts Miracle-Gro Company $SMG

Interval Partners LP reduced its position in shares of The Scotts Miracle-Gro Company (NYSE:SMG) by 65.6% during the 3rd quarter, Holdings Channel.com reports. The firm owned 442,776 shares of the basic materials company’s stock after selling 844,424 shares during the quarter. Interval Partners LP’s holdings in Scotts Miracle-Gro were worth $25,216,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of SMG. Caption Management LLC acquired a new position in shares of Scotts Miracle-Gro in the third quarter valued at approximately $2,039,000. iSAM Funds UK Ltd purchased a new position in shares of Scotts Miracle-Gro during the third quarter valued at approximately $738,000. Wellington Management Group LLP boosted its position in Scotts Miracle-Gro by 3.2% during the third quarter. Wellington Management Group LLP now owns 205,513 shares of the basic materials company’s stock worth $11,704,000 after acquiring an additional 6,342 shares during the last quarter. Quinn Opportunity Partners LLC grew its stake in Scotts Miracle-Gro by 34.2% in the 3rd quarter. Quinn Opportunity Partners LLC now owns 44,404 shares of the basic materials company’s stock worth $2,529,000 after acquiring an additional 11,304 shares during the period. Finally, Landscape Capital Management L.L.C. grew its stake in Scotts Miracle-Gro by 276.5% in the 3rd quarter. Landscape Capital Management L.L.C. now owns 250,766 shares of the basic materials company’s stock worth $14,281,000 after acquiring an additional 184,170 shares during the period. 74.07% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Scotts Miracle-Gro

In other news, EVP Mark J. Scheiwer purchased 693 shares of the company’s stock in a transaction 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 completion of the purchase, the executive vice president directly owned 15,370 shares of the company’s stock, valued at $1,098,032.80. The trade was a 4.72% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Hagedorn Partnership, L.P. sold 50,000 shares of the firm’s stock in a transaction dated Thursday, February 12th. The stock was sold at an average price of $66.40, for a total value of $3,320,000.00. Following the completion of the transaction, the director owned 13,167,641 shares in the company, valued at approximately $874,331,362.40. This trade represents a 0.38% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 24.40% of the stock is currently owned by insiders.

Scotts Miracle-Gro Stock Up 2.2%

NYSE:SMG opened at $60.98 on Friday. The company has a market cap of $3.54 billion, a P/E ratio of 41.48 and a beta of 1.96. The firm’s 50 day moving average is $65.17 and its two-hundred day moving average is $59.98. The Scotts Miracle-Gro Company has a fifty-two week low of $45.61 and a fifty-two week high of $72.35.

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

Scotts Miracle-Gro Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 6th. Shareholders of record on Friday, February 20th were given a dividend of $0.66 per share. This represents a $2.64 dividend on an annualized basis and a yield of 4.3%. The ex-dividend date of this dividend was Friday, February 20th. Scotts Miracle-Gro’s payout ratio is 179.59%.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on SMG shares. Wells Fargo & Company reissued an “overweight” rating on shares of Scotts Miracle-Gro in a research note on Tuesday, February 17th. UBS Group set a $67.00 price objective on Scotts Miracle-Gro in a research report on Thursday, January 29th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Scotts Miracle-Gro in a research note on Wednesday, January 21st. Finally, Stifel Nicolaus raised their price target on Scotts Miracle-Gro from $70.00 to $79.00 and gave the stock a “buy” rating in a research note on Tuesday, March 3rd. Five 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 presently has a consensus rating of “Moderate Buy” and an average price target of $72.50.

Scotts Miracle-Gro 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.