Segall Bryant & Hamill LLC Invests $9.34 Million in The Scotts Miracle-Gro Company $SMG

Segall Bryant & Hamill LLC acquired a new position in The Scotts Miracle-Gro Company (NYSE:SMG) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 141,553 shares of the basic materials company’s stock, valued at approximately $9,337,000. Segall Bryant & Hamill LLC owned 0.25% of Scotts Miracle-Gro as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of SMG. American National Bank & Trust acquired a new stake in shares of Scotts Miracle-Gro in the second quarter valued at approximately $28,000. Avalon Trust Co acquired a new stake in Scotts Miracle-Gro in the 1st quarter valued at approximately $41,000. Byrne Asset Management LLC acquired a new stake in Scotts Miracle-Gro in the 2nd quarter valued at approximately $45,000. Spire Wealth Management raised its stake in Scotts Miracle-Gro by 32.1% during the 2nd quarter. Spire Wealth Management now owns 725 shares of the basic materials company’s stock valued at $48,000 after acquiring an additional 176 shares in the last quarter. Finally, First Horizon Advisors Inc. boosted its position in Scotts Miracle-Gro by 835.1% during the 2nd quarter. First Horizon Advisors Inc. now owns 907 shares of the basic materials company’s stock worth $60,000 after acquiring an additional 810 shares during the period. Institutional investors own 74.07% of the company’s stock.

Insiders Place Their Bets

In related news, EVP Mark J. Scheiwer purchased 1,790 shares of the company’s stock in a transaction that occurred on Wednesday, September 3rd. The shares were purchased at an average price of $61.32 per share, with a total value of $109,762.80. Following the purchase, the executive vice president owned 10,130 shares of the company’s stock, valued at $621,171.60. This trade represents a 21.46% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Hagedorn Partnership, L.P. sold 56,633 shares of the business’s stock in a transaction dated Friday, September 5th. The stock was sold at an average price of $63.02, for a total value of $3,569,011.66. Following the sale, the director owned 13,217,641 shares in the company, valued at approximately $832,975,735.82. The trade was a 0.43% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 25.37% of the company’s stock.

Scotts Miracle-Gro Price Performance

SMG stock opened at $53.36 on Monday. The Scotts Miracle-Gro Company has a 12 month low of $45.61 and a 12 month high of $83.55. The firm has a market cap of $3.08 billion, a PE ratio of 70.21 and a beta of 1.98. The firm has a 50 day simple moving average of $56.29 and a 200 day simple moving average of $60.69.

Scotts Miracle-Gro (NYSE:SMG) last posted its quarterly earnings results on Wednesday, November 5th. The basic materials company reported ($1.96) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.88) by ($0.08). Scotts Miracle-Gro had a negative return on equity of 60.46% and a net margin of 1.54%.The business had revenue of $387.40 million during the quarter, compared to analyst estimates of $396.75 million. During the same quarter last year, the firm posted ($2.31) EPS. The company’s quarterly revenue was down 6.6% compared to the same quarter last year. Scotts Miracle-Gro has set its FY 2025 guidance at 4.150-4.350 EPS. As a group, sell-side analysts expect 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 announced a quarterly dividend, which will be paid on Friday, December 5th. Stockholders of record on Friday, November 21st will be issued a dividend of $0.66 per share. This represents a $2.64 annualized dividend and a dividend yield of 4.9%. The ex-dividend date of this dividend is Friday, November 21st. Scotts Miracle-Gro’s dividend payout ratio is currently 109.09%.

Analyst Ratings Changes

SMG has been the topic of a number of research analyst reports. Zacks Research lowered Scotts Miracle-Gro from a “strong-buy” rating to a “hold” rating in a report on Friday, September 19th. UBS Group lowered their target price on shares of Scotts Miracle-Gro from $62.00 to $61.00 and set a “neutral” rating on the stock in a research note on Thursday, November 6th. Wells Fargo & Company dropped their price target on shares of Scotts Miracle-Gro from $75.00 to $67.00 and set an “overweight” rating on the stock in a research report on Thursday, September 25th. Stifel Nicolaus set a $70.00 price objective on shares of Scotts Miracle-Gro and gave the company a “buy” rating in a report on Thursday, November 6th. Finally, Jefferies Financial Group raised their price objective on shares of Scotts Miracle-Gro from $71.00 to $74.00 and gave the company a “buy” rating in a research note on Wednesday, November 5th. Five research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $69.50.

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.