1,238 Shares in The Scotts Miracle-Gro Company (NYSE:SMG) Purchased by Truvestments Capital LLC

Truvestments Capital LLC acquired a new position in shares of The Scotts Miracle-Gro Company (NYSE:SMG) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 1,238 shares of the basic materials company’s stock, valued at approximately $107,000.

A number of other institutional investors have also recently added to or reduced their stakes in SMG. AQR Capital Management LLC boosted its holdings in 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 worth $49,515,000 after buying an additional 502,353 shares in the last quarter. International Assets Investment Management LLC boosted its holdings in 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 worth $24,405,000 after buying an additional 278,146 shares in the last quarter. Retirement Systems of Alabama boosted its holdings in Scotts Miracle-Gro by 309.5% during the second quarter. Retirement Systems of Alabama now owns 215,717 shares of the basic materials company’s stock worth $14,035,000 after buying an additional 163,037 shares in the last quarter. Pacer Advisors Inc. lifted its holdings in shares of Scotts Miracle-Gro by 5.0% in the third quarter. Pacer Advisors Inc. now owns 3,172,800 shares of the basic materials company’s stock valued at $275,082,000 after purchasing an additional 151,354 shares in the last quarter. Finally, Quantbot Technologies LP purchased a new stake in shares of Scotts Miracle-Gro in the second quarter valued at about $7,341,000. Hedge funds and other institutional investors own 74.07% of the company’s stock.

Scotts Miracle-Gro Price Performance

NYSE:SMG opened at $77.78 on Wednesday. The firm has a 50 day simple moving average of $82.37 and a 200-day simple moving average of $73.01. The Scotts Miracle-Gro Company has a 1-year low of $53.43 and a 1-year high of $93.90.

Scotts Miracle-Gro Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 22nd will be given a dividend of $0.66 per share. This represents a $2.64 annualized dividend and a yield of 3.39%. The ex-dividend date is Friday, November 22nd. Scotts Miracle-Gro’s dividend payout ratio (DPR) is -382.61%.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. JPMorgan Chase & Co. reduced 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 report on Thursday, November 7th. Truist Financial reduced their price target on shares of Scotts Miracle-Gro from $90.00 to $70.00 and set a “hold” rating on the stock in a report on Friday, November 8th. Stifel Nicolaus upped their price target on shares of Scotts Miracle-Gro from $75.00 to $81.00 and gave the company a “hold” rating in a report on Monday, November 4th. UBS Group reduced their price target on shares of Scotts Miracle-Gro from $90.00 to $77.00 and set a “neutral” rating on the stock in a report on Thursday, November 7th. Finally, Wells Fargo & Company reduced their price target on shares of Scotts Miracle-Gro from $95.00 to $85.00 and set an “overweight” rating on the stock in a report on Thursday, November 7th. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $78.60.

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.