Greenwood Capital Associates LLC Acquires 342 Shares of The Scotts Miracle-Gro Company (NYSE:SMG)

Greenwood Capital Associates LLC grew its position in shares of The Scotts Miracle-Gro Company (NYSE:SMG) by 2.2% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 15,737 shares of the basic materials company’s stock after buying an additional 342 shares during the quarter. Greenwood Capital Associates LLC’s holdings in Scotts Miracle-Gro were worth $1,364,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Versant Capital Management Inc grew its stake in Scotts Miracle-Gro by 80.1% in the second quarter. Versant Capital Management Inc now owns 389 shares of the basic materials company’s stock valued at $25,000 after acquiring an additional 173 shares during the period. Whittier Trust Co. of Nevada Inc. acquired a new stake in shares of Scotts Miracle-Gro in the 2nd quarter valued at $25,000. Global X Japan Co. Ltd. acquired a new position in Scotts Miracle-Gro in the 3rd quarter worth about $26,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in Scotts Miracle-Gro during the 2nd quarter worth approximately $29,000. Finally, Farther Finance Advisors LLC lifted its holdings in Scotts Miracle-Gro by 427.0% during the 3rd quarter. Farther Finance Advisors LLC now owns 332 shares of the basic materials company’s stock worth $29,000 after buying an additional 269 shares during the period. Institutional investors and hedge funds own 74.07% of the company’s stock.

Insider Buying and Selling at Scotts Miracle-Gro

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

Scotts Miracle-Gro Stock Performance

SMG opened at $91.55 on Tuesday. The company has a fifty day moving average price of $79.90 and a 200-day moving average price of $72.02. The Scotts Miracle-Gro Company has a one year low of $48.29 and a one year high of $91.70.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on SMG shares. Wells Fargo & Company lifted their target price on shares of Scotts Miracle-Gro from $75.00 to $85.00 and gave the stock an “overweight” rating in a research note on Thursday, August 1st. Truist Financial lifted their target price on Scotts Miracle-Gro from $65.00 to $90.00 and gave the company a “hold” rating in a research report on Wednesday, October 16th. Finally, Stifel Nicolaus lifted their target price on shares of Scotts Miracle-Gro from $75.00 to $81.00 and gave the stock a “hold” rating in a research report on Monday. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $85.25.

Scotts Miracle-Gro 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.