James Hagedorn Buys Shares of The Scotts Miracle-Gro
The CEO of The Scotts Miracle-Gro Company made a significant stock purchase in late June.
Key Points
- CEO James Hagedorn bought 1,272 shares of The Scotts Miracle-Gro Company on June 26, 2026, at an average price of $71.01, totaling about $90,324.72.
- The Scotts Miracle-Gro Company trades on the NYSE under the ticker SMG, with a market cap of $4.07 billion and a P/E ratio of 20.1.
- Stifel maintained a 'buy' rating for SMG with a $75 target on June 8, 2026, while Vanguard Portfolio Management LLC opened a new position with 2,503,140 shares.
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On June 26, 2026, James Hagedorn, the CEO of The Scotts Miracle-Gro Company, purchased 1,272 shares of the company. The shares were acquired at an average price of $71.01, bringing the total transaction value to approximately $90,324.72. This recent insider purchase was not part of a pre-planned trading program.
Other Institutional Activity in The Scotts Miracle-Gro Company
Among other institutional investors, BlackRock, Inc. increased its holdings by 235,875 shares, finishing with 4,444,656 shares valued at about $270.28 million. FMR LLC also boosted its stake by 679,035 shares, resulting in 2,141,195 shares worth approximately $130.21 million, a 46.4% increase. Meanwhile, Earnest Partners LLC trimmed its position by 53,419 shares, now holding 3,399,648 shares valued at $206.73 million, a 1.5% decrease. Vanguard Portfolio Management LLC initiated a new position, acquiring 2,503,140 shares valued at $152.22 million.
The Scotts Miracle-Gro Company Stock Up 12.7%
Shares of NYSE:SMG traded near $67.69 on Tuesday. The Scotts Miracle-Gro Company boasts a market cap of $4.07 billion. It has a P/E ratio of 20.1 and a forward P/E of 14.9, indicating expectations of future earnings growth. The company's beta is 1.83, suggesting higher volatility compared to the overall market. Over the past year, the stock has ranged from a low of $52.00 to a high of $72.35, with a 50-day moving average of $61.58 and a 200-day moving average of $60.60.
$SMG stock price
Daily closing prices, year to date. Not investment advice.
Recent Earnings
The Scotts Miracle-Gro Company reported revenue of $3.47 billion, with a modest revenue growth of 5%. Its earnings per share (EPS) stood at $3.48, and it achieved a net margin of 3.2%. The company is expected to announce its next earnings results on July 29, 2026.
Dividend
The company offers an annual dividend rate of $2.64, yielding 3.78%. Its dividend payout ratio is 75.86%, indicating a substantial portion of earnings being returned to shareholders.
Insider Buying and Selling at The Scotts Miracle-Gro Company
In addition to James Hagedorn, Mark Scheiwer, the company's EVP, CFO & CAO, acquired 11 shares at $71.01 and 16 shares at $57.13 on June 26 and June 5, respectively. Scheiwer also purchased 48 shares on June 5, though the price wasn't disclosed. Other insiders like Peter Shumlin and Adam Hanft also made smaller purchases in early June.
Analysts Set New Price Targets
On June 8, 2026, Stifel maintained its 'buy' rating on The Scotts Miracle-Gro Company with a price target of $75. Wells Fargo also kept its 'buy' rating, setting a target of $72 back in April 2026. Meanwhile, JP Morgan downgraded the stock to a 'hold' with a target of $67 in March 2026. The consensus among analysts is a 'buy', with an average target price of $72.67 based on six opinions.
About The Scotts Miracle-Gro Company
The Scotts Miracle-Gro Company, based in Marysville, Ohio, manufactures and sells lawn and garden care products. Its offerings include fertilizers, seeds, and pest control products, as well as hydroponic and gardening solutions under various brands like Scotts, Miracle-Gro, and Ortho. With about 5,200 employees, the company serves a wide range of retail and commercial customers in the U.S. and internationally.
Bottom Line
Insider buying by CEO James Hagedorn could signal confidence in The Scotts Miracle-Gro Company's future prospects. The company's stock, trading on the NYSE under the ticker SMG, is closely watched by investors for its growth potential and dividend yield. This 13F filing and insider activity give a backward-looking view of holdings and transactions, which are crucial for understanding market sentiment.
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This instant news alert was generated by automated narrative technology and financial data from Podchat and public regulatory filings. It is for informational purposes only and is not financial advice.