Herman Miller, Inc. (MLHR) EVP Jeremy J. Hocking Sells 2,442 Shares

Herman Miller, Inc. (NASDAQ:MLHR) EVP Jeremy J. Hocking sold 2,442 shares of Herman Miller stock in a transaction that occurred on Wednesday, January 3rd. The shares were sold at an average price of $40.40, for a total value of $98,656.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Herman Miller, Inc. (NASDAQ MLHR) traded down $0.40 during trading on Thursday, hitting $40.35. The company had a trading volume of 394,000 shares, compared to its average volume of 413,950. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.89 and a current ratio of 1.33. Herman Miller, Inc. has a 12-month low of $28.55 and a 12-month high of $40.85. The stock has a market capitalization of $2,435.97, a P/E ratio of 19.98 and a beta of 1.48.

Herman Miller (NASDAQ:MLHR) last posted its quarterly earnings results on Wednesday, December 20th. The business services provider reported $0.57 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.57. Herman Miller had a return on equity of 21.85% and a net margin of 5.36%. The firm had revenue of $604.60 million for the quarter, compared to the consensus estimate of $603.77 million. During the same period in the previous year, the business earned $0.54 earnings per share. The company’s revenue for the quarter was up 4.7% compared to the same quarter last year. research analysts expect that Herman Miller, Inc. will post 2.35 EPS for the current fiscal year.

The firm also recently declared 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. 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 1.78%. Herman Miller’s dividend payout ratio (DPR) is presently 35.64%.

Several brokerages have weighed in on MLHR. Zacks Investment Research upgraded Herman Miller from a “hold” rating to a “buy” rating and set a $44.00 target price on the stock in a research note on Friday, December 29th. BidaskClub upgraded Herman Miller from a “hold” rating to a “buy” rating in a research note on Wednesday, December 27th. Raymond James Financial upgraded Herman Miller from a “market perform” rating to an “outperform” rating and set a $43.00 target price on the stock in a research note on Tuesday, December 26th. Finally, ValuEngine upgraded Herman Miller from a “hold” rating to a “buy” rating in a research note on Wednesday, September 27th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company. Herman Miller currently has an average rating of “Buy” and an average target price of $41.67.

Several institutional investors have recently bought and sold shares of the stock. Sei Investments Co. boosted its stake in shares of Herman Miller by 0.6% in the second quarter. Sei Investments Co. now owns 4,426 shares of the business services provider’s stock valued at $135,000 after buying an additional 26 shares in the last quarter. Amalgamated Bank boosted its stake in shares of Herman Miller by 4.1% in the second quarter. Amalgamated Bank now owns 8,566 shares of the business services provider’s stock valued at $260,000 after buying an additional 336 shares in the last quarter. Franklin Resources Inc. raised its holdings in Herman Miller by 4.0% during the second quarter. Franklin Resources Inc. now owns 12,474 shares of the business services provider’s stock worth $379,000 after purchasing an additional 474 shares during the last quarter. M&T Bank Corp raised its holdings in Herman Miller by 3.0% during the second quarter. M&T Bank Corp now owns 16,211 shares of the business services provider’s stock worth $493,000 after purchasing an additional 475 shares during the last quarter. Finally, Thrivent Financial For Lutherans raised its holdings in Herman Miller by 1.7% during the second quarter. Thrivent Financial For Lutherans now owns 42,260 shares of the business services provider’s stock worth $1,284,000 after purchasing an additional 720 shares during the last quarter. Hedge funds and other institutional investors own 82.39% of the company’s stock.

COPYRIGHT VIOLATION NOTICE: This story was first posted by Community Financial News and is the property of of Community Financial News. If you are accessing this story on another site, it was illegally stolen and reposted in violation of U.S. & international copyright & trademark law. The legal version of this story can be viewed at https://www.com-unik.info/2018/01/04/herman-miller-inc-mlhr-evp-jeremy-j-hocking-sells-2442-shares.html.

Herman Miller Company Profile

Insider Buying and Selling by Quarter for Herman Miller (NASDAQ:MLHR)

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

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit