2,416 Shares in The Scotts Miracle-Gro Company (NYSE:SMG) Purchased by Whetstone Capital Advisors LLC

Whetstone Capital Advisors LLC bought a new stake in The Scotts Miracle-Gro Company (NYSE:SMG) in the 3rd quarter, according to its most recent disclosure with the SEC. The fund bought 2,416 shares of the basic materials company’s stock, valued at approximately $209,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Price T Rowe Associates Inc. MD grew its stake in shares of Scotts Miracle-Gro by 24.8% during the first quarter. Price T Rowe Associates Inc. MD now owns 2,726,338 shares of the basic materials company’s stock worth $203,359,000 after purchasing an additional 542,406 shares in the last quarter. AQR Capital Management LLC increased its holdings in shares of Scotts Miracle-Gro by 194.2% in the 2nd quarter. AQR Capital Management LLC now owns 761,063 shares of the basic materials company’s stock valued at $49,515,000 after acquiring an additional 502,353 shares during the last quarter. Interval Partners LP increased its holdings in shares of Scotts Miracle-Gro by 3,581.1% in the 1st quarter. Interval Partners LP now owns 478,546 shares of the basic materials company’s stock valued at $35,695,000 after acquiring an additional 465,546 shares during the last quarter. International Assets Investment Management LLC raised its position in shares of Scotts Miracle-Gro by 8,330.2% during the 3rd quarter. International Assets Investment Management LLC now owns 281,485 shares of the basic materials company’s stock worth $24,405,000 after acquiring an additional 278,146 shares in the last quarter. Finally, Retirement Systems of Alabama lifted its stake in Scotts Miracle-Gro by 309.5% during the second quarter. Retirement Systems of Alabama now owns 215,717 shares of the basic materials company’s stock worth $14,035,000 after purchasing an additional 163,037 shares during the last quarter. 74.07% of the stock is currently owned by hedge funds and other institutional investors.

Scotts Miracle-Gro Price Performance

Shares of Scotts Miracle-Gro stock opened at $77.86 on Monday. The Scotts Miracle-Gro Company has a 1 year low of $53.43 and a 1 year high of $93.90. The company’s fifty day moving average is $82.15 and its two-hundred day moving average is $72.92.

Scotts Miracle-Gro Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 22nd will be issued a dividend of $0.66 per share. This represents a $2.64 dividend on an annualized basis and a dividend yield of 3.39%. The ex-dividend date of this dividend is Friday, November 22nd. Scotts Miracle-Gro’s dividend payout ratio is currently -382.61%.

Analyst Ratings Changes

A number of analysts have weighed in on SMG shares. Wells Fargo & Company cut their price objective on shares of Scotts Miracle-Gro from $95.00 to $85.00 and set an “overweight” rating on the stock in a report on Thursday, November 7th. UBS Group reduced their price target on shares of Scotts Miracle-Gro from $90.00 to $77.00 and set a “neutral” rating for the company in a research report on Thursday, November 7th. JPMorgan Chase & Co. decreased their price objective on shares of Scotts Miracle-Gro from $85.00 to $80.00 and set an “overweight” rating for the company in a research note on Thursday, November 7th. Truist Financial cut their target price on Scotts Miracle-Gro from $90.00 to $70.00 and set a “hold” rating on the stock in a research report on Friday, November 8th. Finally, Stifel Nicolaus upped their target price on Scotts Miracle-Gro from $75.00 to $81.00 and gave the company a “hold” rating in a research report on Monday, November 4th. Five research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, Scotts Miracle-Gro presently has a consensus rating of “Hold” and a consensus target price of $78.60.

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.