The Scotts Miracle-Gro Company $SMG Shares Purchased by GAMMA Investing LLC

GAMMA Investing LLC boosted its stake in The Scotts Miracle-Gro Company (NYSE:SMG) by 103.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,279 shares of the basic materials company’s stock after purchasing an additional 1,665 shares during the period. GAMMA Investing LLC’s holdings in Scotts Miracle-Gro were worth $216,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in SMG. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in Scotts Miracle-Gro by 23.6% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 126,436 shares of the basic materials company’s stock valued at $8,388,000 after purchasing an additional 24,105 shares in the last quarter. Wellington Management Group LLP acquired a new stake in shares of Scotts Miracle-Gro during the fourth quarter valued at about $4,008,000. Central Pacific Bank Trust Division grew its stake in shares of Scotts Miracle-Gro by 90.0% during the first quarter. Central Pacific Bank Trust Division now owns 1,900 shares of the basic materials company’s stock valued at $104,000 after acquiring an additional 900 shares in the last quarter. Summit Global Investments acquired a new stake in shares of Scotts Miracle-Gro during the first quarter valued at about $350,000. Finally, Mitchell & Pahl Private Wealth LLC grew its stake in shares of Scotts Miracle-Gro by 3.4% during the first quarter. Mitchell & Pahl Private Wealth LLC now owns 10,295 shares of the basic materials company’s stock valued at $565,000 after acquiring an additional 341 shares in the last quarter. 74.07% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on SMG shares. Jefferies Financial Group set a $71.00 target price on Scotts Miracle-Gro in a research note on Friday. Wells Fargo & Company lowered their target price on Scotts Miracle-Gro from $75.00 to $67.00 and set an “overweight” rating for the company in a research note on Thursday. Stifel Nicolaus lowered their target price on Scotts Miracle-Gro from $71.00 to $70.00 and set a “hold” rating for the company in a research note on Monday, August 4th. Truist Financial set a $80.00 target price on Scotts Miracle-Gro and gave the company a “buy” rating in a research note on Monday, July 14th. Finally, Wall Street Zen upgraded Scotts Miracle-Gro from a “hold” rating to a “buy” rating in a research note on Saturday, September 13th. Four research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, Scotts Miracle-Gro presently has a consensus rating of “Moderate Buy” and a consensus price target of $70.17.

Scotts Miracle-Gro Stock Performance

NYSE:SMG opened at $56.04 on Monday. The stock has a 50-day simple moving average of $61.94 and a 200 day simple moving average of $60.21. The Scotts Miracle-Gro Company has a one year low of $45.61 and a one year high of $93.90. The company has a market capitalization of $3.24 billion, a price-to-earnings ratio of 73.74 and a beta of 1.98.

Scotts Miracle-Gro (NYSE:SMG) last issued 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. Scotts Miracle-Gro had a net margin of 1.54% and a negative return on equity of 60.46%. The firm had revenue of $1.19 billion for the quarter, compared to analysts’ expectations of $1.23 billion. During the same quarter last year, the company posted $2.31 earnings per share. Scotts Miracle-Gro’s revenue was down 1.2% on a year-over-year basis. Scotts Miracle-Gro has set its FY 2025 guidance at 3.500- EPS. On average, equities research analysts forecast that The Scotts Miracle-Gro Company will post 3.42 EPS for the current fiscal year.

Scotts Miracle-Gro Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 5th. Shareholders of record on Friday, August 22nd were issued a $0.66 dividend. The ex-dividend date of this dividend was Friday, August 22nd. This represents a $2.64 dividend on an annualized basis and a yield of 4.7%. Scotts Miracle-Gro’s dividend payout ratio (DPR) is currently 347.37%.

Insider Transactions at Scotts Miracle-Gro

In other Scotts Miracle-Gro news, Director Hagedorn Partnership, L.P. sold 70,000 shares of the firm’s stock in a transaction dated 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 owned 13,274,274 shares of the company’s stock, valued at $826,721,784.72. This trade represents a 0.52% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Mark J. Scheiwer bought 1,790 shares of the business’s stock in a transaction on Wednesday, September 3rd. The stock was acquired at an average cost of $61.32 per share, for a total transaction of $109,762.80. Following the acquisition, the executive vice president directly owned 10,130 shares of the company’s stock, 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 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.