The Scotts Miracle-Gro Company $SMG Shares Sold by Fisher Asset Management LLC

Fisher Asset Management LLC trimmed its stake in The Scotts Miracle-Gro Company (NYSE:SMG) by 7.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 210,240 shares of the basic materials company’s stock after selling 16,635 shares during the period. Fisher Asset Management LLC owned approximately 0.36% of Scotts Miracle-Gro worth $13,867,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of SMG. American National Bank & Trust acquired a new position in Scotts Miracle-Gro in the second quarter valued at $28,000. Byrne Asset Management LLC purchased a new stake in shares of Scotts Miracle-Gro in the 2nd quarter valued at about $45,000. Spire Wealth Management lifted its holdings in shares of Scotts Miracle-Gro by 32.1% in the 2nd quarter. Spire Wealth Management now owns 725 shares of the basic materials company’s stock valued at $48,000 after purchasing an additional 176 shares during the last quarter. First Horizon Advisors Inc. grew its stake 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 buying an additional 810 shares during the last quarter. Finally, Hilltop National Bank purchased a new position in Scotts Miracle-Gro during the 2nd quarter worth approximately $66,000. 74.07% of the stock is owned by hedge funds and other institutional investors.

Scotts Miracle-Gro Stock Up 1.7%

Shares of Scotts Miracle-Gro stock opened at $56.52 on Thursday. The firm has a market cap of $3.28 billion, a price-to-earnings ratio of 23.36 and a beta of 1.97. The Scotts Miracle-Gro Company has a 52-week low of $45.61 and a 52-week high of $79.11. The company’s 50-day simple moving average is $55.80 and its 200-day simple moving average is $60.54.

Scotts Miracle-Gro (NYSE:SMG) last announced its quarterly earnings data on Wednesday, November 5th. The basic materials company reported ($1.96) earnings per share for the quarter, missing analysts’ consensus estimates of ($1.88) by ($0.08). The business had revenue of $387.30 million during the quarter, compared to analysts’ expectations of $396.75 million. Scotts Miracle-Gro had a net margin of 4.26% and a negative return on equity of 67.74%. Scotts Miracle-Gro’s revenue for the quarter was down 6.6% compared to the same quarter last year. During the same period in the prior year, the firm posted ($2.31) EPS. Scotts Miracle-Gro has set its FY 2025 guidance at 4.150-4.350 EPS. Equities research analysts anticipate that The Scotts Miracle-Gro Company will post 3.42 EPS for the current year.

Scotts Miracle-Gro Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 5th. Shareholders of record on Friday, November 21st will be given a $0.66 dividend. The ex-dividend date is Friday, November 21st. This represents a $2.64 annualized dividend and a yield of 4.7%. Scotts Miracle-Gro’s dividend payout ratio is presently 109.09%.

Analyst Ratings Changes

A number of analysts recently weighed in on SMG shares. UBS Group decreased their price target on shares of Scotts Miracle-Gro from $62.00 to $61.00 and set a “neutral” rating for the company in a research note on Thursday, November 6th. Jefferies Financial Group upped their target price on shares of Scotts Miracle-Gro from $71.00 to $74.00 and gave the company a “buy” rating in a report on Wednesday, November 5th. Zacks Research lowered Scotts Miracle-Gro from a “strong-buy” rating to a “hold” rating in a report on Friday, September 19th. Wells Fargo & Company dropped their price target on 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. Finally, Wall Street Zen cut Scotts Miracle-Gro from a “buy” rating to a “hold” rating in a research report on Saturday, October 25th. Five 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, Scotts Miracle-Gro currently has an average rating of “Moderate Buy” and an average target price of $69.50.

Insider Buying and Selling

In other Scotts Miracle-Gro news, Director Hagedorn Partnership, L.P. sold 56,633 shares of the business’s stock in a transaction on Friday, September 5th. The shares were sold at an average price of $63.02, for a total transaction of $3,569,011.66. Following the sale, the director directly 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. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 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.