The Scotts Miracle-Gro Company $SMG Shares Acquired by Amundi

Amundi lifted its holdings in shares of The Scotts Miracle-Gro Company (NYSE:SMG) by 519.9% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 58,000 shares of the basic materials company’s stock after purchasing an additional 48,643 shares during the quarter. Amundi owned about 0.10% of Scotts Miracle-Gro worth $3,083,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the business. Moors & Cabot Inc. lifted its position in shares of Scotts Miracle-Gro by 3.1% during the first quarter. Moors & Cabot Inc. now owns 6,415 shares of the basic materials company’s stock worth $352,000 after purchasing an additional 191 shares in the last quarter. Oregon Public Employees Retirement Fund lifted its position in shares of Scotts Miracle-Gro by 2.3% during the first quarter. Oregon Public Employees Retirement Fund now owns 8,826 shares of the basic materials company’s stock worth $484,000 after purchasing an additional 200 shares in the last quarter. State of Michigan Retirement System raised its holdings in Scotts Miracle-Gro by 2.0% in the first quarter. State of Michigan Retirement System now owns 10,300 shares of the basic materials company’s stock valued at $565,000 after acquiring an additional 200 shares in the last quarter. Sagespring Wealth Partners LLC raised its holdings in Scotts Miracle-Gro by 4.8% in the first quarter. Sagespring Wealth Partners LLC now owns 4,524 shares of the basic materials company’s stock valued at $248,000 after acquiring an additional 207 shares in the last quarter. Finally, Louisiana State Employees Retirement System raised its holdings in Scotts Miracle-Gro by 2.5% in the first quarter. Louisiana State Employees Retirement System now owns 12,100 shares of the basic materials company’s stock valued at $664,000 after acquiring an additional 300 shares in the last quarter. Institutional investors and hedge funds own 74.07% of the company’s stock.

Insider Buying and Selling

In related news, Director Hagedorn Partnership, L.P. sold 70,000 shares of Scotts Miracle-Gro stock in a transaction on Monday, August 4th. The shares were sold at an average price of $62.28, for a total value of $4,359,600.00. Following the transaction, the director directly owned 13,274,274 shares in the company, valued at $826,721,784.72. This trade represents a 0.52% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Mark J. Scheiwer acquired 1,790 shares of the stock in a transaction that occurred on Wednesday, September 3rd. The stock was purchased at an average price of $61.32 per share, for a total transaction of $109,762.80. Following the completion of the transaction, the executive vice president owned 10,130 shares in the company, valued at $621,171.60. The trade was a 21.46% increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 25.37% of the company’s stock.

Scotts Miracle-Gro Stock Up 1.7%

Shares of Scotts Miracle-Gro stock opened at $61.66 on Friday. The firm has a market capitalization of $3.56 billion, a P/E ratio of 81.13 and a beta of 1.98. The firm’s 50 day moving average is $64.07 and its two-hundred day moving average is $60.35. The Scotts Miracle-Gro Company has a 52 week low of $45.61 and a 52 week high of $93.90.

Scotts Miracle-Gro (NYSE:SMG) last announced its earnings results on Wednesday, July 30th. The basic materials company reported $2.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.19 by $0.40. The business had revenue of $1.19 billion for the quarter, compared to analyst estimates of $1.23 billion. Scotts Miracle-Gro had a net margin of 1.54% and a negative return on equity of 60.46%. The company’s revenue for the quarter was down 1.2% compared to the same quarter last year. During the same period last year, the firm posted $2.31 earnings per share. Scotts Miracle-Gro has set its FY 2025 guidance at 3.500- EPS. As a group, research analysts expect that The Scotts Miracle-Gro Company will post 3.42 earnings per share for the current fiscal year.

Scotts Miracle-Gro Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 5th. Stockholders of record on Friday, August 22nd were given a dividend of $0.66 per share. The ex-dividend date was Friday, August 22nd. This represents a $2.64 dividend on an annualized basis and a dividend yield of 4.3%. Scotts Miracle-Gro’s dividend payout ratio (DPR) is 347.37%.

Analyst Ratings Changes

Several analysts recently weighed in on the stock. Wells Fargo & Company raised their target price on shares of Scotts Miracle-Gro from $72.00 to $75.00 and gave the company an “overweight” rating in a report on Wednesday, July 9th. UBS Group set a $68.00 target price on shares of Scotts Miracle-Gro and gave the company a “neutral” rating in a report on Thursday, July 31st. Wall Street Zen cut shares of Scotts Miracle-Gro from a “buy” rating to a “hold” rating in a report on Friday, September 5th. Truist Financial set a $80.00 target price on shares of Scotts Miracle-Gro and gave the company a “buy” rating in a report on Monday, July 14th. Finally, Stifel Nicolaus reduced their target price on shares of Scotts Miracle-Gro from $71.00 to $70.00 and set a “hold” rating on the stock in a report on Monday, August 4th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $71.17.

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.