17,793 Shares in The Scotts Miracle-Gro Company (NYSE:SMG) Bought by Susquehanna Fundamental Investments LLC

Susquehanna Fundamental Investments LLC acquired a new position in shares of The Scotts Miracle-Gro Company (NYSE:SMG) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 17,793 shares of the basic materials company’s stock, valued at approximately $1,158,000.

Several other institutional investors also recently added to or reduced their stakes in the company. Hexagon Capital Partners LLC increased its holdings in shares of Scotts Miracle-Gro by 41.3% in the second quarter. Hexagon Capital Partners LLC now owns 551 shares of the basic materials company’s stock valued at $36,000 after purchasing an additional 161 shares during the period. Versant Capital Management Inc boosted its stake in shares of Scotts Miracle-Gro by 80.1% during the 2nd quarter. Versant Capital Management Inc now owns 389 shares of the basic materials company’s stock worth $25,000 after acquiring an additional 173 shares in the last quarter. Vanguard Personalized Indexing Management LLC boosted its position in Scotts Miracle-Gro by 4.6% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 3,944 shares of the basic materials company’s stock worth $251,000 after purchasing an additional 174 shares in the last quarter. Abich Financial Wealth Management LLC grew its holdings in Scotts Miracle-Gro by 25.8% in the second quarter. Abich Financial Wealth Management LLC now owns 854 shares of the basic materials company’s stock valued at $56,000 after purchasing an additional 175 shares during the last quarter. Finally, Treasurer of the State of North Carolina boosted its position in shares of Scotts Miracle-Gro by 1.0% in the 4th quarter. Treasurer of the State of North Carolina now owns 18,313 shares of the basic materials company’s stock worth $1,167,000 after buying an additional 180 shares in the last quarter. Institutional investors and hedge funds own 74.07% of the company’s stock.

Scotts Miracle-Gro Trading Up 0.0 %

Shares of NYSE SMG opened at $86.71 on Wednesday. The company has a market capitalization of $4.93 billion, a price-to-earnings ratio of -13.90 and a beta of 1.75. The Scotts Miracle-Gro Company has a twelve month low of $43.67 and a twelve month high of $88.35. The firm has a 50-day moving average of $72.44 and a two-hundred day moving average of $69.54.

Scotts Miracle-Gro (NYSE:SMG) last issued its earnings results on Wednesday, July 31st. The basic materials company reported $2.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.89 by $0.42. Scotts Miracle-Gro had a negative net margin of 7.38% and a negative return on equity of 41.19%. The company had revenue of $1.20 billion during the quarter, compared to analyst estimates of $1.20 billion. During the same quarter last year, the business posted $1.17 EPS. The company’s revenue for the quarter was up 7.5% on a year-over-year basis. As a group, research 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 business also recently disclosed a quarterly dividend, which was paid on Friday, September 6th. Stockholders of record on Friday, August 23rd were given a dividend of $0.66 per share. This represents a $2.64 dividend on an annualized basis and a dividend yield of 3.04%. The ex-dividend date was Friday, August 23rd. Scotts Miracle-Gro’s dividend payout ratio is currently -42.31%.

Insiders Place Their Bets

In other news, Director Stephen L. Johnson sold 960 shares of Scotts Miracle-Gro stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $77.95, for a total value of $74,832.00. Following the completion of the transaction, the director now owns 22,940 shares in the company, valued at $1,788,173. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, major shareholder Hagedorn Partnership, L.P. sold 85,130 shares of the business’s stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $70.93, for a total transaction of $6,038,270.90. Following the transaction, the insider now directly owns 13,608,238 shares of the company’s stock, valued at approximately $965,232,321.34. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Stephen L. Johnson sold 960 shares of Scotts Miracle-Gro stock in a transaction that occurred 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 sale, the director now directly owns 22,940 shares of the company’s stock, valued at $1,788,173. The disclosure for this sale can be found here. Insiders have sold 89,078 shares of company stock worth $6,325,042 over the last 90 days. Corporate insiders own 26.46% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently commented on SMG. Wells Fargo & Company increased their price target on shares of Scotts Miracle-Gro from $75.00 to $85.00 and gave the company an “overweight” rating in a research report on Thursday, August 1st. Stifel Nicolaus raised their target price on shares of Scotts Miracle-Gro from $70.00 to $75.00 and gave the stock a “hold” rating in a research 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. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $80.00.

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.