Scotts Miracle-Gro director Kingdon sells $51,226 in common shares

Mark D. Kingdon, a Scotts Miracle-Gro director, transferred ownership of 831 common shares on August 10, 2026. The sale amounted to $51,226, with each share priced at $61.645. The stock's trading price at the time was $60.94, considered Fair Value by InvestingPro analysis. After the sale, Kingdon personally owned 10,827 shares of the company.

Scotts Miracle-Gro offers a dividend yield of 4.33%, having paid dividends for 22 consecutive years. The company recently reported its Q3 2026 earnings, which exceeded Wall Street's predictions. Adjusted earnings per share were $2.82, surpassing the expected $2.48, while revenue matched forecasts at $1.17 billion. The strong performance, driven by a 1% sales increase, improved operating margins, and beneficial below-the-line factors, prompted Scotts Miracle-Gro to increase its full-year adjusted EPS outlook.

Following the positive results, investment firm Stifel raised its price target for Scotts Miracle-Gro to $76 from $75, maintaining a Buy rating. UBS also updated its price target to $78 from $70, but retains a Neutral rating. Both firms acknowledge Scotts Miracle-Gro's stronger-than-expected earnings. This news highlights the company's positive momentum as it progresses through fiscal 2026.