Fox Run Management L.L.C. Purchases New Position in The Scotts Miracle-Gro Company $SMG

Fox Run Management L.L.C. acquired a new position in shares of The Scotts Miracle-Gro Company (NYSE:SMG) in the third quarter, HoldingsChannel.com reports. The institutional investor acquired 10,072 shares of the basic materials company’s stock, valued at approximately $574,000.

A number of other hedge funds have also recently added to or reduced their stakes in SMG. Empowered Funds LLC lifted its stake in shares of Scotts Miracle-Gro by 26.3% in the 1st quarter. Empowered Funds LLC now owns 7,524 shares of the basic materials company’s stock valued at $413,000 after acquiring an additional 1,569 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in Scotts Miracle-Gro by 18.5% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 149,882 shares of the basic materials company’s stock worth $8,227,000 after purchasing an additional 23,446 shares in the last quarter. Spire Wealth Management raised its position in Scotts Miracle-Gro by 32.1% in the second quarter. Spire Wealth Management now owns 725 shares of the basic materials company’s stock valued at $48,000 after purchasing an additional 176 shares during the last quarter. Simon Quick Advisors LLC acquired a new stake in shares of Scotts Miracle-Gro during the second quarter valued at about $641,000. Finally, Bank of Montreal Can grew its holdings in shares of Scotts Miracle-Gro by 31.0% during the second quarter. Bank of Montreal Can now owns 46,401 shares of the basic materials company’s stock worth $3,061,000 after purchasing an additional 10,992 shares during the last quarter. Institutional investors and hedge funds own 74.07% of the company’s stock.

Scotts Miracle-Gro Trading Up 0.5%

Shares of Scotts Miracle-Gro stock opened at $70.20 on Friday. The business has a 50-day moving average price of $63.80 and a two-hundred day moving average price of $59.77. The Scotts Miracle-Gro Company has a 1-year low of $45.61 and a 1-year high of $72.35. The company has a market cap of $4.07 billion, a P/E ratio of 47.76 and a beta of 1.98.

Scotts Miracle-Gro (NYSE:SMG) last announced its earnings results on Wednesday, January 28th. The basic materials company reported ($0.77) EPS for the quarter, beating the consensus estimate of ($1.04) by $0.27. Scotts Miracle-Gro had a negative return on equity of 68.59% and a net margin of 2.68%.The company had revenue of $354.40 million for the quarter, compared to analyst estimates of $353.25 million. During the same quarter in the prior year, the company earned ($0.89) EPS. The firm’s revenue for the quarter was down 3.3% compared to the same quarter last year. Scotts Miracle-Gro has set its FY 2026 guidance at 4.150-4.35 EPS. Equities research analysts forecast that The Scotts Miracle-Gro Company will post 3.42 EPS for the current fiscal year.

Scotts Miracle-Gro Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 6th. Stockholders of record on Friday, February 20th will be given a dividend of $0.66 per share. The ex-dividend date of this dividend is Friday, February 20th. This represents a $2.64 annualized dividend and a dividend yield of 3.8%. Scotts Miracle-Gro’s dividend payout ratio (DPR) is 179.59%.

Insider Buying and Selling at Scotts Miracle-Gro

In related news, EVP Mark J. Scheiwer acquired 693 shares of the company’s stock in a transaction dated Tuesday, February 24th. The shares were purchased at an average price of $71.44 per share, for a total transaction of $49,507.92. Following the completion of the acquisition, the executive vice president owned 15,370 shares of the company’s stock, valued at approximately $1,098,032.80. This trade represents a 4.72% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Hagedorn Partnership, L.P. sold 50,000 shares of the firm’s stock in a transaction dated Thursday, February 12th. The shares were sold at an average price of $66.40, for a total value of $3,320,000.00. Following the completion of the sale, the director owned 13,167,641 shares of the company’s stock, valued at approximately $874,331,362.40. This represents a 0.38% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 24.40% of the company’s stock.

Analyst Ratings Changes

Several research firms recently commented on SMG. Wells Fargo & Company reiterated an “overweight” rating on shares of Scotts Miracle-Gro in a research report on Tuesday, February 17th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Scotts Miracle-Gro in a report on Wednesday, January 21st. Jefferies Financial Group raised their target price on Scotts Miracle-Gro from $71.00 to $74.00 and gave the stock a “buy” rating in a research report on Wednesday, November 5th. UBS Group set a $67.00 price target on Scotts Miracle-Gro in a research report on Thursday, January 29th. Finally, Stifel Nicolaus set a $70.00 price objective on Scotts Miracle-Gro and gave the stock a “buy” rating in a research report on Thursday, November 6th. Five analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $71.00.

Scotts Miracle-Gro Company Profile

Scotts Miracle-Gro Company is a leading developer, manufacturer and distributor of consumer lawn and garden products. The firm serves both retail and professional customers through an array of branded offerings that include lawn fertilizers, grass seed, pest and disease control solutions, plant foods and specialty products for indoor and outdoor gardening. Its portfolio spans well-known names such as Scotts®, Miracle-Gro®, Ortho® and various hydroponic and specialty garden brands.

Headquartered in Marysville, Ohio, the company traces its roots to O.M.