Chartwell Investment Partners LLC increased its holdings in Knoll Inc (NYSE:KNL) by 5.0% in the fourth quarter, HoldingsChannel.com reports. The fund owned 701,808 shares of the business services provider’s stock after purchasing an additional 33,187 shares during the quarter. Chartwell Investment Partners LLC’s holdings in Knoll were worth $16,170,000 as of its most recent SEC filing.
Other large investors have also added to or reduced their stakes in the company. Macquarie Group Ltd. lifted its stake in Knoll by 29.5% in the third quarter. Macquarie Group Ltd. now owns 1,795,464 shares of the business services provider’s stock worth $35,909,000 after acquiring an additional 409,142 shares during the period. First Manhattan Co. purchased a new stake in Knoll in the third quarter worth about $534,000. Systematic Financial Management LP lifted its stake in Knoll by 18.0% in the third quarter. Systematic Financial Management LP now owns 269,680 shares of the business services provider’s stock worth $5,394,000 after acquiring an additional 41,083 shares during the period. Dynamic Technology Lab Private Ltd lifted its stake in Knoll by 134.0% in the third quarter. Dynamic Technology Lab Private Ltd now owns 35,030 shares of the business services provider’s stock worth $701,000 after acquiring an additional 20,059 shares during the period. Finally, Dean Investment Associates LLC lifted its stake in Knoll by 35.5% in the third quarter. Dean Investment Associates LLC now owns 325,745 shares of the business services provider’s stock worth $6,515,000 after acquiring an additional 85,280 shares during the period. 90.86% of the stock is owned by institutional investors.
A number of research firms recently weighed in on KNL. Zacks Investment Research raised shares of Knoll from a “hold” rating to a “buy” rating and set a $24.00 price objective for the company in a research note on Thursday. ValuEngine lowered shares of Knoll from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. TheStreet raised shares of Knoll from a “c+” rating to a “b-” rating in a research note on Friday, November 17th. Finally, Raymond James Financial raised shares of Knoll from an “outperform” rating to a “strong-buy” rating and upped their price objective for the stock from $23.00 to $26.00 in a research note on Tuesday, December 26th. One investment analyst has rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. Knoll currently has a consensus rating of “Buy” and a consensus target price of $26.00.
Knoll (NYSE:KNL) last announced its earnings results on Thursday, February 8th. The business services provider reported $0.36 EPS for the quarter, missing the Zacks’ consensus estimate of $0.42 by ($0.06). The firm had revenue of $316.10 million during the quarter, compared to the consensus estimate of $302.07 million. Knoll had a return on equity of 20.51% and a net margin of 7.08%. The business’s revenue for the quarter was up 7.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.44 earnings per share. equities analysts predict that Knoll Inc will post 1.75 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, March 30th. Shareholders of record on Thursday, March 15th will be issued a $0.15 dividend. The ex-dividend date of this dividend is Wednesday, March 14th. This represents a $0.60 dividend on an annualized basis and a yield of 2.74%. Knoll’s dividend payout ratio is presently 36.81%.
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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.
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