Leeward Investments LLC MA Sells 1,561 Shares of The Scotts Miracle-Gro Company (NYSE:SMG)

Leeward Investments LLC MA reduced its holdings in shares of The Scotts Miracle-Gro Company (NYSE:SMG) by 3.3% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 45,178 shares of the basic materials company’s stock after selling 1,561 shares during the quarter. Leeward Investments LLC MA’s holdings in Scotts Miracle-Gro were worth $2,997,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. Farther Finance Advisors LLC boosted its position in Scotts Miracle-Gro by 427.0% during the third quarter. Farther Finance Advisors LLC now owns 332 shares of the basic materials company’s stock worth $29,000 after purchasing an additional 269 shares during the period. Blue Trust Inc. raised its position in shares of Scotts Miracle-Gro by 83.6% in the third quarter. Blue Trust Inc. now owns 369 shares of the basic materials company’s stock valued at $32,000 after purchasing an additional 168 shares during the period. Capital Performance Advisors LLP acquired a new stake in shares of Scotts Miracle-Gro during the 3rd quarter worth about $44,000. Wilmington Savings Fund Society FSB bought a new stake in shares of Scotts Miracle-Gro during the 3rd quarter worth about $44,000. Finally, Brooklyn Investment Group acquired a new position in Scotts Miracle-Gro in the 3rd quarter valued at about $50,000. 74.07% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

SMG has been the subject of a number of research analyst reports. Wells Fargo & Company reduced their price objective on Scotts Miracle-Gro from $85.00 to $80.00 and set an “overweight” rating for the company in a report on Tuesday, January 7th. Stifel Nicolaus lifted their price target on Scotts Miracle-Gro from $75.00 to $81.00 and gave the stock a “hold” rating in a report on Monday, November 4th. Jefferies Financial Group assumed coverage on Scotts Miracle-Gro in a report on Monday, December 9th. They issued a “hold” rating and a $72.00 price objective on the stock. Truist Financial dropped their target price on Scotts Miracle-Gro from $90.00 to $70.00 and set a “hold” rating for the company in a report on Friday, November 8th. Finally, UBS Group decreased their price target on shares of Scotts Miracle-Gro from $77.00 to $72.00 and set a “neutral” rating on the stock in a research note on Thursday, January 16th. Six analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $75.83.

Scotts Miracle-Gro Stock Performance

NYSE:SMG opened at $60.32 on Monday. The company has a market cap of $3.47 billion, a price-to-earnings ratio of -125.66 and a beta of 1.74. The Scotts Miracle-Gro Company has a fifty-two week low of $56.01 and a fifty-two week high of $93.90. The stock has a fifty day moving average price of $68.39 and a 200-day moving average price of $74.37.

Scotts Miracle-Gro (NYSE:SMG) last posted its quarterly earnings data on Wednesday, January 29th. The basic materials company reported ($0.89) earnings per share for the quarter, topping the consensus estimate of ($1.23) by $0.34. Scotts Miracle-Gro had a negative net margin of 0.67% and a negative return on equity of 51.48%. During the same quarter in the previous year, the business earned ($1.45) earnings per share. Research analysts predict that The Scotts Miracle-Gro Company will post 3.42 EPS for the current fiscal year.

Scotts Miracle-Gro Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 7th. Investors of record on Friday, February 21st will be paid a $0.66 dividend. The ex-dividend date is Friday, February 21st. This represents a $2.64 dividend on an annualized basis and a yield of 4.38%. Scotts Miracle-Gro’s dividend payout ratio (DPR) is -549.99%.

Insider Activity at Scotts Miracle-Gro

In related news, Director Brian E. Sandoval sold 1,513 shares of the firm’s stock in a transaction dated Wednesday, February 12th. The stock was sold at an average price of $65.86, for a total value of $99,646.18. Following the sale, the director now directly owns 13,039 shares of the company’s stock, valued at $858,748.54. This trade represents a 10.40 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO James Hagedorn sold 18,368 shares of Scotts Miracle-Gro stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $75.68, for a total value of $1,390,090.24. Following the completion of the transaction, the chief executive officer now owns 87,426 shares in the company, valued at approximately $6,616,399.68. This represents a 17.36 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 218,164 shares of company stock valued at $15,789,544 over the last three months. 25.37% of the stock is owned by insiders.

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.