Aquatic Capital Management LLC Has $2.98 Million Stock Position in The Scotts Miracle-Gro Company (NYSE:SMG)

Aquatic Capital Management LLC lowered its stake in shares of The Scotts Miracle-Gro Company (NYSE:SMG - Free Report) by 41.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 44,942 shares of the basic materials company's stock after selling 31,758 shares during the period. Aquatic Capital Management LLC owned approximately 0.08% of Scotts Miracle-Gro worth $2,981,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Oppenheimer & Co. Inc. boosted its stake in Scotts Miracle-Gro by 19.6% during the 4th quarter. Oppenheimer & Co. Inc. now owns 3,134 shares of the basic materials company's stock valued at $208,000 after purchasing an additional 514 shares during the last quarter. SBI Securities Co. Ltd. purchased a new position in Scotts Miracle-Gro in the fourth quarter valued at about $26,000. Norges Bank bought a new position in Scotts Miracle-Gro during the fourth quarter valued at $9,684,000. Caprock Group LLC increased its holdings in Scotts Miracle-Gro by 16.1% in the 4th quarter. Caprock Group LLC now owns 3,046 shares of the basic materials company's stock worth $202,000 after acquiring an additional 423 shares during the last quarter. Finally, GAMMA Investing LLC increased its stake in shares of Scotts Miracle-Gro by 112.8% in the fourth quarter. GAMMA Investing LLC now owns 1,226 shares of the basic materials company's stock worth $81,000 after purchasing an additional 650 shares in the last quarter. Institutional investors own 74.07% of the company's stock.

Insider Buying and Selling at Scotts Miracle-Gro

In other news, Director Hagedorn Partnership, L.P. sold 12,123 shares of the firm's stock in a transaction that occurred on Friday, February 7th. The stock was sold at an average price of $66.86, for a total value of $810,543.78. Following the completion of the sale, the director now directly owns 13,432,151 shares of the company's stock, valued at $898,073,615.86. This trade represents a 0.09 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Brian E. Sandoval sold 1,513 shares of the 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 sale, 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 disclosure for this sale can be found here. Insiders sold a total of 159,937 shares of company stock valued at $11,379,275 in the last three months. 25.37% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of brokerages recently issued reports on SMG. Stifel Nicolaus raised Scotts Miracle-Gro from a "hold" rating to a "buy" rating and dropped their price objective for the stock from $78.00 to $70.00 in a report on Tuesday, March 4th. Truist Financial raised Scotts Miracle-Gro from a "hold" rating to a "buy" rating and set a $70.00 target price for the company in a research note on Wednesday, April 2nd. UBS Group decreased their target price on shares of Scotts Miracle-Gro from $77.00 to $55.00 and set a "neutral" rating on the stock in a research note on Thursday, April 17th. Wells Fargo & Company decreased their target price on Scotts Miracle-Gro from $70.00 to $65.00 and set an "overweight" rating for the company in a research report on Wednesday, April 16th. Finally, Jefferies Financial Group raised shares of Scotts Miracle-Gro from a "hold" rating to a "buy" rating and dropped their price target for the company from $72.00 to $69.00 in a report on Monday, April 7th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, Scotts Miracle-Gro currently has a consensus rating of "Moderate Buy" and an average price target of $68.17.

Scotts Miracle-Gro Trading Down 1.0 %

SMG opened at $53.03 on Monday. The Scotts Miracle-Gro Company has a 1-year low of $46.45 and a 1-year high of $93.90. The firm's 50 day simple moving average is $56.51 and its two-hundred day simple moving average is $68.26. The company has a market capitalization of $3.05 billion, a PE ratio of -110.48 and a beta of 1.96.

Scotts Miracle-Gro (NYSE:SMG - Get Free Report) last released its earnings results on Wednesday, January 29th. The basic materials company reported ($0.89) earnings per share (EPS) 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 period last year, the business posted ($1.45) earnings per share. Equities analysts forecast that The Scotts Miracle-Gro Company will post 3.42 earnings per share for the current fiscal year.

Scotts Miracle-Gro Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 6th. Shareholders of record on Friday, May 23rd will be paid a $0.66 dividend. The ex-dividend date of this dividend is Friday, May 23rd. This represents a $2.64 annualized dividend and a yield of 4.98%. Scotts Miracle-Gro's payout ratio is -550.00%.

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.

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