6,456 Shares in The Scotts Miracle-Gro Company (NYSE:SMG) Purchased by Sapient Capital LLC

Sapient Capital LLC purchased a new stake in shares of The Scotts Miracle-Gro Company (NYSE:SMGFree Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 6,456 shares of the basic materials company’s stock, valued at approximately $412,000.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Nordea Investment Management AB raised its holdings in shares of Scotts Miracle-Gro by 151.4% during the fourth quarter. Nordea Investment Management AB now owns 194,791 shares of the basic materials company’s stock valued at $12,576,000 after acquiring an additional 117,314 shares in the last quarter. Brandes Investment Partners LP lifted its position in shares of Scotts Miracle-Gro by 126.7% in the 3rd quarter. Brandes Investment Partners LP now owns 63,435 shares of the basic materials company’s stock worth $3,278,000 after purchasing an additional 35,456 shares during the period. FCF Advisors LLC bought a new stake in shares of Scotts Miracle-Gro during the 4th quarter valued at about $1,011,000. California Public Employees Retirement System increased its position in shares of Scotts Miracle-Gro by 19.8% during the third quarter. California Public Employees Retirement System now owns 78,474 shares of the basic materials company’s stock valued at $4,056,000 after buying an additional 12,969 shares during the period. Finally, Raymond James & Associates raised its stake in Scotts Miracle-Gro by 6.5% in the third quarter. Raymond James & Associates now owns 590,658 shares of the basic materials company’s stock worth $30,525,000 after buying an additional 36,056 shares in the last quarter. Hedge funds and other institutional investors own 74.07% of the company’s stock.

Insiders Place Their Bets

In other news, Director Stephen L. Johnson sold 1,394 shares of the firm’s stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $57.35, for a total transaction of $79,945.90. Following the sale, the director now owns 22,918 shares of the company’s stock, valued at approximately $1,314,347.30. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Scotts Miracle-Gro news, Director Stephen L. Johnson sold 1,394 shares of the business’s stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $57.35, for a total transaction of $79,945.90. Following the completion of the sale, the director now directly owns 22,918 shares in the company, valued at approximately $1,314,347.30. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, major shareholder Hagedorn Partnership, L.P. sold 15,000 shares of the firm’s stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $58.40, for a total value of $876,000.00. Following the completion of the transaction, the insider now owns 13,881,368 shares in the company, valued at $810,671,891.20. The disclosure for this sale can be found here. In the last 90 days, insiders sold 102,750 shares of company stock valued at $6,604,492. 26.46% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on SMG shares. StockNews.com upgraded Scotts Miracle-Gro from a “sell” rating to a “hold” rating in a report on Thursday, April 4th. Stifel Nicolaus increased their price objective on Scotts Miracle-Gro from $55.00 to $65.00 and gave the stock a “hold” rating in a report on Monday, March 4th. Raymond James restated a “market perform” rating on shares of Scotts Miracle-Gro in a report on Monday, March 25th. Truist Financial lowered shares of Scotts Miracle-Gro from a “buy” rating to a “hold” rating and increased their price target for the stock from $65.00 to $75.00 in a research note on Friday, April 5th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Scotts Miracle-Gro from $70.00 to $85.00 and gave the stock an “overweight” rating in a report on Friday, April 5th. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $70.00.

Read Our Latest Stock Report on Scotts Miracle-Gro

Scotts Miracle-Gro Stock Performance

Shares of SMG stock opened at $69.44 on Monday. The company has a market capitalization of $3.94 billion, a price-to-earnings ratio of -9.86 and a beta of 1.70. The Scotts Miracle-Gro Company has a one year low of $43.67 and a one year high of $77.95. The company’s 50-day moving average is $65.74 and its 200 day moving average is $59.18.

Scotts Miracle-Gro (NYSE:SMGGet Free Report) last announced its quarterly earnings results on Wednesday, February 7th. The basic materials company reported ($1.45) earnings per share for the quarter, beating the consensus estimate of ($1.62) by $0.17. Scotts Miracle-Gro had a negative net margin of 11.52% and a negative return on equity of 44.37%. The company had revenue of $410.40 million during the quarter, compared to the consensus estimate of $412.83 million. During the same quarter last year, the firm earned ($1.02) earnings per share. The firm’s quarterly revenue was down 22.1% compared to the same quarter last year. As a group, research analysts predict that The Scotts Miracle-Gro Company will post 2.69 earnings per share for the current fiscal year.

Scotts Miracle-Gro Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 8th. Investors of record on Friday, February 23rd were issued a $0.66 dividend. The ex-dividend date was Thursday, February 22nd. This represents a $2.64 annualized dividend and a yield of 3.80%. Scotts Miracle-Gro’s payout ratio is -37.50%.

About Scotts Miracle-Gro

(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.

Further Reading

Institutional Ownership by Quarter for Scotts Miracle-Gro (NYSE:SMG)

Receive News & Ratings for Scotts Miracle-Gro Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Scotts Miracle-Gro and related companies with MarketBeat.com's FREE daily email newsletter.