The Scotts Miracle-Gro Company (NYSE:SMG) Shares Sold by Vontobel Holding Ltd.

Vontobel Holding Ltd. lowered its position in The Scotts Miracle-Gro Company (NYSE:SMG) by 18.5% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 10,145 shares of the basic materials company’s stock after selling 2,309 shares during the period. Vontobel Holding Ltd.’s holdings in Scotts Miracle-Gro were worth $880,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of SMG. Versant Capital Management Inc raised its position in shares of Scotts Miracle-Gro by 80.1% during the 2nd quarter. Versant Capital Management Inc now owns 389 shares of the basic materials company’s stock worth $25,000 after purchasing an additional 173 shares during the last quarter. Whittier Trust Co. of Nevada Inc. purchased a new position in shares of Scotts Miracle-Gro during the 2nd quarter worth approximately $25,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Scotts Miracle-Gro during the 2nd quarter worth approximately $29,000. Hexagon Capital Partners LLC boosted its position in shares of Scotts Miracle-Gro by 41.3% during the 2nd quarter. Hexagon Capital Partners LLC now owns 551 shares of the basic materials company’s stock worth $36,000 after purchasing an additional 161 shares during the period. Finally, Abich Financial Wealth Management LLC boosted its position in shares of Scotts Miracle-Gro by 11,216.7% during the 1st quarter. Abich Financial Wealth Management LLC now owns 679 shares of the basic materials company’s stock worth $51,000 after purchasing an additional 673 shares during the period. Institutional investors and hedge funds own 74.07% of the company’s stock.

Scotts Miracle-Gro Price Performance

NYSE SMG opened at $90.14 on Monday. The Scotts Miracle-Gro Company has a 12 month low of $43.67 and a 12 month high of $91.09. The company has a market capitalization of $5.12 billion, a price-to-earnings ratio of -14.45 and a beta of 1.76. The firm’s fifty day moving average price is $76.57 and its 200 day moving average price is $70.92.

Scotts Miracle-Gro (NYSE:SMG) last issued its quarterly earnings data on Wednesday, July 31st. The basic materials company reported $2.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.89 by $0.42. Scotts Miracle-Gro had a negative net margin of 7.38% and a negative return on equity of 41.19%. The company had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.20 billion. During the same period last year, the firm posted $1.17 EPS. Scotts Miracle-Gro’s revenue for the quarter was up 7.5% on a year-over-year basis. As a group, sell-side analysts forecast that The Scotts Miracle-Gro Company will post 2.62 earnings per share for the current year.

Scotts Miracle-Gro Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 6th. Shareholders of record on Friday, August 23rd were given a dividend of $0.66 per share. This represents a $2.64 annualized dividend and a yield of 2.93%. The ex-dividend date was Friday, August 23rd. Scotts Miracle-Gro’s payout ratio is currently -42.31%.

Insiders Place Their Bets

In other Scotts Miracle-Gro news, COO Nathan Eric Baxter sold 2,988 shares of the firm’s stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $70.93, for a total transaction of $211,938.84. Following the transaction, the chief operating officer now directly owns 37,920 shares of the company’s stock, valued at approximately $2,689,665.60. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, Director Stephen L. Johnson sold 960 shares of Scotts Miracle-Gro stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $77.95, for a total value of $74,832.00. Following the sale, the director now owns 22,940 shares of the company’s stock, valued at $1,788,173. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Nathan Eric Baxter sold 2,988 shares of Scotts Miracle-Gro stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $70.93, for a total transaction of $211,938.84. Following the completion of the sale, the chief operating officer now directly owns 37,920 shares in the company, valued at approximately $2,689,665.60. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 89,078 shares of company stock valued at $6,325,042. Insiders own 26.46% of the company’s stock.

Analyst Upgrades and Downgrades

SMG has been the subject of a number of research analyst reports. Wells Fargo & Company increased their price objective on shares of Scotts Miracle-Gro from $75.00 to $85.00 and gave the stock an “overweight” rating in a research report on Thursday, August 1st. Stifel Nicolaus increased their target price on shares of Scotts Miracle-Gro from $70.00 to $75.00 and gave the stock a “hold” rating in a report on Friday, August 2nd. Finally, Truist Financial increased their target price on shares of Scotts Miracle-Gro from $65.00 to $90.00 and gave the stock a “hold” rating in a report on Wednesday, October 16th. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $83.75.

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.