The Scotts Miracle-Gro Company (NYSE:SMG) Shares Purchased by Creative Planning

Creative Planning boosted its stake in The Scotts Miracle-Gro Company (NYSE:SMG) by 5.2% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 8,275 shares of the basic materials company’s stock after acquiring an additional 411 shares during the period. Creative Planning’s holdings in Scotts Miracle-Gro were worth $717,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. BNP Paribas Financial Markets boosted its holdings in Scotts Miracle-Gro by 72.6% in the 1st quarter. BNP Paribas Financial Markets now owns 42,928 shares of the basic materials company’s stock valued at $3,202,000 after purchasing an additional 18,060 shares in the last quarter. Nordea Investment Management AB boosted its holdings in Scotts Miracle-Gro by 18.4% in the 1st quarter. Nordea Investment Management AB now owns 230,616 shares of the basic materials company’s stock valued at $17,218,000 after purchasing an additional 35,825 shares in the last quarter. Ontario Teachers Pension Plan Board boosted its holdings in Scotts Miracle-Gro by 155.1% in the 1st quarter. Ontario Teachers Pension Plan Board now owns 37,172 shares of the basic materials company’s stock valued at $2,773,000 after purchasing an additional 22,599 shares in the last quarter. Scientech Research LLC purchased a new stake in shares of Scotts Miracle-Gro during the 2nd quarter worth approximately $866,000. Finally, Retirement Systems of Alabama boosted its stake in shares of Scotts Miracle-Gro by 309.5% during the 2nd quarter. Retirement Systems of Alabama now owns 215,717 shares of the basic materials company’s stock worth $14,035,000 after acquiring an additional 163,037 shares in the last quarter. Hedge funds and other institutional investors own 74.07% of the company’s stock.

Scotts Miracle-Gro Price Performance

Shares of Scotts Miracle-Gro stock opened at $89.66 on Monday. The Scotts Miracle-Gro Company has a 1 year low of $48.29 and a 1 year high of $91.09. The company has a market capitalization of $5.09 billion, a P/E ratio of -18.96 and a beta of 1.76. The business has a 50 day moving average price of $79.90 and a 200 day moving average price of $71.99.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. Truist Financial boosted their price target on Scotts Miracle-Gro from $65.00 to $90.00 and gave the stock a “hold” rating in a research note on Wednesday, October 16th. Wells Fargo & Company boosted their price target on Scotts Miracle-Gro from $75.00 to $85.00 and gave the stock an “overweight” rating in a research note on Thursday, August 1st. Finally, Stifel Nicolaus boosted their price target on Scotts Miracle-Gro from $70.00 to $75.00 and gave the stock a “hold” rating in a research note on Friday, August 2nd. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $83.75.

Insider Buying and Selling

In related news, COO Nathan Eric Baxter sold 2,988 shares of Scotts Miracle-Gro stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $70.93, for a total transaction of $211,938.84. Following the completion of the transaction, the chief operating officer now directly owns 37,920 shares in the company, valued at $2,689,665.60. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Scotts Miracle-Gro news, COO Nathan Eric Baxter sold 2,988 shares of the business’s stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $70.93, for a total value of $211,938.84. Following the completion of the transaction, the chief operating officer now directly owns 37,920 shares in the company, valued at approximately $2,689,665.60. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, major shareholder Hagedorn Partnership, L.P. sold 85,130 shares of the business’s stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $70.93, for a total value 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 $965,232,321.34. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 26.46% of the company’s stock.

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.