Trajan Wealth LLC Sells 121 Shares of The Scotts Miracle-Gro Company (NYSE:SMG)

Trajan Wealth LLC trimmed its position in shares of The Scotts Miracle-Gro Company (NYSE:SMG) by 3.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,994 shares of the basic materials company’s stock after selling 121 shares during the quarter. Trajan Wealth LLC’s holdings in Scotts Miracle-Gro were worth $260,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD grew its stake in shares of Scotts Miracle-Gro by 24.8% during the first quarter. Price T Rowe Associates Inc. MD now owns 2,726,338 shares of the basic materials company’s stock valued at $203,359,000 after purchasing an additional 542,406 shares during the last quarter. AQR Capital Management LLC grew its stake in shares of 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 valued at $49,515,000 after purchasing an additional 502,353 shares during the last quarter. Earnest Partners LLC grew its stake in shares of Scotts Miracle-Gro by 18.2% during the first quarter. Earnest Partners LLC now owns 3,113,153 shares of the basic materials company’s stock valued at $232,210,000 after purchasing an additional 479,315 shares during the last quarter. Interval Partners LP grew its stake in shares of Scotts Miracle-Gro by 3,581.1% during the first quarter. Interval Partners LP now owns 478,546 shares of the basic materials company’s stock valued at $35,695,000 after purchasing an additional 465,546 shares during the last quarter. Finally, International Assets Investment Management LLC grew its stake in shares of 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 valued at $24,405,000 after purchasing an additional 278,146 shares during the last quarter. 74.07% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, COO Nathan Eric Baxter sold 2,988 shares of the firm’s stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $70.93, for a total transaction of $211,938.84. Following the sale, the chief operating officer now directly owns 37,920 shares in the company, valued at $2,689,665.60. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, COO Nathan Eric Baxter sold 2,988 shares of the firm’s stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $70.93, for a total transaction of $211,938.84. Following the sale, the chief operating officer now directly owns 37,920 shares in the company, valued at $2,689,665.60. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, major shareholder Hagedorn Partnership, L.P. sold 85,130 shares of the firm’s stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $70.93, for a total transaction of $6,038,270.90. Following the sale, the insider now owns 13,608,238 shares in the company, valued at approximately $965,232,321.34. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 26.46% of the stock is currently owned by company insiders.

Scotts Miracle-Gro Stock Performance

SMG opened at $88.46 on Thursday. The firm’s fifty day moving average is $79.20 and its two-hundred day moving average is $71.71. The firm has a market cap of $5.03 billion, a PE ratio of -18.70 and a beta of 1.76. The Scotts Miracle-Gro Company has a twelve month low of $43.98 and a twelve month high of $91.09.

Scotts Miracle-Gro (NYSE:SMG) last posted its earnings results on Wednesday, July 31st. The basic materials company reported $2.31 earnings per share for the quarter, topping the consensus estimate of $1.89 by $0.42. The company had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.20 billion. Scotts Miracle-Gro had a negative net margin of 7.38% and a negative return on equity of 41.19%. The business’s revenue for the quarter was up 7.5% compared to the same quarter last year. During the same period last year, the business posted $1.17 earnings per share. Equities analysts forecast that The Scotts Miracle-Gro Company will post 2.62 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts have recently commented on SMG shares. Stifel Nicolaus increased their price target on shares of Scotts Miracle-Gro from $70.00 to $75.00 and gave the company a “hold” rating in a research note on Friday, August 2nd. Wells Fargo & Company increased their price objective on shares of Scotts Miracle-Gro from $75.00 to $85.00 and gave the company an “overweight” rating in a report on Thursday, August 1st. Finally, Truist Financial increased their price objective on shares of Scotts Miracle-Gro from $65.00 to $90.00 and gave the company a “hold” rating in a report on Wednesday, October 16th. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $83.75.

About Scotts Miracle-Gro

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.