Scotts Miracle-gro Co (SMG) Files Form 4 Insider Selling : James Hagedorn Sells 44,630 Shares

Scotts Miracle-gro Co (SMG): James Hagedorn , Chairman and CEO of Scotts Miracle-gro Co sold 44,630 shares on May 12, 2016. The Insider selling transaction was reported by the company on May 13, 2016 to the Securities and Exchange Commission. The shares were sold at $66.90 per share for a total value of $2,985,916.50 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Mar 17, 2016, James Hagedorn (Chairman and CEO) sold 124,500 shares at $73.06 per share price.On Mar 16, 2016, Stephen L Johnson (director) sold 1,900 shares at $73.66 per share price.Also, On Mar 15, 2016, Thomas Randal Coleman (EVP and CFO) sold 894 shares at $73.45 per share price.On Mar 14, 2016, Denise Stump (EVP, Global Human Resources) sold 8,812 shares at $73.27 per share price.

Scotts Miracle-Gro Co: On Tuesday, May 10, 2016 heightened volatility was witnessed in Scotts Miracle-Gro Co which led to swings in the share price. The shares opened for trading at $68.25 and hit $68.25 on the upside , eventually ending the session at $68.13, with a gain of 0.46% or 0.31 points. The heightened volatility saw the trading volume jump to 5,27,177 shares. The 52-week high of the share price is $75.13 and the company has a market cap of $4,184 M . The 52-week low of the share price is at $58.11.

Scotts Miracle-Gro Co Money Flow Index Chart

Company has been under the radar of several Street Analysts.Scotts Miracle-Gro Co is Downgraded by JP Morgan to Neutral and the brokerage firm has set the Price Target at $70. Earlier the firm had a rating of Overweight on the company shares. The Rating was issued on Mar 22, 2016.

The Scotts Miracle-Gro Company (Scotts Miracle-Gro) is a manufacturer and marketer of branded consumer lawn and gardens products. The Company’s segments include Global Consumer which manufactures and markets consumer lawn and gardens products including lawn care Gardening and Landscape and Home Protection and Scotts LawnService which provides residential and commercial lawn care tree and shrub care and limited pest control services in the United States through periodic applications of fertilizer and control products. The Company sells its consumer products primarily to home centers mass merchandisers warehouse clubs large hardware chains independent hardware stores nurseries garden centers and food and drug stores through both a direct sales force and its network of brokers and distributors. The primary distribution centers for the Company’s Global Consumer business internationally are located in the United Kingdom France Germany Austria and Australia.

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