Herman Miller Inc. (MLHR) SVP Sells $12,192.90 in Stock
Herman Miller Inc. (NASDAQ:MLHR) SVP Michael F. Ramirez sold 419 shares of the firm’s stock in a transaction dated Wednesday, November 9th. The stock was sold at an average price of $29.10, for a total value of $12,192.90. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.
Shares of Herman Miller Inc. (NASDAQ:MLHR) opened at 31.85 on Tuesday. The company has a market capitalization of $1.91 billion, a P/E ratio of 13.85 and a beta of 1.44. The firm has a 50-day moving average price of $28.41 and a 200-day moving average price of $31.30. Herman Miller Inc. has a one year low of $22.60 and a one year high of $36.46.
Herman Miller (NASDAQ:MLHR) last posted its quarterly earnings data on Wednesday, September 21st. The company reported $0.60 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.62 by $0.02. Herman Miller had a return on equity of 26.03% and a net margin of 6.07%. The firm earned $598.60 million during the quarter. During the same period in the prior year, the firm earned $0.56 EPS. The company’s quarterly revenue was up 5.9% on a year-over-year basis. Equities analysts forecast that Herman Miller Inc. will post $2.17 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Sunday, January 15th. Stockholders of record on Saturday, December 3rd will be issued a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.14%. The ex-dividend date of this dividend is Wednesday, November 30th. Herman Miller’s payout ratio is currently 29.57%.
Institutional investors have recently bought and sold shares of the company. State Treasurer State of Michigan boosted its position in Herman Miller by 0.4% in the second quarter. State Treasurer State of Michigan now owns 24,030 shares of the company’s stock worth $718,000 after buying an additional 100 shares during the last quarter. BlackRock Inc. boosted its position in Herman Miller by 0.3% in the third quarter. BlackRock Inc. now owns 40,548 shares of the company’s stock worth $1,159,000 after buying an additional 128 shares during the last quarter. Public Employees Retirement System of Ohio boosted its position in Herman Miller by 0.4% in the second quarter. Public Employees Retirement System of Ohio now owns 43,249 shares of the company’s stock worth $1,293,000 after buying an additional 156 shares during the last quarter. Forward Management LLC boosted its position in Herman Miller by 1.2% in the third quarter. Forward Management LLC now owns 13,985 shares of the company’s stock worth $400,000 after buying an additional 165 shares during the last quarter. Finally, First Citizens Bank & Trust Co. boosted its position in Herman Miller by 1.7% in the third quarter. First Citizens Bank & Trust Co. now owns 11,494 shares of the company’s stock worth $329,000 after buying an additional 193 shares during the last quarter. Hedge funds and other institutional investors own 82.19% of the company’s stock.
A number of equities research analysts have weighed in on the company. Seaport Global Securities assumed coverage on Herman Miller in a report on Friday, November 4th. They issued a “neutral” rating for the company. Zacks Investment Research downgraded Herman Miller from a “hold” rating to a “sell” rating in a report on Wednesday, September 28th.
Herman Miller Company Profile
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