Fox Run Management L.L.C. Purchases Shares of 10,072 The Scotts Miracle-Gro Company $SMG

Fox Run Management L.L.C. acquired a new position in shares of The Scotts Miracle-Gro Company (NYSE:SMG) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 10,072 shares of the basic materials company’s stock, valued at approximately $574,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the company. Covestor Ltd grew its holdings in Scotts Miracle-Gro by 201.1% during the third quarter. Covestor Ltd now owns 527 shares of the basic materials company’s stock worth $30,000 after purchasing an additional 352 shares during the period. Hantz Financial Services Inc. boosted its stake in shares of Scotts Miracle-Gro by 157.3% during the 3rd quarter. Hantz Financial Services Inc. now owns 584 shares of the basic materials company’s stock worth $33,000 after acquiring an additional 357 shares during the period. Smartleaf Asset Management LLC increased its holdings in shares of Scotts Miracle-Gro by 156.7% during the 3rd quarter. Smartleaf Asset Management LLC now owns 634 shares of the basic materials company’s stock worth $35,000 after acquiring an additional 387 shares during the last quarter. Spire Wealth Management increased its holdings in shares of Scotts Miracle-Gro by 32.1% during the 2nd quarter. Spire Wealth Management now owns 725 shares of the basic materials company’s stock worth $48,000 after acquiring an additional 176 shares during the last quarter. Finally, First Horizon Advisors Inc. raised its stake in Scotts Miracle-Gro by 835.1% in the 2nd quarter. First Horizon Advisors Inc. now owns 907 shares of the basic materials company’s stock valued at $60,000 after acquiring an additional 810 shares during the period. 74.07% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. UBS Group set a $67.00 price objective on shares of Scotts Miracle-Gro in a report on Thursday, January 29th. Jefferies Financial Group lifted 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. Weiss Ratings reiterated a “hold (c-)” rating on shares of Scotts Miracle-Gro in a research note on Wednesday, January 21st. Wells Fargo & Company restated an “overweight” rating on shares of Scotts Miracle-Gro in a research report on Tuesday, February 17th. Finally, Stifel Nicolaus set a $70.00 price objective on Scotts Miracle-Gro and gave the stock a “buy” rating in a report on Thursday, November 6th. Five investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $71.00.

Scotts Miracle-Gro Trading Up 0.5%

NYSE SMG opened at $70.20 on Friday. The company has a market cap of $4.07 billion, a price-to-earnings ratio of 47.76 and a beta of 1.98. The Scotts Miracle-Gro Company has a 1-year low of $45.61 and a 1-year high of $72.35. The company has a 50 day moving average of $63.80 and a 200-day moving average of $59.77.

Scotts Miracle-Gro (NYSE:SMG) last announced its quarterly earnings data on Wednesday, January 28th. The basic materials company reported ($0.77) earnings per share for the quarter, beating the consensus estimate of ($1.04) by $0.27. The firm had revenue of $354.40 million during the quarter, compared to analysts’ expectations 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 quarterly revenue was down 3.3% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.89) EPS. Scotts Miracle-Gro has set its FY 2026 guidance at 4.150-4.35 EPS. On average, equities research analysts forecast that The Scotts Miracle-Gro Company will post 3.42 earnings per share for the current year.

Scotts Miracle-Gro Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, March 6th. Stockholders of record on Friday, February 20th 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 3.8%. The ex-dividend date of this dividend is Friday, February 20th. Scotts Miracle-Gro’s dividend payout ratio is 179.59%.

Insider Activity at Scotts Miracle-Gro

In other Scotts Miracle-Gro news, Director Hagedorn Partnership, L.P. sold 50,000 shares of the business’s stock in a transaction that occurred on 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 completion of the transaction, the director directly owned 13,167,641 shares in the company, valued at $874,331,362.40. The trade was a 0.38% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Mark J. Scheiwer bought 693 shares of the business’s stock in a transaction on Tuesday, February 24th. The shares were acquired at an average price of $71.44 per share, with a total value of $49,507.92. Following the completion of the purchase, the executive vice president directly owned 15,370 shares of the company’s stock, valued at approximately $1,098,032.80. The trade was a 4.72% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Company insiders own 24.40% of the company’s stock.

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.