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

Rowlandmiller & PARTNERS.ADV trimmed its holdings in shares of The Scotts Miracle-Gro Company (NYSE:SMG) by 16.6% in the 3rd quarter, Holdings Channel reports. The firm 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 and hedge funds have also made changes to their positions in the business. OLD National Bancorp IN lifted its position in shares of 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 purchasing an additional 131 shares during the last quarter. Hexagon Capital Partners LLC lifted its position in shares of 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 purchasing an additional 161 shares during the last quarter. Blue Trust Inc. lifted its position in shares of 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 purchasing an additional 168 shares during the last quarter. Versant Capital Management Inc raised its holdings in shares of Scotts Miracle-Gro by 80.1% in the second quarter. Versant Capital Management Inc now owns 389 shares of the basic materials company’s stock valued at $25,000 after acquiring an additional 173 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC raised its holdings in shares of Scotts Miracle-Gro by 4.6% in the second 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 in the last quarter. 74.07% of the stock is currently owned by institutional investors.

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 on Thursday, August 1st. The stock was sold at an average price of $77.95, for a total value of $74,832.00. Following the completion of the sale, the director now directly 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 filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director Stephen L. Johnson sold 960 shares of the stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $77.95, for a total transaction of $74,832.00. Following the completion of the transaction, the director now directly 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 document filed with the SEC, which can be accessed through this hyperlink. Also, major shareholder Hagedorn Partnership, L.P. sold 85,130 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 $6,038,270.90. Following the transaction, the insider now owns 13,608,238 shares of the company’s stock, valued at approximately $965,232,321.34. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 89,078 shares of company stock worth $6,325,042 in the last three months. 26.46% of the stock is owned by corporate insiders.

Scotts Miracle-Gro Stock Performance

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

Scotts Miracle-Gro (NYSE:SMG) last issued its quarterly earnings results on Wednesday, July 31st. The basic materials company reported $2.31 EPS for the quarter, topping the consensus estimate of $1.89 by $0.42. Scotts Miracle-Gro had a negative return on equity of 41.19% and a negative net margin of 7.38%. The firm had revenue of $1.20 billion during the quarter, compared to analysts’ expectations of $1.20 billion. During the same period in the previous year, the business earned $1.17 earnings per share. The firm’s revenue for the quarter was up 7.5% on a year-over-year basis. On average, 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 company also recently declared a quarterly dividend, which was paid on Friday, September 6th. Investors of record on Friday, August 23rd were given a dividend of $0.66 per share. This represents a $2.64 annualized dividend and a dividend yield of 3.02%. The ex-dividend date was Friday, August 23rd. Scotts Miracle-Gro’s payout ratio is -55.81%.

Analysts Set New Price Targets

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

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.