Pathway Financial Advisers LLC Sells 2,825 Shares of The Scotts Miracle-Gro Company (NYSE:SMG)

Pathway Financial Advisers LLC reduced its holdings in The Scotts Miracle-Gro Company (NYSE:SMGFree Report) by 48.7% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,977 shares of the basic materials company’s stock after selling 2,825 shares during the quarter. Pathway Financial Advisers LLC’s holdings in Scotts Miracle-Gro were worth $258,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in SMG. Price T Rowe Associates Inc. MD grew its position in shares of Scotts Miracle-Gro by 24.8% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 2,726,338 shares of the basic materials company’s stock worth $203,359,000 after buying an additional 542,406 shares during the last quarter. AQR Capital Management LLC boosted its position in shares of 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 purchasing an additional 502,353 shares in the last quarter. Earnest Partners LLC boosted its position in shares of Scotts Miracle-Gro by 18.2% during the first quarter. Earnest Partners LLC now owns 3,113,153 shares of the basic materials company’s stock valued at $232,210,000 after purchasing an additional 479,315 shares in the last quarter. Interval Partners LP boosted its position in shares of Scotts Miracle-Gro by 3,581.1% during the first quarter. Interval Partners LP now owns 478,546 shares of the basic materials company’s stock valued at $35,695,000 after purchasing an additional 465,546 shares in the last quarter. Finally, International Assets Investment Management LLC boosted its position in shares of Scotts Miracle-Gro by 8,330.2% during the third quarter. International Assets Investment Management LLC now owns 281,485 shares of the basic materials company’s stock valued at $24,405,000 after purchasing an additional 278,146 shares in the last quarter. 74.07% of the stock is currently owned by institutional investors.

Scotts Miracle-Gro Trading Up 0.6 %

Shares of NYSE:SMG opened at $88.46 on Thursday. The stock has a fifty day simple moving average of $79.20 and a two-hundred day simple moving average of $71.71. The stock has a market capitalization of $5.03 billion, a price-to-earnings ratio of -18.70 and a beta of 1.76. The Scotts Miracle-Gro Company has a 12-month low of $43.98 and a 12-month high of $91.09.

Scotts Miracle-Gro (NYSE:SMGGet Free Report) last announced its quarterly earnings data on Wednesday, July 31st. The basic materials company reported $2.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.89 by $0.42. The business had revenue of $1.20 billion during the quarter, compared to analysts’ expectations of $1.20 billion. Scotts Miracle-Gro had a negative return on equity of 41.19% and a negative net margin of 7.38%. The firm’s quarterly revenue was up 7.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.17 earnings per share. As a group, equities research analysts predict that The Scotts Miracle-Gro Company will post 2.62 EPS for the current year.

Insider Buying and Selling at Scotts Miracle-Gro

In other news, COO Nathan Eric Baxter sold 2,988 shares of the business’s stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $70.93, for a total value of $211,938.84. Following the completion of the transaction, the chief operating officer now owns 37,920 shares in the company, valued at $2,689,665.60. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, COO Nathan Eric Baxter sold 2,988 shares of the business’s stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $70.93, for a total value of $211,938.84. Following the completion of the transaction, the chief operating officer now owns 37,920 shares in the company, valued at $2,689,665.60. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Hagedorn Partnership, L.P. sold 85,130 shares of the business’s stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $70.93, for a total value of $6,038,270.90. Following the completion of the transaction, the insider now owns 13,608,238 shares of the company’s stock, valued at $965,232,321.34. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 26.46% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on SMG shares. Truist Financial lifted their price target on Scotts Miracle-Gro from $65.00 to $90.00 and gave the company a “hold” rating in a research report on Wednesday, October 16th. Stifel Nicolaus lifted their price target on Scotts Miracle-Gro from $70.00 to $75.00 and gave the company a “hold” rating in a research report on Friday, August 2nd. Finally, Wells Fargo & Company lifted their price target on Scotts Miracle-Gro from $75.00 to $85.00 and gave the company an “overweight” rating in a research report on Thursday, August 1st. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $83.75.

Get Our Latest Analysis on Scotts Miracle-Gro

Scotts Miracle-Gro Profile

(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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Institutional Ownership by Quarter for Scotts Miracle-Gro (NYSE:SMG)

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