Avior Wealth Management LLC Sells 1,194 Shares of The Scotts Miracle-Gro Company (NYSE:SMG)

Avior Wealth Management LLC trimmed its position in shares of The Scotts Miracle-Gro Company (NYSE:SMG) by 12.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 8,519 shares of the basic materials company’s stock after selling 1,194 shares during the period. Avior Wealth Management LLC’s holdings in Scotts Miracle-Gro were worth $565,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Dimensional Fund Advisors LP raised its stake in Scotts Miracle-Gro by 94.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 65,557 shares of the basic materials company’s stock valued at $4,265,000 after acquiring an additional 31,862 shares during the period. Vanguard Personalized Indexing Management LLC increased its stake in shares of Scotts Miracle-Gro by 4.6% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 3,944 shares of the basic materials company’s stock worth $251,000 after purchasing an additional 174 shares in the last quarter. Sei Investments Co. raised its position in shares of Scotts Miracle-Gro by 0.3% in the second quarter. Sei Investments Co. now owns 114,042 shares of the basic materials company’s stock valued at $7,420,000 after purchasing an additional 335 shares during the period. Bank of Montreal Can lifted its stake in shares of Scotts Miracle-Gro by 1.9% during the 2nd quarter. Bank of Montreal Can now owns 38,971 shares of the basic materials company’s stock valued at $2,621,000 after buying an additional 736 shares in the last quarter. Finally, Cubist Systematic Strategies LLC boosted its holdings in Scotts Miracle-Gro by 567.4% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 77,424 shares of the basic materials company’s stock worth $5,037,000 after buying an additional 65,824 shares during the period. 74.07% of the stock is currently owned by institutional investors.

Insider Transactions at Scotts Miracle-Gro

In other news, COO Nathan Eric Baxter sold 11,359 shares of the company’s stock in a transaction on Monday, December 9th. The shares were sold at an average price of $75.37, for a total value of $856,127.83. Following the completion of the sale, the chief operating officer now owns 51,631 shares of the company’s stock, valued at approximately $3,891,428.47. This represents a 18.03 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Hagedorn Partnership, L.P. sold 28,000 shares of Scotts Miracle-Gro stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $75.91, for a total transaction of $2,125,480.00. Following the completion of the transaction, the insider now owns 13,553,774 shares in the company, valued at approximately $1,028,866,984.34. The trade was a 0.21 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 58,227 shares of company stock valued at $4,410,268. Insiders own 25.37% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on SMG. Wells Fargo & Company lowered their target price on shares of Scotts Miracle-Gro from $85.00 to $80.00 and set an “overweight” rating on the stock in a report on Tuesday, January 7th. JPMorgan Chase & Co. decreased their price objective on Scotts Miracle-Gro from $85.00 to $80.00 and set an “overweight” rating on the stock in a research note on Thursday, November 7th. Jefferies Financial Group initiated coverage on Scotts Miracle-Gro in a research note on Monday, December 9th. They issued a “hold” rating and a $72.00 target price for the company. Truist Financial decreased their price target on Scotts Miracle-Gro from $90.00 to $70.00 and set a “hold” rating on the stock in a research report on Friday, November 8th. Finally, Stifel Nicolaus raised their price objective on shares of Scotts Miracle-Gro from $75.00 to $81.00 and gave the company a “hold” rating in a research report on Monday, November 4th. Six investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, Scotts Miracle-Gro has a consensus rating of “Hold” and an average target price of $75.83.

Scotts Miracle-Gro Trading Up 1.9 %

SMG stock opened at $73.84 on Friday. The Scotts Miracle-Gro Company has a 1-year low of $53.43 and a 1-year high of $93.90. The stock has a market cap of $4.24 billion, a price-to-earnings ratio of -107.01 and a beta of 1.73. The company’s 50 day moving average is $71.51 and its 200 day moving average is $74.38.

Scotts Miracle-Gro Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 6th. Stockholders of record on Friday, November 22nd were given a dividend of $0.66 per share. This represents a $2.64 annualized dividend and a dividend yield of 3.58%. The ex-dividend date was Friday, November 22nd. Scotts Miracle-Gro’s dividend payout ratio (DPR) is currently -382.61%.

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.