Vanguard Trims Scotts Miracle-Gro Stake to 11.8%

TL;DR

**Vanguard cut its Scotts Miracle-Gro stake to 11.8%, watch for market reaction.**

AI Summary

The Vanguard Group, a major investment firm, filed an amended SC 13G/A on February 13, 2024, disclosing its ownership in Scotts Miracle-Gro Company Class A Common Stock. As of December 29, 2023, Vanguard holds 6,564,887 shares, representing 11.8% of the company's outstanding shares. This filing indicates a slight decrease in Vanguard's stake from its previous disclosure, which could signal a minor shift in institutional confidence or portfolio rebalancing, potentially impacting investor sentiment for Scotts Miracle-Gro stock.

Why It Matters

This filing shows that a major institutional investor, Vanguard, has slightly reduced its ownership in Scotts Miracle-Gro, which could be interpreted by the market as a minor loss of confidence or a strategic portfolio adjustment.

Risk Assessment

Risk Level: low — This filing represents a routine disclosure of institutional ownership changes and does not indicate a significant or immediate risk to the company.

Analyst Insight

A smart investor would monitor Scotts Miracle-Gro's stock performance and any subsequent institutional filings to gauge broader market sentiment, considering this minor reduction by Vanguard as a data point rather than a definitive trend.

Key Numbers

• 6,564,887 — Shares Beneficially Owned (Represents Vanguard's total ownership in Scotts Miracle-Gro Company Class A Common Stock as of December 29, 2023.)
• 11.8% — Percentage of Class A Common Stock (Indicates Vanguard's significant, but slightly reduced, stake in Scotts Miracle-Gro, influencing institutional sentiment.)

Key Players & Entities

• The Vanguard Group (company) — reporting person and institutional investor
• Scotts Miracle-Gro Company Class A (company) — subject company whose shares are being reported
• 6,564,887 (dollar_amount) — total number of shares beneficially owned by Vanguard
• 11.8% (dollar_amount) — percentage of Class A Common Stock owned by Vanguard
• December 29, 2023 (date) — date of the event requiring the filing
• February 13, 2024 (date) — filing date of the SC 13G/A

Forward-Looking Statements

• Scotts Miracle-Gro's stock price may experience minor downward pressure or increased volatility in the short term due to Vanguard's reduced stake. (Scotts Miracle-Gro Company) — medium confidence, target: 2024-03-13
• Other institutional investors might review their positions in Scotts Miracle-Gro, potentially leading to further adjustments in institutional ownership. (Institutional Investors) — low confidence, target: 2024-06-13

FAQ

Filing Documents

• tv01885-scottsmiraclegrocomp.htm (SC 13G/A) — 11KB
• 0001104659-24-021902.txt ( ) — 13KB

(a) - Name of Issuer

Item 1(a) - Name of Issuer: Scotts Miracle-Gro Company Class A

(b) - Address of Issuer's Principal Executive Offices

Item 1(b) - Address of Issuer's Principal Executive Offices: 14111 Scottslawn Road Marysville, OH 43041

(a) - Name of Person Filing

Item 2(a) - Name of Person Filing: The Vanguard Group - 23-1945930

(b) – Address of Principal Business Office or, if none, residence

Item 2(b) – Address of Principal Business Office or, if none, residence: 100 Vanguard Blvd. Malvern, PA 19355

(c) – Citizenship

Item 2(c) – Citizenship: Pennsylvania

(d) - Title of Class of Securities

Item 2(d) - Title of Class of Securities: Common Stock

(e) - CUSIP Number

Item 2(e) - CUSIP Number 810186106

- Type of Filing

Item 3 - Type of Filing: This statement is being filed pursuant to Rule 13d-1. An investment adviser in accordance with 240.13d-1(b)(1)(ii)(E).

- Ownership

Item 4 - Ownership: (a) Amount Beneficially Owned: (b) Percent of Class: (c) Number of shares as to which such person has: (i) sole power to vote or direct to vote: (ii) shared power to vote or direct to vote: (iii) sole power to dispose of or to direct the disposition of: (iv) shared power to dispose or to direct the disposition of: Comments: The responses to questions 5 through 9 and 11 on the cover page(s) are incorporated by reference into this Item 4.

- Ownership of Five Percent or Less of a Class

Item 5 - Ownership of Five Percent or Less of a Class: If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than 5 percent of the class of securities, check the following

- Ownership of More Than Five Percent on Behalf of Another Person

Item 6 - Ownership of More Than Five Percent on Behalf of Another Person: The Vanguard Group, Inc.'s clients, including investment companies registered under the Investment Company Act of 1940 and other managed accounts, have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the securities reported herein. No one other person's interest in the securities reported herein is more than 5%. Item 7 - Identification and Classification of the Subsidiary Which Acquired The Security Being Reported on by the Parent Holding Company: Not applicable

- Identification and Classification of Members of Group

Item 8 - Identification and Classification of Members of Group: Not applicable

- Notice of Dissolution of Group

Item 9 - Notice of Dissolution of Group: Not applicable

- Certification

Item 10 - Certification: By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under 240.14a-11. Signature After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Date: February 13, 2024 By /s/ Ashley Grim Name: Ashley Grim Title: Head of Global Fund Administration

View Full Filing

View this SC 13G/A filing on SEC EDGAR