{
  "id": 1220947,
  "title": "Scotts Miracle-Gro director Kingdon sells $51,226 in common shares",
  "url": "https://urgent.news/2026/08/16/scotts-miracle-gro-director-kingdon-sells-51-226-in-common-shares",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-16T07:01:11.000Z",
  "source": {
    "name": "Investing.com",
    "slug": "investing-com",
    "url": "https://www.investing.com/news/insider-trading-news/scotts-miraclegro-director-kingdon-sells-51226-in-common-shares-93CH-4861928"
  },
  "original_language": "en",
  "account": "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.",
  "summary": null,
  "key_points": [
    "Scotts Miracle-Gro director Kingdon sold 831 shares on August 10, 2026",
    "Sale value was $51,226 at $61.645 per share",
    "Investment firms raised price targets following strong Q3 2026 earnings"
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}