SCHEDULE: FMR LLC Holds 7% Stake in Scotts Miracle-Gro

Sentiment:

Ownership Filing


FMR LLC and Abigail P. Johnson report a combined beneficial ownership of 7.0% of The Scotts Miracle-Gro Company's common stock as of June 30, 2026.

Summary

  • FMR LLC, along with Abigail P. Johnson, has reported beneficial ownership of 4,096,621.40 shares of The Scotts Miracle-Gro Company's common stock.
  • This holding represents 7.0% of the class of securities.
  • The filing is a Schedule 13G, indicating passive investment intent.
  • The reporting entities include FMR LLC, FIAM LLC, Fidelity Management & Research Company LLC, and Strategic Advisers LLC.
  • Abigail P. Johnson is identified as a Director, Chairman, and CEO of FMR LLC, with family members holding significant voting power in FMR LLC.

Sentiment

Score: 6

Explanation: StockSavvy.ai views this filing as neutral to slightly positive, reflecting a significant but stable institutional ownership stake without immediate indications of aggressive buying or selling.

Positives

  • FMR LLC and its affiliates maintain a substantial ownership stake (7.0%) in The Scotts Miracle-Gro Company, indicating confidence from a major financial institution.
  • The filing is a Schedule 13G, which typically signifies a passive investment approach, suggesting no intent to control or influence the company's management.

Negatives

  • No specific negative financial or operational information is presented in this Schedule 13G filing.

Risks

  • While this filing is a Schedule 13G and indicates passive ownership, any significant shift in this large stake could impact the stock price.
  • The concentration of ownership among FMR LLC and its affiliates, and the influence of the Johnson family on FMR LLC's voting power, could be a factor in corporate governance discussions.

Future Outlook

This filing is a Schedule 13G, which reports passive ownership and does not contain forward-looking statements or specific future guidance from the company itself. The future outlook is therefore not applicable based on this document.

Management Comments

  • No direct management comments from The Scotts Miracle-Gro Company are included in this filing.
  • Stephanie J. Brown is listed as the signatory for FMR LLC and Abigail P. Johnson, acting under Power of Attorney.

Industry Context

StockSavvy.ai notes that a Schedule 13G filing from a major entity like FMR LLC signifies significant institutional interest in the consumer staples sector, specifically within the lawn and garden segment where Scotts Miracle-Gro operates. This level of passive ownership is common for large asset managers.

Comparison to Industry Standards

  • A 7.0% ownership stake by a single reporting entity or group is considered a substantial institutional holding within the consumer staples industry.
  • Competitors in the lawn and garden space, such as Spectrum Brands or Central Garden & Pet, may have different institutional ownership profiles, but a 7% stake is generally indicative of a significant investor's conviction.

Corporate Governance

Change TypeDescriptionEffective DateImpact Assessment
Voting AgreementMembers of the Johnson family and other Series B shareholders of FMR LLC have entered into a shareholders' voting agreement to vote Series B shares according to the majority vote.Not specified, but implied to be in effect for the reporting period.Enhances the consolidated voting power and control of the Johnson family group over FMR LLC.

Stakeholder Impact

  • Shareholders: The significant institutional holding by FMR LLC may provide a degree of stability to the stock price, but also indicates a large block of shares that could be traded.
  • Management: The passive nature of the filing suggests no immediate intent to influence management decisions, but the substantial stake is a factor in corporate governance.
  • Creditors: No direct impact on creditors is indicated by this filing.

Next Steps

  • FMR LLC and Abigail P. Johnson will continue to hold their beneficial ownership stake.
  • Future filings will be made if there are material changes in beneficial ownership.

Key Dates

DateDescription
01/03/2023Effective date of Power of Attorney for FMR LLC.
01/31/2023Effective date of Power of Attorney for Abigail P. Johnson.
06/30/2026Date of Event Which Requires Filing of this Statement.
08/05/2026Date of signature for the Schedule 13G filing.

Keywords

Scotts Miracle-Gro, FMR LLC, Abigail P. Johnson, Institutional Ownership, Schedule 13G, Common Stock, Beneficial Ownership

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