PharVision Advisers LLC Takes Position in The Scotts Miracle-Gro Company $SMG

Key Points

• PharVision Advisers LLC purchased 5,760 shares of The Scotts Miracle-Gro Company valued at approximately $316,000 in the first quarter, reflecting increased interest from institutional investors.
• Scotts Miracle-Gro reported an earnings per share (EPS) of $2.59 for the last quarter, exceeding estimates, but its revenue decreased by 1.2% year-over-year.
• The company has a dividend yield of 4.2%, but its payout ratio is notably high at 347.37%.

PharVision Advisers LLC acquired a new position in shares of The Scotts Miracle-Gro Company (NYSE:SMG - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 5,760 shares of the basic materials company's stock, valued at approximately $316,000.

Other large investors also recently made changes to their positions in the company. Spire Wealth Management increased its holdings in shares of Scotts Miracle-Gro by 477.9% in the 1st quarter. Spire Wealth Management now owns 549 shares of the basic materials company's stock valued at $30,000 after purchasing an additional 454 shares during the period. UMB Bank n.a. increased its holdings in shares of Scotts Miracle-Gro by 479.4% in the 1st quarter. UMB Bank n.a. now owns 562 shares of the basic materials company's stock valued at $31,000 after purchasing an additional 465 shares during the period. Avalon Trust Co acquired a new position in shares of Scotts Miracle-Gro in the 1st quarter valued at about $41,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Scotts Miracle-Gro in the 4th quarter valued at about $73,000. Finally, GAMMA Investing LLC increased its holdings in shares of Scotts Miracle-Gro by 31.6% in the 1st quarter. GAMMA Investing LLC now owns 1,614 shares of the basic materials company's stock valued at $89,000 after purchasing an additional 388 shares during the period. Institutional investors and hedge funds own 74.07% of the company's stock.

Insider Buying and Selling

In related news, EVP Mark J. Scheiwer bought 1,790 shares of the firm's stock in a transaction on Wednesday, September 3rd. The stock was purchased at an average price of $61.32 per share, with a total value of $109,762.80. Following the completion of the transaction, the executive vice president directly owned 10,130 shares of the company's stock, valued at $621,171.60. This trade represents a 21.46% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Hagedorn Partnership, L.P. sold 56,633 shares of the company's stock in a transaction that occurred on Friday, September 5th. The stock was sold at an average price of $63.02, for a total value of $3,569,011.66. Following the sale, the director directly owned 13,217,641 shares of the company's stock, valued at $832,975,735.82. The trade was a 0.43% decrease in their position. The disclosure for this sale can be found here. 25.37% of the stock is owned by corporate insiders.

Scotts Miracle-Gro Price Performance

NYSE:SMG traded down $0.62 during mid-day trading on Monday, reaching $62.42. The stock had a trading volume of 635,028 shares, compared to its average volume of 719,364. The business's 50 day moving average is $64.51 and its 200 day moving average is $60.33. The Scotts Miracle-Gro Company has a fifty-two week low of $45.61 and a fifty-two week high of $93.90. The stock has a market cap of $3.60 billion, a P/E ratio of 82.13 and a beta of 1.98.

Scotts Miracle-Gro (NYSE:SMG - Get Free Report) last announced its earnings results on Wednesday, July 30th. The basic materials company reported $2.59 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.19 by $0.40. The firm had revenue of $1.19 billion during the quarter, compared to analysts' expectations of $1.23 billion. Scotts Miracle-Gro had a negative return on equity of 60.46% and a net margin of 1.54%.The company's revenue was down 1.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.31 earnings per share. Scotts Miracle-Gro has set its FY 2025 guidance at 3.500- EPS. Equities analysts expect that The Scotts Miracle-Gro Company will post 3.42 EPS for the current year.

Scotts Miracle-Gro Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, September 5th. Shareholders of record on Friday, August 22nd were given a dividend of $0.66 per share. The ex-dividend date of this dividend was Friday, August 22nd. This represents a $2.64 dividend on an annualized basis and a yield of 4.2%. Scotts Miracle-Gro's dividend payout ratio is presently 347.37%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. Zacks Research upgraded Scotts Miracle-Gro from a "hold" rating to a "strong-buy" rating in a report on Thursday, August 21st. Wells Fargo & Company upped their target price on Scotts Miracle-Gro from $72.00 to $75.00 and gave the company an "overweight" rating in a report on Wednesday, July 9th. Wall Street Zen downgraded Scotts Miracle-Gro from a "buy" rating to a "hold" rating in a report on Friday. Truist Financial set a $80.00 price objective on Scotts Miracle-Gro and gave the stock a "buy" rating in a report on Monday, July 14th. Finally, UBS Group set a $68.00 price objective on Scotts Miracle-Gro and gave the stock a "neutral" rating in a report on Thursday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and two have issued a Hold rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $71.17.

About Scotts Miracle-Gro

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.