Cwm LLC Trims Holdings in The Scotts Miracle-Gro Company (NYSE:SMG)

Cwm LLC lessened its holdings in shares of The Scotts Miracle-Gro Company (NYSE:SMG) by 6.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 53,850 shares of the basic materials company’s stock after selling 3,603 shares during the period. Cwm LLC owned about 0.10% of Scotts Miracle-Gro worth $3,433,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Bruce G. Allen Investments LLC purchased a new position in shares of Scotts Miracle-Gro during the 4th quarter worth approximately $47,000. Headlands Technologies LLC purchased a new position in shares of Scotts Miracle-Gro during the 3rd quarter worth approximately $52,000. Covestor Ltd grew its holdings in shares of Scotts Miracle-Gro by 23.7% during the 3rd quarter. Covestor Ltd now owns 1,376 shares of the basic materials company’s stock worth $71,000 after acquiring an additional 264 shares during the period. Global Retirement Partners LLC grew its holdings in shares of Scotts Miracle-Gro by 318.4% during the 4th quarter. Global Retirement Partners LLC now owns 1,686 shares of the basic materials company’s stock worth $99,000 after acquiring an additional 1,283 shares during the period. Finally, Signaturefd LLC grew its holdings in shares of Scotts Miracle-Gro by 33.3% during the 3rd quarter. Signaturefd LLC now owns 1,988 shares of the basic materials company’s stock worth $103,000 after acquiring an additional 497 shares during the period. Hedge funds and other institutional investors own 74.07% of the company’s stock.

Insider Transactions at Scotts Miracle-Gro

In related news, Director Hagedorn Partnership, L.P. sold 86,356 shares of the company’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $65.41, for a total transaction of $5,648,545.96. Following the completion of the sale, the director now owns 13,777,012 shares of the company’s stock, valued at approximately $901,154,354.92. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other Scotts Miracle-Gro news, Director Stephen L. Johnson sold 1,394 shares of the stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $57.35, for a total value of $79,945.90. Following the sale, the director now directly 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 available at the SEC website. Also, Director Hagedorn Partnership, L.P. sold 86,356 shares of the stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $65.41, for a total transaction of $5,648,545.96. Following the completion of the sale, the director now directly owns 13,777,012 shares in the company, valued at $901,154,354.92. The disclosure for this sale can be found here. Insiders sold 102,750 shares of company stock valued at $6,604,492 over the last 90 days. Corporate insiders own 26.46% of the company’s stock.

Scotts Miracle-Gro Stock Performance

Scotts Miracle-Gro stock opened at $68.51 on Thursday. The company has a 50 day moving average price of $67.61 and a 200-day moving average price of $60.19. The Scotts Miracle-Gro Company has a fifty-two week low of $43.67 and a fifty-two week high of $77.95. The company has a market capitalization of $3.88 billion, a PE ratio of -9.73 and a beta of 1.70.

Scotts Miracle-Gro (NYSE:SMG) last issued its quarterly earnings data on Wednesday, February 7th. The basic materials company reported ($1.45) earnings per share (EPS) 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 for the quarter, compared to analyst estimates of $412.83 million. During the same period last year, the company posted ($1.02) earnings per share. Scotts Miracle-Gro’s revenue was down 22.1% compared to the same quarter last year. On average, analysts forecast that The Scotts Miracle-Gro Company will post 2.69 earnings per share for the current year.

Scotts Miracle-Gro Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 7th. Stockholders of record on Friday, May 24th will be paid a dividend of $0.66 per share. The ex-dividend date of this dividend is Thursday, May 23rd. This represents a $2.64 dividend on an annualized basis and a dividend yield of 3.85%. Scotts Miracle-Gro’s dividend payout ratio is currently -37.50%.

Analyst Upgrades and Downgrades

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

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.