561 Shares in The Scotts Miracle-Gro Company (NYSE:SMG) Purchased by Frazier Financial Advisors LLC

Frazier Financial Advisors LLC acquired a new position in shares of The Scotts Miracle-Gro Company (NYSE:SMG) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 561 shares of the basic materials company’s stock, valued at approximately $36,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. grew its position in Scotts Miracle-Gro by 0.8% in the 3rd quarter. Vanguard Group Inc. now owns 4,640,383 shares of the basic materials company’s stock worth $239,815,000 after purchasing an additional 35,002 shares during the last quarter. Earnest Partners LLC grew its position in Scotts Miracle-Gro by 4.2% in the 3rd quarter. Earnest Partners LLC now owns 2,711,024 shares of the basic materials company’s stock worth $140,106,000 after purchasing an additional 108,593 shares during the last quarter. Northern Trust Corp grew its position in Scotts Miracle-Gro by 13.3% in the 3rd quarter. Northern Trust Corp now owns 1,011,906 shares of the basic materials company’s stock worth $52,295,000 after purchasing an additional 119,115 shares during the last quarter. Empower Advisory Group LLC grew its position in Scotts Miracle-Gro by 18.8% in the 3rd quarter. Empower Advisory Group LLC now owns 903,974 shares of the basic materials company’s stock worth $46,717,000 after purchasing an additional 143,326 shares during the last quarter. Finally, Envestnet Asset Management Inc. grew its position in Scotts Miracle-Gro by 62.9% in the 3rd quarter. Envestnet Asset Management Inc. now owns 595,995 shares of the basic materials company’s stock worth $30,801,000 after purchasing an additional 230,155 shares during the last quarter. Institutional investors and hedge funds own 74.07% of the company’s stock.

Insiders Place Their Bets

In other Scotts Miracle-Gro news, Director Hagedorn Partnership, L.P. sold 31,000 shares of the stock in a transaction that occurred on Tuesday, May 7th. The shares were sold at an average price of $69.67, for a total value of $2,159,770.00. Following the completion of the sale, the director now owns 13,746,012 shares in the company, valued at approximately $957,684,656.04. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders sold a total of 132,356 shares of company stock worth $8,684,316 in the last quarter. 26.46% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several research analysts have commented on SMG shares. Raymond James restated a “market perform” rating on shares of Scotts Miracle-Gro in a research report on Monday, March 25th. Truist Financial cut shares of Scotts Miracle-Gro from a “buy” rating to a “hold” rating and increased their price objective for the company from $65.00 to $75.00 in a report on Friday, April 5th. Stifel Nicolaus increased their price objective on shares of Scotts Miracle-Gro from $55.00 to $65.00 and gave the company a “hold” rating in a report on Monday, March 4th. StockNews.com upgraded shares of Scotts Miracle-Gro from a “sell” rating to a “hold” rating in a report on Thursday, April 4th. Finally, Wells Fargo & Company decreased their price objective on shares of Scotts Miracle-Gro from $85.00 to $83.00 and set an “overweight” rating for the company in a report on Thursday, May 2nd. Five analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, Scotts Miracle-Gro currently has an average rating of “Hold” and an average target price of $73.00.

Scotts Miracle-Gro Stock Performance

Shares of NYSE:SMG traded down $0.69 during mid-day trading on Thursday, hitting $65.09. The stock had a trading volume of 215,586 shares, compared to its average volume of 752,515. The company has a market cap of $3.70 billion, a PE ratio of -10.65 and a beta of 1.70. The Scotts Miracle-Gro Company has a 12-month low of $43.67 and a 12-month high of $77.95. The company’s 50 day moving average is $70.09 and its 200-day moving average is $63.13.

Scotts Miracle-Gro (NYSE:SMG) last issued its quarterly earnings results on Wednesday, May 1st. The basic materials company reported $3.69 EPS for the quarter, beating the consensus estimate of $3.33 by $0.36. Scotts Miracle-Gro had a negative net margin of 10.14% and a negative return on equity of 20.97%. The business had revenue of $1.53 billion during the quarter, compared to the consensus estimate of $1.50 billion. During the same quarter in the prior year, the firm earned $3.78 EPS. The firm’s quarterly revenue was down .4% on a year-over-year basis. On average, equities research analysts predict that The Scotts Miracle-Gro Company will post 2.66 EPS for the current fiscal year.

Scotts Miracle-Gro Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 7th. Shareholders of record on Friday, May 24th will be given a $0.66 dividend. The ex-dividend date of this dividend is Thursday, May 23rd. This represents a $2.64 dividend on an annualized basis and a yield of 4.06%. Scotts Miracle-Gro’s payout ratio is -42.31%.

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.