First Citizens Bank & Trust Co. purchased a new position in Herman Miller, Inc. (NASDAQ:MLHR) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 7,678 shares of the business services provider’s stock, valued at approximately $308,000.
Several other large investors have also bought and sold shares of MLHR. Riverhead Capital Management LLC lifted its stake in shares of Herman Miller by 67.9% in the second quarter. Riverhead Capital Management LLC now owns 3,694 shares of the business services provider’s stock worth $112,000 after buying an additional 1,494 shares in the last quarter. Neuberger Berman Group LLC purchased a new position in shares of Herman Miller in the third quarter worth about $211,000. Associated Banc Corp purchased a new position in shares of Herman Miller in the third quarter worth about $252,000. Amalgamated Bank lifted its stake in shares of Herman Miller by 4.1% in the second quarter. Amalgamated Bank now owns 8,566 shares of the business services provider’s stock worth $260,000 after buying an additional 336 shares in the last quarter. Finally, Jane Street Group LLC purchased a new position in shares of Herman Miller in the third quarter worth about $275,000. 82.39% of the stock is currently owned by hedge funds and other institutional investors.
Herman Miller, Inc. (NASDAQ MLHR) opened at $40.55 on Friday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.89 and a current ratio of 1.33. Herman Miller, Inc. has a 52 week low of $28.55 and a 52 week high of $40.90. The company has a market cap of $2,420.00, a PE ratio of 19.98 and a beta of 1.48.
Herman Miller (NASDAQ:MLHR) last issued its earnings results on Wednesday, December 20th. The business services provider reported $0.57 EPS for the quarter, hitting analysts’ consensus estimates of $0.57. Herman Miller had a net margin of 5.36% and a return on equity of 21.85%. The company had revenue of $604.60 million for the quarter, compared to the consensus estimate of $603.77 million. During the same period in the previous year, the firm earned $0.54 earnings per share. Herman Miller’s quarterly revenue was up 4.7% compared to the same quarter last year. equities analysts predict that Herman Miller, Inc. will post 2.35 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Monday, January 15th. Shareholders of record on Saturday, December 2nd will be paid a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 1.78%. The ex-dividend date is Thursday, November 30th. Herman Miller’s dividend payout ratio (DPR) is presently 35.47%.
In other Herman Miller news, Director David O. Ulrich sold 13,382 shares of Herman Miller stock in a transaction dated Thursday, November 9th. The shares were sold at an average price of $32.38, for a total transaction of $433,309.16. Following the transaction, the director now directly owns 21,949 shares of the company’s stock, valued at $710,708.62. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Jeremy J. Hocking sold 2,442 shares of Herman Miller stock in a transaction dated Wednesday, January 3rd. The stock was sold at an average price of $40.40, for a total transaction of $98,656.80. The disclosure for this sale can be found here. Insiders have sold 62,002 shares of company stock worth $2,307,612 over the last ninety days. 1.91% of the stock is owned by insiders.
Several equities analysts have recently weighed in on MLHR shares. Zacks Investment Research raised shares of Herman Miller from a “hold” rating to a “buy” rating and set a $44.00 price target on the stock in a research note on Friday, December 29th. BidaskClub raised shares of Herman Miller from a “hold” rating to a “buy” rating in a research note on Wednesday, December 27th. ValuEngine raised shares of Herman Miller from a “hold” rating to a “buy” rating in a research note on Monday, December 11th. Finally, Raymond James Financial raised shares of Herman Miller from a “market perform” rating to an “outperform” rating and set a $43.00 price target on the stock in a research note on Tuesday, December 26th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $41.67.
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Herman Miller Company Profile
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