Herman Miller, Inc. (NASDAQ:MLHR) CEO Brian C. Walker sold 14,000 shares of the business’s stock in a transaction on Tuesday, October 17th. The stock was sold at an average price of $35.38, for a total transaction of $495,320.00. Following the completion of the sale, the chief executive officer now directly owns 160,979 shares in the company, valued at approximately $5,695,437.02. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Shares of Herman Miller, Inc. (NASDAQ:MLHR) traded down 0.70% during mid-day trading on Thursday, hitting $35.25. 24,082 shares of the stock were exchanged. The stock has a market capitalization of $2.11 billion, a P/E ratio of 17.62 and a beta of 1.46. The stock’s 50 day moving average price is $34.84 and its 200-day moving average price is $33.03. Herman Miller, Inc. has a 12-month low of $27.03 and a 12-month high of $37.00.

Herman Miller (NASDAQ:MLHR) last issued its quarterly earnings data on Thursday, September 21st. The business services provider reported $0.57 earnings per share for the quarter, meeting the consensus estimate of $0.57. Herman Miller had a return on equity of 22.02% and a net margin of 5.34%. The business had revenue of $580.30 million for the quarter, compared to analysts’ expectations of $578.27 million. During the same period last year, the business earned $0.60 EPS. The business’s revenue was down 3.1% on a year-over-year basis. On average, equities research analysts expect that Herman Miller, Inc. will post $2.27 EPS for the current fiscal year.

ILLEGAL ACTIVITY NOTICE: “Herman Miller, Inc. (MLHR) CEO Sells $495,320.00 in Stock” was published by American Banking News and is owned by of American Banking News. If you are reading this story on another domain, it was copied illegally and republished in violation of United States & international trademark & copyright legislation. The legal version of this story can be accessed at https://www.americanbankingnews.com/2017/10/19/herman-miller-inc-mlhr-ceo-sells-495320-00-in-stock.html.

A number of large investors have recently modified their holdings of the business. Sei Investments Co. lifted its stake in Herman Miller by 0.6% during the 2nd quarter. Sei Investments Co. now owns 4,426 shares of the business services provider’s stock valued at $135,000 after acquiring an additional 26 shares in the last quarter. Ronald Blue & Co. LLC lifted its stake in Herman Miller by 1.4% during the 2nd quarter. Ronald Blue & Co. LLC now owns 6,787 shares of the business services provider’s stock valued at $206,000 after acquiring an additional 91 shares in the last quarter. First Bank & Trust lifted its stake in Herman Miller by 4.1% during the 2nd quarter. First Bank & Trust now owns 3,999 shares of the business services provider’s stock valued at $121,000 after acquiring an additional 158 shares in the last quarter. Public Employees Retirement System of Ohio lifted its stake in Herman Miller by 4.9% during the 1st quarter. Public Employees Retirement System of Ohio now owns 3,895 shares of the business services provider’s stock valued at $123,000 after acquiring an additional 181 shares in the last quarter. Finally, Advantus Capital Management Inc lifted its stake in Herman Miller by 2.9% during the 1st quarter. Advantus Capital Management Inc now owns 7,670 shares of the business services provider’s stock valued at $242,000 after acquiring an additional 216 shares in the last quarter. Institutional investors and hedge funds own 83.96% of the company’s stock.

A number of brokerages have recently commented on MLHR. BidaskClub raised shares of Herman Miller from a “sell” rating to a “hold” rating in a research report on Saturday, August 19th. Zacks Investment Research lowered shares of Herman Miller from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 12th. Sidoti began coverage on shares of Herman Miller in a research report on Tuesday, June 27th. They issued a “buy” rating and a $38.00 price objective on the stock. Finally, ValuEngine raised shares of Herman Miller from a “hold” rating to a “buy” rating in a research report on Wednesday, September 27th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $38.00.

Herman Miller Company Profile

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

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