Northern Trust Corp Grows Stake in Knoll, Inc. (NYSE:KNL)

Northern Trust Corp lifted its stake in shares of Knoll, Inc. (NYSE:KNL) by 2.7% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 641,342 shares of the business services provider’s stock after buying an additional 16,858 shares during the quarter. Northern Trust Corp owned approximately 1.31% of Knoll worth $12,859,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in the company. Ameriprise Financial Inc. lifted its stake in Knoll by 6.2% during the first quarter. Ameriprise Financial Inc. now owns 164,176 shares of the business services provider’s stock worth $3,910,000 after purchasing an additional 9,547 shares during the last quarter. American International Group Inc. raised its stake in shares of Knoll by 7.0% during the first quarter. American International Group Inc. now owns 29,590 shares of the business services provider’s stock worth $705,000 after purchasing an additional 1,948 shares during the last quarter. Principal Financial Group Inc. raised its stake in shares of Knoll by 0.6% during the first quarter. Principal Financial Group Inc. now owns 28,153 shares of the business services provider’s stock worth $670,000 after purchasing an additional 166 shares during the last quarter. Teachers Advisors LLC raised its stake in shares of Knoll by 10.2% during the first quarter. Teachers Advisors LLC now owns 83,972 shares of the business services provider’s stock worth $1,999,000 after purchasing an additional 7,787 shares during the last quarter. Finally, California Public Employees Retirement System raised its stake in shares of Knoll by 17.2% during the first quarter. California Public Employees Retirement System now owns 50,300 shares of the business services provider’s stock worth $1,198,000 after purchasing an additional 7,400 shares during the last quarter. 89.49% of the stock is owned by institutional investors and hedge funds.

Shares of Knoll, Inc. (NYSE KNL) opened at $20.01 on Friday. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.35 and a quick ratio of 0.62. Knoll, Inc. has a 12-month low of $16.57 and a 12-month high of $28.40. The stock has a market capitalization of $987.49, a price-to-earnings ratio of 13.99 and a beta of 1.07.

Knoll (NYSE:KNL) last issued its quarterly earnings data on Monday, October 23rd. The business services provider reported $0.39 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.35 by $0.04. Knoll had a return on equity of 22.41% and a net margin of 6.21%. The business had revenue of $291.26 million for the quarter, compared to the consensus estimate of $277.40 million. During the same period in the prior year, the business earned $0.44 earnings per share. The business’s revenue was down .3% on a year-over-year basis. sell-side analysts anticipate that Knoll, Inc. will post 1.42 EPS for the current fiscal year.

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A number of research analysts recently weighed in on KNL shares. Raymond James Financial, Inc. raised Knoll from a “market perform” rating to an “outperform” rating and set a $20.00 price objective on the stock in a report on Monday, August 28th. UBS AG raised Knoll from a “market perform” rating to an “outperform” rating in a report on Monday, August 28th. Sidoti started coverage on Knoll in a report on Wednesday, August 16th. They set a “buy” rating and a $28.00 price objective on the stock. Zacks Investment Research lowered Knoll from a “hold” rating to a “sell” rating in a report on Thursday, October 26th. Finally, TheStreet lowered Knoll from a “b-” rating to a “c+” rating in a report on Thursday, September 7th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $24.00.

Knoll 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.

Institutional Ownership by Quarter for Knoll (NYSE:KNL)

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