Landscape Capital Management L.L.C. Has $14.28 Million Stake in The Scotts Miracle-Gro Company $SMG

Landscape Capital Management L.L.C. raised its position in shares of The Scotts Miracle-Gro Company (NYSE:SMG) by 276.5% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 250,766 shares of the basic materials company’s stock after acquiring an additional 184,170 shares during the period. Scotts Miracle-Gro makes up about 0.9% of Landscape Capital Management L.L.C.’s investment portfolio, making the stock its 10th largest position. Landscape Capital Management L.L.C. owned 0.43% of Scotts Miracle-Gro worth $14,281,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Covestor Ltd raised its position in Scotts Miracle-Gro by 201.1% in the 3rd quarter. Covestor Ltd now owns 527 shares of the basic materials company’s stock worth $30,000 after purchasing an additional 352 shares during the period. Hantz Financial Services Inc. grew its stake in shares of Scotts Miracle-Gro by 157.3% during the third quarter. Hantz Financial Services Inc. now owns 584 shares of the basic materials company’s stock valued at $33,000 after buying an additional 357 shares during the last quarter. Smartleaf Asset Management LLC raised its holdings in shares of Scotts Miracle-Gro by 156.7% in the third quarter. Smartleaf Asset Management LLC now owns 634 shares of the basic materials company’s stock worth $35,000 after buying an additional 387 shares during the period. Carolina Wealth Advisors LLC purchased a new position in Scotts Miracle-Gro during the 3rd quarter valued at $55,000. Finally, Mowery & Schoenfeld Wealth Management LLC bought a new position in Scotts Miracle-Gro in the 3rd quarter valued at $60,000. Institutional investors own 74.07% of the company’s stock.

Insider Transactions at Scotts Miracle-Gro

In other Scotts Miracle-Gro news, Director Hagedorn Partnership, L.P. sold 50,000 shares of the firm’s stock in a transaction that occurred on 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 directly owned 13,167,641 shares in the company, valued at $874,331,362.40. This trade represents a 0.38% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Mark J. Scheiwer purchased 693 shares of the business’s stock in a transaction on Tuesday, February 24th. The stock was purchased at an average cost of $71.44 per share, for a total transaction of $49,507.92. Following the completion of the acquisition, the executive vice president directly owned 15,370 shares of the company’s stock, valued at approximately $1,098,032.80. The trade was a 4.72% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. 24.40% of the stock is currently owned by company insiders.

Scotts Miracle-Gro Stock Up 2.0%

SMG stock traded up $1.18 during trading on Friday, hitting $60.83. 68,102 shares of the company’s stock traded hands, compared to its average volume of 870,376. The firm has a market capitalization of $3.53 billion, a P/E ratio of 41.36 and a beta of 1.96. The Scotts Miracle-Gro Company has a 1 year low of $45.61 and a 1 year high of $72.35. The business has a fifty day simple moving average of $65.13 and a two-hundred day simple moving average of $59.99.

Scotts Miracle-Gro (NYSE:SMG) last announced its earnings results on Wednesday, January 28th. The basic materials company reported ($0.77) earnings per share (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 business had revenue of $354.40 million for the quarter, compared to analysts’ expectations of $353.25 million. During the same quarter last year, the firm earned ($0.89) EPS. The business’s revenue for the quarter was down 3.3% on a year-over-year basis. Scotts Miracle-Gro has set its FY 2026 guidance at 4.150-4.35 EPS. On average, equities research analysts predict that The Scotts Miracle-Gro Company will post 3.42 EPS for the current fiscal year.

Scotts Miracle-Gro Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 6th. Shareholders of record on Friday, February 20th were given a dividend of $0.66 per share. This represents a $2.64 annualized dividend and a dividend yield of 4.3%. The ex-dividend date of this dividend was Friday, February 20th. Scotts Miracle-Gro’s dividend payout ratio is presently 179.59%.

Analyst Upgrades and Downgrades

SMG has been the subject of several research analyst reports. UBS Group set a $67.00 target price on Scotts Miracle-Gro in a research report on Thursday, January 29th. Wells Fargo & Company reissued an “overweight” rating on shares of Scotts Miracle-Gro in a research report on Tuesday, February 17th. Stifel Nicolaus upped their target price on shares of Scotts Miracle-Gro from $70.00 to $79.00 and gave the stock a “buy” rating in a research note on Tuesday, March 3rd. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Scotts Miracle-Gro in a research report on Wednesday, January 21st. Five research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, Scotts Miracle-Gro currently has an average rating of “Moderate Buy” and an average target price of $72.50.

About Scotts Miracle-Gro

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.