Dimensional Fund Advisors LP Buys 59,254 Shares of Herman Miller, Inc. (MLHR)
Dimensional Fund Advisors LP increased its position in shares of Herman Miller, Inc. (NASDAQ:MLHR) by 4.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,505,587 shares of the company’s stock after buying an additional 59,254 shares during the period. Dimensional Fund Advisors LP’s holdings in Herman Miller were worth $51,492,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. LS Investment Advisors LLC boosted its position in shares of Herman Miller by 7.3% in the third quarter. LS Investment Advisors LLC now owns 3,929 shares of the company’s stock worth $112,000 after buying an additional 266 shares during the period. First Bank & Trust acquired a new position in shares of Herman Miller during the fourth quarter worth $116,000. Wheatland Advisors Inc. acquired a new position in shares of Herman Miller during the fourth quarter worth $219,000. Cipher Capital LP acquired a new position in shares of Herman Miller during the fourth quarter worth $253,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in shares of Herman Miller by 0.3% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 8,880 shares of the company’s stock worth $304,000 after buying an additional 28 shares during the period. 82.71% of the stock is owned by institutional investors.
Herman Miller, Inc. (NASDAQ:MLHR) opened at 30.70 on Friday. Herman Miller, Inc. has a 52 week low of $26.99 and a 52 week high of $36.46. The stock’s 50 day moving average is $30.72 and its 200-day moving average is $31.48. The stock has a market capitalization of $1.84 billion, a PE ratio of 13.58 and a beta of 1.45.
Herman Miller (NASDAQ:MLHR) last posted its earnings results on Wednesday, December 21st. The company reported $0.54 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.54. The firm earned $577.50 million during the quarter. Herman Miller had a net margin of 5.95% and a return on equity of 24.45%. The company’s revenue for the quarter was down .5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.57 earnings per share. Equities research analysts forecast that Herman Miller, Inc. will post $1.95 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Saturday, April 15th. Shareholders of record on Saturday, March 4th will be paid a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 2.21%. The ex-dividend date is Wednesday, March 1st. Herman Miller’s payout ratio is 30.09%.
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A number of brokerages have recently weighed in on MLHR. Zacks Investment Research cut shares of Herman Miller from a “hold” rating to a “sell” rating in a research note on Thursday, January 5th. Cann cut shares of Herman Miller from a “market perform” rating to an “underperform” rating in a research note on Tuesday, January 3rd. Finally, Raymond James Financial, Inc. reissued an “underperform” rating on shares of Herman Miller in a research note on Tuesday, January 3rd. Two investment analysts have rated the stock with a sell rating and three have given a hold rating to the stock. Herman Miller presently has an average rating of “Hold” and a consensus target price of $34.00.
In other Herman Miller news, EVP Donald D. Goeman sold 8,000 shares of the business’s stock in a transaction dated Friday, January 6th. The shares were sold at an average price of $32.35, for a total transaction of $258,800.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Donald D. Goeman sold 4,111 shares of the business’s stock in a transaction dated Tuesday, February 7th. The shares were sold at an average price of $31.41, for a total transaction of $129,126.51. Following the transaction, the executive vice president now directly owns 7,029 shares of the company’s stock, valued at $220,780.89. The disclosure for this sale can be found here. Insiders have sold a total of 13,370 shares of company stock valued at $427,279 over the last three months. 1.91% of the stock is currently owned by company insiders.
About Herman Miller
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