Herman Miller, Inc. (MLHR) VP Kevin J. Veltman Sells 1,190 Shares of Stock

Herman Miller, Inc. (NASDAQ:MLHR) VP Kevin J. Veltman sold 1,190 shares of the firm’s stock in a transaction dated Wednesday, January 3rd. The shares were sold at an average price of $40.28, for a total transaction of $47,933.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Shares of Herman Miller, Inc. (NASDAQ MLHR) traded down $0.30 during mid-day trading on Friday, hitting $40.05. 278,200 shares of the stock traded hands, compared to its average volume of 368,700. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.89 and a current ratio of 1.33. Herman Miller, Inc. has a 12 month low of $28.55 and a 12 month high of $40.85. The stock has a market cap of $2,412.06, a price-to-earnings ratio of 19.83 and a beta of 1.48.

Herman Miller (NASDAQ:MLHR) last issued its quarterly earnings results on Wednesday, December 20th. The business services provider reported $0.57 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.57. Herman Miller had a net margin of 5.36% and a return on equity of 21.85%. The company had revenue of $604.60 million during the quarter, compared to analyst estimates of $603.77 million. During the same quarter last year, the business posted $0.54 EPS. Herman Miller’s quarterly revenue was up 4.7% compared to the same quarter last year. equities research analysts anticipate that Herman Miller, Inc. will post 2.35 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, January 15th. Investors of record on Saturday, December 2nd will be paid a $0.18 dividend. The ex-dividend date is Thursday, November 30th. This represents a $0.72 dividend on an annualized basis and a yield of 1.80%. Herman Miller’s dividend payout ratio is 35.64%.

A number of institutional investors have recently added to or reduced their stakes in the stock. Sei Investments Co. grew its stake in Herman Miller by 0.6% in the 2nd quarter. Sei Investments Co. now owns 4,426 shares of the business services provider’s stock valued at $135,000 after buying an additional 26 shares in the last quarter. Amalgamated Bank boosted its holdings in Herman Miller by 4.1% in the 2nd quarter. Amalgamated Bank now owns 8,566 shares of the business services provider’s stock valued at $260,000 after purchasing an additional 336 shares during the period. Franklin Resources Inc. boosted its holdings in Herman Miller by 4.0% in the 2nd quarter. Franklin Resources Inc. now owns 12,474 shares of the business services provider’s stock valued at $379,000 after purchasing an additional 474 shares during the period. M&T Bank Corp boosted its holdings in Herman Miller by 3.0% in the 2nd quarter. M&T Bank Corp now owns 16,211 shares of the business services provider’s stock valued at $493,000 after purchasing an additional 475 shares during the period. Finally, Thrivent Financial For Lutherans boosted its holdings in Herman Miller by 1.7% in the 2nd quarter. Thrivent Financial For Lutherans now owns 42,260 shares of the business services provider’s stock valued at $1,284,000 after purchasing an additional 720 shares during the period. Institutional investors and hedge funds own 82.39% of the company’s stock.

MLHR has been the topic of several recent analyst reports. Zacks Investment Research cut shares of Herman Miller from a “hold” rating to a “sell” rating in a research report on Wednesday, November 22nd. ValuEngine cut shares of Herman Miller from a “buy” rating to a “hold” rating in a research report on Thursday, November 9th. BidaskClub cut shares of Herman Miller from a “hold” rating to a “sell” rating in a research report on Thursday, December 7th. Finally, Raymond James Financial upgraded shares of Herman Miller from a “market perform” rating to an “outperform” rating and set a $43.00 price target for the company in a research note on Tuesday, December 26th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $41.67.

WARNING: “Herman Miller, Inc. (MLHR) VP Kevin J. Veltman Sells 1,190 Shares of Stock” was posted by Ticker Report and is the property of of Ticker Report. If you are reading this story on another publication, it was illegally copied and republished in violation of U.S. and international copyright and trademark laws. The original version of this story can be viewed at https://www.tickerreport.com/banking-finance/3127226/herman-miller-inc-mlhr-vp-kevin-j-veltman-sells-1190-shares-of-stock.html.

About Herman Miller

Insider Buying and Selling by Quarter for Herman Miller (NASDAQ:MLHR)

Receive News & Ratings for Herman Miller Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Herman Miller and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

How to Trade on Forex – 8 Steps for Beginners
How to Trade on Forex – 8 Steps for Beginners
Super Nintendo World Theme Park Officially Starts Construction
Super Nintendo World Theme Park Officially Starts Construction
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Camera Zooms In and Can Recognize Faces
Camera Zooms In and Can Recognize Faces
Netflix Could See 150 Million Worldwide Subscribers
Netflix Could See 150 Million Worldwide Subscribers
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back


Leave a Reply

© 2006-2018 Ticker Report. Google+.