Venturi Wealth Management LLC Has $314,000 Stock Holdings in The Scotts Miracle-Gro Company $SMG

Venturi Wealth Management LLC cut its stake in shares of The Scotts Miracle-Gro Company (NYSE:SMG) by 4.7% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 4,767 shares of the basic materials company’s stock after selling 237 shares during the period. Venturi Wealth Management LLC’s holdings in Scotts Miracle-Gro were worth $314,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of SMG. Vanguard Group Inc. boosted its stake in shares of Scotts Miracle-Gro by 2.6% during the 1st quarter. Vanguard Group Inc. now owns 4,645,267 shares of the basic materials company’s stock worth $254,979,000 after acquiring an additional 118,729 shares during the period. Millennium Management LLC boosted its stake in shares of Scotts Miracle-Gro by 288.8% during the 1st quarter. Millennium Management LLC now owns 1,421,220 shares of the basic materials company’s stock worth $78,011,000 after acquiring an additional 1,055,672 shares during the period. Cubist Systematic Strategies LLC boosted its stake in shares of Scotts Miracle-Gro by 770.3% during the 1st quarter. Cubist Systematic Strategies LLC now owns 334,934 shares of the basic materials company’s stock worth $18,385,000 after acquiring an additional 296,448 shares during the period. Gamco Investors INC. ET AL boosted its stake in shares of Scotts Miracle-Gro by 13.8% during the 1st quarter. Gamco Investors INC. ET AL now owns 294,555 shares of the basic materials company’s stock worth $16,168,000 after acquiring an additional 35,730 shares during the period. Finally, Retirement Systems of Alabama boosted its stake in shares of Scotts Miracle-Gro by 0.3% during the 1st quarter. Retirement Systems of Alabama now owns 216,304 shares of the basic materials company’s stock worth $11,873,000 after acquiring an additional 647 shares during the period. 74.07% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Scotts Miracle-Gro

In related news, EVP Mark J. Scheiwer acquired 1,790 shares of the company’s stock in a transaction on Wednesday, September 3rd. The stock was purchased at an average cost of $61.32 per share, with a total value of $109,762.80. Following the acquisition, the executive vice president directly owned 10,130 shares of the company’s stock, valued at approximately $621,171.60. The trade was a 21.46% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Hagedorn Partnership, L.P. sold 70,000 shares of Scotts Miracle-Gro stock in a transaction on Monday, August 4th. The shares were sold at an average price of $62.28, for a total value of $4,359,600.00. Following the completion of the transaction, the director directly owned 13,274,274 shares of the company’s stock, valued at $826,721,784.72. This represents a 0.52% decrease in their ownership of the stock. The disclosure for this sale can be found here. 25.37% of the stock is owned by insiders.

Scotts Miracle-Gro Trading Down 3.8%

NYSE:SMG opened at $55.55 on Friday. The stock has a market cap of $3.21 billion, a P/E ratio of 73.09 and a beta of 1.96. The stock has a 50 day simple moving average of $60.09 and a 200 day simple moving average of $60.08. The Scotts Miracle-Gro Company has a 1-year low of $45.61 and a 1-year high of $93.90.

Scotts Miracle-Gro (NYSE:SMG) last announced its quarterly earnings data on Wednesday, July 30th. The basic materials company reported $2.59 earnings per share for the quarter, beating the consensus estimate of $2.19 by $0.40. The firm had revenue of $1.19 billion during the quarter, compared to analysts’ expectations of $1.23 billion. Scotts Miracle-Gro had a negative return on equity of 60.46% and a net margin of 1.54%.The company’s quarterly revenue was down 1.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.31 EPS. Scotts Miracle-Gro has set its FY 2025 guidance at 3.500- EPS. As a group, sell-side analysts forecast that The Scotts Miracle-Gro Company will post 3.42 EPS for the current year.

Scotts Miracle-Gro Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 5th. Shareholders of record on Friday, August 22nd were issued a $0.66 dividend. The ex-dividend date of this dividend was Friday, August 22nd. This represents a $2.64 annualized dividend and a yield of 4.8%. Scotts Miracle-Gro’s payout ratio is currently 347.37%.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. UBS Group reduced their target price on Scotts Miracle-Gro from $68.00 to $62.00 and set a “neutral” rating for the company in a research note on Thursday, October 2nd. Truist Financial set a $80.00 target price on Scotts Miracle-Gro and gave the stock a “buy” rating in a research note on Monday, July 14th. Wells Fargo & Company reduced their target price on Scotts Miracle-Gro from $75.00 to $67.00 and set an “overweight” rating for the company in a research note on Thursday, September 25th. Wall Street Zen raised Scotts Miracle-Gro from a “hold” rating to a “buy” rating in a report on Saturday, September 13th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Scotts Miracle-Gro in a report on Wednesday. Four analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, Scotts Miracle-Gro has an average rating of “Moderate Buy” and a consensus target price of $69.17.

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.