31,738 Shares in The Scotts Miracle-Gro Company $SMG Bought by Compass Financial Management LLC

Key Points

• Compass Financial Management acquired 31,738 shares of Scotts Miracle-Gro in the second quarter, valued at approximately $2.16 million. Institutional investors and hedge funds collectively own 74.07% of the company.
• Analyst sentiment remains mixed, with three Buy ratings and four Hold ratings. The consensus rating is Hold, with an average price target of $75.40 versus the stock’s reported $59.46 opening price.
• Scotts Miracle-Gro exceeded quarterly earnings expectations, reporting $2.82 in EPS versus the $2.48 consensus, while revenue rose 1.1% year over year to $1.17 billion. The company also paid a quarterly dividend of $0.66, representing a 4.4% annualized yield.

Compass Financial Management LLC acquired a new position in shares of The Scotts Miracle-Gro Company (NYSE:SMG - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 31,738 shares of the basic materials company's stock, valued at approximately $2,162,000. Compass Financial Management LLC owned about 0.05% of Scotts Miracle-Gro as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Cassaday & Co Wealth Management LLC acquired a new stake in shares of Scotts Miracle-Gro during the first quarter worth about $26,000. Caitong International Asset Management Co. Ltd purchased a new position in shares of Scotts Miracle-Gro during the third quarter worth about $32,000. Elevation Wealth Partners LLC increased its position in Scotts Miracle-Gro by 394.1% in the 2nd quarter. Elevation Wealth Partners LLC now owns 751 shares of the basic materials company's stock valued at $51,000 after acquiring an additional 599 shares during the period. SBI Securities Co. Ltd. increased its position in Scotts Miracle-Gro by 127.9% in the 4th quarter. SBI Securities Co. Ltd. now owns 889 shares of the basic materials company's stock valued at $52,000 after acquiring an additional 499 shares during the period. Finally, Aster Capital Management DIFC Ltd purchased a new stake in Scotts Miracle-Gro during the 4th quarter valued at approximately $53,000. 74.07% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

SMG has been the subject of a number of recent research reports. UBS Group increased their price objective on Scotts Miracle-Gro from $70.00 to $78.00 and gave the stock a "neutral" rating in a research report on Thursday, July 30th. Weiss Ratings restated a "hold (c)" rating on shares of Scotts Miracle-Gro in a research note on Friday, July 31st. Wells Fargo & Company increased their price target on Scotts Miracle-Gro from $74.00 to $77.00 and gave the stock an "overweight" rating in a report on Thursday, July 30th. Stifel Nicolaus lifted their price objective on shares of Scotts Miracle-Gro from $75.00 to $76.00 and gave the company a "buy" rating in a research report on Monday, August 3rd. Finally, Wall Street Zen cut shares of Scotts Miracle-Gro from a "buy" rating to a "hold" rating in a research note on Saturday, August 1st. Three equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, Scotts Miracle-Gro has a consensus rating of "Hold" and an average price target of $75.40.

Scotts Miracle-Gro Trading Up 0.3%

Shares of SMG opened at $59.46 on Friday. The Scotts Miracle-Gro Company has a twelve month low of $52.00 and a twelve month high of $75.34. The stock's 50 day moving average is $64.89 and its two-hundred day moving average is $63.80. The firm has a market capitalization of $3.46 billion, a PE ratio of 51.70 and a beta of 1.83.

Scotts Miracle-Gro (NYSE:SMG - Get Free Report) last issued its earnings results on Wednesday, July 29th. The basic materials company reported $2.82 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.48 by $0.34. The business had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.17 billion. Scotts Miracle-Gro had a negative return on equity of 81.90% and a net margin of 2.19%.The company's revenue for the quarter was up 1.1% on a year-over-year basis. During the same period in the prior year, the business posted $2.59 EPS. On average, sell-side analysts predict that The Scotts Miracle-Gro Company will post 4.41 EPS for the current year.

Scotts Miracle-Gro Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 4th. Shareholders of record on Friday, August 21st were issued a $0.66 dividend. The ex-dividend date of this dividend was Friday, August 21st. This represents a $2.64 dividend on an annualized basis and a yield of 4.4%. Scotts Miracle-Gro's dividend payout ratio (DPR) is 229.57%.

Insider Buying and Selling at Scotts Miracle-Gro

In other news, Director Mark D. Kingdon sold 831 shares of the company's stock in a transaction on Monday, August 10th. The shares were sold at an average price of $61.65, for a total transaction of $51,231.15. Following the transaction, the director directly owned 10,827 shares of the company's stock, valued at $667,484.55. This represents a 7.13% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Hagedorn Partnership, L.P. sold 30,000 shares of the stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $67.45, for a total transaction of $2,023,500.00. Following the completion of the transaction, the director owned 13,137,641 shares of the company's stock, valued at $886,133,885.45. This represents a 0.23% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 32,002 shares of company stock valued at $2,154,734. 24.40% of the stock is owned by company insiders.

Scotts Miracle-Gro Profile

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.

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