Scotts Miracle-Gro (NYSE:SMG) Director Hagedorn Partnership, L.P. Sells 50,000 Shares

The Scotts Miracle-Gro Company (NYSE:SMG) Director Hagedorn Partnership, L.P. sold 50,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 12th. The stock was 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. The trade was a 0.38% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Scotts Miracle-Gro Trading Up 2.4%

NYSE SMG traded up $1.59 during trading hours on Friday, reaching $68.36. 861,700 shares of the company traded hands, compared to its average volume of 908,550. The company has a 50 day moving average of $60.87 and a two-hundred day moving average of $59.23. The stock has a market capitalization of $3.97 billion, a PE ratio of 46.50 and a beta of 1.98. The Scotts Miracle-Gro Company has a 12 month low of $45.61 and a 12 month high of $70.67.

Scotts Miracle-Gro (NYSE:SMG) last posted its quarterly earnings results on Wednesday, January 28th. The basic materials company reported ($0.77) EPS for the quarter, topping analysts’ consensus estimates of ($1.04) by $0.27. The business 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%.The company’s revenue for the quarter was down 3.3% compared to the same quarter last year. During the same period last year, the firm earned ($0.89) earnings per share. Scotts Miracle-Gro has set its FY 2026 guidance at 4.150-4.35 EPS. On average, equities research analysts anticipate that The Scotts Miracle-Gro Company will post 3.42 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 6th. Stockholders of record on Friday, February 20th will be given a dividend of $0.66 per share. The ex-dividend date is Friday, February 20th. This represents a $2.64 annualized dividend and a dividend yield of 3.9%. Scotts Miracle-Gro’s payout ratio is currently 179.59%.

Analyst Ratings Changes

SMG has been the subject of a number of research reports. Jefferies Financial Group raised their target price on shares of Scotts Miracle-Gro from $71.00 to $74.00 and gave the stock a “buy” rating in a report on Wednesday, November 5th. Wells Fargo & Company upped their price objective on shares of Scotts Miracle-Gro from $67.00 to $70.00 and gave the company an “overweight” rating in a research note on Thursday, January 29th. Wall Street Zen downgraded shares of Scotts Miracle-Gro from a “buy” rating to a “hold” rating in a research report on Saturday, October 25th. Stifel Nicolaus set a $70.00 price target on shares of Scotts Miracle-Gro and gave the company a “buy” rating in a report on Thursday, November 6th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Scotts Miracle-Gro in a research note on Wednesday, January 21st. Five research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $71.00.

Hedge Funds Weigh In On Scotts Miracle-Gro

Several institutional investors have recently bought and sold shares of SMG. Stifel Financial Corp boosted its holdings in shares of Scotts Miracle-Gro by 72.8% during the 4th quarter. Stifel Financial Corp now owns 131,560 shares of the basic materials company’s stock worth $7,677,000 after buying an additional 55,430 shares during the period. Quarry LP grew its position in shares of Scotts Miracle-Gro by 314.4% in the fourth quarter. Quarry LP now owns 1,326 shares of the basic materials company’s stock valued at $77,000 after purchasing an additional 1,006 shares during the last quarter. Bank of Nova Scotia increased its stake in shares of Scotts Miracle-Gro by 4.2% in the fourth quarter. Bank of Nova Scotia now owns 20,256 shares of the basic materials company’s stock worth $1,182,000 after purchasing an additional 815 shares during the period. SG Capital Management LLC lifted its position in shares of Scotts Miracle-Gro by 327.7% during the 4th quarter. SG Capital Management LLC now owns 227,686 shares of the basic materials company’s stock worth $13,285,000 after purchasing an additional 174,452 shares during the last quarter. Finally, Alyeska Investment Group L.P. boosted its stake in Scotts Miracle-Gro by 38.9% during the 4th quarter. Alyeska Investment Group L.P. now owns 566,285 shares of the basic materials company’s stock valued at $33,043,000 after purchasing an additional 158,660 shares during the period. 74.07% of the stock is currently owned by institutional investors.

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.