BlackRock Inc. lifted its holdings in Herman Miller, Inc. (NASDAQ:MLHR) by 3.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,323,198 shares of the business services provider’s stock after buying an additional 195,666 shares during the quarter. BlackRock Inc. owned 10.60% of Herman Miller worth $253,243,000 as of its most recent SEC filing.
Other institutional investors have also bought and sold shares of the company. First Trust Advisors LP boosted its stake in shares of Herman Miller by 8.8% in the third quarter. First Trust Advisors LP now owns 56,032 shares of the business services provider’s stock valued at $2,012,000 after buying an additional 4,528 shares in the last quarter. California Public Employees Retirement System boosted its position in Herman Miller by 8.4% during the third quarter. California Public Employees Retirement System now owns 138,056 shares of the business services provider’s stock worth $4,956,000 after purchasing an additional 10,756 shares in the last quarter. Foster & Motley Inc. purchased a new stake in Herman Miller during the fourth quarter worth $786,000. Los Angeles Capital Management & Equity Research Inc. boosted its position in Herman Miller by 78.8% during the third quarter. Los Angeles Capital Management & Equity Research Inc. now owns 34,707 shares of the business services provider’s stock worth $1,246,000 after purchasing an additional 15,300 shares in the last quarter. Finally, Speece Thorson Capital Group Inc. boosted its position in Herman Miller by 4.3% during the fourth quarter. Speece Thorson Capital Group Inc. now owns 466,034 shares of the business services provider’s stock worth $18,665,000 after purchasing an additional 19,218 shares in the last quarter. Hedge funds and other institutional investors own 82.72% of the company’s stock.
In other news, SVP Stephen C. Gane sold 30,988 shares of the business’s stock in a transaction 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Brian C. Walker sold 90,003 shares of the business’s stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $36.27, for a total value of $3,264,408.81. Following the completion of the transaction, the chief executive officer now directly owns 226,389 shares of the company’s stock, valued at $8,211,129.03. The disclosure for this sale can be found here. Over the last three months, insiders sold 142,202 shares of company stock valued at $5,364,155. Insiders own 1.91% of the company’s stock.
Shares of Herman Miller, Inc. (NASDAQ:MLHR) opened at $38.45 on Tuesday. The company has a current ratio of 1.33, a quick ratio of 0.89 and a debt-to-equity ratio of 0.32. The company has a market capitalization of $2,290.00, a price-to-earnings ratio of 18.94 and a beta of 1.40. Herman Miller, Inc. has a 12-month low of $28.55 and a 12-month high of $41.85.
Herman Miller (NASDAQ:MLHR) last posted its earnings results on Wednesday, December 20th. The business services provider reported $0.57 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.57. The company 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%. Herman Miller’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.54 earnings per share. equities analysts predict that Herman Miller, Inc. will post 2.35 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Sunday, April 15th. Stockholders of record on Saturday, March 3rd will be issued a $0.18 dividend. The ex-dividend date of this dividend is Thursday, March 1st. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.87%. Herman Miller’s dividend payout ratio (DPR) is 35.47%.
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About Herman Miller
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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