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The Scotts Miracle-Gro Company (NYSE:SMG – Get Free Report) Director Hagedorn Partnership, L.P. sold 56,633 shares of Scotts Miracle-Gro stock in a transaction that occurred on Friday, September 5th. The shares were sold at an average price of $63.02, for a total value of $3,569,011.66. Following the completion of the sale, the director owned 13,217,641 shares in the company, valued at approximately $832,975,735.82. This trade represents a 0.43% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.
Hagedorn Partnership, L.P. also recently made the following trade(s):
- On Monday, August 4th, Hagedorn Partnership, L.P. sold 70,000 shares of Scotts Miracle-Gro stock. The shares were sold at an average price of $62.28, for a total value of $4,359,600.00.
Scotts Miracle-Gro Price Performance
Scotts Miracle-Gro stock opened at $62.42 on Tuesday. The Scotts Miracle-Gro Company has a 1-year low of $45.61 and a 1-year high of $93.90. The company has a market cap of $3.60 billion, a PE ratio of 82.13 and a beta of 1.98. The stock’s 50 day moving average price is $64.51 and its 200 day moving average price is $60.33.
Scotts Miracle-Gro (NYSE:SMG – Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The basic materials company reported $2.59 earnings per share for the quarter, beating analysts’ consensus estimates of $2.19 by $0.40. Scotts Miracle-Gro had a negative return on equity of 60.46% and a net margin of 1.54%.The firm had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.23 billion. During the same period in the previous year, the business earned $2.31 earnings per share. The company’s revenue for the quarter was down 1.2% compared to the same quarter last year. Scotts Miracle-Gro has set its FY 2025 guidance at 3.500- EPS. On average, equities research analysts anticipate that The Scotts Miracle-Gro Company will post 3.42 EPS for the current fiscal year.
Scotts Miracle-Gro Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Friday, September 5th. Shareholders of record on Friday, August 22nd were given a dividend of $0.66 per share. This represents a $2.64 dividend on an annualized basis and a yield of 4.2%. The ex-dividend date was Friday, August 22nd. Scotts Miracle-Gro’s payout ratio is presently 347.37%.
Analyst Upgrades and Downgrades
SMG has been the topic of a number of research analyst reports. Stifel Nicolaus decreased their target price on Scotts Miracle-Gro from $71.00 to $70.00 and set a “hold” rating on the stock in a research report on Monday, August 4th. UBS Group set a $68.00 target price on Scotts Miracle-Gro and gave the stock a “neutral” rating in a research report on Thursday, July 31st. Wells Fargo & Company boosted their target price on Scotts Miracle-Gro from $72.00 to $75.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 9th. Wall Street Zen downgraded Scotts Miracle-Gro from a “buy” rating to a “hold” rating in a research report on Friday. Finally, Zacks Research upgraded Scotts Miracle-Gro from a “hold” rating to a “strong-buy” rating in a research report on Thursday, August 21st. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, Scotts Miracle-Gro presently has a consensus rating of “Moderate Buy” and a consensus target price of $71.17.
Check Out Our Latest Stock Report on Scotts Miracle-Gro
Hedge Funds Weigh In On Scotts Miracle-Gro
Institutional investors have recently added to or reduced their stakes in the business. Oppenheimer & Co. Inc. increased its stake in Scotts Miracle-Gro by 21.9% in the first quarter. Oppenheimer & Co. Inc. now owns 3,819 shares of the basic materials company’s stock valued at $210,000 after purchasing an additional 685 shares during the last quarter. GAMMA Investing LLC increased its stake in Scotts Miracle-Gro by 31.6% in the first quarter. GAMMA Investing LLC now owns 1,614 shares of the basic materials company’s stock valued at $89,000 after purchasing an additional 388 shares during the last quarter. Sowell Financial Services LLC acquired a new position in Scotts Miracle-Gro in the first quarter valued at $226,000. SG Americas Securities LLC acquired a new position in Scotts Miracle-Gro in the first quarter valued at $1,011,000. Finally, Nuveen LLC acquired a new position in Scotts Miracle-Gro in the first quarter valued at $5,475,000. 74.07% of the stock is currently owned by institutional investors and hedge funds.
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.
Further Reading
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