Herman Miller, Inc. (MLHR) Position Lifted by Macquarie Group Ltd.

Macquarie Group Ltd. increased its stake in Herman Miller, Inc. (NASDAQ:MLHR) by 5.8% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 60,400 shares of the business services provider’s stock after purchasing an additional 3,333 shares during the period. Macquarie Group Ltd. owned approximately 0.10% of Herman Miller worth $2,169,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of MLHR. Teachers Advisors LLC increased its position in shares of Herman Miller by 8.5% in the first quarter. Teachers Advisors LLC now owns 102,923 shares of the business services provider’s stock worth $3,247,000 after purchasing an additional 8,038 shares during the period. Public Employees Retirement System of Ohio increased its position in shares of Herman Miller by 4.9% in the first quarter. Public Employees Retirement System of Ohio now owns 3,895 shares of the business services provider’s stock worth $123,000 after purchasing an additional 181 shares during the period. LS Investment Advisors LLC increased its position in shares of Herman Miller by 17.5% in the second quarter. LS Investment Advisors LLC now owns 4,802 shares of the business services provider’s stock worth $146,000 after purchasing an additional 714 shares during the period. Louisiana State Employees Retirement System increased its position in shares of Herman Miller by 3.3% in the second quarter. Louisiana State Employees Retirement System now owns 15,600 shares of the business services provider’s stock worth $474,000 after purchasing an additional 500 shares during the period. Finally, State Treasurer State of Michigan increased its position in shares of Herman Miller by 1.2% in the second quarter. State Treasurer State of Michigan now owns 24,630 shares of the business services provider’s stock worth $749,000 after purchasing an additional 300 shares during the period. Institutional investors own 82.40% of the company’s stock.

A number of brokerages recently commented on MLHR. Zacks Investment Research upgraded Herman Miller from a “sell” rating to a “hold” rating in a research report on Tuesday. ValuEngine cut Herman Miller from a “buy” rating to a “hold” rating in a research report on Thursday, November 9th. Finally, BidaskClub upgraded Herman Miller from a “sell” rating to a “hold” rating in a research report on Saturday, August 19th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $38.00.

Shares of Herman Miller, Inc. (MLHR) opened at $33.85 on Wednesday. The firm has a market capitalization of $2,065.34, a PE ratio of 16.15 and a beta of 1.48. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.30 and a quick ratio of 0.86. Herman Miller, Inc. has a 12 month low of $28.55 and a 12 month high of $37.00.

Herman Miller (NASDAQ:MLHR) last released its quarterly earnings data on Thursday, September 21st. The business services provider reported $0.57 earnings per share for the quarter, meeting the consensus estimate of $0.57. The business had revenue of $580.30 million for the quarter, compared to analyst estimates of $578.27 million. Herman Miller had a return on equity of 22.02% and a net margin of 5.34%. Herman Miller’s revenue was down 3.1% compared to the same quarter last year. During the same period last year, the firm posted $0.60 earnings per share. equities analysts predict that Herman Miller, Inc. will post 2.32 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, January 15th. Investors of record on Saturday, December 2nd will be paid a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 2.13%. The ex-dividend date of this dividend is Thursday, November 30th. Herman Miller’s dividend payout ratio (DPR) is presently 36.00%.

In related news, CEO Brian C. Walker sold 14,000 shares of the firm’s stock in a transaction dated Monday, September 18th. The stock was sold at an average price of $34.80, for a total value of $487,200.00. Following the sale, the chief executive officer now directly owns 160,979 shares of the company’s stock, valued at $5,602,069.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Andrew J. Lock sold 24,277 shares of the firm’s stock in a transaction dated Wednesday, September 27th. The shares were sold at an average price of $34.17, for a total value of $829,545.09. Following the completion of the sale, the insider now directly owns 26,388 shares in the company, valued at $901,677.96. The disclosure for this sale can be found here. Insiders sold 85,789 shares of company stock worth $2,955,741 over the last ninety days. 1.91% of the stock is currently owned by insiders.

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Herman Miller Profile

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

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