The Scotts Miracle-Gro Company (NYSE:SMG) Director Hagedorn Partnership, L.P. Sells 12,123 Shares

The Scotts Miracle-Gro Company (NYSE:SMG) Director Hagedorn Partnership, L.P. sold 12,123 shares of the stock in a transaction on Friday, February 7th. The stock was sold at an average price of $66.86, for a total transaction of $810,543.78. Following the sale, the director now directly owns 13,432,151 shares in the company, valued at $898,073,615.86. This trade represents a 0.09 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Hagedorn Partnership, L.P. also recently made the following trade(s):

• On Monday, December 2nd, Hagedorn Partnership, L.P. sold 500 shares of Scotts Miracle-Gro stock. The stock was sold at an average price of $77.14, for a total transaction of $38,570.00.
• On Wednesday, November 27th, Hagedorn Partnership, L.P. sold 28,000 shares of Scotts Miracle-Gro stock. The stock was sold at an average price of $75.91, for a total transaction of $2,125,480.00.

Scotts Miracle-Gro Stock Up 1.7 %

Scotts Miracle-Gro stock traded up $1.11 during trading hours on Tuesday, hitting $67.58. 783,228 shares of the company traded hands, compared to its average volume of 703,920. The firm has a market cap of $3.88 billion, a P/E ratio of -140.79 and a beta of 1.74. The firm’s 50-day simple moving average is $70.18 and its two-hundred day simple moving average is $74.80. The Scotts Miracle-Gro Company has a 1-year low of $54.74 and a 1-year high of $93.90.

Scotts Miracle-Gro (NYSE:SMG) last posted its quarterly earnings data on Wednesday, January 29th. The basic materials company reported ($0.89) earnings per share for the quarter, beating the consensus estimate of ($1.23) by $0.34. Scotts Miracle-Gro had a negative net margin of 0.67% and a negative return on equity of 51.48%. During the same quarter last year, the business posted ($1.45) earnings per share. On average, equities research analysts predict that The Scotts Miracle-Gro Company will post 3.4 earnings per share for the current year.

Scotts Miracle-Gro Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 7th. Stockholders of record on Friday, February 21st will be given a dividend of $0.66 per share. The ex-dividend date is Friday, February 21st. This represents a $2.64 annualized dividend and a dividend yield of 3.91%. Scotts Miracle-Gro’s dividend payout ratio (DPR) is -549.99%.

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. Wells Fargo & Company dropped their target price on shares of Scotts Miracle-Gro from $85.00 to $80.00 and set an “overweight” rating on the stock in a report on Tuesday, January 7th. Truist Financial dropped their price objective on shares of Scotts Miracle-Gro from $90.00 to $70.00 and set a “hold” rating on the stock in a report on Friday, November 8th. JPMorgan Chase & Co. dropped their price objective on shares of Scotts Miracle-Gro from $85.00 to $80.00 and set an “overweight” rating on the stock in a report on Thursday, November 7th. Stifel Nicolaus increased their price objective on shares of Scotts Miracle-Gro from $75.00 to $81.00 and gave the stock a “hold” rating in a report on Monday, November 4th. Finally, Jefferies Financial Group assumed coverage on shares of Scotts Miracle-Gro in a report on Monday, December 9th. They issued a “hold” rating and a $72.00 price objective on the stock. Six analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, Scotts Miracle-Gro presently has an average rating of “Hold” and an average target price of $75.83.

Hedge Funds Weigh In On Scotts Miracle-Gro

Large investors have recently made changes to their positions in the business. OLD National Bancorp IN boosted its holdings in shares of Scotts Miracle-Gro by 2.7% in the third quarter. OLD National Bancorp IN now owns 5,049 shares of the basic materials company’s stock worth $438,000 after buying an additional 131 shares during the period. Nicollet Investment Management Inc. boosted its holdings in shares of Scotts Miracle-Gro by 1.1% in the third quarter. Nicollet Investment Management Inc. now owns 12,845 shares of the basic materials company’s stock worth $1,114,000 after buying an additional 135 shares during the period. PFG Investments LLC boosted its holdings in shares of Scotts Miracle-Gro by 4.6% in the fourth quarter. PFG Investments LLC now owns 3,226 shares of the basic materials company’s stock worth $214,000 after buying an additional 141 shares during the period. US Bancorp DE boosted its holdings in shares of Scotts Miracle-Gro by 0.4% during the fourth quarter. US Bancorp DE now owns 42,303 shares of the basic materials company’s stock worth $2,807,000 after purchasing an additional 154 shares during the period. Finally, Blue Trust Inc. boosted its holdings 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 period. Institutional investors own 74.07% of the company’s stock.

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.