117,190 Shares in The Scotts Miracle-Gro Company (NYSE:SMG) Bought by De Lisle Partners LLP

De Lisle Partners LLP purchased a new stake in The Scotts Miracle-Gro Company (NYSE:SMG - Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 117,190 shares of the basic materials company's stock, valued at approximately $10,162,000. Scotts Miracle-Gro makes up approximately 1.6% of De Lisle Partners LLP's holdings, making the stock its 13th largest position. De Lisle Partners LLP owned approximately 0.21% of Scotts Miracle-Gro as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently modified their holdings of the company. Scientech Research LLC bought a new position in shares of Scotts Miracle-Gro in the second quarter valued at $866,000. Retirement Systems of Alabama increased its holdings in shares of Scotts Miracle-Gro by 309.5% in the second quarter. Retirement Systems of Alabama now owns 215,717 shares of the basic materials company's stock valued at $14,035,000 after buying an additional 163,037 shares in the last quarter. Deprince Race & Zollo Inc. raised its stake in Scotts Miracle-Gro by 2.2% during the 2nd quarter. Deprince Race & Zollo Inc. now owns 672,556 shares of the basic materials company's stock valued at $43,756,000 after purchasing an additional 14,533 shares during the period. AQR Capital Management LLC raised its stake in Scotts Miracle-Gro by 194.2% during the 2nd quarter. AQR Capital Management LLC now owns 761,063 shares of the basic materials company's stock valued at $49,515,000 after purchasing an additional 502,353 shares during the period. Finally, Simplicity Wealth LLC raised its stake in Scotts Miracle-Gro by 12.0% during the 2nd quarter. Simplicity Wealth LLC now owns 71,412 shares of the basic materials company's stock valued at $4,646,000 after purchasing an additional 7,644 shares during the period. Institutional investors own 74.07% of the company's stock.

Analyst Upgrades and Downgrades

SMG has been the topic of several recent analyst reports. JPMorgan Chase & Co. cut 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 research note on Thursday, November 7th. Wells Fargo & Company cut their target price on shares of Scotts Miracle-Gro from $95.00 to $85.00 and set an "overweight" rating on the stock in a research note on Thursday, November 7th. Truist Financial cut their target price on shares of Scotts Miracle-Gro from $90.00 to $70.00 and set a "hold" rating on the stock in a research note on Friday, November 8th. Stifel Nicolaus boosted their target price on shares of Scotts Miracle-Gro from $75.00 to $81.00 and gave the company a "hold" rating in a research note on Monday, November 4th. Finally, UBS Group cut 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 investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, Scotts Miracle-Gro presently has a consensus rating of "Hold" and a consensus price target of $78.60.

Scotts Miracle-Gro Stock Down 2.6 %

Shares of Scotts Miracle-Gro stock traded down $2.00 on Thursday, hitting $75.80. 678,602 shares of the company traded hands, compared to its average volume of 815,950. The company has a 50-day moving average price of $82.55 and a 200 day moving average price of $73.10. The Scotts Miracle-Gro Company has a 12-month low of $53.43 and a 12-month high of $93.90. The company has a market cap of $4.31 billion, a PE ratio of -109.86 and a beta of 1.76.

Scotts Miracle-Gro Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 22nd will be issued a $0.66 dividend. This represents a $2.64 dividend on an annualized basis and a yield of 3.48%. The ex-dividend date of this dividend is Friday, November 22nd. Scotts Miracle-Gro's dividend payout ratio is presently -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.