Leeward Investments LLC MA Has $3 Million Holdings in The Scotts Miracle-Gro Company (NYSE:SMG)

Leeward Investments LLC MA trimmed its stake in shares of The Scotts Miracle-Gro Company (NYSE:SMG) by 3.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 45,178 shares of the basic materials company’s stock after selling 1,561 shares during the period. Leeward Investments LLC MA owned approximately 0.08% of Scotts Miracle-Gro worth $2,997,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the stock. Farther Finance Advisors LLC lifted its holdings in Scotts Miracle-Gro by 427.0% during the 3rd quarter. Farther Finance Advisors LLC now owns 332 shares of the basic materials company’s stock worth $29,000 after buying an additional 269 shares in the last quarter. Blue Trust Inc. raised its position 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 acquiring an additional 168 shares during the last quarter. Capital Performance Advisors LLP acquired a new position in shares of Scotts Miracle-Gro during the third quarter valued at $44,000. Wilmington Savings Fund Society FSB bought a new position in Scotts Miracle-Gro in the third quarter valued at about $44,000. Finally, Brooklyn Investment Group acquired a new stake in Scotts Miracle-Gro in the third quarter worth about $50,000. 74.07% of the stock is owned by institutional investors.

Scotts Miracle-Gro Price Performance

SMG stock opened at $60.32 on Monday. The stock has a market capitalization of $3.47 billion, a P/E ratio of -125.66 and a beta of 1.74. The Scotts Miracle-Gro Company has a fifty-two week low of $56.01 and a fifty-two week high of $93.90. The business has a 50-day moving average of $68.39 and a 200-day moving average of $74.37.

Scotts Miracle-Gro (NYSE:SMG) last released its quarterly earnings results on Wednesday, January 29th. The basic materials company reported ($0.89) earnings per share for the quarter, topping analysts’ consensus estimates of ($1.23) by $0.34. Scotts Miracle-Gro had a negative return on equity of 51.48% and a negative net margin of 0.67%. During the same quarter in the prior year, the company posted ($1.45) earnings per share. Equities analysts expect that The Scotts Miracle-Gro Company will post 3.42 EPS for the current year.

Scotts Miracle-Gro Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 7th. Shareholders of record on Friday, February 21st will be paid a $0.66 dividend. The ex-dividend date is Friday, February 21st. This represents a $2.64 annualized dividend and a yield of 4.38%. Scotts Miracle-Gro’s payout ratio is currently -549.99%.

Insider Buying and Selling at Scotts Miracle-Gro

In other Scotts Miracle-Gro news, major shareholder Hagedorn Partnership, L.P. sold 28,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $75.91, for a total transaction of $2,125,480.00. Following the transaction, the insider now owns 13,553,774 shares of the company’s stock, valued at $1,028,866,984.34. The trade was a 0.21 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Brian E. Sandoval sold 1,513 shares of the stock in a transaction that occurred on Wednesday, February 12th. The shares were sold at an average price of $65.86, for a total value of $99,646.18. Following the completion of the sale, the director now directly owns 13,039 shares of the company’s stock, valued at approximately $858,748.54. The trade was a 10.40 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 218,164 shares of company stock worth $15,789,544. Insiders own 25.37% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on SMG. Wells Fargo & Company reduced 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 research note on Tuesday, January 7th. Stifel Nicolaus increased their price objective on shares of Scotts Miracle-Gro from $75.00 to $81.00 and gave the company a “hold” rating in a report on Monday, November 4th. JPMorgan Chase & Co. lowered their target price on shares of Scotts Miracle-Gro from $85.00 to $80.00 and set an “overweight” rating for the company in a report on Thursday, November 7th. Jefferies Financial Group began coverage on Scotts Miracle-Gro in a research note on Monday, December 9th. They issued a “hold” rating and a $72.00 price target on the stock. Finally, UBS Group reduced their price target on Scotts Miracle-Gro from $77.00 to $72.00 and set a “neutral” rating on the stock in a research report on Thursday, January 16th. Six investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $75.83.

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.