Wells Fargo & Company MN increased its stake in Knoll Inc (NYSE:KNL) by 5.3% in the 1st quarter, Holdings Channel reports. The firm owned 830,227 shares of the business services provider’s stock after acquiring an additional 41,717 shares during the period. Wells Fargo & Company MN’s holdings in Knoll were worth $16,762,000 at the end of the most recent quarter.
Other hedge funds also recently bought and sold shares of the company. Xact Kapitalforvaltning AB bought a new position in Knoll in the 4th quarter worth approximately $202,000. Investors Research Corp bought a new position in Knoll in the 4th quarter worth approximately $234,000. Gotham Asset Management LLC bought a new position in Knoll in the 4th quarter worth approximately $262,000. Teacher Retirement System of Texas bought a new position in Knoll in the 4th quarter worth approximately $393,000. Finally, Ellington Management Group LLC bought a new position in Knoll in the 4th quarter worth approximately $537,000. Hedge funds and other institutional investors own 91.09% of the company’s stock.
Several research analysts recently weighed in on the stock. Zacks Investment Research cut shares of Knoll from a “buy” rating to a “hold” rating in a research report on Wednesday, February 28th. ValuEngine cut shares of Knoll from a “hold” rating to a “sell” rating in a research report on Wednesday, May 2nd. Two analysts have rated the stock with a sell rating, two have issued a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $26.00.
Shares of Knoll opened at $21.00 on Tuesday, MarketBeat.com reports. The firm has a market cap of $1.03 billion, a price-to-earnings ratio of 15.02 and a beta of 1.06. Knoll Inc has a 52 week low of $16.57 and a 52 week high of $24.00. The company has a debt-to-equity ratio of 1.38, a current ratio of 1.38 and a quick ratio of 0.67.
Knoll (NYSE:KNL) last issued its earnings results on Wednesday, April 25th. The business services provider reported $0.35 EPS for the quarter, beating the consensus estimate of $0.33 by $0.02. The company had revenue of $296.60 million during the quarter, compared to analysts’ expectations of $296.80 million. Knoll had a net margin of 6.83% and a return on equity of 19.75%. The business’s revenue for the quarter was up 15.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.31 EPS. sell-side analysts forecast that Knoll Inc will post 1.75 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, June 29th. Shareholders of record on Friday, June 15th will be given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 2.86%. The ex-dividend date is Thursday, June 14th. Knoll’s payout ratio is 43.48%.
Knoll, Inc, together with its subsidiaries, designs, manufactures, markets, and sells commercial and residential furniture, accessories, textiles, fine leathers, and felt for the workplace and residential markets in the United States, Canada, and Europe. The company operates through three segments: Office, Studio, and Coverings.
Want to see what other hedge funds are holding KNL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Knoll Inc (NYSE:KNL).
Receive News & Ratings for Knoll Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Knoll and related companies with MarketBeat.com's FREE daily email newsletter.