Speece Thorson Capital Group Inc. Buys 19,218 Shares of Herman Miller, Inc. (MLHR)
Speece Thorson Capital Group Inc. lifted its stake in shares of Herman Miller, Inc. (NASDAQ:MLHR) by 4.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 466,034 shares of the business services provider’s stock after acquiring an additional 19,218 shares during the quarter. Herman Miller accounts for about 3.7% of Speece Thorson Capital Group Inc.’s portfolio, making the stock its 7th largest position. Speece Thorson Capital Group Inc.’s holdings in Herman Miller were worth $18,665,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors have also bought and sold shares of the stock. New Mexico Educational Retirement Board purchased a new position in Herman Miller in the fourth quarter valued at $593,000. Old Mutual Global Investors UK Ltd. increased its holdings in Herman Miller by 27.2% in the fourth quarter. Old Mutual Global Investors UK Ltd. now owns 248,236 shares of the business services provider’s stock valued at $9,941,000 after buying an additional 53,054 shares during the last quarter. LS Investment Advisors LLC boosted its stake in Herman Miller by 44.7% in the fourth quarter. LS Investment Advisors LLC now owns 6,891 shares of the business services provider’s stock valued at $276,000 after acquiring an additional 2,130 shares in the last quarter. Swiss National Bank boosted its stake in Herman Miller by 2.2% in the fourth quarter. Swiss National Bank now owns 100,800 shares of the business services provider’s stock valued at $4,037,000 after acquiring an additional 2,200 shares in the last quarter. Finally, California Public Employees Retirement System boosted its stake in Herman Miller by 7.3% in the fourth quarter. California Public Employees Retirement System now owns 148,122 shares of the business services provider’s stock valued at $5,932,000 after acquiring an additional 10,066 shares in the last quarter. 82.06% of the stock is currently owned by hedge funds and other institutional investors.
In other news, EVP Jeremy J. Hocking sold 2,442 shares of the stock in a transaction dated Wednesday, January 3rd. The shares were sold at an average price of $40.40, for a total transaction of $98,656.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Kevin J. Veltman sold 1,190 shares of the stock in a transaction dated Wednesday, January 3rd. The stock was sold at an average price of $40.28, for a total transaction of $47,933.20. The disclosure for this sale can be found here. Insiders have sold 142,202 shares of company stock valued at $5,364,155 in the last quarter. Insiders own 1.91% of the company’s stock.
Herman Miller, Inc. (NASDAQ MLHR) opened at $36.35 on Wednesday. The company has a quick ratio of 0.89, a current ratio of 1.33 and a debt-to-equity ratio of 0.32. Herman Miller, Inc. has a 12 month low of $28.55 and a 12 month high of $41.85. The stock has a market cap of $2,192.88, a price-to-earnings ratio of 18.00 and a beta of 1.34.
Herman Miller (NASDAQ:MLHR) last released its quarterly earnings data 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. Herman Miller had a net margin of 5.36% and a return on equity of 21.85%. The company had revenue of $604.60 million during the quarter, compared to the consensus estimate of $603.77 million. During the same quarter in the prior year, the firm posted $0.54 earnings per share. Herman Miller’s revenue for the quarter was up 4.7% on a year-over-year basis. equities research analysts forecast that Herman Miller, Inc. will post 2.35 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Sunday, April 15th. Stockholders of record on Saturday, March 3rd will be paid a dividend of $0.18 per share. The ex-dividend date is Thursday, March 1st. This represents a $0.72 annualized dividend and a dividend yield of 1.98%. Herman Miller’s dividend payout ratio (DPR) is 35.64%.
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Herman Miller 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.
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