The Scotts Miracle-Gro Company (NYSE:SMG) Shares Sold by Leeward Investments LLC MA

Leeward Investments LLC MA reduced its stake in The Scotts Miracle-Gro Company (NYSE:SMG) by 2.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 59,142 shares of the basic materials company’s stock after selling 1,592 shares during the period. Leeward Investments LLC MA owned 0.10% of Scotts Miracle-Gro worth $3,770,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Pinnacle Associates Ltd. boosted its stake in Scotts Miracle-Gro by 3.7% in the fourth quarter. Pinnacle Associates Ltd. now owns 7,000 shares of the basic materials company’s stock valued at $446,000 after acquiring an additional 250 shares during the period. DAVENPORT & Co LLC raised its holdings in shares of Scotts Miracle-Gro by 1.6% during the third quarter. DAVENPORT & Co LLC now owns 16,606 shares of the basic materials company’s stock valued at $858,000 after buying an additional 259 shares during the last quarter. Covestor Ltd raised its holdings in shares of Scotts Miracle-Gro by 23.7% during the third quarter. Covestor Ltd now owns 1,376 shares of the basic materials company’s stock valued at $71,000 after buying an additional 264 shares during the last quarter. Kestra Private Wealth Services LLC raised its holdings in shares of Scotts Miracle-Gro by 6.9% during the third quarter. Kestra Private Wealth Services LLC now owns 4,501 shares of the basic materials company’s stock valued at $233,000 after buying an additional 290 shares during the last quarter. Finally, Mariner LLC raised its holdings in shares of Scotts Miracle-Gro by 3.3% during the third quarter. Mariner LLC now owns 11,700 shares of the basic materials company’s stock valued at $605,000 after buying an additional 371 shares during the last quarter. 74.07% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

SMG has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. lifted their price target on Scotts Miracle-Gro from $70.00 to $85.00 and gave the company an “overweight” rating in a report on Friday, April 5th. Truist Financial cut Scotts Miracle-Gro from a “buy” rating to a “hold” rating and boosted their target price for the stock from $65.00 to $75.00 in a report on Friday, April 5th. StockNews.com raised Scotts Miracle-Gro from a “sell” rating to a “hold” rating in a report on Thursday, April 4th. Stifel Nicolaus boosted their target price on Scotts Miracle-Gro from $55.00 to $65.00 and gave the stock a “hold” rating in a report on Monday, March 4th. Finally, Raymond James reaffirmed a “market perform” rating on shares of Scotts Miracle-Gro in a report on Monday, March 25th. Five research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, Scotts Miracle-Gro presently has an average rating of “Hold” and an average price target of $70.00.

Scotts Miracle-Gro Stock Up 0.1 %

Shares of Scotts Miracle-Gro stock traded up $0.09 on Friday, hitting $67.75. 627,419 shares of the company traded hands, compared to its average volume of 732,463. The company has a 50-day moving average price of $67.96 and a 200 day moving average price of $60.39. The Scotts Miracle-Gro Company has a 12-month low of $43.67 and a 12-month high of $77.95. The company has a market cap of $3.84 billion, a PE ratio of -9.62 and a beta of 1.70.

Scotts Miracle-Gro (NYSE:SMG) last posted its quarterly earnings results on Wednesday, February 7th. The basic materials company reported ($1.45) EPS for the quarter, beating the consensus estimate of ($1.62) by $0.17. Scotts Miracle-Gro had a negative net margin of 11.52% and a negative return on equity of 44.37%. The business had revenue of $410.40 million for the quarter, compared to analysts’ expectations of $412.83 million. During the same period in the previous year, the company posted ($1.02) EPS. Scotts Miracle-Gro’s revenue was down 22.1% on a year-over-year basis. Equities research analysts anticipate that The Scotts Miracle-Gro Company will post 2.69 EPS for the current year.

Scotts Miracle-Gro Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 7th. Stockholders of record on Friday, May 24th will be issued a dividend of $0.66 per share. This represents a $2.64 annualized dividend and a dividend yield of 3.90%. The ex-dividend date is Thursday, May 23rd. Scotts Miracle-Gro’s dividend payout ratio is currently -37.50%.

Insider Activity at Scotts Miracle-Gro

In related news, Director Hagedorn Partnership, L.P. sold 86,356 shares of Scotts Miracle-Gro stock in a transaction on Monday, March 4th. The shares were sold at an average price of $65.41, for a total value of $5,648,545.96. Following the completion of the sale, the director now owns 13,777,012 shares of the company’s stock, valued at approximately $901,154,354.92. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Scotts Miracle-Gro news, Director Stephen L. Johnson sold 1,394 shares of the business’s stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $57.35, for a total transaction of $79,945.90. Following the completion of the transaction, the director now owns 22,918 shares of the company’s stock, valued at approximately $1,314,347.30. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Hagedorn Partnership, L.P. sold 86,356 shares of the business’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of $65.41, for a total transaction of $5,648,545.96. Following the transaction, the director now directly owns 13,777,012 shares of the company’s stock, valued at approximately $901,154,354.92. The disclosure for this sale can be found here. In the last 90 days, insiders sold 102,750 shares of company stock valued at $6,604,492. Insiders own 26.46% of the company’s stock.

Scotts Miracle-Gro 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.