Swiss National Bank Has $1,628,000 Position in Knoll, Inc. (KNL)
Swiss National Bank held its position in Knoll, Inc. (NYSE:KNL) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 81,200 shares of the business services provider’s stock at the end of the 2nd quarter. Swiss National Bank owned 0.17% of Knoll worth $1,628,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. New York State Teachers Retirement System raised its stake in shares of Knoll by 2.4% during the 1st quarter. New York State Teachers Retirement System now owns 4,300 shares of the business services provider’s stock worth $102,000 after purchasing an additional 100 shares during the period. Strs Ohio raised its stake in shares of Knoll by 6.0% during the 2nd quarter. Strs Ohio now owns 8,800 shares of the business services provider’s stock worth $176,000 after purchasing an additional 500 shares during the period. SG Americas Securities LLC bought a new stake in shares of Knoll during the 2nd quarter worth $194,000. Sei Investments Co. raised its stake in shares of Knoll by 35.1% during the 1st quarter. Sei Investments Co. now owns 9,016 shares of the business services provider’s stock worth $214,000 after purchasing an additional 2,343 shares during the period. Finally, BNP Paribas Arbitrage SA raised its stake in shares of Knoll by 144.5% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 11,959 shares of the business services provider’s stock worth $240,000 after purchasing an additional 7,068 shares during the period. Institutional investors own 90.68% of the company’s stock.
KNL has been the topic of a number of recent analyst reports. Raymond James Financial, Inc. upgraded Knoll from a “market perform” rating to an “outperform” rating and set a $20.00 target price on the stock in a research note on Monday, August 28th. UBS AG upgraded Knoll from a “market perform” rating to an “outperform” rating in a research note on Monday, August 28th. Zacks Investment Research cut Knoll from a “hold” rating to a “strong sell” rating in a research note on Tuesday, August 1st. TheStreet cut Knoll from a “b-” rating to a “c+” rating in a research note on Thursday, September 7th. Finally, Sidoti initiated coverage on Knoll in a research note on Wednesday, August 16th. They set a “buy” rating and a $28.00 target price on the stock. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Knoll has an average rating of “Buy” and a consensus target price of $25.00.
Shares of Knoll, Inc. (NYSE:KNL) opened at 19.84 on Monday. The company has a 50-day moving average price of $18.60 and a 200 day moving average price of $20.77. Knoll, Inc. has a one year low of $16.57 and a one year high of $28.40. The stock has a market cap of $961.61 million, a price-to-earnings ratio of 13.69 and a beta of 1.02.
Knoll (NYSE:KNL) last announced its quarterly earnings results on Thursday, July 27th. The business services provider reported $0.29 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.08). Knoll had a net margin of 6.43% and a return on equity of 23.40%. The business had revenue of $268.70 million for the quarter, compared to the consensus estimate of $284.65 million. During the same period in the previous year, the company earned $0.44 earnings per share. The company’s revenue for the quarter was down 8.8% compared to the same quarter last year. Equities research analysts expect that Knoll, Inc. will post $1.38 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Friday, September 15th were issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 3.02%. The ex-dividend date was Thursday, September 14th. Knoll’s dividend payout ratio is 41.38%.
In other Knoll news, Director Benjamin A. Pardo sold 2,200 shares of the stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $19.45, for a total value of $42,790.00. Following the transaction, the director now owns 23,773 shares of the company’s stock, valued at $462,384.85. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 1.90% of the stock is currently owned by corporate insiders.
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Knoll, Inc is a manufacturer of commercial and residential furniture, accessories and coverings. The Company operates through three segments: Office, Studio and Coverings. The Office segment includes a range of workplace products that address workplace planning paradigms. These products include systems furniture, seating, storage, tables, desks and KnollExtra accessories, as well as the international sales of its North American Office products.
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