2 weeks Ago By ABMN Staff
XTX Topco Ltd reduced its stake in The Scotts Miracle-Gro Company ( NYSE:SMG – Free Report ) by 73.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,874 shares of the basic materials company’s stock after selling 21,862 shares during the period.
XTX Topco Ltd’s holdings in Scotts Miracle-Gro were worth $522,000 as of its most recent SEC filing. Several other institutional investors and hedge funds have also recently modified their holdings of SMG. Atala Financial Inc purchased a new stake in Scotts Miracle-Gro during the 4th quarter valued at about $25,000.
SBI Securities Co. Ltd. bought a new position in shares of Scotts Miracle-Gro in the fourth quarter worth approximately $26,000.
Tortoise Investment Management LLC grew its holdings in shares of Scotts Miracle-Gro by 77.3% during the fourth quarter. Tortoise Investment Management LLC now owns 516 shares of the basic materials company’s stock valued at $34,000 after buying an additional 225 shares during the last quarter.
Blue Trust Inc. increased its position in shares of Scotts Miracle-Gro by 68.3% during the fourth quarter.
Blue Trust Inc. now owns 621 shares of the basic materials company’s stock valued at $41,000 after acquiring an additional 252 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB bought a new position in Scotts Miracle-Gro in the 3rd quarter valued at approximately $44,000.
74.07% of the stock is currently owned by institutional investors. Scotts Miracle-Gro Price Performance Shares of SMG stock opened at $52.
21 on Monday. The company has a market cap of $3.00 billion, a price-to-earnings ratio of -108.
77 and a beta of 1.96. The Scotts Miracle-Gro Company has a 1 year low of $46.
45 and a 1 year high of $93.90. The firm has a fifty day moving average price of $57.
82 and a 200-day moving average price of $69.37. Scotts Miracle-Gro Announces Dividend The company also recently disclosed a quarterly dividend, which was paid on Friday, March 7th.
Stockholders of record on Friday, February 21st were given a dividend of $0.66 per share. The ex-dividend date was Friday, February 21st.
This represents a $2.64 annualized dividend and a dividend yield of 5.06%.
Scotts Miracle-Gro’s payout ratio is -550.00%. Analyst Ratings Changes A number of research analysts have recently issued reports on the company.
Jefferies Financial Group raised Scotts Miracle-Gro from a “hold” rating to a “buy” rating and lowered their price target for the company from $72.00 to $69.00 in a report on Monday, April 7th.
Truist Financial raised shares of Scotts Miracle-Gro from a “hold” rating to a “buy” rating and set a $70.00 price target on the stock in a report on Wednesday, April 2nd. Wells Fargo & Company lowered their price objective on shares of Scotts Miracle-Gro from $70.
00 to $65.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 16th. UBS Group cut their target price on shares of Scotts Miracle-Gro from $77.
00 to $55.00 and set a “neutral” rating for the company in a research report on Thursday. Finally, Stifel Nicolaus upgraded Scotts Miracle-Gro from a “hold” rating to a “buy” rating and dropped their price target for the stock from $78.
00 to $70.00 in a research note on Tuesday, March 4th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company.
According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $68.17. View Our Latest Stock Analysis on SMG Insider Activity at Scotts Miracle-Gro In related news, Director Hagedorn Partnership, L.
P. sold 12,123 shares of the business’s stock in a transaction that occurred on Friday, February 7th. The stock was sold at an average price of $66.
86, for a total value of $810,543.78. Following the transaction, the director now directly owns 13,432,151 shares of the company’s stock, valued at approximately $898,073,615.
86. The trade was a 0.09 % decrease in their position.
The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link . Also, CEO James Hagedorn sold 142,733 shares of Scotts Miracle-Gro stock in a transaction that occurred on Thursday, January 30th. The shares were sold at an average price of $71.
56, for a total transaction of $10,213,973.48. Following the sale, the chief executive officer now owns 88,310 shares in the company, valued at approximately $6,319,463.
60. The trade was a 61.78 % decrease in their position.
The disclosure for this sale can be found here . In the last quarter, insiders have sold 159,937 shares of company stock worth $11,379,275. 25.
37% of the stock is owned by corporate insiders. Scotts Miracle-Gro Company Profile ( Free Report ) 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.
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