Earnest Partners Reduces $4M in The Scotts Miracle-Gro Company ($SMG)
Earnest Partners reduced its holdings in Scotts Miracle-Gro by 1.5%, selling over 53,000 shares.
Key Points
- Earnest Partners reduced its position in The Scotts Miracle-Gro Company by 1.5%, selling 53,419 shares to hold 3,399,648 shares valued at $214.4 million.
- Shares of Scotts Miracle-Gro (NYSE:SMG) traded at $63.08, with a market cap of $3.65 billion and a P/E ratio of 18.02.
- Insiders at Scotts Miracle-Gro made multiple buys in June 2026, while analysts like Stifel maintained a 'buy' rating with a $75 target.
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Earnest Partners trimmed its stake in The Scotts Miracle-Gro Company (NYSE:SMG) by 1.5%. The recent SEC filing shows the fund sold 53,419 shares, reducing its holdings to 3,399,648 shares, valued at about $214.4 million. This move reflects the fund's latest position as of the reporting period.
What Changed in Earnest Partners' Scotts Miracle-Gro Position
Earnest Partners reduced its holdings in Scotts Miracle-Gro from 3,453,067 shares to 3,399,648 shares, a decrease of 53,419 shares or about 1.5%. The value of the position now stands at approximately $214.4 million.
Other Institutional Activity in Scotts Miracle-Gro
Several other funds also adjusted their positions in Scotts Miracle-Gro. BlackRock, Inc. grew its holdings by 235,875 shares, ending with 4,444,656 shares valued at about $270.3 million. Vanguard Portfolio Management LLC acquired 2,503,140 shares, bringing its total to the same number, valued at $152.2 million. FMR LLC significantly increased its stake by 679,035 shares to hold 2,141,195 shares worth $130.2 million. Meanwhile, State Street Corp added 32,961 shares, bringing its total to 1,518,922 shares valued at $92.4 million.
The Scotts Miracle-Gro Company Stock Up 13.9%
Shares of Scotts Miracle-Gro (NYSE:SMG) traded near $63.08. The company has a market cap of $3.65 billion and a P/E ratio of 18.02. Its forward P/E is 13.36, and it carries a beta of 1.83. The stock's 52-week range is between $52.00 and $72.35, with a 50-day moving average of $61.08 and a 200-day moving average of $60.45.
$SMG stock price
Daily closing prices, year to date. Not investment advice.
Recent Earnings
For its most recent quarter, Scotts Miracle-Gro reported revenue of $3.47 billion, reflecting a growth rate of 5%. The company's earnings per share (EPS) stood at $3.48, with a net margin of 3.19%. The next earnings announcement is expected on July 29, 2026.
Dividend
Scotts Miracle-Gro offers an annual dividend rate of $2.64, yielding 4.19%. The dividend payout ratio is 75.86%.
Insider Buying and Selling at The Scotts Miracle-Gro Company
On June 5, 2026, several insiders, including EVP, CFO & CAO Mark Scheiwer, bought shares of Scotts Miracle-Gro. Scheiwer purchased 16 shares at an average price of $57.13, and other insiders like Peter Shumlin and Adam Hanft also made small buys.
Analysts Set New Price Targets
On June 8, 2026, Stifel maintained its 'buy' rating on Scotts Miracle-Gro with a price target of $75. Wells Fargo also maintained a 'buy' rating, setting a target of $72 on April 8, 2026. JP Morgan downgraded the stock to 'hold' with a $67 target on March 26, 2026. The consensus recommendation is a 'buy' with an average target price of $72.67 from six analysts.
About The Scotts Miracle-Gro Company
The Scotts Miracle-Gro Company, based in Marysville, Ohio, manufactures and sells products for lawn, garden care, and hydroponic gardening both in the U.S. and internationally. The company offers a wide range of products under various brands including Scotts, Miracle-Gro, and Ortho, serving home centers, hardware stores, and e-commerce platforms. Led by CEO James S. Hagedorn, the company employs around 5,200 people.
Bottom Line
Earnest Partners' recent filing shows a slight reduction in its Scotts Miracle-Gro holdings, reflecting a common practice of portfolio adjustment. Investors keep an eye on such filings for insights into fund strategies and market confidence. Remember, 13F filings are historical and might not represent current holdings.
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