Wells Fargo & Company MN grew its holdings in Knoll Inc (NYSE:KNL) by 51.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 788,510 shares of the business services provider’s stock after acquiring an additional 267,424 shares during the period. Wells Fargo & Company MN owned about 1.60% of Knoll worth $18,168,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors have also made changes to their positions in the company. First Trust Advisors LP lifted its position in shares of Knoll by 11.0% in the fourth quarter. First Trust Advisors LP now owns 97,190 shares of the business services provider’s stock valued at $2,239,000 after acquiring an additional 9,636 shares in the last quarter. California Public Employees Retirement System lifted its position in shares of Knoll by 32.1% in the fourth quarter. California Public Employees Retirement System now owns 71,032 shares of the business services provider’s stock valued at $1,637,000 after acquiring an additional 17,250 shares in the last quarter. Teacher Retirement System of Texas purchased a new position in shares of Knoll in the fourth quarter valued at about $393,000. Essex Investment Management Co. LLC purchased a new position in shares of Knoll in the fourth quarter valued at about $1,843,000. Finally, Stoneridge Investment Partners LLC lifted its position in shares of Knoll by 49.9% in the fourth quarter. Stoneridge Investment Partners LLC now owns 22,545 shares of the business services provider’s stock valued at $519,000 after acquiring an additional 7,500 shares in the last quarter. Institutional investors and hedge funds own 92.35% of the company’s stock.
Shares of Knoll Inc (NYSE KNL) opened at $22.39 on Monday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.60 and a current ratio of 1.25. Knoll Inc has a 52 week low of $16.57 and a 52 week high of $24.47. The firm has a market capitalization of $1,108.32, a P/E ratio of 13.74 and a beta of 1.02.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 30th. Shareholders of record on Thursday, March 15th will be paid a dividend of $0.15 per share. The ex-dividend date of this dividend is Wednesday, March 14th. This represents a $0.60 annualized dividend and a yield of 2.68%. Knoll’s payout ratio is currently 36.81%.
In other Knoll news, EVP David L. Schutte sold 2,358 shares of the business’s stock in a transaction that occurred on Monday, March 5th. The stock was sold at an average price of $21.57, for a total transaction of $50,862.06. Following the sale, the executive vice president now directly owns 58,735 shares of the company’s stock, valued at $1,266,913.95. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.90% of the company’s stock.
KNL has been the topic of a number of research analyst reports. TheStreet upgraded Knoll from a “c+” rating to a “b-” rating in a research report on Friday, November 17th. Zacks Investment Research upgraded Knoll from a “hold” rating to a “buy” rating and set a $26.00 target price on the stock in a research report on Friday, January 5th. ValuEngine downgraded Knoll from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Finally, Raymond James Financial upgraded Knoll from an “outperform” rating to a “strong-buy” rating and boosted their target price for the stock from $23.00 to $26.00 in a research report on Tuesday, December 26th. Two analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $26.00.
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Knoll Company Profile
Knoll, Inc is a manufacturer of commercial and residential furniture, accessories and coverings. The Company operates through three segments: Office, Studio and Coverings. The Office segment includes a range of workplace products that address workplace planning paradigms. These products include systems furniture, seating, storage, tables, desks and KnollExtra accessories, as well as the international sales of its North American Office products.
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