Impact Capital Partners LLC Acquires New Holdings in The Scotts Miracle-Gro Company (NYSE:SMG)

Impact Capital Partners LLC bought a new stake in The Scotts Miracle-Gro Company (NYSE:SMG - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 5,225 shares of the basic materials company's stock, valued at approximately $347,000.

Other hedge funds have also recently added to or reduced their stakes in the company. De Lisle Partners LLP acquired a new position in shares of Scotts Miracle-Gro during the third quarter valued at $10,162,000. Algert Global LLC increased its stake in Scotts Miracle-Gro by 202.2% during the 3rd quarter. Algert Global LLC now owns 25,140 shares of the basic materials company's stock valued at $2,180,000 after buying an additional 16,821 shares during the period. Oppenheimer & Co. Inc. increased 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 buying an additional 514 shares during the period. Pacer Advisors Inc. raised its position in shares of Scotts Miracle-Gro by 5.0% during the 3rd quarter. Pacer Advisors Inc. now owns 3,172,800 shares of the basic materials company's stock worth $275,082,000 after buying an additional 151,354 shares in the last quarter. Finally, Edgestream Partners L.P. lifted its stake in shares of Scotts Miracle-Gro by 63.5% in the 3rd quarter. Edgestream Partners L.P. now owns 56,337 shares of the basic materials company's stock worth $4,884,000 after acquiring an additional 21,872 shares during the period. Institutional investors own 74.07% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently commented on SMG shares. UBS Group dropped their target price on 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 initiated coverage on Scotts Miracle-Gro in a research note on Monday, December 9th. They issued a "hold" rating and a $72.00 price objective on the stock. Stifel Nicolaus raised Scotts Miracle-Gro from a "hold" rating to a "buy" rating and decreased their target price for the company from $78.00 to $70.00 in a research note on Tuesday, March 4th. Finally, Wells Fargo & Company dropped their price target on shares of Scotts Miracle-Gro from $85.00 to $80.00 and set an "overweight" rating on the stock in a research report on Tuesday, January 7th. Five equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $74.00.

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Scotts Miracle-Gro Trading Down 2.4 %

Shares of NYSE SMG traded down $1.49 during mid-day trading on Tuesday, reaching $59.79. The company had a trading volume of 728,692 shares, compared to its average volume of 793,610. The Scotts Miracle-Gro Company has a 1-year low of $55.68 and a 1-year high of $93.90. The stock has a market cap of $3.44 billion, a PE ratio of -124.57 and a beta of 1.79. The company has a 50-day moving average price of $66.11 and a two-hundred day moving average price of $73.17.

Scotts Miracle-Gro (NYSE:SMG - Get Free Report) last issued its quarterly earnings results on Wednesday, January 29th. The basic materials company reported ($0.89) earnings per share 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 period in the previous year, the company posted ($1.45) EPS. On average, research analysts expect that The Scotts Miracle-Gro Company will post 3.42 EPS for the current year.

Scotts Miracle-Gro Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 7th. Investors of record on Friday, February 21st were paid a $0.66 dividend. This represents a $2.64 dividend on an annualized basis and a yield of 4.42%. The ex-dividend date was Friday, February 21st. Scotts Miracle-Gro's dividend payout ratio is -550.00%.

Insiders Place Their Bets

In other news, EVP Christopher Hagedorn sold 3,568 shares of the firm's stock in a transaction on Thursday, January 30th. The stock was sold at an average price of $71.50, for a total value of $255,112.00. Following the completion of the sale, the executive vice president now owns 55,972 shares of the company's stock, valued at $4,001,998. This trade represents a 5.99 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO James Hagedorn sold 142,733 shares of the company's stock in a transaction on Thursday, January 30th. The shares were sold at an average price of $71.56, for a total value of $10,213,973.48. Following the transaction, the chief executive officer now directly owns 88,310 shares in the company, valued at $6,319,463.60. The trade was a 61.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 159,937 shares of company stock worth $11,379,275. Corporate insiders own 25.37% of the company's stock.

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.