SCHEDULE 13G/A: Kayne Anderson Rudnick Discloses 3.15% Stake in Scotts Miracle-Gro Co
Beneficial Ownership Report
Investment adviser Kayne Anderson Rudnick Investment Management, LLC has filed an amended Schedule 13G, disclosing a 3.15% beneficial ownership stake in Scotts Miracle-Gro Co as of March 31, 2025.
Summary
- Kayne Anderson Rudnick Investment Management, LLC reported beneficial ownership of 1,812,436 shares of Scotts Miracle-Gro Co common stock.
- This ownership represents 3.15% of the company's outstanding common stock.
- The filing is an Amendment No. 5 to a previously filed Schedule 13G, indicating an update to an existing position.
- The reporting entity, an investment adviser, certifies that these securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing the control of Scotts Miracle-Gro Co.
- The beneficial ownership includes 1,562,593 shares with sole voting power and 132,349 shares with shared voting power.
- Additionally, it includes 1,680,087 shares with sole dispositive power and 132,349 shares with shared dispositive power.
Sentiment
Score: 5
Explanation: The document is a routine beneficial ownership filing (Schedule 13G Amendment No. 5) by an investment adviser, disclosing their current stake in Scotts Miracle-Gro Co. It does not contain financial performance data, strategic updates, or forward-looking statements that would typically influence sentiment, thus it is neutral.
Future Outlook
The document does not contain any forward-looking statements or guidance regarding the issuer's future performance or outlook.
Industry Context
This filing is a routine disclosure of an institutional investor's stake and does not provide specific insights into broader industry trends or competitive dynamics within the lawn and garden or consumer products sectors.
Stakeholder Impact
- Shareholders: Provides transparency regarding the beneficial ownership of a significant institutional investor, which can be perceived as a vote of confidence in the company by a professional investment firm.
Key Dates
| Date | Description |
|---|---|
| 03/31/2025 | Date of event which requires filing of this statement |
| 05/14/2025 | Signature date of the filing |
Keywords
Scotts Miracle-Gro, SMG, Kayne Anderson Rudnick, Investment Management, Schedule 13G, Beneficial Ownership, Common Stock, SEC Filing, Institutional Investor
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