Capital Fund Management S.A. bought a new stake in Herman Miller, Inc. (NASDAQ:MLHR) during the fourth quarter, Holdings Channel reports. The firm bought 6,900 shares of the business services provider’s stock, valued at approximately $276,000.
Several other large investors also recently added to or reduced their stakes in the stock. The Manufacturers Life Insurance Company increased its position in shares of Herman Miller by 0.8% in the second quarter. The Manufacturers Life Insurance Company now owns 131,872 shares of the business services provider’s stock valued at $4,009,000 after acquiring an additional 1,008 shares during the last quarter. Victory Capital Management Inc. increased its position in shares of Herman Miller by 6.5% in the fourth quarter. Victory Capital Management Inc. now owns 23,985 shares of the business services provider’s stock valued at $961,000 after acquiring an additional 1,455 shares during the last quarter. ING Groep NV increased its position in shares of Herman Miller by 23.2% in the fourth quarter. ING Groep NV now owns 9,020 shares of the business services provider’s stock valued at $361,000 after acquiring an additional 1,696 shares during the last quarter. State Board of Administration of Florida Retirement System increased its position in shares of Herman Miller by 3.8% in the third quarter. State Board of Administration of Florida Retirement System now owns 56,379 shares of the business services provider’s stock valued at $2,024,000 after acquiring an additional 2,082 shares during the last quarter. Finally, LS Investment Advisors LLC increased its position in shares of Herman Miller by 44.7% in the fourth quarter. LS Investment Advisors LLC now owns 6,891 shares of the business services provider’s stock valued at $276,000 after acquiring an additional 2,130 shares during the last quarter. 81.53% of the stock is currently owned by institutional investors and hedge funds.
In other news, VP Kevin J. Veltman sold 1,190 shares of the business’s stock in a transaction that occurred on Wednesday, January 3rd. The stock was sold at an average price of $40.28, for a total transaction of $47,933.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Stephen C. Gane sold 30,988 shares of the business’s stock in a transaction that occurred on Friday, January 5th. The stock was sold at an average price of $39.77, for a total value of $1,232,392.76. The disclosure for this sale can be found here. In the last three months, insiders have sold 142,202 shares of company stock worth $5,364,155. Company insiders own 1.91% of the company’s stock.
Herman Miller, Inc. (NASDAQ MLHR) opened at $37.75 on Monday. The firm has a market capitalization of $2,252.54, a P/E ratio of 18.69 and a beta of 1.34. The company has a current ratio of 1.33, a quick ratio of 0.89 and a debt-to-equity ratio of 0.32. Herman Miller, Inc. has a 12-month low of $28.55 and a 12-month high of $41.85.
Herman Miller (NASDAQ:MLHR) last announced its quarterly earnings results on Wednesday, December 20th. The business services provider reported $0.57 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.57. The firm had revenue of $604.60 million for the quarter, compared to the consensus estimate of $603.77 million. Herman Miller had a return on equity of 21.85% and a net margin of 5.36%. The business’s revenue was up 4.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.54 earnings per share. equities analysts forecast that Herman Miller, Inc. will post 2.35 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Sunday, April 15th. Shareholders of record on Saturday, March 3rd will be given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 1.91%. The ex-dividend date of this dividend is Thursday, March 1st. Herman Miller’s dividend payout ratio (DPR) is presently 35.64%.
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Herman Miller Profile
Herman Miller, Inc is engaged in the research, design, manufacture, sale and distribution of office furniture systems, seating products, home furnishings and related services, among others. The Company’s segments include North American Furniture Solutions, which includes the design, manufacture and sale of furniture products for work-related settings, including office, education and healthcare environments, across the United States and Canada; EMEA, Latin America, and Asia Pacific (ELA) Furniture Solutions, which includes the operations associated with the design, manufacture, and sale of furniture products, primarily for work-related settings, in the Europe, Middle East and Africa (EMEA), Latin America and Asia-Pacific geographic regions, among others; Specialty segment, which includes the design, manufacture and sale of furniture products and textiles, and Consumer segment, which includes the sale of modern design furnishings and accessories to third-party retail distributors.
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