Quantinno Capital Management LP Acquires 9,344 Shares of The Scotts Miracle-Gro Company (NYSE:SMG)

Quantinno Capital Management LP increased its holdings in shares of The Scotts Miracle-Gro Company (NYSE:SMG - Free Report) by 10.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 96,562 shares of the basic materials company's stock after buying an additional 9,344 shares during the quarter. Quantinno Capital Management LP owned 0.17% of Scotts Miracle-Gro worth $6,406,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in the company. Atala Financial Inc acquired a new stake in shares of Scotts Miracle-Gro during the 4th quarter valued at about $25,000. SBI Securities Co. Ltd. purchased a new stake in Scotts Miracle-Gro in the fourth quarter valued at $26,000. Tortoise Investment Management LLC lifted its position in Scotts Miracle-Gro by 77.3% in the fourth quarter. Tortoise Investment Management LLC now owns 516 shares of the basic materials company's stock valued at $34,000 after buying an additional 225 shares during the last quarter. Blue Trust Inc. boosted its position in shares of Scotts Miracle-Gro by 68.3% during the 4th quarter. Blue Trust Inc. now owns 621 shares of the basic materials company's stock worth $41,000 after purchasing an additional 252 shares during the period. Finally, Frazier Financial Advisors LLC purchased a new stake in Scotts Miracle-Gro in the fourth quarter valued at approximately $45,000. Hedge funds and other institutional investors own 74.07% of the company's stock.

Scotts Miracle-Gro Price Performance

SMG traded up $0.02 on Tuesday, reaching $62.84. 575,928 shares of the company traded hands, compared to its average volume of 964,735. The stock's 50 day moving average price is $55.07 and its 200-day moving average price is $64.70. The Scotts Miracle-Gro Company has a 52-week low of $45.61 and a 52-week high of $93.90. The company has a market cap of $3.63 billion, a price-to-earnings ratio of -130.91 and a beta of 1.98.

Scotts Miracle-Gro (NYSE:SMG - Get Free Report) last issued its quarterly earnings data on Wednesday, April 30th. The basic materials company reported $3.98 earnings per share for the quarter, topping analysts' consensus estimates of $3.95 by $0.03. The business had revenue of $1.42 billion during the quarter, compared to analysts' expectations of $1.50 billion. Scotts Miracle-Gro had a negative net margin of 0.67% and a negative return on equity of 51.48%. Scotts Miracle-Gro's revenue for the quarter was down 6.8% on a year-over-year basis. During the same period in the previous year, the company earned $3.69 earnings per share. As a group, equities research analysts forecast that The Scotts Miracle-Gro Company will post 3.42 earnings per share for the current fiscal year.

Scotts Miracle-Gro Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 6th. Shareholders of record on Friday, May 23rd will be given a $0.66 dividend. The ex-dividend date is Friday, May 23rd. This represents a $2.64 dividend on an annualized basis and a yield of 4.20%. Scotts Miracle-Gro's payout ratio is 528.00%.

Analysts Set New Price Targets

SMG has been the subject of a number of analyst reports. Stifel Nicolaus upgraded shares of Scotts Miracle-Gro from a "hold" rating to a "buy" rating and lowered their target price for the stock from $78.00 to $70.00 in a research note on Tuesday, March 4th. Truist Financial raised shares of Scotts Miracle-Gro from a "hold" rating to a "buy" rating and set a $70.00 price target for the company in a report on Wednesday, April 2nd. Wells Fargo & Company increased their price target on shares of Scotts Miracle-Gro from $65.00 to $67.00 and gave the company an "overweight" rating in a research report on Tuesday, May 13th. Jefferies Financial Group upgraded shares of Scotts Miracle-Gro from a "hold" rating to a "buy" rating and decreased their target price for the stock from $72.00 to $69.00 in a research report on Monday, April 7th. Finally, UBS Group cut their target price on Scotts Miracle-Gro from $55.00 to $54.00 and set a "neutral" rating on the stock in a research report on Thursday, May 1st. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company's stock. According to MarketBeat.com, Scotts Miracle-Gro presently has a consensus rating of "Moderate Buy" and a consensus target price of $65.83.

Scotts Miracle-Gro Company 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.