The Scotts Miracle-Gro Company (NYSE:SMG) Shares Bought by Compass Wealth Management LLC

Compass Wealth Management LLC increased its position in The Scotts Miracle-Gro Company (NYSE:SMG) by 3.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 70,123 shares of the basic materials company’s stock after acquiring an additional 2,497 shares during the period. Scotts Miracle-Gro makes up 1.1% of Compass Wealth Management LLC’s portfolio, making the stock its 29th biggest position. Compass Wealth Management LLC owned approximately 0.12% of Scotts Miracle-Gro worth $4,652,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Dimensional Fund Advisors LP raised its holdings in shares of Scotts Miracle-Gro by 94.6% during the second quarter. Dimensional Fund Advisors LP now owns 65,557 shares of the basic materials company’s stock valued at $4,265,000 after buying an additional 31,862 shares during the last quarter. Vanguard Personalized Indexing Management LLC increased its position in Scotts Miracle-Gro by 4.6% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 3,944 shares of the basic materials company’s stock valued at $251,000 after acquiring an additional 174 shares during the period. Benjamin F. Edwards & Company Inc. raised its stake in Scotts Miracle-Gro by 21.6% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 1,748 shares of the basic materials company’s stock valued at $114,000 after acquiring an additional 310 shares in the last quarter. Sei Investments Co. boosted its position in Scotts Miracle-Gro by 0.3% during the 2nd quarter. Sei Investments Co. now owns 114,042 shares of the basic materials company’s stock worth $7,420,000 after acquiring an additional 335 shares during the period. Finally, Bank of Montreal Can grew its stake in shares of Scotts Miracle-Gro by 1.9% in the second quarter. Bank of Montreal Can now owns 38,971 shares of the basic materials company’s stock worth $2,621,000 after purchasing an additional 736 shares in the last quarter. 74.07% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. Wells Fargo & Company cut their price objective on shares of Scotts Miracle-Gro from $85.00 to $80.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 7th. Truist Financial dropped their price target on shares of Scotts Miracle-Gro from $90.00 to $70.00 and set a “hold” rating on the stock in a research report on Friday, November 8th. JPMorgan Chase & Co. decreased their price objective on shares of Scotts Miracle-Gro from $85.00 to $80.00 and set an “overweight” rating for the company in a report on Thursday, November 7th. Stifel Nicolaus boosted their target price on Scotts Miracle-Gro from $75.00 to $81.00 and gave the stock a “hold” rating in a report on Monday, November 4th. Finally, Jefferies Financial Group assumed coverage on Scotts Miracle-Gro in a research report on Monday, December 9th. They issued a “hold” rating and a $72.00 target price for the company. Six investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $75.83.

Insider Buying and Selling at Scotts Miracle-Gro

In other Scotts Miracle-Gro news, CEO James Hagedorn sold 18,368 shares of the firm’s stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $75.68, for a total transaction of $1,390,090.24. Following the completion of the sale, the chief executive officer now directly owns 87,426 shares in the company, valued at approximately $6,616,399.68. This trade represents a 17.36 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, major shareholder Hagedorn Partnership, L.P. sold 28,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $75.91, for a total transaction of $2,125,480.00. Following the sale, the insider now owns 13,553,774 shares of the company’s stock, valued at approximately $1,028,866,984.34. This represents a 0.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 58,227 shares of company stock valued at $4,410,268. 25.37% of the stock is currently owned by corporate insiders.

Scotts Miracle-Gro Stock Performance

Shares of NYSE SMG opened at $73.84 on Friday. The stock’s fifty day simple moving average is $71.51 and its 200 day simple moving average is $74.29. The Scotts Miracle-Gro Company has a 52-week low of $53.43 and a 52-week high of $93.90.

Scotts Miracle-Gro Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 6th. Shareholders of record on Friday, November 22nd were issued a dividend of $0.66 per share. The ex-dividend date of this dividend was Friday, November 22nd. This represents a $2.64 annualized dividend and a yield of 3.58%. Scotts Miracle-Gro’s payout ratio is presently -382.61%.

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.