Insider Selling: Herman Miller, Inc. (MLHR) EVP Sells $129,126.51 in Stock

Herman Miller, Inc. (NASDAQ:MLHR) EVP Donald D. Goeman sold 4,111 shares of Herman Miller stock in a transaction on Tuesday, February 7th. The shares were sold at an average price of $31.41, for a total transaction of $129,126.51. Following the completion of the transaction, the executive vice president now directly owns 7,029 shares of the company’s stock, valued at approximately $220,780.89. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Donald D. Goeman also recently made the following trade(s):

  • On Friday, January 6th, Donald D. Goeman sold 8,000 shares of Herman Miller stock. The shares were sold at an average price of $32.35, for a total transaction of $258,800.00.

Herman Miller, Inc. (NASDAQ:MLHR) opened at 31.35 on Monday. The stock has a market cap of $1.88 billion, a PE ratio of 13.87 and a beta of 1.45. The firm has a 50-day moving average of $31.85 and a 200-day moving average of $32.04. Herman Miller, Inc. has a 12-month low of $22.95 and a 12-month high of $36.46.

Herman Miller (NASDAQ:MLHR) last released its quarterly earnings results on Wednesday, December 21st. The company reported $0.54 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.54. Herman Miller had a net margin of 5.95% and a return on equity of 24.45%. The company had revenue of $577.50 million for the quarter. During the same period in the prior year, the business earned $0.57 earnings per share. Herman Miller’s revenue for the quarter was down .5% on a year-over-year basis. Equities analysts predict that Herman Miller, Inc. will post $1.95 earnings per share for the current fiscal year.

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

The company also recently declared a quarterly dividend, which will be paid on Saturday, April 15th. Shareholders of record on Saturday, March 4th will be paid a dividend of $0.17 per share. The ex-dividend date of this dividend is Wednesday, March 1st. This represents a $0.68 annualized dividend and a dividend yield of 2.17%. Herman Miller’s dividend payout ratio is currently 30.09%.

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Several large investors have recently added to or reduced their stakes in MLHR. Royce & Associates LP boosted its stake in Herman Miller by 15.8% in the fourth quarter. Royce & Associates LP now owns 1,416,000 shares of the company’s stock valued at $48,427,000 after buying an additional 193,500 shares in the last quarter. RidgeWorth Capital Management LLC boosted its stake in Herman Miller by 0.9% in the fourth quarter. RidgeWorth Capital Management LLC now owns 1,739,647 shares of the company’s stock valued at $59,795,000 after buying an additional 15,544 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in Herman Miller by 4.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,505,587 shares of the company’s stock valued at $51,492,000 after buying an additional 59,254 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in Herman Miller by 0.3% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 8,880 shares of the company’s stock valued at $304,000 after buying an additional 28 shares in the last quarter. Finally, Cipher Capital LP purchased a new stake in Herman Miller during the fourth quarter valued at about $253,000. 82.71% of the stock is currently owned by institutional investors.

MLHR has been the subject of a number of recent analyst reports. Cann cut shares of Herman Miller from a “market perform” rating to an “underperform” rating in a report on Tuesday, January 3rd. Raymond James Financial, Inc. reaffirmed an “underperform” rating on shares of Herman Miller in a report on Tuesday, January 3rd. Seaport Global Securities initiated coverage on shares of Herman Miller in a report on Friday, November 4th. They issued a “neutral” rating for the company. Finally, Zacks Investment Research cut shares of Herman Miller from a “hold” rating to a “sell” rating in a report on Thursday, January 5th. Three equities research analysts have rated the stock with a sell rating and two have given a hold rating to the company. The stock has a consensus rating of “Sell” and an average target price of $34.00.

Herman Miller Company Profile

5 Day Chart for NASDAQ:MLHR

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