Choreo LLC Has $225,000 Stake in The Scotts Miracle-Gro Company (NYSE:SMG)

Choreo LLC reduced its holdings in The Scotts Miracle-Gro Company (NYSE:SMG) by 21.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,446 shares of the basic materials company’s stock after selling 958 shares during the period. Choreo LLC’s holdings in Scotts Miracle-Gro were worth $225,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. DAVENPORT & Co LLC raised its position in shares of Scotts Miracle-Gro by 9.7% during the 4th quarter. DAVENPORT & Co LLC now owns 24,456 shares of the basic materials company’s stock valued at $1,622,000 after acquiring an additional 2,162 shares during the last quarter. Caprock Group LLC grew its stake in shares of Scotts Miracle-Gro by 16.1% during the fourth quarter. Caprock Group LLC now owns 3,046 shares of the basic materials company’s stock worth $202,000 after purchasing an additional 423 shares during the period. Hunter Associates Investment Management LLC increased its holdings in Scotts Miracle-Gro by 8.1% in the fourth quarter. Hunter Associates Investment Management LLC now owns 25,982 shares of the basic materials company’s stock valued at $1,722,000 after purchasing an additional 1,950 shares during the last quarter. Crews Bank & Trust acquired a new position in Scotts Miracle-Gro in the fourth quarter valued at about $77,000. Finally, OLD National Bancorp IN boosted its holdings in Scotts Miracle-Gro by 7.9% during the fourth quarter. OLD National Bancorp IN now owns 5,447 shares of the basic materials company’s stock worth $361,000 after buying an additional 398 shares during the last quarter. 74.07% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Wells Fargo & Company lowered their price target on Scotts Miracle-Gro from $85.00 to $80.00 and set an “overweight” rating for the company in a research note on Tuesday, January 7th. Truist Financial lowered their target price on shares of Scotts Miracle-Gro from $90.00 to $70.00 and set a “hold” rating for the company in a research note on Friday, November 8th. JPMorgan Chase & Co. decreased their price target on shares of Scotts Miracle-Gro from $85.00 to $80.00 and set an “overweight” rating for the company in a report on Thursday, November 7th. Stifel Nicolaus upped their price objective on shares of Scotts Miracle-Gro from $75.00 to $81.00 and gave the company a “hold” rating in a research report on Monday, November 4th. Finally, UBS Group reduced their target price on Scotts Miracle-Gro from $77.00 to $72.00 and set a “neutral” rating on the stock in a report on Thursday, January 16th. Six analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $75.83.

Insider Activity

In other Scotts Miracle-Gro news, CEO James Hagedorn sold 142,733 shares of Scotts Miracle-Gro stock in a transaction on Thursday, January 30th. The shares were sold at an average price of $71.56, for a total value of $10,213,973.48. Following the sale, the chief executive officer now directly owns 88,310 shares in the company, valued at approximately $6,319,463.60. The trade was a 61.78 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, COO Nathan Eric Baxter sold 11,359 shares of the business’s stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $75.37, for a total transaction of $856,127.83. Following the sale, the chief operating officer now directly owns 51,631 shares in the company, valued at $3,891,428.47. This trade represents a 18.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 218,164 shares of company stock worth $15,789,544 over the last ninety days. Insiders own 25.37% of the company’s stock.

Scotts Miracle-Gro Stock Down 0.8 %

Shares of NYSE:SMG opened at $66.16 on Friday. The firm has a market cap of $3.80 billion, a price-to-earnings ratio of -137.82 and a beta of 1.74. The Scotts Miracle-Gro Company has a 12 month low of $56.01 and a 12 month high of $93.90. The company’s fifty day simple moving average is $69.45 and its 200 day simple moving average is $74.64.

Scotts Miracle-Gro (NYSE:SMG) last issued its quarterly earnings results on Wednesday, January 29th. The basic materials company reported ($0.89) EPS for the quarter, beating analysts’ consensus estimates of ($1.23) by $0.34. Scotts Miracle-Gro had a negative return on equity of 51.48% and a negative net margin of 0.67%. During the same period last year, the business earned ($1.45) EPS. Research analysts expect that The Scotts Miracle-Gro Company will post 3.4 earnings per share for the current fiscal year.

Scotts Miracle-Gro Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 7th. Shareholders of record on Friday, February 21st will be given a dividend of $0.66 per share. This represents a $2.64 dividend on an annualized basis and a yield of 3.99%. The ex-dividend date of this dividend is Friday, February 21st. Scotts Miracle-Gro’s dividend payout ratio (DPR) is currently -549.99%.

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.