Herman Miller, Inc. (NASDAQ:MLHR) CEO Brian C. Walker sold 125,000 shares of the business’s stock in a transaction on Friday, March 9th. The stock was sold at an average price of $37.98, for a total transaction of $4,747,500.00. Following the transaction, the chief executive officer now directly owns 20,701 shares in the company, valued at $786,223.98. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Herman Miller, Inc. (MLHR) opened at $38.45 on Wednesday. Herman Miller, Inc. has a 12-month low of $28.55 and a 12-month high of $41.85. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.89 and a current ratio of 1.33. The company has a market cap of $2,294.32, a price-to-earnings ratio of 17.72 and a beta of 1.41.

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Herman Miller (NASDAQ:MLHR) last posted its quarterly earnings results on Wednesday, December 20th. The business services provider reported $0.57 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.57. The firm had revenue of $604.60 million for the quarter, compared to analysts’ expectations of $603.77 million. Herman Miller had a net margin of 5.36% and a return on equity of 21.85%. The firm’s quarterly revenue was up 4.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.54 earnings per share. research analysts anticipate that Herman Miller, Inc. will post 2.35 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Sunday, April 15th. Investors of record on Saturday, March 3rd will be issued a $0.18 dividend. The ex-dividend date of this dividend is Thursday, March 1st. This represents a $0.72 annualized dividend and a yield of 1.87%. Herman Miller’s dividend payout ratio is presently 35.64%.

MLHR has been the topic of a number of recent research reports. Zacks Investment Research cut shares of Herman Miller from a “hold” rating to a “sell” rating in a research report on Wednesday, November 22nd. BidaskClub cut shares of Herman Miller from a “hold” rating to a “sell” rating in a research report on Thursday, December 7th. ValuEngine raised shares of Herman Miller from a “hold” rating to a “buy” rating in a research report on Monday, December 11th. Finally, Raymond James Financial raised shares of Herman Miller from a “market perform” rating to an “outperform” rating and set a $43.00 target price on the stock in a research report on Tuesday, December 26th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $41.67.

A number of institutional investors and hedge funds have recently bought and sold shares of MLHR. Prudential Financial Inc. raised its holdings in Herman Miller by 31.8% in the third quarter. Prudential Financial Inc. now owns 1,556,300 shares of the business services provider’s stock valued at $55,871,000 after acquiring an additional 375,520 shares in the last quarter. Millennium Management LLC raised its holdings in Herman Miller by 96.5% in the fourth quarter. Millennium Management LLC now owns 506,581 shares of the business services provider’s stock valued at $20,289,000 after acquiring an additional 248,806 shares in the last quarter. BlackRock Inc. raised its holdings in Herman Miller by 3.2% in the fourth quarter. BlackRock Inc. now owns 6,323,198 shares of the business services provider’s stock valued at $253,243,000 after acquiring an additional 195,666 shares in the last quarter. LSV Asset Management raised its holdings in Herman Miller by 8.1% in the fourth quarter. LSV Asset Management now owns 2,341,157 shares of the business services provider’s stock valued at $93,763,000 after acquiring an additional 174,996 shares in the last quarter. Finally, Guggenheim Capital LLC raised its holdings in Herman Miller by 305.5% in the fourth quarter. Guggenheim Capital LLC now owns 213,203 shares of the business services provider’s stock valued at $8,541,000 after acquiring an additional 160,623 shares in the last quarter. 82.72% of the stock is currently owned by hedge funds and other institutional investors.

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Herman Miller Company Profile

Herman Miller, Inc is engaged in the research, design, manufacture, sale and distribution of office furniture systems, seating products, home furnishings and related services, among others. The Company’s segments include North American Furniture Solutions, which includes the design, manufacture and sale of furniture products for work-related settings, including office, education and healthcare environments, across the United States and Canada; EMEA, Latin America, and Asia Pacific (ELA) Furniture Solutions, which includes the operations associated with the design, manufacture, and sale of furniture products, primarily for work-related settings, in the Europe, Middle East and Africa (EMEA), Latin America and Asia-Pacific geographic regions, among others; Specialty segment, which includes the design, manufacture and sale of furniture products and textiles, and Consumer segment, which includes the sale of modern design furnishings and accessories to third-party retail distributors.

Insider Buying and Selling by Quarter for Herman Miller (NASDAQ:MLHR)

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