The Scotts Miracle-Gro Company (NYSE:SMG) CEO James Hagedorn Sells 142,733 Shares

The Scotts Miracle-Gro Company (NYSE:SMG) CEO James Hagedorn sold 142,733 shares of Scotts Miracle-Gro stock in a transaction that occurred on Thursday, January 30th. The stock was sold at an average price of $71.56, for a total transaction of $10,213,973.48. Following the completion of the transaction, the chief executive officer now directly owns 88,310 shares in the company, valued at approximately $6,319,463.60. The trade was a 61.78 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

James Hagedorn also recently made the following trade(s):

• On Wednesday, December 4th, James Hagedorn sold 18,368 shares of Scotts Miracle-Gro stock. The stock was sold at an average price of $75.68, for a total transaction of $1,390,090.24.

Scotts Miracle-Gro Trading Down 2.3 %

Shares of NYSE SMG opened at $69.31 on Tuesday. The stock has a market cap of $3.98 billion, a price-to-earnings ratio of -144.39 and a beta of 1.74. 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 50 day simple moving average of $71.03 and a two-hundred day simple moving average of $74.80.

Scotts Miracle-Gro (NYSE:SMG) last posted its quarterly earnings results on Wednesday, January 29th. The basic materials company reported ($0.89) EPS for the quarter, beating the consensus estimate of ($1.23) by $0.34. Scotts Miracle-Gro had a negative net margin of 0.67% and a negative return on equity of 51.48%. During the same period last year, the business earned ($1.45) EPS. Analysts forecast that The Scotts Miracle-Gro Company will post 3.38 EPS for the current year.

Scotts Miracle-Gro Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, March 7th. Investors of record on Friday, February 21st will be issued a dividend of $0.66 per share. This represents a $2.64 annualized dividend and a yield of 3.81%. The ex-dividend date is Friday, February 21st. Scotts Miracle-Gro’s dividend payout ratio (DPR) is -549.99%.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the company. Jefferies Financial Group started coverage on Scotts Miracle-Gro in a research report on Monday, December 9th. They set a “hold” rating and a $72.00 target price on the stock. JPMorgan Chase & Co. decreased their price objective on shares of 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. UBS Group dropped their target price on shares of Scotts Miracle-Gro from $77.00 to $72.00 and set a “neutral” rating on the stock in a research report on Thursday, January 16th. Truist Financial decreased their price target on shares of Scotts Miracle-Gro from $90.00 to $70.00 and set a “hold” rating for the company in a report on Friday, November 8th. Finally, Wells Fargo & Company dropped their price objective on shares of Scotts Miracle-Gro from $85.00 to $80.00 and set an “overweight” rating on the stock in a report on Tuesday, January 7th. Six research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $75.83.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of SMG. OLD National Bancorp IN raised its stake in Scotts Miracle-Gro by 2.7% in the 3rd quarter. OLD National Bancorp IN now owns 5,049 shares of the basic materials company’s stock valued at $438,000 after purchasing an additional 131 shares during the last quarter. Nicollet Investment Management Inc. lifted its stake in shares of Scotts Miracle-Gro by 1.1% in the third quarter. Nicollet Investment Management Inc. now owns 12,845 shares of the basic materials company’s stock worth $1,114,000 after buying an additional 135 shares in the last quarter. PFG Investments LLC boosted its position in Scotts Miracle-Gro by 4.6% during the fourth quarter. PFG Investments LLC now owns 3,226 shares of the basic materials company’s stock worth $214,000 after acquiring an additional 141 shares during the last quarter. Blue Trust Inc. grew its stake in Scotts Miracle-Gro by 83.6% during the 3rd quarter. Blue Trust Inc. now owns 369 shares of the basic materials company’s stock valued at $32,000 after acquiring an additional 168 shares in the last quarter. Finally, Mitchell & Pahl Private Wealth LLC lifted its stake in Scotts Miracle-Gro by 2.2% in the 3rd quarter. Mitchell & Pahl Private Wealth LLC now owns 9,370 shares of the basic materials company’s stock worth $812,000 after purchasing an additional 203 shares in the last quarter. 74.07% of the stock is owned by institutional investors and hedge funds.

Scotts Miracle-Gro Company 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.