The Scotts Miracle-Gro Company (NYSE:SMG) Stock Holdings Lowered by Burney Co.

Burney Co. lessened its holdings in shares of The Scotts Miracle-Gro Company (NYSE:SMG) by 1.8% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 12,411 shares of the basic materials company’s stock after selling 227 shares during the quarter. Burney Co.’s holdings in Scotts Miracle-Gro were worth $823,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Choreo LLC purchased a new stake in shares of Scotts Miracle-Gro during the second quarter valued at $235,000. Federated Hermes Inc. boosted its stake in shares of Scotts Miracle-Gro by 30.0% during the 2nd quarter. Federated Hermes Inc. now owns 6,594 shares of the basic materials company’s stock valued at $429,000 after buying an additional 1,520 shares during the period. Envestnet Asset Management Inc. grew its stake in Scotts Miracle-Gro by 6.2% in the second quarter. Envestnet Asset Management Inc. now owns 680,282 shares of the basic materials company’s stock valued at $44,259,000 after purchasing an additional 39,468 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Scotts Miracle-Gro by 94.6% in the 2nd 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 in the last quarter. Finally, Vanguard Personalized Indexing Management LLC increased its stake in shares of Scotts Miracle-Gro by 4.6% during the 2nd 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 last quarter. Institutional investors own 74.07% of the company’s stock.

Insider Transactions at Scotts Miracle-Gro

In other Scotts Miracle-Gro news, major shareholder Hagedorn Partnership, L.P. sold 500 shares of the stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $77.14, for a total value of $38,570.00. Following the transaction, the insider now directly owns 13,553,274 shares of the company’s stock, valued at $1,045,499,556.36. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Nathan Eric Baxter sold 11,359 shares of the firm’s stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $75.37, for a total transaction of $856,127.83. Following the transaction, the chief operating officer now directly owns 51,631 shares in the company, valued at $3,891,428.47. This represents a 18.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 58,227 shares of company stock valued at $4,410,268 over the last three months. Company insiders own 25.37% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the company. JPMorgan Chase & Co. lowered their price target on Scotts Miracle-Gro from $85.00 to $80.00 and set an “overweight” rating on the stock in a report on Thursday, November 7th. Jefferies Financial Group initiated coverage on Scotts Miracle-Gro in a research note on Monday, December 9th. They set a “hold” rating and a $72.00 price target on the stock. Stifel Nicolaus lifted their price objective on Scotts Miracle-Gro from $75.00 to $81.00 and gave the stock a “hold” rating in a report on Monday, November 4th. UBS Group lowered their target price on shares of Scotts Miracle-Gro from $77.00 to $72.00 and set a “neutral” rating on the stock in a research note on Thursday. Finally, Wells Fargo & Company decreased their price target on 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. Six analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $75.83.

Scotts Miracle-Gro Trading Down 0.8 %

NYSE:SMG opened at $70.29 on Friday. The Scotts Miracle-Gro Company has a 1 year low of $53.43 and a 1 year high of $93.90. The stock has a market cap of $4.04 billion, a price-to-earnings ratio of -101.87 and a beta of 1.73. The stock has a 50-day moving average price of $71.72 and a two-hundred day moving average price of $73.99.

Scotts Miracle-Gro Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, December 6th. Shareholders of record on Friday, November 22nd were paid a $0.66 dividend. This represents a $2.64 dividend on an annualized basis and a yield of 3.76%. The ex-dividend date was Friday, November 22nd. Scotts Miracle-Gro’s payout ratio is currently -382.61%.

Scotts Miracle-Gro Company 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.