The Scotts Miracle-Gro Company $SMG Shares Purchased by Quantbot Technologies LP

Key Points

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Quantbot Technologies LP lifted its position in The Scotts Miracle-Gro Company (NYSE:SMG - Free Report) by 48.9% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 94,403 shares of the basic materials company's stock after acquiring an additional 31,002 shares during the quarter. Quantbot Technologies LP owned 0.16% of Scotts Miracle-Gro worth $5,182,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the business. Point72 Asset Management L.P. bought a new position in Scotts Miracle-Gro in the fourth quarter worth approximately $53,453,000. Alyeska Investment Group L.P. purchased a new stake in shares of Scotts Miracle-Gro in the 4th quarter worth $39,434,000. Schonfeld Strategic Advisors LLC grew its position in shares of Scotts Miracle-Gro by 157.3% during the 4th quarter. Schonfeld Strategic Advisors LLC now owns 469,336 shares of the basic materials company's stock worth $31,136,000 after buying an additional 286,962 shares in the last quarter. Jacobs Levy Equity Management Inc. grew its position in shares of Scotts Miracle-Gro by 72.6% during the 4th quarter. Jacobs Levy Equity Management Inc. now owns 628,414 shares of the basic materials company's stock worth $41,689,000 after buying an additional 264,369 shares in the last quarter. Finally, Millennium Management LLC increased its stake in shares of Scotts Miracle-Gro by 87.9% during the fourth quarter. Millennium Management LLC now owns 365,548 shares of the basic materials company's stock valued at $24,250,000 after buying an additional 171,034 shares during the period. Hedge funds and other institutional investors own 74.07% of the company's stock.

Insider Activity

In other news, Director Hagedorn Partnership, L.P. sold 70,000 shares of Scotts Miracle-Gro stock in a transaction on Monday, August 4th. The shares were sold at an average price of $62.28, for a total transaction of $4,359,600.00. Following the completion of the sale, the director directly owned 13,274,274 shares in the company, valued at approximately $826,721,784.72. The trade was a 0.52% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 25.37% of the company's stock.

Scotts Miracle-Gro Stock Up 0.2%

Shares of NYSE SMG traded up $0.1290 during trading hours on Thursday, hitting $61.1690. 765,010 shares of the stock were exchanged, compared to its average volume of 930,331. The Scotts Miracle-Gro Company has a 12 month low of $45.61 and a 12 month high of $93.90. The firm has a fifty day moving average price of $64.79 and a 200-day moving average price of $60.77. The company has a market cap of $3.53 billion, a PE ratio of 80.49 and a beta of 1.97.

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

Scotts Miracle-Gro Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 5th. Shareholders of record on Friday, August 22nd will be issued a $0.66 dividend. The ex-dividend date of this dividend is Friday, August 22nd. This represents a $2.64 dividend on an annualized basis and a dividend yield of 4.3%. Scotts Miracle-Gro's dividend payout ratio (DPR) is currently 347.37%.

Analysts Set New Price Targets

SMG has been the subject of a number of research reports. UBS Group set a $68.00 price objective on shares of Scotts Miracle-Gro and gave the stock a "neutral" rating in a research note on Thursday, July 31st. Truist Financial set a $80.00 price target on shares of Scotts Miracle-Gro and gave the company a "buy" rating in a report on Monday, July 14th. Wall Street Zen raised shares of Scotts Miracle-Gro from a "hold" rating to a "buy" rating in a research report on Saturday, August 2nd. JPMorgan Chase & Co. cut their price objective on shares of Scotts Miracle-Gro from $80.00 to $65.00 and set an "overweight" rating on the stock in a report on Thursday, May 1st. Finally, Wells Fargo & Company upped their target price on Scotts Miracle-Gro from $72.00 to $75.00 and gave the stock an "overweight" rating in a report on Wednesday, July 9th. Four equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. According to data from MarketBeat, Scotts Miracle-Gro presently has a consensus rating of "Moderate Buy" and an average target price of $71.17.

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.