De Lisle Partners LLP Buys Shares of 117,190 The Scotts Miracle-Gro Company (NYSE:SMG)

De Lisle Partners LLP bought a new stake in shares of The Scotts Miracle-Gro Company (NYSE:SMG) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 117,190 shares of the basic materials company’s stock, valued at approximately $10,162,000. Scotts Miracle-Gro comprises 1.6% of De Lisle Partners LLP’s investment portfolio, making the stock its 13th biggest position. De Lisle Partners LLP owned 0.21% of Scotts Miracle-Gro as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in the business. Tidal Investments LLC lifted its holdings in shares of Scotts Miracle-Gro by 279.0% in the 1st quarter. Tidal Investments LLC now owns 31,275 shares of the basic materials company’s stock worth $2,333,000 after acquiring an additional 23,023 shares during the last quarter. Comerica Bank lifted its holdings in shares of Scotts Miracle-Gro by 58.7% in the 1st quarter. Comerica Bank now owns 77,183 shares of the basic materials company’s stock worth $5,757,000 after acquiring an additional 28,557 shares during the last quarter. LRI Investments LLC bought a new stake in shares of Scotts Miracle-Gro in the 1st quarter worth approximately $123,000. Atria Investments Inc lifted its holdings in shares of Scotts Miracle-Gro by 22.9% in the 1st quarter. Atria Investments Inc now owns 38,820 shares of the basic materials company’s stock worth $2,896,000 after acquiring an additional 7,231 shares during the last quarter. Finally, Cetera Investment Advisers lifted its holdings in shares of Scotts Miracle-Gro by 974.4% in the 1st quarter. Cetera Investment Advisers now owns 41,987 shares of the basic materials company’s stock worth $3,132,000 after acquiring an additional 38,079 shares during the last quarter. 74.07% of the stock is currently owned by institutional investors.

Scotts Miracle-Gro Stock Down 2.6 %

NYSE SMG opened at $75.77 on Thursday. The firm has a market capitalization of $4.31 billion, a PE ratio of -109.81 and a beta of 1.76. The stock’s 50 day moving average is $82.49 and its 200 day moving average is $73.08. The Scotts Miracle-Gro Company has a twelve month low of $53.43 and a twelve month high of $93.90.

Scotts Miracle-Gro Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Friday, November 22nd will be given a $0.66 dividend. This represents a $2.64 dividend on an annualized basis and a dividend yield of 3.48%. The ex-dividend date of this dividend is Friday, November 22nd. Scotts Miracle-Gro’s dividend payout ratio is presently -382.61%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the stock. JPMorgan Chase & Co. lowered their price target on shares of Scotts Miracle-Gro from $85.00 to $80.00 and set an “overweight” rating for the company in a report on Thursday, November 7th. Stifel Nicolaus upped their price target on shares of Scotts Miracle-Gro from $75.00 to $81.00 and gave the company a “hold” rating in a report on Monday, November 4th. Truist Financial lowered their price target on shares of Scotts Miracle-Gro from $90.00 to $70.00 and set a “hold” rating for the company in a report on Friday, November 8th. UBS Group lowered their price target on shares of Scotts Miracle-Gro from $90.00 to $77.00 and set a “neutral” rating for the company in a report on Thursday, November 7th. Finally, Wells Fargo & Company reduced 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 research report on Thursday, November 7th. Five research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, Scotts Miracle-Gro presently has an average rating of “Hold” and a consensus target price of $78.60.

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.