Mitsubishi UFJ Trust & Banking Corp grew its position in Herman Miller, Inc. (NASDAQ:MLHR) by 11.4% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 45,100 shares of the business services provider’s stock after purchasing an additional 4,600 shares during the period. Mitsubishi UFJ Trust & Banking Corp owned about 0.08% of Herman Miller worth $1,619,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Wells Fargo & Company MN raised its holdings in Herman Miller by 10.7% in the third quarter. Wells Fargo & Company MN now owns 219,818 shares of the business services provider’s stock worth $7,892,000 after purchasing an additional 21,174 shares during the period. Legal & General Group Plc raised its holdings in Herman Miller by 5.9% in the third quarter. Legal & General Group Plc now owns 52,018 shares of the business services provider’s stock worth $1,867,000 after purchasing an additional 2,901 shares during the period. American International Group Inc. raised its holdings in Herman Miller by 2.8% in the third quarter. American International Group Inc. now owns 162,366 shares of the business services provider’s stock worth $5,829,000 after purchasing an additional 4,382 shares during the period. Fuller & Thaler Asset Management Inc. raised its holdings in Herman Miller by 0.6% in the third quarter. Fuller & Thaler Asset Management Inc. now owns 1,424,530 shares of the business services provider’s stock worth $51,141,000 after purchasing an additional 8,147 shares during the period. Finally, Macquarie Group Ltd. raised its holdings in Herman Miller by 5.8% in the third quarter. Macquarie Group Ltd. now owns 60,400 shares of the business services provider’s stock worth $2,169,000 after purchasing an additional 3,333 shares during the period. Institutional investors own 82.40% of the company’s stock.

In related news, EVP Michael F. Ramirez sold 4,091 shares of the firm’s stock in a transaction on Wednesday, September 27th. The shares were sold at an average price of $33.98, for a total transaction of $139,012.18. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director David O. Ulrich sold 13,382 shares of the firm’s stock in a transaction 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 in the company, valued at $710,708.62. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 85,789 shares of company stock worth $2,955,741. 1.91% of the stock is currently owned by company insiders.

Shares of Herman Miller, Inc. (NASDAQ MLHR) opened at $34.80 on Tuesday. Herman Miller, Inc. has a twelve month low of $28.55 and a twelve month high of $37.00. The company has a current ratio of 1.30, a quick ratio of 0.86 and a debt-to-equity ratio of 0.33. The company has a market cap of $2,044.42, a price-to-earnings ratio of 15.98 and a beta of 1.48.

Herman Miller (NASDAQ:MLHR) last issued its quarterly earnings data on Thursday, September 21st. The business services provider reported $0.57 EPS for the quarter, hitting analysts’ consensus estimates of $0.57. Herman Miller had a net margin of 5.34% and a return on equity of 22.02%. The business had revenue of $580.30 million for the quarter, compared to analyst estimates of $578.27 million. During the same period last year, the business posted $0.60 earnings per share. The firm’s quarterly revenue was down 3.1% on a year-over-year basis. analysts predict that Herman Miller, Inc. will post 2.32 EPS for the current 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 issued a dividend of $0.18 per share. The ex-dividend date is Thursday, November 30th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.07%. Herman Miller’s payout ratio is 36.00%.

MLHR has been the topic of several analyst reports. Zacks Investment Research lowered shares of Herman Miller from a “hold” rating to a “sell” rating in a report on Wednesday, November 22nd. ValuEngine lowered shares of Herman Miller from a “buy” rating to a “hold” rating in a report on Thursday, November 9th. Finally, BidaskClub lowered shares of Herman Miller from a “hold” rating to a “sell” rating in a report on Thursday, December 7th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $38.00.

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Herman Miller Company Profile

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

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