The Scotts Miracle-Gro Company (NYSE:SMG) Shares Sold by Truist Financial Corp

Truist Financial Corp lowered its position in shares of The Scotts Miracle-Gro Company (NYSE:SMG) by 2.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 58,959 shares of the basic materials company’s stock after selling 1,229 shares during the period. Truist Financial Corp owned 0.10% of Scotts Miracle-Gro worth $3,911,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Pacer Advisors Inc. boosted its holdings in shares of Scotts Miracle-Gro by 5.0% in the 3rd quarter. Pacer Advisors Inc. now owns 3,172,800 shares of the basic materials company’s stock valued at $275,082,000 after buying an additional 151,354 shares in the last quarter. State Street Corp grew its stake in Scotts Miracle-Gro by 1.1% during the 3rd quarter. State Street Corp now owns 1,432,565 shares of the basic materials company’s stock worth $124,203,000 after buying an additional 15,869 shares during the last quarter. Geode Capital Management LLC lifted its stake in Scotts Miracle-Gro by 2.1% in the third quarter. Geode Capital Management LLC now owns 708,558 shares of the basic materials company’s stock valued at $61,448,000 after buying an additional 14,730 shares during the last quarter. Jacobs Levy Equity Management Inc. boosted its holdings in shares of Scotts Miracle-Gro by 1,033.4% in the third quarter. Jacobs Levy Equity Management Inc. now owns 364,045 shares of the basic materials company’s stock valued at $31,563,000 after acquiring an additional 331,925 shares during the period. Finally, International Assets Investment Management LLC increased its holdings in shares of Scotts Miracle-Gro by 8,330.2% in the 3rd quarter. International Assets Investment Management LLC now owns 281,485 shares of the basic materials company’s stock valued at $24,405,000 after acquiring an additional 278,146 shares during the period. 74.07% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Scotts Miracle-Gro

In other Scotts Miracle-Gro news, Director Brian E. Sandoval sold 1,513 shares of the business’s stock in a transaction on Wednesday, February 12th. The shares were sold at an average price of $65.86, for a total value of $99,646.18. Following the transaction, the director now owns 13,039 shares in the company, valued at $858,748.54. The trade was a 10.40 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, major shareholder Hagedorn Partnership, L.P. sold 500 shares of the firm’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $77.14, for a total value of $38,570.00. Following the sale, the insider now owns 13,553,274 shares of the company’s stock, valued at $1,045,499,556.36. This represents a 0.00 % decrease in their ownership of the stock. 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 company insiders.

Scotts Miracle-Gro Trading Down 0.5 %

Shares of Scotts Miracle-Gro stock opened at $60.17 on Tuesday. The business’s fifty day moving average price is $68.13 and its 200 day moving average price is $74.29. The Scotts Miracle-Gro Company has a twelve month low of $58.41 and a twelve month high of $93.90. The stock has a market capitalization of $3.46 billion, a P/E ratio of -125.35 and a beta of 1.74.

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

Scotts Miracle-Gro Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, March 7th. Investors of record on Friday, February 21st will be issued a $0.66 dividend. The ex-dividend date of this dividend is Friday, February 21st. This represents a $2.64 annualized dividend and a yield of 4.39%. Scotts Miracle-Gro’s dividend payout ratio is currently -549.99%.

Analysts Set New Price Targets

Several brokerages have recently weighed in on SMG. Truist Financial decreased their target price on shares of Scotts Miracle-Gro from $90.00 to $70.00 and set a “hold” rating for the company in a research note on Friday, November 8th. Stifel Nicolaus boosted their price objective on shares of Scotts Miracle-Gro from $75.00 to $81.00 and gave the stock a “hold” rating in a report on Monday, November 4th. UBS Group reduced 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 report on Thursday, January 16th. Jefferies Financial Group assumed coverage on shares of 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. Finally, JPMorgan Chase & Co. cut their price target on Scotts Miracle-Gro from $85.00 to $80.00 and set an “overweight” rating for the company in a report on Thursday, November 7th. Six research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $75.83.

About Scotts Miracle-Gro

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.