Capital Performance Advisors LLP Makes New $44,000 Investment in The Scotts Miracle-Gro Company (NYSE:SMG)

Capital Performance Advisors LLP purchased a new position in The Scotts Miracle-Gro Company (NYSE:SMG) in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 503 shares of the basic materials company’s stock, valued at approximately $44,000.

Other large investors also recently made changes to their positions in the company. Price T Rowe Associates Inc. MD lifted its holdings in Scotts Miracle-Gro by 24.8% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 2,726,338 shares of the basic materials company’s stock worth $203,359,000 after purchasing an additional 542,406 shares during the last quarter. AQR Capital Management LLC lifted its stake in shares of Scotts Miracle-Gro by 194.2% in the second quarter. AQR Capital Management LLC now owns 761,063 shares of the basic materials company’s stock worth $49,515,000 after buying an additional 502,353 shares during the last quarter. Earnest Partners LLC boosted its holdings in shares of Scotts Miracle-Gro by 18.2% during the 1st quarter. Earnest Partners LLC now owns 3,113,153 shares of the basic materials company’s stock worth $232,210,000 after buying an additional 479,315 shares during the period. Interval Partners LP grew its stake in Scotts Miracle-Gro by 3,581.1% in the 1st quarter. Interval Partners LP now owns 478,546 shares of the basic materials company’s stock valued at $35,695,000 after buying an additional 465,546 shares during the last quarter. Finally, International Assets Investment Management LLC raised its holdings in Scotts Miracle-Gro by 8,330.2% in the 3rd quarter. International Assets Investment Management LLC now owns 281,485 shares of the basic materials company’s stock worth $24,405,000 after acquiring an additional 278,146 shares during the period. Institutional investors own 74.07% of the company’s stock.

Analyst Ratings Changes

SMG has been the topic of several research analyst reports. Wells Fargo & Company lowered their price target on Scotts Miracle-Gro from $95.00 to $85.00 and set an “overweight” rating on the stock in a research report on Thursday. UBS Group lowered their target price on Scotts Miracle-Gro from $90.00 to $77.00 and set a “neutral” rating on the stock in a report on Thursday. Stifel Nicolaus upped their price target on Scotts Miracle-Gro from $75.00 to $81.00 and gave the stock a “hold” rating in a report on Monday, November 4th. Truist Financial lowered their price objective on shares of Scotts Miracle-Gro from $90.00 to $70.00 and set a “hold” rating on the stock in a research note on Friday. Finally, JPMorgan Chase & Co. cut their target price on shares of Scotts Miracle-Gro from $85.00 to $80.00 and set an “overweight” rating for the company in a research note on Thursday. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $78.60.

Insider Transactions at Scotts Miracle-Gro

In related news, major shareholder Hagedorn Partnership, L.P. sold 85,130 shares of the company’s stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $70.93, for a total value of $6,038,270.90. Following the sale, the insider now owns 13,608,238 shares of the company’s stock, valued at $965,232,321.34. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, major shareholder Hagedorn Partnership, L.P. sold 85,130 shares of the business’s stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $70.93, for a total value of $6,038,270.90. Following the sale, the insider now owns 13,608,238 shares of the company’s stock, valued at $965,232,321.34. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Nathan Eric Baxter sold 2,988 shares of the stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $70.93, for a total value of $211,938.84. Following the transaction, the chief operating officer now owns 37,920 shares of the company’s stock, valued at $2,689,665.60. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 26.46% of the stock is owned by insiders.

Scotts Miracle-Gro Trading Down 0.5 %

SMG opened at $72.60 on Monday. The stock’s 50 day simple moving average is $80.87 and its 200-day simple moving average is $72.48. The stock has a market cap of $4.13 billion, a PE ratio of -105.22 and a beta of 1.76. The Scotts Miracle-Gro Company has a 1 year low of $48.29 and a 1 year high of $93.90.

Scotts Miracle-Gro Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Friday, November 22nd will be paid a $0.66 dividend. This represents a $2.64 dividend on an annualized basis and a dividend yield of 3.64%. The ex-dividend date of this dividend is Friday, November 22nd. Scotts Miracle-Gro’s dividend payout ratio is -382.61%.

About Scotts Miracle-Gro

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.