Scotts Miracle-Gro (NYSE:SMG) EVP Mark Scheiwer Purchases 693 Shares

The Scotts Miracle-Gro Company (NYSE:SMG) EVP Mark Scheiwer purchased 693 shares of the company’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 purchase, the executive vice president directly owned 15,370 shares in the company, valued at approximately $1,098,032.80. This trade represents a 4.72% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Scotts Miracle-Gro Stock Performance

SMG traded down $0.42 during trading hours on Thursday, reaching $69.30. The company’s stock had a trading volume of 259,057 shares, compared to its average volume of 883,949. The firm has a market cap of $4.02 billion, a PE ratio of 47.20 and a beta of 1.98. The company’s 50-day moving average is $63.33 and its 200-day moving average is $59.64. The Scotts Miracle-Gro Company has a 52 week low of $45.61 and a 52 week high of $72.35.

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

Scotts Miracle-Gro Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 6th. Shareholders 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 dividend on an annualized basis and a yield of 3.8%. Scotts Miracle-Gro’s dividend payout ratio is presently 179.59%.

Institutional Investors Weigh In On Scotts Miracle-Gro

A number of large investors have recently modified their holdings of the business. Versor Investments LP acquired a new stake in shares of Scotts Miracle-Gro in the 3rd quarter valued at about $1,355,000. Campbell & CO Investment Adviser LLC bought a new stake in shares of Scotts Miracle-Gro in the third quarter worth approximately $1,425,000. Thrivent Financial for Lutherans lifted its stake in shares of Scotts Miracle-Gro by 215.2% during the 2nd quarter. Thrivent Financial for Lutherans now owns 31,853 shares of the basic materials company’s stock worth $2,101,000 after acquiring an additional 21,747 shares during the last quarter. Brandes Investment Partners LP lifted its position in shares of Scotts Miracle-Gro by 333.3% during the second quarter. Brandes Investment Partners LP now owns 603,941 shares of the basic materials company’s stock valued at $39,836,000 after buying an additional 464,570 shares during the last quarter. Finally, Quinn Opportunity Partners LLC acquired a new position in shares of Scotts Miracle-Gro during the second quarter worth $2,183,000. Institutional investors and hedge funds own 74.07% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on SMG shares. Jefferies Financial Group raised their target price on shares of Scotts Miracle-Gro from $71.00 to $74.00 and gave the company a “buy” rating in a research note on Wednesday, November 5th. Wells Fargo & Company reaffirmed an “overweight” rating on shares of Scotts Miracle-Gro in a research note on Tuesday, February 17th. Stifel Nicolaus set a $70.00 target price on shares of Scotts Miracle-Gro and gave the stock a “buy” rating in a report on Thursday, November 6th. UBS Group set a $67.00 price target on Scotts Miracle-Gro in a report on Thursday, January 29th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Scotts Miracle-Gro in a research report on Wednesday, January 21st. Five investment 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 has an average rating of “Moderate Buy” and a consensus 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.