The Scotts Miracle-Gro Company (NYSE:SMG) Stock Position Lifted by Quantinno Capital Management LP

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 its most recent Form 13F filing with the Securities and Exchange Commission. The firm 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 about 0.17% of Scotts Miracle-Gro worth $6,406,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the business. Jacobs Levy Equity Management Inc. lifted its position in Scotts Miracle-Gro by 72.6% during the fourth 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 during the period. Raymond James Financial Inc. purchased a new position in Scotts Miracle-Gro during the fourth quarter worth about $39,986,000. Alyeska Investment Group L.P. purchased a new position in Scotts Miracle-Gro during the fourth quarter worth about $39,434,000. Schonfeld Strategic Advisors LLC lifted its position in Scotts Miracle-Gro by 157.3% during the fourth 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 during the period. Finally, Millennium Management LLC lifted its position in 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 worth $24,250,000 after buying an additional 171,034 shares during the period. 74.07% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the company. JPMorgan Chase & Co. reduced their target price on Scotts Miracle-Gro from $80.00 to $65.00 and set an "overweight" rating on the stock in a research report on Thursday, May 1st. Stifel Nicolaus upgraded Scotts Miracle-Gro from a "hold" rating to a "buy" rating and dropped their price target for the stock from $78.00 to $70.00 in a research note on Tuesday, March 4th. Jefferies Financial Group upgraded Scotts Miracle-Gro from a "hold" rating to a "buy" rating and dropped their price target for the stock from $72.00 to $69.00 in a research note on Monday, April 7th. UBS Group dropped their price target on Scotts Miracle-Gro from $55.00 to $54.00 and set a "neutral" rating for the company in a research note on Thursday, May 1st. Finally, Truist Financial upgraded Scotts Miracle-Gro from a "hold" rating to a "buy" rating and set a $70.00 price target for the company in a research note on Wednesday, April 2nd. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $65.83.

Scotts Miracle-Gro Stock Performance

Shares of SMG stock traded down $0.04 during trading hours on Thursday, reaching $60.77. The company had a trading volume of 222,443 shares, compared to its average volume of 961,962. The company has a market capitalization of $3.51 billion, a P/E ratio of -126.61 and a beta of 1.98. The Scotts Miracle-Gro Company has a twelve month low of $45.61 and a twelve month high of $93.90. The stock's fifty day simple moving average is $55.14 and its 200 day simple moving average is $64.66.

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

Scotts Miracle-Gro Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 6th. Investors of record on Friday, May 23rd will be issued a $0.66 dividend. This represents a $2.64 dividend on an annualized basis and a yield of 4.34%. The ex-dividend date of this dividend is Friday, May 23rd. Scotts Miracle-Gro's dividend payout ratio is currently 528.00%.

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.