Herman Miller Inc. (NASDAQ:MLHR)’s share price reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $34.12 and last traded at $33.77, with a volume of 146,166 shares. The stock had previously closed at $33.74.

MLHR has been the subject of a number of research reports. BB&T Corp. cut Herman Miller from a “buy” rating to a “hold” rating in a report on Friday, June 24th. They noted that the move was a valuation call. Zacks Investment Research cut Herman Miller from a “buy” rating to a “hold” rating in a report on Tuesday, May 24th.

The stock has a 50-day moving average price of $31.82 and a 200-day moving average price of $29.89. The stock has a market capitalization of $2.02 billion and a PE ratio of 14.92.

Herman Miller (NASDAQ:MLHR) last issued its quarterly earnings data on Wednesday, June 22nd. The company reported $0.56 earnings per share for the quarter, topping the consensus estimate of $0.52 by $0.04. The business earned $582.60 million during the quarter, compared to the consensus estimate of $568.55 million. During the same period in the prior year, the firm earned $0.47 EPS. The business’s revenue for the quarter was up 5.8% compared to the same quarter last year. On average, equities analysts forecast that Herman Miller Inc. will post $2.31 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Saturday, October 15th. Investors of record on Saturday, September 3rd will be paid a $0.17 dividend. The ex-dividend date of this dividend is Wednesday, August 31st. This is a boost from Herman Miller’s previous quarterly dividend of $0.15. This represents a $0.68 annualized dividend and a dividend yield of 2.02%.

In related news, SVP Jeffrey L. Kurburski sold 3,055 shares of the business’s stock in a transaction on Thursday, August 4th. The shares were sold at an average price of $32.50, for a total value of $99,287.50. Following the sale, the senior vice president now owns 13,471 shares of the company’s stock, valued at $437,807.50. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, SVP Michael F. Ramirez sold 2,676 shares of the business’s stock in a transaction on Friday, July 8th. The stock was sold at an average price of $31.00, for a total transaction of $82,956.00. Following the completion of the sale, the senior vice president now directly owns 13,580 shares in the company, valued at approximately $420,980. The disclosure for this sale can be found here.

Several hedge funds have modified their holdings of the company. Schroder Investment Management Group boosted its stake in shares of Herman Miller by 11.2% in the fourth quarter. Schroder Investment Management Group now owns 674,952 shares of the company’s stock valued at $19,371,000 after buying an additional 68,076 shares in the last quarter. Morgan Stanley boosted its stake in shares of Herman Miller by 32.7% in the fourth quarter. Morgan Stanley now owns 661,262 shares of the company’s stock valued at $18,978,000 after buying an additional 162,938 shares in the last quarter. Finally, California Public Employees Retirement System raised its position in Herman Miller by 12.7% in the fourth quarter. California Public Employees Retirement System now owns 151,600 shares of the company’s stock valued at $4,351,000 after buying an additional 17,100 shares during the last quarter.

Herman Miller, Inc, researches, designs, manufactures, and distributes interior furnishings, for use in various environments including office, healthcare, educational, and residential settings, and provides related services that support organizations and individuals all over the world. It operates in three segments: North American Furniture Solutions, which includes the operations associated with the design, manufacture, and sale of furniture products for work-related settings, including office, education, and healthcare environments, throughout the United States and Canada; ELA Furniture Solutions, which includes EMEA, Latin America, and Asia-Pacific.

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