TD Private Client Wealth LLC Sells 156 Shares of The Scotts Miracle-Gro Company (NYSE:SMG)

TD Private Client Wealth LLC lessened its holdings in shares of The Scotts Miracle-Gro Company (NYSE:SMG) by 0.8% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 18,390 shares of the basic materials company’s stock after selling 156 shares during the quarter. TD Private Client Wealth LLC’s holdings in Scotts Miracle-Gro were worth $1,594,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of SMG. OLD National Bancorp IN boosted its holdings in Scotts Miracle-Gro by 2.7% during the 3rd quarter. OLD National Bancorp IN now owns 5,049 shares of the basic materials company’s stock worth $438,000 after acquiring an additional 131 shares during the last quarter. Nicollet Investment Management Inc. boosted its holdings in Scotts Miracle-Gro by 1.1% during the 3rd quarter. Nicollet Investment Management Inc. now owns 12,845 shares of the basic materials company’s stock worth $1,114,000 after acquiring an additional 135 shares during the last quarter. Blue Trust Inc. boosted its holdings in Scotts Miracle-Gro by 83.6% during the 3rd quarter. Blue Trust Inc. now owns 369 shares of the basic materials company’s stock worth $32,000 after acquiring an additional 168 shares during the last quarter. Vanguard Personalized Indexing Management LLC boosted its holdings in Scotts Miracle-Gro by 4.6% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 3,944 shares of the basic materials company’s stock worth $251,000 after acquiring an additional 174 shares during the last quarter. Finally, Abich Financial Wealth Management LLC boosted its holdings in Scotts Miracle-Gro by 25.8% during the 2nd quarter. Abich Financial Wealth Management LLC now owns 854 shares of the basic materials company’s stock worth $56,000 after acquiring an additional 175 shares during the last quarter. Institutional investors own 74.07% of the company’s stock.

Scotts Miracle-Gro Stock Up 1.1 %

NYSE SMG opened at $74.34 on Friday. The Scotts Miracle-Gro Company has a 52 week low of $53.43 and a 52 week high of $93.90. The firm’s 50-day simple moving average is $81.03 and its two-hundred day simple moving average is $73.61.

Scotts Miracle-Gro Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 6th. Shareholders of record on Friday, November 22nd were issued a dividend of $0.66 per share. This represents a $2.64 annualized dividend and a yield of 3.55%. The ex-dividend date of this dividend was Friday, November 22nd. Scotts Miracle-Gro’s dividend payout ratio (DPR) is presently -382.61%.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on SMG. Wells Fargo & Company cut their price objective on shares of Scotts Miracle-Gro from $95.00 to $85.00 and set an “overweight” rating on the stock in a report on Thursday, November 7th. UBS Group cut their price objective on shares of Scotts Miracle-Gro from $90.00 to $77.00 and set a “neutral” rating on the stock in a report on Thursday, November 7th. Stifel Nicolaus boosted their price target on shares of Scotts Miracle-Gro from $75.00 to $81.00 and gave the stock a “hold” rating in a report on Monday, November 4th. Truist Financial cut their price target on shares of Scotts Miracle-Gro from $90.00 to $70.00 and set a “hold” rating on the stock in a report on Friday, November 8th. Finally, JPMorgan Chase & Co. cut their price target on shares of Scotts Miracle-Gro from $85.00 to $80.00 and set an “overweight” rating on the stock in a report on Thursday, November 7th. Six equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, Scotts Miracle-Gro presently has an average rating of “Hold” and an average target price of $77.50.

Insider Buying and Selling at Scotts Miracle-Gro

In other news, major shareholder Hagedorn Partnership, L.P. sold 28,000 shares of the company’s stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $75.91, for a total transaction of $2,125,480.00. Following the sale, the insider now directly owns 13,553,774 shares in the company, valued at $1,028,866,984.34. This represents a 0.21 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, COO Nathan Eric Baxter sold 11,359 shares of the company’s stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $75.37, for a total value of $856,127.83. Following the sale, the chief operating officer now owns 51,631 shares in the company, valued at approximately $3,891,428.47. This represents a 18.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 58,227 shares of company stock valued at $4,410,268 over the last three months. 26.46% of the stock is currently owned by insiders.

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.