Private Trust Co. NA Has $75,000 Holdings in The Scotts Miracle-Gro Company $SMG

Private Trust Co. NA increased its holdings in shares of The Scotts Miracle-Gro Company (NYSE:SMG) by 1,475.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,134 shares of the basic materials company’s stock after buying an additional 1,062 shares during the quarter. Private Trust Co. NA’s holdings in Scotts Miracle-Gro were worth $75,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of SMG. GAMMA Investing LLC raised its stake in shares of Scotts Miracle-Gro by 31.6% in the 1st quarter. GAMMA Investing LLC now owns 1,614 shares of the basic materials company’s stock valued at $89,000 after purchasing an additional 388 shares during the period. Oppenheimer Asset Management Inc. raised its stake in shares of Scotts Miracle-Gro by 3.9% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 52,246 shares of the basic materials company’s stock valued at $2,868,000 after purchasing an additional 1,948 shares during the period. Oppenheimer & Co. Inc. raised its stake in shares of Scotts Miracle-Gro by 21.9% in the 1st quarter. Oppenheimer & Co. Inc. now owns 3,819 shares of the basic materials company’s stock valued at $210,000 after purchasing an additional 685 shares during the period. International Assets Investment Management LLC raised its stake in shares of Scotts Miracle-Gro by 93.7% in the 1st quarter. International Assets Investment Management LLC now owns 6,704 shares of the basic materials company’s stock valued at $368,000 after purchasing an additional 3,243 shares during the period. Finally, Spire Wealth Management raised its stake in shares of Scotts Miracle-Gro by 477.9% in the 1st quarter. Spire Wealth Management now owns 549 shares of the basic materials company’s stock valued at $30,000 after purchasing an additional 454 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, EVP Mark J. Scheiwer purchased 1,790 shares of Scotts Miracle-Gro stock in a transaction that occurred on Wednesday, September 3rd. The stock was acquired at an average price of $61.32 per share, for a total transaction of $109,762.80. Following the completion of the acquisition, the executive vice president owned 10,130 shares of the company’s stock, valued at approximately $621,171.60. This trade represents a 21.46% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Hagedorn Partnership, L.P. sold 70,000 shares of Scotts Miracle-Gro stock in a transaction dated Monday, August 4th. The stock was sold at an average price of $62.28, for a total value of $4,359,600.00. Following the transaction, the director owned 13,274,274 shares of the company’s stock, valued at $826,721,784.72. The trade was a 0.52% decrease in their position. The disclosure for this sale can be found here. Company insiders own 25.37% of the company’s stock.

Scotts Miracle-Gro Price Performance

Shares of NYSE SMG opened at $55.35 on Friday. The stock has a market capitalization of $3.20 billion, a price-to-earnings ratio of 72.83 and a beta of 1.96. The business has a 50-day moving average of $58.99 and a 200-day moving average of $60.08. The Scotts Miracle-Gro Company has a fifty-two week low of $45.61 and a fifty-two week high of $93.90.

Scotts Miracle-Gro (NYSE:SMG) last announced its quarterly earnings data on Wednesday, July 30th. The basic materials company reported $2.59 earnings per share for the quarter, beating the consensus estimate of $2.19 by $0.40. Scotts Miracle-Gro had a negative return on equity of 60.46% and a net margin of 1.54%.The company had revenue of $1.19 billion during the quarter, compared to analysts’ expectations of $1.23 billion. During the same quarter last year, the company earned $2.31 EPS. Scotts Miracle-Gro’s revenue for the quarter was down 1.2% compared to the same quarter last year. Scotts Miracle-Gro has set its FY 2025 guidance at 3.500- EPS. On average, sell-side analysts expect that The Scotts Miracle-Gro Company will post 3.42 EPS for the current year.

Scotts Miracle-Gro Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 5th. Investors of record on Friday, August 22nd were issued a dividend of $0.66 per share. The ex-dividend date was Friday, August 22nd. This represents a $2.64 dividend on an annualized basis and a yield of 4.8%. Scotts Miracle-Gro’s dividend payout ratio (DPR) is presently 347.37%.

Analysts Set New Price Targets

Several analysts have issued reports on the company. Jefferies Financial Group set a $71.00 price target on Scotts Miracle-Gro in a research note on Friday, September 26th. Wells Fargo & Company dropped their price target on Scotts Miracle-Gro from $75.00 to $67.00 and set an “overweight” rating on the stock in a research note on Thursday, September 25th. Weiss Ratings reissued a “hold (c-)” rating on shares of Scotts Miracle-Gro in a research note on Wednesday, October 8th. Zacks Research cut Scotts Miracle-Gro from a “strong-buy” rating to a “hold” rating in a report on Friday, September 19th. Finally, Stifel Nicolaus decreased their price objective on Scotts Miracle-Gro from $71.00 to $70.00 and set a “hold” rating for the company in a report on Monday, August 4th. Four research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, Scotts Miracle-Gro currently has an average rating of “Moderate Buy” and an average target price of $69.17.

About Scotts Miracle-Gro

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.