Centiva Capital LP increased its position in The Scotts Miracle-Gro Company (NYSE:SMG - Free Report) by 201.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 14,793 shares of the basic materials company's stock after acquiring an additional 9,879 shares during the quarter. Centiva Capital LP's holdings in Scotts Miracle-Gro were worth $1,283,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Kayne Anderson Rudnick Investment Management LLC grew its stake in shares of Scotts Miracle-Gro by 1.0% in the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 5,201,683 shares of the basic materials company's stock worth $338,421,000 after acquiring an additional 49,262 shares during the last quarter. Pacer Advisors Inc. raised its position in shares of Scotts Miracle-Gro by 5.0% during the third 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 during the last quarter. Earnest Partners LLC lifted its stake in shares of Scotts Miracle-Gro by 1.4% in the second quarter. Earnest Partners LLC now owns 3,155,653 shares of the basic materials company's stock valued at $205,307,000 after buying an additional 42,500 shares during the period. Millennium Management LLC grew its position in Scotts Miracle-Gro by 6.8% during the second quarter. Millennium Management LLC now owns 815,371 shares of the basic materials company's stock worth $53,048,000 after buying an additional 52,136 shares in the last quarter. Finally, AQR Capital Management LLC increased its stake in Scotts Miracle-Gro by 194.2% during the second quarter. AQR Capital Management LLC now owns 761,063 shares of the basic materials company's stock valued at $49,515,000 after acquiring an additional 502,353 shares during the period. Institutional investors and hedge funds own 74.07% of the company's stock.
Insider Transactions at Scotts Miracle-Gro
In other Scotts Miracle-Gro news, major shareholder Hagedorn Partnership, L.P. sold 500 shares of Scotts Miracle-Gro stock in a transaction dated Monday, December 2nd. The stock was 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 trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO James Hagedorn sold 18,368 shares of the company's stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $75.68, for a total value of $1,390,090.24. Following the transaction, the chief executive officer now directly owns 87,426 shares of the company's stock, valued at $6,616,399.68. This represents a 17.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 46,868 shares of company stock valued at $3,554,140 over the last 90 days. 26.46% of the stock is owned by company insiders.
Scotts Miracle-Gro Price Performance
Shares of Scotts Miracle-Gro stock traded down $0.46 during trading on Thursday, hitting $75.49. 670,202 shares of the company were exchanged, compared to its average volume of 812,686. The firm has a market capitalization of $4.33 billion, a P/E ratio of -110.07 and a beta of 1.71. The firm's fifty day moving average price is $82.41 and its 200 day moving average price is $73.34. The Scotts Miracle-Gro Company has a 1-year low of $53.43 and a 1-year high of $93.90.
Scotts Miracle-Gro Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 22nd will be given a $0.66 dividend. This represents a $2.64 dividend on an annualized basis and a dividend yield of 3.50%. The ex-dividend date is Friday, November 22nd. Scotts Miracle-Gro's dividend payout ratio is currently -382.61%.
Analysts Set New Price Targets
A number of analysts have commented on the company. Truist Financial reduced their price objective on Scotts Miracle-Gro from $90.00 to $70.00 and set a "hold" rating for the company in a research report on Friday, November 8th. JPMorgan Chase & Co. dropped their target price on Scotts Miracle-Gro from $85.00 to $80.00 and set an "overweight" rating for the company in a research report on Thursday, November 7th. Stifel Nicolaus lifted their price objective on Scotts Miracle-Gro from $75.00 to $81.00 and gave the stock a "hold" rating in a research report on Monday, November 4th. Wells Fargo & Company dropped their price objective on Scotts Miracle-Gro from $95.00 to $85.00 and set an "overweight" rating for the company in a report on Thursday, November 7th. Finally, UBS Group reduced their target price on shares of Scotts Miracle-Gro from $90.00 to $77.00 and set a "neutral" rating on the stock in a research note on Thursday, November 7th. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, Scotts Miracle-Gro presently has a consensus rating of "Hold" and an average target price of $78.60.
Check Out Our Latest Stock Report on SMG
Scotts Miracle-Gro Company Profile
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Free Report)
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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