David O. Ulrich Sells 13,382 Shares of Herman Miller, Inc. (MLHR) Stock

Herman Miller, Inc. (NASDAQ:MLHR) Director David O. Ulrich sold 13,382 shares of the firm’s stock in a transaction that occurred on Thursday, November 9th. The shares were sold at an average price of $32.38, for a total value of $433,309.16. Following the completion of the sale, the director now directly owns 21,949 shares of the company’s stock, valued at approximately $710,708.62. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Herman Miller, Inc. (NASDAQ:MLHR) opened at $33.10 on Wednesday. The stock has a market capitalization of $1,975.68, a P/E ratio of 15.44 and a beta of 1.46. The company has a current ratio of 1.30, a quick ratio of 0.86 and a debt-to-equity ratio of 0.33. Herman Miller, Inc. has a 1 year low of $28.55 and a 1 year high of $37.00.

Herman Miller (NASDAQ:MLHR) last announced its earnings results on Thursday, September 21st. The business services provider reported $0.57 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.57. The company had revenue of $580.30 million for the quarter, compared to analysts’ expectations of $578.27 million. Herman Miller had a return on equity of 22.02% and a net margin of 5.34%. Herman Miller’s quarterly revenue was down 3.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.60 earnings per share. research analysts forecast that Herman Miller, Inc. will post 2.32 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Monday, January 15th. Investors of record on Saturday, December 2nd will be given a dividend of $0.18 per share. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $0.72 annualized dividend and a dividend yield of 2.18%. Herman Miller’s payout ratio is 36.00%.

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A number of equities research analysts have commented on MLHR shares. ValuEngine cut Herman Miller from a “buy” rating to a “hold” rating in a research note on Thursday, November 9th. Zacks Investment Research raised Herman Miller from a “hold” rating to a “buy” rating and set a $38.00 price objective for the company in a research note on Tuesday, September 26th. Finally, BidaskClub raised Herman Miller from a “sell” rating to a “hold” rating in a research note on Saturday, August 19th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $38.00.

Several large investors have recently made changes to their positions in MLHR. Riverhead Capital Management LLC boosted its position in shares of Herman Miller by 67.9% during the second quarter. Riverhead Capital Management LLC now owns 3,694 shares of the business services provider’s stock valued at $112,000 after buying an additional 1,494 shares during the last quarter. First Bank & Trust boosted its position in shares of Herman Miller by 4.1% during the second quarter. First Bank & Trust now owns 3,999 shares of the business services provider’s stock valued at $121,000 after buying an additional 158 shares during the last quarter. Public Employees Retirement System of Ohio boosted its position in shares of Herman Miller by 4.9% during the first quarter. Public Employees Retirement System of Ohio now owns 3,895 shares of the business services provider’s stock valued at $123,000 after buying an additional 181 shares during the last quarter. Sei Investments Co. boosted its position in shares of Herman Miller by 0.6% during the second quarter. Sei Investments Co. now owns 4,426 shares of the business services provider’s stock valued at $135,000 after buying an additional 26 shares during the last quarter. Finally, LS Investment Advisors LLC boosted its position in shares of Herman Miller by 17.5% during the second quarter. LS Investment Advisors LLC now owns 4,802 shares of the business services provider’s stock valued at $146,000 after buying an additional 714 shares during the last quarter. 82.17% of the stock is currently owned by institutional investors.

Herman Miller Company Profile

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

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