First Mercantile Trust Co. decreased its position in shares of Knoll Inc. (NYSE:KNL) by 5.7% during the second quarter, Holdings Channel reports. The fund owned 4,150 shares of the company’s stock after selling 250 shares during the period. First Mercantile Trust Co.’s holdings in Knoll were worth $101,000 as of its most recent filing with the SEC.
Several other large investors also recently bought and sold shares of KNL. Aperio Group LLC boosted its position in shares of Knoll by 74.4% in the first quarter. Aperio Group LLC now owns 36,549 shares of the company’s stock worth $791,000 after buying an additional 15,597 shares during the period. Los Angeles Capital Management & Equity Research Inc. boosted its position in shares of Knoll by 2.1% in the first quarter. Los Angeles Capital Management & Equity Research Inc. now owns 30,515 shares of the company’s stock worth $661,000 after buying an additional 635 shares during the period. Prudential Financial Inc. boosted its position in shares of Knoll by 418.0% in the first quarter. Prudential Financial Inc. now owns 212,997 shares of the company’s stock worth $4,612,000 after buying an additional 171,876 shares during the period. Algert Global LLC acquired a new position in shares of Knoll during the first quarter worth $498,000. Finally, BlackRock Group LTD boosted its position in shares of Knoll by 27.3% in the first quarter. BlackRock Group LTD now owns 108,133 shares of the company’s stock worth $2,341,000 after buying an additional 23,216 shares during the period. Institutional investors own 92.38% of the company’s stock.
Shares of Knoll Inc. (NYSE:KNL) opened at 21.55 on Friday. The stock has a market capitalization of $1.04 billion, a PE ratio of 15.07 and a beta of 1.07. The firm has a 50-day moving average of $24.34 and a 200 day moving average of $23.94. Knoll Inc. has a 1-year low of $16.42 and a 1-year high of $26.76.
Knoll (NYSE:KNL) last posted its earnings results on Wednesday, July 27th. The company reported $0.44 EPS for the quarter, topping the consensus estimate of $0.42 by $0.02. Knoll had a net margin of 6.08% and a return on equity of 29.87%. The firm earned $294.70 million during the quarter, compared to analysts’ expectations of $286.95 million. During the same quarter in the prior year, the firm earned $0.36 EPS. Knoll’s quarterly revenue was up 9.7% on a year-over-year basis. On average, equities analysts anticipate that Knoll Inc. will post $1.67 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, September 30th. Shareholders of record on Thursday, September 15th were given a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 2.78%. The ex-dividend date of this dividend was Tuesday, September 13th. Knoll’s dividend payout ratio (DPR) is 41.38%.
A number of brokerages have recently weighed in on KNL. Zacks Investment Research cut shares of Knoll from a “buy” rating to a “hold” rating in a research note on Wednesday, September 28th. Raymond James Financial Inc. cut shares of Knoll from an “outperform” rating to a “market perform” rating in a research note on Friday, September 30th.
In other news, Director Stephen F. Fisher sold 5,020 shares of the company’s stock in a transaction that occurred on Tuesday, August 23rd. The shares were sold at an average price of $25.86, for a total value of $129,817.20. Following the completion of the sale, the director now directly owns 42,594 shares of the company’s stock, valued at approximately $1,101,480.84. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Sarah E. Nash sold 25,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 2nd. The stock was sold at an average price of $25.26, for a total transaction of $631,500.00. Following the completion of the sale, the director now directly owns 57,805 shares of the company’s stock, valued at $1,460,154.30. The disclosure for this sale can be found here. 2.20% of the stock is currently owned by company insiders.
Knoll, Inc is a designer and manufacturer of furnishings, textiles and leather for the workplace and home. The Company operates through three segments: Office, Studio and Coverings. The Office segment includes systems, seating, storage, tables, desks and KnollExtra ergonomic accessories, as well as the international sales of its North American Office products.
Want to see what other hedge funds are holding KNL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Knoll Inc. (NYSE:KNL).
Receive News & Ratings for Knoll Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Knoll Inc. and related companies with MarketBeat.com's FREE daily email newsletter.