Empirical Finance LLC maintained its position in shares of Herman Miller, Inc. (NASDAQ:MLHR) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 28,396 shares of the business services provider’s stock at the close of the 2nd quarter. Empirical Finance LLC’s holdings in Herman Miller were worth $864,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Meadow Creek Investment Management LLC raised its holdings in Herman Miller by 5.1% during the 1st quarter. Meadow Creek Investment Management LLC now owns 3,444 shares of the business services provider’s stock worth $109,000 after buying an additional 168 shares during the period. Riverhead Capital Management LLC raised its holdings in Herman Miller by 67.9% during the 2nd 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 during the period. Public Employees Retirement System of Ohio raised its holdings in Herman Miller by 4.9% during the 1st quarter. Public Employees Retirement System of Ohio now owns 3,895 shares of the business services provider’s stock worth $123,000 after buying an additional 181 shares during the period. First Bank & Trust raised its holdings in Herman Miller by 4.1% during the 2nd quarter. First Bank & Trust now owns 3,999 shares of the business services provider’s stock worth $121,000 after buying an additional 158 shares during the period. Finally, Glen Harbor Capital Management LLC raised its holdings in Herman Miller by 5.1% during the 1st quarter. Glen Harbor Capital Management LLC now owns 4,182 shares of the business services provider’s stock worth $132,000 after buying an additional 204 shares during the period. Hedge funds and other institutional investors own 84.15% of the company’s stock.

Shares of Herman Miller, Inc. (MLHR) traded down 0.14% during trading on Wednesday, hitting $34.45. The stock had a trading volume of 18,312 shares. The firm has a 50 day moving average of $33.34 and a 200 day moving average of $32.16. The company has a market capitalization of $2.06 billion, a price-to-earnings ratio of 16.80 and a beta of 1.44. Herman Miller, Inc. has a 1-year low of $26.99 and a 1-year high of $36.45.

Herman Miller (NASDAQ:MLHR) last released its quarterly earnings results on Wednesday, July 5th. The business services provider reported $0.64 EPS for the quarter, topping the Zacks’ consensus estimate of $0.55 by $0.09. The company had revenue of $577.20 million for the quarter, compared to analyst estimates of $583.53 million. Herman Miller had a return on equity of 22.94% and a net margin of 5.44%. Herman Miller’s revenue was down .9% compared to the same quarter last year. During the same quarter last year, the firm posted $0.56 earnings per share. Analysts expect that Herman Miller, Inc. will post $2.27 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Sunday, October 15th. Stockholders of record on Saturday, September 2nd will be given a dividend of $0.18 per share. The ex-dividend date of this dividend is Wednesday, August 30th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.09%. This is a positive change from Herman Miller’s previous quarterly dividend of $0.17. Herman Miller’s dividend payout ratio (DPR) is currently 35.12%.

MLHR has been the topic of a number of research reports. Zacks Investment Research upgraded Herman Miller from a “hold” rating to a “buy” rating and set a $38.00 target price on the stock in a report on Tuesday, July 11th. BidaskClub upgraded Herman Miller from a “sell” rating to a “hold” rating in a report on Saturday, August 19th. Finally, Sidoti initiated coverage on Herman Miller in a report on Tuesday, June 27th. They issued a “buy” rating and a $38.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $38.00.

COPYRIGHT VIOLATION NOTICE: This piece of content was first posted by The Cerbat Gem and is owned by of The Cerbat Gem. If you are accessing this piece of content on another publication, it was illegally copied and reposted in violation of United States & international copyright & trademark law. The correct version of this piece of content can be viewed at https://www.thecerbatgem.com/2017/09/13/herman-miller-inc-mlhr-holdings-held-by-empirical-finance-llc.html.

In other news, CEO Brian C. Walker sold 14,000 shares of the firm’s stock in a transaction dated Monday, August 21st. The stock was sold at an average price of $32.73, for a total transaction of $458,220.00. Following the sale, the chief executive officer now owns 160,979 shares of the company’s stock, valued at $5,268,842.67. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, SVP Hezron T. Lopez sold 2,312 shares of the firm’s stock in a transaction dated Friday, July 21st. The stock was sold at an average price of $33.96, for a total value of $78,515.52. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 123,535 shares of company stock worth $4,136,309. 1.91% of the stock is currently owned by insiders.

Herman Miller Company Profile

Want to see what other hedge funds are holding MLHR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Herman Miller, Inc. (NASDAQ:MLHR).

Institutional Ownership by Quarter for Herman Miller (NASDAQ:MLHR)

Receive News & Stock Ratings for Herman Miller Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Herman Miller Inc. and related stocks with our FREE daily email newsletter.