Herman Miller, Inc. (NASDAQ:MLHR) Director David O. Ulrich sold 13,382 shares of the stock in a transaction that occurred on Thursday, November 9th. The shares were sold at an average price of $32.38, for a total transaction of $433,309.16. Following the sale, the director now directly owns 21,949 shares of the company’s stock, valued at approximately $710,708.62. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Herman Miller, Inc. (MLHR) traded up $0.35 during midday trading on Monday, hitting $32.90. 251,500 shares of the company’s stock were exchanged, compared to its average volume of 393,636. The stock has a market capitalization of $1,966.71, a PE ratio of 15.37 and a beta of 1.46. Herman Miller, Inc. has a fifty-two week low of $28.55 and a fifty-two week high of $37.00. The company has a current ratio of 1.30, a quick ratio of 0.86 and a debt-to-equity ratio of 0.33.
Herman Miller (NASDAQ:MLHR) last posted its quarterly earnings results on Thursday, September 21st. The business services provider reported $0.57 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.57. The business had revenue of $580.30 million during the quarter, compared to analysts’ expectations of $578.27 million. Herman Miller had a net margin of 5.34% and a return on equity of 22.02%. The business’s quarterly revenue was down 3.1% on a year-over-year basis. During the same quarter last year, the company posted $0.60 earnings per share. sell-side analysts forecast that Herman Miller, Inc. will post 2.32 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Monday, January 15th. Shareholders of record on Saturday, December 2nd will be issued a $0.18 dividend. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.19%. Herman Miller’s dividend payout ratio is currently 36.00%.
COPYRIGHT VIOLATION NOTICE: “Insider Selling: Herman Miller, Inc. (MLHR) Director Sells 13,382 Shares of Stock” was originally reported by Chaffey Breeze and is the property of of Chaffey Breeze. If you are accessing this piece on another website, it was illegally copied and republished in violation of international copyright & trademark laws. The original version of this piece can be accessed at https://www.chaffeybreeze.com/2017/11/13/insider-selling-herman-miller-inc-mlhr-director-sells-13382-shares-of-stock.html.
A number of research firms have issued reports on MLHR. Zacks Investment Research cut shares of Herman Miller from a “buy” rating to a “hold” rating in a report on Wednesday, October 4th. ValuEngine raised shares of Herman Miller from a “hold” rating to a “buy” rating in a report on Wednesday, September 27th. Finally, BidaskClub raised shares of Herman Miller from a “sell” rating to a “hold” rating in a report on Saturday, August 19th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $38.00.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Strs Ohio increased its stake in shares of Herman Miller by 6.2% in the second quarter. Strs Ohio now owns 13,700 shares of the business services provider’s stock worth $416,000 after acquiring an additional 800 shares during the period. Prudential Financial Inc. increased its stake in shares of Herman Miller by 20.8% in the second quarter. Prudential Financial Inc. now owns 1,180,780 shares of the business services provider’s stock worth $35,895,000 after acquiring an additional 202,970 shares during the period. Mitsubishi UFJ Trust & Banking Corp acquired a new stake in shares of Herman Miller in the second quarter worth $1,231,000. Schwab Charles Investment Management Inc. increased its stake in shares of Herman Miller by 10.7% in the first quarter. Schwab Charles Investment Management Inc. now owns 346,148 shares of the business services provider’s stock worth $10,921,000 after acquiring an additional 33,386 shares during the period. Finally, Trillium Asset Management LLC acquired a new stake in shares of Herman Miller in the second quarter worth $2,584,000. 82.17% of the stock is owned by institutional investors and hedge funds.
About Herman Miller
Receive News & 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 companies with MarketBeat.com's FREE daily email newsletter.