Swiss National Bank raised its stake in shares of Knoll Inc. (NYSE:KNL) by 2.5% during the second quarter, Holdings Channel reports. The institutional investor owned 82,600 shares of the company’s stock after buying an additional 2,000 shares during the period. Swiss National Bank owned about 0.17% of Knoll worth $2,006,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the stock. BlackRock Group LTD increased its stake in shares of Knoll by 27.3% in the first quarter. BlackRock Group LTD now owns 108,133 shares of the company’s stock valued at $2,341,000 after buying an additional 23,216 shares in the last quarter. Adage Capital Partners GP L.L.C. increased its stake in shares of Knoll by 87.3% in the first quarter. Adage Capital Partners GP L.L.C. now owns 1,823,754 shares of the company’s stock valued at $39,484,000 after buying an additional 850,000 shares in the last quarter. Silvercrest Asset Management Group LLC increased its stake in shares of Knoll by 1.0% in the first quarter. Silvercrest Asset Management Group LLC now owns 3,036,717 shares of the company’s stock valued at $65,745,000 after buying an additional 28,934 shares in the last quarter. BlackRock Institutional Trust Company N.A. increased its stake in shares of Knoll by 11.6% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 2,050,790 shares of the company’s stock valued at $44,400,000 after buying an additional 212,652 shares in the last quarter. Finally, Neumeier Poma Investment Counsel LLC increased its stake in shares of Knoll by 14.1% in the first quarter. Neumeier Poma Investment Counsel LLC now owns 929,555 shares of the company’s stock valued at $20,125,000 after buying an additional 115,175 shares in the last quarter. 92.38% of the stock is owned by institutional investors and hedge funds.

Shares of Knoll Inc. (NYSE:KNL) traded down 8.08% during midday trading on Tuesday, reaching $22.29. The company’s stock had a trading volume of 742,907 shares. The firm has a 50-day moving average of $25.49 and a 200-day moving average of $23.74. Knoll Inc. has a one year low of $16.42 and a one year high of $26.76. The stock has a market cap of $1.07 billion, a PE ratio of 15.59 and a beta of 1.11.

Knoll (NYSE:KNL) last issued its earnings results on Wednesday, July 27th. The company reported $0.44 earnings per share for the quarter, topping analysts’ consensus estimates of $0.42 by $0.02. Knoll had a return on equity of 29.87% and a net margin of 6.08%. The company had revenue of $294.70 million for the quarter, compared to analyst estimates of $286.95 million. During the same period in the prior year, the firm earned $0.36 earnings per share. Knoll’s revenue for the quarter was up 9.7% on a year-over-year basis. On average, analysts forecast that Knoll Inc. will post $1.73 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 30th. Stockholders of record on Thursday, September 15th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.69%. The ex-dividend date of this dividend is Tuesday, September 13th. Knoll’s payout ratio is 41.38%.

Separately, Zacks Investment Research raised Knoll from a “hold” rating to a “buy” rating and set a $27.00 price target for the company in a report on Thursday, September 15th.

In other news, insider Andrew B. Cogan sold 55,054 shares of the company’s stock in a transaction that occurred on Tuesday, August 2nd. The stock was sold at an average price of $25.31, for a total transaction of $1,393,416.74. Following the transaction, the insider now directly owns 530,212 shares of the company’s stock, valued at $13,419,665.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Sarah E. Nash sold 25,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 2nd. The stock was sold at an average price of $25.26, for a total value of $631,500.00. Following the transaction, the director now directly owns 57,805 shares in the company, valued at $1,460,154.30. The disclosure for this sale can be found here. Insiders own 2.20% of the company’s stock.

Knoll Company Profile

Knoll, Inc is a designer and manufacturer of furnishings, textiles and leather for the workplace and home. The Company operates through three segments: Office, Studio and Coverings. The Office segment includes systems, seating, storage, tables, desks and KnollExtra ergonomic accessories, as well as the international sales of its North American Office products.

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