Scotts Miracle-Gro (SMG) insiders sell $4.36 million in shares

Published 07/08/2025, 09:12
Scotts Miracle-Gro (SMG) insiders sell $4.36 million in shares

Insiders at Scotts Miracle-Gro CO (NYSE:SMG) , including Chairman, CEO and President James Hagedorn and Hagedorn Partnership, L.P., reported selling a total of $4.36 million worth of common shares on August 4, 2025.

The sales involved two transactions. In the first, 38,314 shares were sold at an average price of $62.14, with individual sales prices ranging from $61.28 to $62.27. The second transaction involved the sale of 31,686 shares at an average price of $62.45, with prices ranging from $62.28 to $62.61. These transactions occur as the stock shows significant volatility, with a beta of 1.94.

Following the transactions, the Hagedorn Partnership directly holds 13,274,274 common shares.

Additionaly, James Hagedorn directly holds 79,694.1493 shares and indirectly holds 29,413.378 shares through a 401(k) plan. Katherine Hagedorn Littlefield directly holds 6,940 shares, and Executive Vice President and Chief Operating Officer Nathan Eric Baxter (NYSE:BAX) directly holds 50,602.6841 shares.

In other recent news, Scotts Miracle-Gro Company reported third-quarter earnings for 2025 that exceeded expectations, with an earnings per share (EPS) of $2.59, surpassing the forecasted $2.25. However, the company’s revenue was slightly below expectations, coming in at $1.19 billion compared to the anticipated $1.23 billion. S&P Global Ratings revised its outlook on Scotts Miracle-Gro to positive from stable, citing improved profitability and ongoing deleveraging efforts. The company is on track to reduce its adjusted leverage below 4x by fiscal 2026, with adjusted EBITDA growing by about 11% for the nine-month period ending June 28, 2025. Stifel has lowered its price target for Scotts Miracle-Gro to $70.00 from $71.00 but maintained a Hold rating, noting a "more positive bias" due to better-than-expected gross margin performance. Additionally, the company announced a change in its Board of Directors, with retired U.S. Army General Scott Miller replacing retired U.S. Army Lt. General John R. Vines, who will continue as Board member emeritus.

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