LSV Asset Management increased its holdings in Knoll, Inc. (NYSE:KNL) by 14.7% in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 182,900 shares of the business services provider’s stock after purchasing an additional 23,399 shares during the period. LSV Asset Management owned approximately 0.37% of Knoll worth $3,667,000 as of its most recent SEC filing.
Several other institutional investors have also made changes to their positions in KNL. Teachers Advisors LLC boosted its stake in shares of Knoll by 3.0% in the 4th quarter. Teachers Advisors LLC now owns 76,185 shares of the business services provider’s stock valued at $2,128,000 after purchasing an additional 2,189 shares in the last quarter. First Trust Advisors LP boosted its stake in shares of Knoll by 301.2% in the 1st quarter. First Trust Advisors LP now owns 76,109 shares of the business services provider’s stock valued at $1,812,000 after purchasing an additional 57,139 shares in the last quarter. American Century Companies Inc. boosted its stake in shares of Knoll by 216.7% in the 1st quarter. American Century Companies Inc. now owns 291,458 shares of the business services provider’s stock valued at $6,940,000 after purchasing an additional 199,416 shares in the last quarter. US Bancorp DE boosted its stake in shares of Knoll by 7.7% in the 1st quarter. US Bancorp DE now owns 39,077 shares of the business services provider’s stock valued at $931,000 after purchasing an additional 2,801 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in shares of Knoll by 14.4% in the 1st quarter. Bank of New York Mellon Corp now owns 1,764,667 shares of the business services provider’s stock valued at $42,017,000 after purchasing an additional 221,536 shares in the last quarter. 90.68% of the stock is owned by institutional investors.
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A number of equities research analysts have recently issued reports on KNL shares. Zacks Investment Research cut shares of Knoll from a “hold” rating to a “strong sell” rating in a research note on Tuesday, August 1st. ValuEngine cut shares of Knoll from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Raymond James Financial, Inc. raised 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. UBS AG raised shares of Knoll from a “market perform” rating to an “outperform” rating in a research note on Monday, August 28th. Finally, TheStreet cut shares of Knoll from a “b-” rating to a “c+” rating in a research note on Thursday, September 7th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the company. Knoll currently has an average rating of “Buy” and an average target price of $24.50.
In other news, Director Benjamin A. Pardo sold 2,200 shares of the business’s stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $19.45, for a total transaction of $42,790.00. Following the completion of the sale, the director now directly owns 23,773 shares of the company’s stock, valued at $462,384.85. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.90% of the company’s stock.
Shares of Knoll, Inc. (NYSE KNL) opened at 18.30 on Tuesday. The stock has a market cap of $886.96 million, a PE ratio of 12.63 and a beta of 0.99. The firm’s 50-day moving average is $18.23 and its 200 day moving average is $21.09. Knoll, Inc. has a 12 month low of $16.57 and a 12 month high of $28.40.
Knoll (NYSE:KNL) last posted its quarterly earnings data on Thursday, July 27th. The business services provider reported $0.29 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.37 by ($0.08). Knoll had a net margin of 6.43% and a return on equity of 23.40%. The firm had revenue of $268.70 million for the quarter, compared to the consensus estimate of $284.65 million. During the same quarter last year, the firm earned $0.44 EPS. The company’s revenue was down 8.8% on a year-over-year basis. On average, equities analysts predict that Knoll, Inc. will post $1.39 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 15th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 3.28%. The ex-dividend date of this dividend is Thursday, September 14th. Knoll’s dividend payout ratio (DPR) is 41.38%.
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.
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