Rowlandmiller & PARTNERS.ADV Sells 280 Shares of The Scotts Miracle-Gro Company (NYSE:SMG)

Rowlandmiller & PARTNERS.ADV cut its stake in shares of The Scotts Miracle-Gro Company (NYSE:SMG) by 16.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,403 shares of the basic materials company’s stock after selling 280 shares during the quarter. Rowlandmiller & PARTNERS.ADV’s holdings in Scotts Miracle-Gro were worth $122,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of SMG. OLD National Bancorp IN increased its holdings in Scotts Miracle-Gro by 2.7% during the third quarter. OLD National Bancorp IN now owns 5,049 shares of the basic materials company’s stock worth $438,000 after buying an additional 131 shares during the last quarter. Hexagon Capital Partners LLC increased its holdings in Scotts Miracle-Gro by 41.3% during the second quarter. Hexagon Capital Partners LLC now owns 551 shares of the basic materials company’s stock worth $36,000 after buying an additional 161 shares during the last quarter. Blue Trust Inc. increased its holdings in Scotts Miracle-Gro by 83.6% during the third quarter. Blue Trust Inc. now owns 369 shares of the basic materials company’s stock worth $32,000 after buying an additional 168 shares during the last quarter. Versant Capital Management Inc boosted its position in Scotts Miracle-Gro by 80.1% during the second quarter. Versant Capital Management Inc now owns 389 shares of the basic materials company’s stock worth $25,000 after purchasing an additional 173 shares during the period. Finally, Vanguard Personalized Indexing Management LLC boosted its position in Scotts Miracle-Gro by 4.6% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 3,944 shares of the basic materials company’s stock worth $251,000 after purchasing an additional 174 shares during the period. Institutional investors and hedge funds own 74.07% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently commented on SMG. Truist Financial raised their price objective on shares of Scotts Miracle-Gro from $65.00 to $90.00 and gave the company a “hold” rating in a research report on Wednesday, October 16th. Wells Fargo & Company lifted their target price on shares of Scotts Miracle-Gro from $75.00 to $85.00 and gave the company an “overweight” rating in a research report on Thursday, August 1st. Finally, Stifel Nicolaus lifted their target price on shares of Scotts Miracle-Gro from $70.00 to $75.00 and gave the company a “hold” rating in a research report on Friday, August 2nd. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, Scotts Miracle-Gro has an average rating of “Hold” and an average price target of $83.75.

Insider Buying and Selling at Scotts Miracle-Gro

In other Scotts Miracle-Gro news, Director Stephen L. Johnson sold 960 shares of the company’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $77.95, for a total transaction of $74,832.00. Following the transaction, the director now owns 22,940 shares in the company, valued at approximately $1,788,173. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, Director Stephen L. Johnson sold 960 shares of the stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $77.95, for a total value of $74,832.00. Following the transaction, the director now owns 22,940 shares in the company, valued at $1,788,173. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Hagedorn Partnership, L.P. sold 85,130 shares of the stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $70.93, for a total transaction of $6,038,270.90. Following the completion of the transaction, the insider now owns 13,608,238 shares in the company, valued at $965,232,321.34. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 89,078 shares of company stock worth $6,325,042. Company insiders own 26.46% of the company’s stock.

Scotts Miracle-Gro Stock Performance

Shares of SMG opened at $87.45 on Friday. The firm has a 50 day moving average price of $77.93 and a 200-day moving average price of $71.31. The firm has a market cap of $4.97 billion, a price-to-earnings ratio of -18.49 and a beta of 1.76. The Scotts Miracle-Gro Company has a fifty-two week low of $43.98 and a fifty-two week high of $91.09.

Scotts Miracle-Gro (NYSE:SMG) last released its earnings results on Wednesday, July 31st. The basic materials company reported $2.31 earnings per share for the quarter, topping analysts’ consensus estimates of $1.89 by $0.42. The firm had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.20 billion. Scotts Miracle-Gro had a negative net margin of 7.38% and a negative return on equity of 41.19%. The company’s revenue was up 7.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.17 EPS. As a group, equities research analysts predict that The Scotts Miracle-Gro Company will post 2.62 earnings per share for the current year.

Scotts Miracle-Gro Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 6th. Stockholders of record on Friday, August 23rd were given a $0.66 dividend. This represents a $2.64 dividend on an annualized basis and a dividend yield of 3.02%. The ex-dividend date of this dividend was Friday, August 23rd. Scotts Miracle-Gro’s dividend payout ratio is presently -55.81%.

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.