Cwm LLC Has $940,000 Stock Holdings in The Scotts Miracle-Gro Company (NYSE:SMG)

Cwm LLC boosted its holdings in shares of The Scotts Miracle-Gro Company (NYSE:SMG) by 10.3% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 10,842 shares of the basic materials company’s stock after buying an additional 1,011 shares during the period. Cwm LLC’s holdings in Scotts Miracle-Gro were worth $940,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of SMG. Wellington Management Group LLP increased its holdings in shares of Scotts Miracle-Gro by 2.4% in the 4th quarter. Wellington Management Group LLP now owns 77,564 shares of the basic materials company’s stock valued at $4,945,000 after purchasing an additional 1,807 shares during the period. Rise Advisors LLC increased its stake in Scotts Miracle-Gro by 135.2% in the 1st quarter. Rise Advisors LLC now owns 334 shares of the basic materials company’s stock valued at $25,000 after buying an additional 192 shares during the period. Fulton Bank N.A. purchased a new stake in Scotts Miracle-Gro in the 1st quarter worth approximately $237,000. MJP Associates Inc. ADV acquired a new stake in shares of Scotts Miracle-Gro during the 1st quarter valued at $213,000. Finally, FCF Advisors LLC grew its holdings in shares of Scotts Miracle-Gro by 8.5% during the 1st quarter. FCF Advisors LLC now owns 17,204 shares of the basic materials company’s stock valued at $1,283,000 after acquiring an additional 1,353 shares in the last quarter. 74.07% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, major shareholder Hagedorn Partnership, L.P. sold 85,130 shares of the business’s stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $70.93, for a total transaction of $6,038,270.90. Following the completion of the transaction, the insider now owns 13,608,238 shares of the company’s stock, valued at approximately $965,232,321.34. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, major shareholder Hagedorn Partnership, L.P. sold 85,130 shares of the company’s stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $70.93, for a total transaction of $6,038,270.90. Following the completion of the transaction, the insider now directly owns 13,608,238 shares in the company, valued at $965,232,321.34. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, COO Nathan Eric Baxter sold 2,988 shares of the stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $70.93, for a total transaction of $211,938.84. Following the completion of the sale, the chief operating officer now directly owns 37,920 shares of the company’s stock, valued at approximately $2,689,665.60. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 89,078 shares of company stock valued at $6,325,042. 26.46% of the stock is owned by insiders.

Scotts Miracle-Gro Stock Performance

Shares of NYSE SMG opened at $89.46 on Friday. The business’s 50-day simple moving average is $76.17 and its 200-day simple moving average is $70.80. The Scotts Miracle-Gro Company has a 52 week low of $43.67 and a 52 week high of $91.09. The firm has a market cap of $5.08 billion, a price-to-earnings ratio of -18.91 and a beta of 1.76.

Scotts Miracle-Gro (NYSE:SMG) last released its quarterly earnings results on Wednesday, July 31st. The basic materials company reported $2.31 EPS for the quarter, beating analysts’ consensus estimates of $1.89 by $0.42. The company had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.20 billion. Scotts Miracle-Gro had a negative net margin of 7.38% and a negative return on equity of 41.19%. The company’s quarterly revenue was up 7.5% compared to the same quarter last year. During the same quarter last year, the firm posted $1.17 earnings per share. As a group, equities research analysts forecast that The Scotts Miracle-Gro Company will post 2.62 earnings per share for the current year.

Scotts Miracle-Gro Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 6th. Shareholders of record on Friday, August 23rd were issued a dividend of $0.66 per share. This represents a $2.64 dividend on an annualized basis and a yield of 2.95%. The ex-dividend date was Friday, August 23rd. Scotts Miracle-Gro’s dividend payout ratio (DPR) is -55.81%.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Stifel Nicolaus lifted their price objective on Scotts Miracle-Gro from $70.00 to $75.00 and gave the company a “hold” rating in a research report on Friday, August 2nd. Wells Fargo & Company boosted their price target on Scotts Miracle-Gro from $75.00 to $85.00 and gave the company an “overweight” rating in a research note on Thursday, August 1st. Finally, Truist Financial raised their price objective on shares of Scotts Miracle-Gro from $65.00 to $90.00 and gave the company a “hold” rating in a research report on Wednesday. Four analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $83.75.

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.