Green Square Capital LLC reduced its stake in Scotts Miracle-Gro Co (NYSE:SMG) by 54.3% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 3,254 shares of the basic materials company’s stock after selling 3,859 shares during the quarter. Green Square Capital LLC’s holdings in Scotts Miracle-Gro were worth $271,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in SMG. Global X Management Co LLC increased its position in shares of Scotts Miracle-Gro by 15.5% during the 2nd quarter. Global X Management Co LLC now owns 8,288 shares of the basic materials company’s stock valued at $689,000 after purchasing an additional 1,113 shares during the last quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC increased its position in shares of Scotts Miracle-Gro by 20.6% during the 2nd quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 7,076 shares of the basic materials company’s stock valued at $588,000 after purchasing an additional 1,207 shares during the last quarter. California Public Employees Retirement System increased its position in shares of Scotts Miracle-Gro by 17.4% during the 2nd quarter. California Public Employees Retirement System now owns 138,108 shares of the basic materials company’s stock valued at $11,485,000 after purchasing an additional 20,465 shares during the last quarter. Scopus Asset Management L.P. purchased a new stake in shares of Scotts Miracle-Gro during the 2nd quarter valued at $2,911,000. Finally, PEAK6 Investments L.P. increased its position in shares of Scotts Miracle-Gro by 913.2% during the 2nd quarter. PEAK6 Investments L.P. now owns 5,156 shares of the basic materials company’s stock valued at $429,000 after purchasing an additional 5,790 shares during the last quarter. 65.42% of the stock is owned by institutional investors and hedge funds.

Shares of Scotts Miracle-Gro stock opened at $80.61 on Friday. Scotts Miracle-Gro Co has a 1 year low of $72.67 and a 1 year high of $110.12. The firm has a market cap of $4.38 billion, a PE ratio of 20.46, a price-to-earnings-growth ratio of 5.58 and a beta of 0.24. The company has a quick ratio of 0.99, a current ratio of 1.60 and a debt-to-equity ratio of 3.72.

Scotts Miracle-Gro (NYSE:SMG) last announced its earnings results on Tuesday, July 31st. The basic materials company reported $2.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.55 by $0.12. The firm had revenue of $994.60 million during the quarter, compared to analyst estimates of $996.40 million. Scotts Miracle-Gro had a return on equity of 43.37% and a net margin of 6.80%. During the same period last year, the firm posted $2.57 EPS. equities analysts expect that Scotts Miracle-Gro Co will post 3.77 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Monday, September 10th. Stockholders of record on Monday, August 27th were paid a dividend of $0.55 per share. This is an increase from Scotts Miracle-Gro’s previous quarterly dividend of $0.53. The ex-dividend date was Friday, August 24th. This represents a $2.20 annualized dividend and a dividend yield of 2.73%. Scotts Miracle-Gro’s dividend payout ratio is presently 55.84%.

Several brokerages have recently issued reports on SMG. ValuEngine raised Scotts Miracle-Gro from a “sell” rating to a “hold” rating in a research report on Friday. Bank of America set a $74.00 target price on Scotts Miracle-Gro and gave the company a “sell” rating in a research report on Monday, August 13th. Raymond James lowered Scotts Miracle-Gro from a “market perform” rating to an “underperform” rating in a research report on Wednesday, June 20th. Zacks Investment Research raised Scotts Miracle-Gro from a “strong sell” rating to a “hold” rating in a research report on Tuesday. Finally, JPMorgan Chase & Co. lowered Scotts Miracle-Gro from a “neutral” rating to an “underweight” rating and decreased their target price for the company from $95.00 to $85.00 in a research report on Friday, June 1st. Three investment analysts have rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $85.50.

In other news, Director Nancy G. Mistretta sold 6,300 shares of the stock in a transaction on Friday, September 14th. The stock was sold at an average price of $76.93, for a total transaction of $484,659.00. Following the completion of the transaction, the director now owns 20,824 shares in the company, valued at approximately $1,601,990.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Katherine Littlefield Hagedorn sold 40,329 shares of the stock in a transaction on Tuesday, August 7th. The stock was sold at an average price of $77.76, for a total value of $3,135,983.04. Following the transaction, the director now owns 6,511 shares of the company’s stock, valued at approximately $506,295.36. The disclosure for this sale can be found here. Insiders have sold a total of 91,422 shares of company stock valued at $7,103,746 in the last quarter. 29.14% of the stock is owned by corporate insiders.

About Scotts Miracle-Gro

The Scotts Miracle-Gro Company manufactures, markets, and sells consumer lawn and garden products. The company operates through three segments: U.S. Consumer, Hawthorne, and Other. It offers lawn care products, including lawn fertilizers, grass seed products, spreaders, other durable products, and outdoor cleaners, as well as lawn-related weed, pest, and disease control products.

Featured Story: How Do I Invest in Dividend Stocks

Institutional Ownership by Quarter for Scotts Miracle-Gro (NYSE:SMG)

Receive News & Ratings for Scotts Miracle-Gro Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Scotts Miracle-Gro and related companies with MarketBeat.com's FREE daily email newsletter.