The Scotts Miracle-Gro Company $SMG is Landscape Capital Management L.L.C.’s 10th Largest Position

Landscape Capital Management L.L.C. grew its holdings in The Scotts Miracle-Gro Company (NYSE:SMG) by 276.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 250,766 shares of the basic materials company’s stock after acquiring an additional 184,170 shares during the quarter. Scotts Miracle-Gro accounts for approximately 0.9% of Landscape Capital Management L.L.C.’s holdings, making the stock its 10th largest holding. Landscape Capital Management L.L.C.’s holdings in Scotts Miracle-Gro were worth $14,281,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Rehmann Capital Advisory Group boosted its stake in Scotts Miracle-Gro by 16.8% in the 3rd quarter. Rehmann Capital Advisory Group now owns 4,503 shares of the basic materials company’s stock worth $257,000 after purchasing an additional 648 shares in the last quarter. Sei Investments Co. increased its stake in Scotts Miracle-Gro by 18.5% during the 3rd quarter. Sei Investments Co. now owns 238,360 shares of the basic materials company’s stock valued at $13,575,000 after purchasing an additional 37,185 shares in the last quarter. UBS Group AG raised its holdings in shares of Scotts Miracle-Gro by 22.5% in the third quarter. UBS Group AG now owns 361,352 shares of the basic materials company’s stock worth $20,579,000 after buying an additional 66,439 shares during the last quarter. BNP Paribas Financial Markets lifted its stake in shares of Scotts Miracle-Gro by 1.5% during the third quarter. BNP Paribas Financial Markets now owns 113,861 shares of the basic materials company’s stock worth $6,484,000 after buying an additional 1,682 shares during the period. Finally, Ceredex Value Advisors LLC purchased a new stake in shares of Scotts Miracle-Gro during the third quarter valued at $11,068,000. Institutional investors and hedge funds own 74.07% of the company’s stock.

Insider Transactions at Scotts Miracle-Gro

In other news, Director Hagedorn Partnership, L.P. sold 50,000 shares of the stock in a transaction dated Thursday, February 12th. The shares were sold at an average price of $66.40, for a total transaction of $3,320,000.00. Following the sale, the director directly owned 13,167,641 shares of the company’s stock, valued at $874,331,362.40. This represents a 0.38% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Mark J. Scheiwer bought 693 shares of the company’s stock in a transaction dated Tuesday, February 24th. The shares were acquired at an average price of $71.44 per share, for a total transaction of $49,507.92. Following the completion of the transaction, the executive vice president directly owned 15,370 shares in the company, valued at approximately $1,098,032.80. This trade represents a 4.72% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Corporate insiders own 24.40% of the company’s stock.

Analyst Upgrades and Downgrades

SMG has been the subject of a number of research reports. Wells Fargo & Company reaffirmed an “overweight” rating on shares of Scotts Miracle-Gro in a research report on Tuesday, February 17th. Weiss Ratings restated a “hold (c-)” rating on shares of Scotts Miracle-Gro in a research note on Wednesday, January 21st. Stifel Nicolaus upped their target price on Scotts Miracle-Gro from $70.00 to $79.00 and gave the company a “buy” rating in a research report on Tuesday, March 3rd. Finally, UBS Group set a $67.00 price target on shares of Scotts Miracle-Gro in a research report on Thursday, January 29th. Five analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $72.50.

Scotts Miracle-Gro Stock Up 2.0%

Shares of SMG traded up $1.18 during mid-day trading on Friday, reaching $60.83. The company had a trading volume of 68,102 shares, compared to its average volume of 870,376. The stock has a market capitalization of $3.53 billion, a P/E ratio of 41.36 and a beta of 1.96. The Scotts Miracle-Gro Company has a 52-week low of $45.61 and a 52-week high of $72.35. The stock has a 50 day moving average of $65.13 and a two-hundred day moving average of $59.99.

Scotts Miracle-Gro (NYSE:SMG) last announced its quarterly earnings results on Wednesday, January 28th. The basic materials company reported ($0.77) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($1.04) by $0.27. The company had revenue of $354.40 million during the quarter, compared to the consensus estimate of $353.25 million. Scotts Miracle-Gro had a negative return on equity of 68.59% and a net margin of 2.68%.Scotts Miracle-Gro’s revenue for the quarter was down 3.3% on a year-over-year basis. During the same period in the previous year, the company posted ($0.89) earnings per share. Scotts Miracle-Gro has set its FY 2026 guidance at 4.150-4.35 EPS. On average, sell-side analysts expect that The Scotts Miracle-Gro Company will post 3.42 earnings per share for the current year.

Scotts Miracle-Gro Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 6th. Shareholders of record on Friday, February 20th were issued a $0.66 dividend. The ex-dividend date of this dividend was Friday, February 20th. This represents a $2.64 dividend on an annualized basis and a yield of 4.3%. Scotts Miracle-Gro’s payout ratio is presently 179.59%.

About Scotts Miracle-Gro

Scotts Miracle-Gro Company is a leading developer, manufacturer and distributor of consumer lawn and garden products. The firm serves both retail and professional customers through an array of branded offerings that include lawn fertilizers, grass seed, pest and disease control solutions, plant foods and specialty products for indoor and outdoor gardening. Its portfolio spans well-known names such as Scotts®, Miracle-Gro®, Ortho® and various hydroponic and specialty garden brands.

Headquartered in Marysville, Ohio, the company traces its roots to O.M.