Hagedorn Partnership, L.P. Sells 50,000 Shares of Scotts Miracle-Gro (NYSE:SMG) Stock

The Scotts Miracle-Gro Company (NYSE:SMG) Director Hagedorn Partnership, L.P. sold 50,000 shares of the firm’s stock in a transaction on Thursday, February 12th. The shares were sold at an average price of $66.40, for a total transaction of $3,320,000.00. Following the sale, the director directly owned 13,167,641 shares of the company’s stock, valued at approximately $874,331,362.40. The trade was a 0.38% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Scotts Miracle-Gro Price Performance

NYSE:SMG opened at $68.36 on Friday. The firm has a 50-day moving average of $61.16 and a two-hundred day moving average of $59.16. The stock has a market cap of $3.97 billion, a P/E ratio of 46.50 and a beta of 1.98. The Scotts Miracle-Gro Company has a 1-year low of $45.61 and a 1-year high of $70.67.

Scotts Miracle-Gro (NYSE:SMG) last announced its earnings results on Wednesday, January 28th. The basic materials company reported ($0.77) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($1.04) by $0.27. The business had revenue of $354.40 million for the quarter, compared to analyst estimates of $353.25 million. Scotts Miracle-Gro had a negative return on equity of 68.59% and a net margin of 2.68%.The company’s revenue for the quarter was down 3.3% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.89) earnings per share. Scotts Miracle-Gro has set its FY 2026 guidance at 4.150-4.35 EPS. As a group, equities analysts expect that The Scotts Miracle-Gro Company will post 3.42 earnings per share for the current year.

Scotts Miracle-Gro Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 6th. Investors of record on Friday, February 20th will be paid a $0.66 dividend. This represents a $2.64 dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date is Friday, February 20th. Scotts Miracle-Gro’s payout ratio is 179.59%.

Analyst Ratings Changes

SMG has been the subject of several recent analyst reports. Weiss Ratings reissued a “hold (c-)” rating on shares of Scotts Miracle-Gro in a report on Wednesday, January 21st. Jefferies Financial Group increased their price target on shares of Scotts Miracle-Gro from $71.00 to $74.00 and gave the stock a “buy” rating in a research report on Wednesday, November 5th. Wall Street Zen lowered Scotts Miracle-Gro from a “buy” rating to a “hold” rating in a report on Saturday, October 25th. Stifel Nicolaus set a $70.00 price objective on Scotts Miracle-Gro and gave the company a “buy” rating in a research note on Thursday, November 6th. Finally, UBS Group set a $67.00 target price on Scotts Miracle-Gro in a report on Thursday, January 29th. Five research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $71.00.

Institutional Trading of Scotts Miracle-Gro

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Key Capital Management INC acquired a new position in Scotts Miracle-Gro during the 4th quarter valued at approximately $29,000. Covestor Ltd boosted its holdings in shares of Scotts Miracle-Gro by 201.1% during the third quarter. Covestor Ltd now owns 527 shares of the basic materials company’s stock valued at $30,000 after acquiring an additional 352 shares during the period. Caitong International Asset Management Co. Ltd bought a new position in shares of Scotts Miracle-Gro during the third quarter worth about $32,000. Hantz Financial Services Inc. grew its position in shares of Scotts Miracle-Gro by 157.3% during the third quarter. Hantz Financial Services Inc. now owns 584 shares of the basic materials company’s stock worth $33,000 after acquiring an additional 357 shares during the last quarter. Finally, Smartleaf Asset Management LLC increased its holdings in shares of Scotts Miracle-Gro by 156.7% in the 3rd quarter. Smartleaf Asset Management LLC now owns 634 shares of the basic materials company’s stock worth $35,000 after acquiring an additional 387 shares during the period. 74.07% of the stock is currently owned by institutional investors and hedge funds.

Scotts Miracle-Gro Company Profile

Scotts Miracle-Gro Company is a leading developer, manufacturer and distributor of consumer lawn and garden products. The firm serves both retail and professional customers through an array of branded offerings that include lawn fertilizers, grass seed, pest and disease control solutions, plant foods and specialty products for indoor and outdoor gardening. Its portfolio spans well-known names such as Scotts®, Miracle-Gro®, Ortho® and various hydroponic and specialty garden brands.

Headquartered in Marysville, Ohio, the company traces its roots to O.M.