Northern Trust Corp raised its stake in Knoll, Inc. (NYSE:KNL) by 2.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 641,342 shares of the business services provider’s stock after acquiring an additional 16,858 shares during the period. Northern Trust Corp owned 1.31% of Knoll worth $12,859,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Federated Investors Inc. PA boosted its stake in Knoll by 71.7% in the second quarter. Federated Investors Inc. PA now owns 111,974 shares of the business services provider’s stock valued at $2,245,000 after acquiring an additional 46,749 shares in the last quarter. Schwab Charles Investment Management Inc. boosted its stake in Knoll by 5.0% in the second quarter. Schwab Charles Investment Management Inc. now owns 284,187 shares of the business services provider’s stock valued at $5,698,000 after acquiring an additional 13,545 shares in the last quarter. Legato Capital Management LLC acquired a new position in Knoll in the second quarter valued at $391,000. Tudor Investment Corp ET AL boosted its stake in Knoll by 18.3% in the first quarter. Tudor Investment Corp ET AL now owns 13,600 shares of the business services provider’s stock valued at $324,000 after acquiring an additional 2,100 shares in the last quarter. Finally, Teachers Advisors LLC boosted its stake in Knoll by 10.2% in the first quarter. Teachers Advisors LLC now owns 83,972 shares of the business services provider’s stock valued at $1,999,000 after acquiring an additional 7,787 shares in the last quarter. Institutional investors own 90.83% of the company’s stock.

Several equities analysts have issued reports on the stock. Zacks Investment Research downgraded shares of Knoll from a “hold” rating to a “sell” rating in a research note on Thursday, October 26th. Sidoti assumed coverage on shares of Knoll in a research note on Wednesday, August 16th. They issued a “buy” rating and a $28.00 price objective for the company. TheStreet downgraded shares of Knoll from a “b-” rating to a “c+” rating in a research note on Thursday, September 7th. Raymond James Financial, Inc. upgraded shares of Knoll from a “market perform” rating to an “outperform” rating and set a $20.00 price objective for the company in a research note on Monday, August 28th. Finally, UBS AG upgraded shares of Knoll from a “market perform” rating to an “outperform” rating in a research note on Monday, August 28th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the company’s stock. Knoll currently has a consensus rating of “Buy” and an average price target of $25.00.

Knoll (NYSE:KNL) last announced its quarterly earnings data on Monday, October 23rd. The business services provider reported $0.39 earnings per share for the quarter, beating analysts’ consensus estimates of $0.35 by $0.04. Knoll had a net margin of 6.21% and a return on equity of 22.41%. The business had revenue of $291.26 million during the quarter, compared to the consensus estimate of $277.40 million. During the same quarter in the prior year, the firm earned $0.44 EPS. The company’s revenue for the quarter was down .3% compared to the same quarter last year.

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Knoll Company Profile

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.

Institutional Ownership by Quarter for Knoll (NYSE:KNL)

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