Fieldview Capital Management LLC Has $1.16 Million Stock Holdings in The Scotts Miracle-Gro Company $SMG

Fieldview Capital Management LLC decreased its position in The Scotts Miracle-Gro Company (NYSE:SMG) by 51.7% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 20,334 shares of the basic materials company’s stock after selling 21,744 shares during the quarter. Fieldview Capital Management LLC’s holdings in Scotts Miracle-Gro were worth $1,158,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in SMG. Captrust Financial Advisors lifted its holdings in Scotts Miracle-Gro by 12,034.5% during the 2nd quarter. Captrust Financial Advisors now owns 1,008,623 shares of the basic materials company’s stock valued at $66,529,000 after purchasing an additional 1,000,311 shares during the last quarter. AQR Capital Management LLC grew its stake in Scotts Miracle-Gro by 458.7% during the second quarter. AQR Capital Management LLC now owns 822,743 shares of the basic materials company’s stock worth $54,268,000 after buying an additional 675,493 shares during the last quarter. Ameriprise Financial Inc. increased its holdings in shares of Scotts Miracle-Gro by 163.0% during the second quarter. Ameriprise Financial Inc. now owns 899,690 shares of the basic materials company’s stock worth $59,344,000 after buying an additional 557,647 shares in the last quarter. Brandes Investment Partners LP increased its holdings 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 worth $39,836,000 after buying an additional 464,570 shares in the last quarter. Finally, Quantinno Capital Management LP raised its stake in shares of Scotts Miracle-Gro by 1,260.1% in the second quarter. Quantinno Capital Management LP now owns 489,227 shares of the basic materials company’s stock valued at $32,269,000 after acquiring an additional 453,256 shares during the last quarter. 74.07% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

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

Insiders Place Their Bets

In other news, EVP Mark J. Scheiwer bought 693 shares of the stock in a transaction dated Tuesday, February 24th. The stock was bought at an average cost of $71.44 per share, with a total value of $49,507.92. Following the purchase, the executive vice president owned 15,370 shares of the company’s stock, valued at approximately $1,098,032.80. This represents a 4.72% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Hagedorn Partnership, L.P. sold 50,000 shares of the business’s stock in a transaction on Thursday, February 12th. The stock was sold at an average price of $66.40, for a total value of $3,320,000.00. Following the sale, the director owned 13,167,641 shares of the company’s stock, valued at approximately $874,331,362.40. The trade was a 0.38% decrease in their position. The SEC filing for this sale provides additional information. 24.40% of the stock is currently owned by company insiders.

Scotts Miracle-Gro Trading Down 0.9%

Shares of NYSE SMG opened at $64.34 on Tuesday. 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 $3.73 billion, a PE ratio of 43.77 and a beta of 1.96. The company has a 50-day moving average of $64.91 and a two-hundred day moving average of $59.97.

Scotts Miracle-Gro (NYSE:SMG) last released its quarterly 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. The business had revenue of $354.40 million for the quarter, compared to analysts’ expectations of $353.25 million. Scotts Miracle-Gro had a net margin of 2.68% and a negative return on equity of 68.59%. Scotts Miracle-Gro’s revenue was down 3.3% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.89) earnings per share. Scotts Miracle-Gro has set its FY 2026 guidance at 4.150-4.35 EPS. As a group, equities research analysts forecast that The Scotts Miracle-Gro Company will post 3.42 earnings per share for the current year.

Scotts Miracle-Gro Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 6th. Shareholders of record on Friday, February 20th were issued a dividend of $0.66 per share. The ex-dividend date of this dividend was Friday, February 20th. This represents a $2.64 annualized dividend and a yield of 4.1%. Scotts Miracle-Gro’s dividend payout ratio is currently 179.59%.

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.