Campbell & CO Investment Adviser LLC Purchases Shares of 25,023 The Scotts Miracle-Gro Company $SMG

Campbell & CO Investment Adviser LLC purchased a new stake in shares of The Scotts Miracle-Gro Company (NYSE:SMG) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 25,023 shares of the basic materials company’s stock, valued at approximately $1,425,000.

Several other institutional investors have also recently made changes to their positions in SMG. American National Bank & Trust bought a new stake in Scotts Miracle-Gro during the second quarter valued at approximately $28,000. Spire Wealth Management increased its position in Scotts Miracle-Gro by 32.1% in the second quarter. Spire Wealth Management now owns 725 shares of the basic materials company’s stock worth $48,000 after buying an additional 176 shares in the last quarter. Carolina Wealth Advisors LLC bought a new position in shares of Scotts Miracle-Gro in the third quarter worth about $55,000. First Horizon Advisors Inc. boosted its position in shares of Scotts Miracle-Gro by 835.1% in the second quarter. First Horizon Advisors Inc. now owns 907 shares of the basic materials company’s stock worth $60,000 after purchasing an additional 810 shares during the period. Finally, Mowery & Schoenfeld Wealth Management LLC purchased a new stake in shares of Scotts Miracle-Gro in the third quarter worth $60,000. Institutional investors own 74.07% of the company’s stock.

Scotts Miracle-Gro Price Performance

NYSE:SMG opened at $63.65 on Friday. The company has a market cap of $3.69 billion, a price-to-earnings ratio of 26.30 and a beta of 1.95. The Scotts Miracle-Gro Company has a 1 year low of $45.61 and a 1 year high of $79.11. The stock’s 50 day simple moving average is $57.57 and its two-hundred day simple moving average is $59.71.

Scotts Miracle-Gro (NYSE:SMG) last posted its earnings results on Wednesday, November 5th. The basic materials company reported ($1.96) EPS for the quarter, missing analysts’ consensus estimates of ($1.88) by ($0.08). Scotts Miracle-Gro had a net margin of 4.26% and a negative return on equity of 67.74%. The firm had revenue of $387.30 million for the quarter, compared to the consensus estimate of $396.75 million. During the same quarter in the prior year, the company posted ($2.31) earnings per share. The firm’s revenue was down 6.6% compared to the same quarter last year. Scotts Miracle-Gro has set its FY 2025 guidance at 4.150-4.350 EPS. As a group, analysts anticipate that The Scotts Miracle-Gro Company will post 3.42 EPS for the current year.

Scotts Miracle-Gro Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, December 5th. Stockholders of record on Friday, November 21st were given a dividend of $0.66 per share. This represents a $2.64 annualized dividend and a dividend yield of 4.1%. The ex-dividend date was Friday, November 21st. Scotts Miracle-Gro’s dividend payout ratio is currently 109.09%.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. Stifel Nicolaus set a $70.00 target price on shares of Scotts Miracle-Gro and gave the company a “buy” rating in a research note on Thursday, November 6th. Wall Street Zen downgraded Scotts Miracle-Gro from a “buy” rating to a “hold” rating in a research report on Saturday, October 25th. Jefferies Financial Group increased their target price on Scotts Miracle-Gro from $71.00 to $74.00 and gave the stock a “buy” rating in a research report on Wednesday, November 5th. Weiss Ratings reissued a “hold (c-)” rating on shares of Scotts Miracle-Gro in a research note on Wednesday, October 8th. Finally, UBS Group upped their price target on Scotts Miracle-Gro from $61.00 to $66.00 and gave the stock a “neutral” rating in a research note on Wednesday. Five research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, Scotts Miracle-Gro currently has a consensus rating of “Moderate Buy” and a consensus target price of $70.33.

About Scotts Miracle-Gro

Scotts Miracle-Gro Company is a leading developer, manufacturer and distributor of consumer lawn and garden products. The firm serves both retail and professional customers through an array of branded offerings that include lawn fertilizers, grass seed, pest and disease control solutions, plant foods and specialty products for indoor and outdoor gardening. Its portfolio spans well-known names such as Scotts®, Miracle-Gro®, Ortho® and various hydroponic and specialty garden brands.

Headquartered in Marysville, Ohio, the company traces its roots to O.M.