Skandinaviska Enskilda Banken AB publ decreased its position in Herman Miller, Inc. (NASDAQ:MLHR) by 0.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 574,300 shares of the business services provider’s stock after selling 3,200 shares during the period. Skandinaviska Enskilda Banken AB publ owned 0.96% of Herman Miller worth $20,617,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of MLHR. Dimensional Fund Advisors LP lifted its holdings in Herman Miller by 2.6% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,603,814 shares of the business services provider’s stock worth $57,576,000 after buying an additional 40,467 shares in the last quarter. Associated Banc Corp acquired a new stake in Herman Miller during the 3rd quarter worth approximately $252,000. Schwab Charles Investment Management Inc. lifted its holdings in Herman Miller by 10.7% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 408,045 shares of the business services provider’s stock worth $14,649,000 after buying an additional 39,300 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp lifted its holdings in Herman Miller by 11.4% during the 3rd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 45,100 shares of the business services provider’s stock worth $1,619,000 after buying an additional 4,600 shares in the last quarter. Finally, Wells Fargo & Company MN lifted its holdings in Herman Miller by 10.7% during the 3rd quarter. Wells Fargo & Company MN now owns 219,818 shares of the business services provider’s stock worth $7,892,000 after buying an additional 21,174 shares in the last quarter. 82.32% of the stock is owned by institutional investors and hedge funds.

In other Herman Miller news, CEO Brian C. Walker sold 14,000 shares of the business’s stock in a transaction that occurred on Tuesday, October 17th. The shares were sold at an average price of $35.38, for a total transaction of $495,320.00. Following the completion of the sale, the chief executive officer now directly owns 160,979 shares in the company, valued at $5,695,437.02. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director David O. Ulrich sold 13,382 shares of the business’s stock in a transaction that occurred on Thursday, November 9th. The stock was sold at an average price of $32.38, for a total transaction of $433,309.16. Following the sale, the director now owns 21,949 shares of the company’s stock, valued at $710,708.62. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 85,789 shares of company stock valued at $2,955,741. 1.91% of the stock is currently owned by company insiders.

Shares of Herman Miller, Inc. (MLHR) opened at $35.75 on Friday. The company has a quick ratio of 0.86, a current ratio of 1.30 and a debt-to-equity ratio of 0.33. Herman Miller, Inc. has a 52 week low of $28.55 and a 52 week high of $37.00. The company has a market cap of $2,140.00, a PE ratio of 16.45 and a beta of 1.46.

Herman Miller (NASDAQ:MLHR) last announced its quarterly earnings data on Thursday, September 21st. The business services provider reported $0.57 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.57. Herman Miller had a net margin of 5.34% and a return on equity of 22.02%. The firm had revenue of $580.30 million during the quarter, compared to analysts’ expectations of $578.27 million. During the same quarter last year, the business earned $0.60 earnings per share. The business’s revenue for the quarter was down 3.1% compared to the same quarter last year. research analysts forecast that Herman Miller, Inc. will post 2.32 EPS for the current fiscal year.

The business also recently disclosed 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. This represents a $0.72 annualized dividend and a dividend yield of 2.01%. The ex-dividend date is Thursday, November 30th. Herman Miller’s dividend payout ratio (DPR) is 36.18%.

A number of research analysts recently commented on MLHR shares. Zacks Investment Research downgraded shares of Herman Miller from a “hold” rating to a “sell” rating in a research report on Wednesday, November 22nd. ValuEngine downgraded shares of Herman Miller from a “buy” rating to a “hold” rating in a research report on Thursday, November 9th. Finally, BidaskClub raised shares of Herman Miller from a “sell” rating to a “hold” rating in a research report on Saturday, August 19th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $38.00.

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Herman Miller Profile

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Institutional Ownership by Quarter for Herman Miller (NASDAQ:MLHR)

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