Swiss National Bank Grows Stock Holdings in The Scotts Miracle-Gro Company (NYSE:SMG) – Defense World

Swiss National Bank raised its position in shares of The Scotts Miracle-Gro Company (NYSE:SMG Get Rating) by 6.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 97,800 shares of the basic materials companys stock after buying an additional 5,700 shares during the period. Swiss National Bank owned about 0.18% of Scotts Miracle-Gro worth $12,025,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Advisor Group Holdings Inc. raised its stake in shares of Scotts Miracle-Gro by 15.6% in the fourth quarter. Advisor Group Holdings Inc. now owns 48,889 shares of the basic materials companys stock valued at $7,888,000 after acquiring an additional 6,613 shares in the last quarter. Cambridge Investment Research Advisors Inc. raised its stake in shares of Scotts Miracle-Gro by 2.8% in the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 27,490 shares of the basic materials companys stock valued at $4,426,000 after acquiring an additional 759 shares in the last quarter. Toronto Dominion Bank acquired a new stake in shares of Scotts Miracle-Gro in the fourth quarter valued at $128,000. Mercer Global Advisors Inc. ADV acquired a new stake in shares of Scotts Miracle-Gro in the fourth quarter valued at $358,000. Finally, Envestnet Asset Management Inc. raised its stake in shares of Scotts Miracle-Gro by 4.4% in the fourth quarter. Envestnet Asset Management Inc. now owns 244,997 shares of the basic materials companys stock valued at $39,444,000 after acquiring an additional 10,219 shares in the last quarter. 62.23% of the stock is currently owned by hedge funds and other institutional investors.

SMG opened at $82.11 on Thursday. The businesss 50-day simple moving average is $82.39 and its 200-day simple moving average is $105.36. The company has a debt-to-equity ratio of 7.55, a quick ratio of 1.10 and a current ratio of 2.42. The Scotts Miracle-Gro Company has a one year low of $72.58 and a one year high of $180.43. The stock has a market capitalization of $4.55 billion, a P/E ratio of -17.00 and a beta of 1.24.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 9th. Investors of record on Friday, August 26th will be issued a dividend of $0.66 per share. This represents a $2.64 dividend on an annualized basis and a dividend yield of 3.22%. The ex-dividend date is Thursday, August 25th. Scotts Miracle-Gros dividend payout ratio is currently -54.66%.

SMG has been the topic of several analyst reports. TheStreet cut Scotts Miracle-Gro from a c rating to a d+ rating in a research note on Wednesday, August 3rd. JPMorgan Chase & Co. cut Scotts Miracle-Gro from an overweight rating to a neutral rating and cut their price target for the company from $130.00 to $95.00 in a research note on Thursday, June 9th. Wells Fargo & Company cut Scotts Miracle-Gro from an overweight rating to an equal weight rating and cut their price target for the company from $115.00 to $85.00 in a research note on Wednesday, June 22nd. Truist Financial cut Scotts Miracle-Gro from a buy rating to a hold rating and cut their price target for the company from $185.00 to $85.00 in a research note on Wednesday, June 8th. Finally, StockNews.com cut Scotts Miracle-Gro from a hold rating to a sell rating in a research note on Saturday, May 21st. One analyst has rated the stock with a sell rating, six have assigned a hold rating, one has given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of Hold and an average price target of $113.88.

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The Scotts Miracle-Gro Company engages in the manufacture, marketing, and sale of products for lawn, garden care, and indoor and hydroponic gardening in the United States and internationally. The company operates through three segments: U.S. Consumer, Hawthorne, and Other. It provides lawn care products comprising lawn fertilizers, grass seed products, spreaders, other durable products, and outdoor cleaners, as well as lawn-related weed, pest, and disease control products; gardening and landscape products include water-soluble and continuous-release plant foods, potting mixes and garden soils, mulch and decorative groundcover products, plant-related pest and disease control products, organic garden products, and lives goods and seeding solutions.

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Swiss National Bank Grows Stock Holdings in The Scotts Miracle-Gro Company (NYSE:SMG) - Defense World