Jennison Associates LLC bought a new position in shares of Knoll Inc (NYSE:KNL) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 59,670 shares of the business services provider’s stock, valued at approximately $1,128,000.

Several other hedge funds have also modified their holdings of the company. BlackRock Inc. raised its stake in shares of Knoll by 3.6% during the 4th quarter. BlackRock Inc. now owns 3,361,988 shares of the business services provider’s stock worth $55,405,000 after buying an additional 117,192 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Knoll by 1.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,216,108 shares of the business services provider’s stock worth $41,907,000 after buying an additional 37,342 shares in the last quarter. Macquarie Group Ltd. raised its stake in shares of Knoll by 0.9% during the 4th quarter. Macquarie Group Ltd. now owns 1,929,234 shares of the business services provider’s stock worth $31,794,000 after buying an additional 16,355 shares in the last quarter. Norges Bank purchased a new position in shares of Knoll during the 4th quarter worth approximately $18,976,000. Finally, Investment Counselors of Maryland LLC raised its stake in shares of Knoll by 1.4% during the 4th quarter. Investment Counselors of Maryland LLC now owns 988,676 shares of the business services provider’s stock worth $16,293,000 after buying an additional 13,475 shares in the last quarter. 89.64% of the stock is owned by institutional investors and hedge funds.

In related news, EVP David L. Schutte sold 3,500 shares of the firm’s stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $21.61, for a total value of $75,635.00. Following the completion of the transaction, the executive vice president now directly owns 63,424 shares of the company’s stock, valued at approximately $1,370,592.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Andrew B. Cogan sold 2,774 shares of the firm’s stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $21.06, for a total value of $58,420.44. Following the completion of the transaction, the chief executive officer now directly owns 533,018 shares of the company’s stock, valued at $11,225,359.08. The disclosure for this sale can be found here. Insiders sold a total of 16,500 shares of company stock valued at $350,335 over the last ninety days. 1.60% of the stock is currently owned by company insiders.

Several equities analysts recently weighed in on KNL shares. ValuEngine downgraded Knoll from a “hold” rating to a “sell” rating in a research note on Friday, March 15th. Zacks Investment Research raised Knoll from a “hold” rating to a “buy” rating and set a $25.00 price objective for the company in a research note on Wednesday, May 1st. Finally, TheStreet raised Knoll from a “c+” rating to a “b” rating in a research note on Friday, February 15th.

NYSE KNL traded up $0.04 during mid-day trading on Wednesday, hitting $21.28. The stock had a trading volume of 1,243 shares, compared to its average volume of 259,779. Knoll Inc has a 52-week low of $15.72 and a 52-week high of $24.29. The company has a market capitalization of $1.05 billion, a P/E ratio of 11.49 and a beta of 1.37. The company has a debt-to-equity ratio of 1.36, a current ratio of 1.18 and a quick ratio of 0.54.

Knoll (NYSE:KNL) last released its quarterly earnings data on Thursday, April 25th. The business services provider reported $0.41 earnings per share for the quarter, beating the consensus estimate of $0.39 by $0.02. Knoll had a return on equity of 24.17% and a net margin of 5.67%. The firm had revenue of $332.80 million during the quarter, compared to the consensus estimate of $312.20 million. During the same period last year, the business posted $0.35 EPS. Knoll’s quarterly revenue was up 12.2% on a year-over-year basis. On average, research analysts expect that Knoll Inc will post 2.03 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 14th will be paid a $0.17 dividend. This is an increase from Knoll’s previous quarterly dividend of $0.15. This represents a $0.68 annualized dividend and a yield of 3.20%. The ex-dividend date is Thursday, June 13th. Knoll’s dividend payout ratio (DPR) is presently 32.43%.

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Knoll Company Profile

Knoll, Inc, together with its subsidiaries, designs, manufactures, markets, and sells commercial and residential furniture, accessories, and coverings for the workplace and residential markets in the United States, Canada, Europe, and internationally. The company operates through Office and Lifestyle segments.

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Institutional Ownership by Quarter for Knoll (NYSE:KNL)

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