6 days Ago By ABMN Staff
Franklin Resources Inc. boosted its stake in Steelcase Inc. ( NYSE:SCS – Free Report ) by 14.
9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 114,443 shares of the business services provider’s stock after purchasing an additional 14,869 shares during the quarter. Franklin Resources Inc.
owned approximately 0.10% of Steelcase worth $1,353,000 as of its most recent filing with the Securities & Exchange Commission. Other hedge funds have also added to or reduced their stakes in the company.
FMR LLC increased its holdings in Steelcase by 3,862.6% during the 3rd quarter. FMR LLC now owns 101,523 shares of the business services provider’s stock worth $1,370,000 after acquiring an additional 98,961 shares during the period.
State Street Corp boosted its position in shares of Steelcase by 1.0% during the 3rd quarter. State Street Corp now owns 2,260,310 shares of the business services provider’s stock valued at $30,714,000 after acquiring an additional 22,226 shares during the last quarter.
Barclays PLC grew its holdings in shares of Steelcase by 203.1% during the third quarter. Barclays PLC now owns 178,002 shares of the business services provider’s stock worth $2,402,000 after purchasing an additional 119,268 shares in the last quarter.
Geode Capital Management LLC increased its position in shares of Steelcase by 1.0% in the third quarter. Geode Capital Management LLC now owns 2,180,428 shares of the business services provider’s stock worth $29,420,000 after purchasing an additional 22,507 shares during the last quarter.
Finally, Sanctuary Advisors LLC raised its stake in Steelcase by 32.9% in the third quarter. Sanctuary Advisors LLC now owns 74,605 shares of the business services provider’s stock valued at $990,000 after purchasing an additional 18,459 shares in the last quarter.
Hedge funds and other institutional investors own 92.42% of the company’s stock. Insider Transactions at Steelcase In related news, VP Robert G.
Krestakos sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, January 22nd. The stock was sold at an average price of $11.74, for a total value of $58,700.
00. Following the sale, the vice president now directly owns 114,481 shares of the company’s stock, valued at $1,344,006.94.
This trade represents a 4.18 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link .
Company insiders own 12.96% of the company’s stock. Analyst Ratings Changes Read Our Latest Research Report on Steelcase Steelcase Stock Up 1.
1 % Shares of SCS opened at $10.29 on Tuesday. The firm has a market cap of $1.
17 billion, a P/E ratio of 10.72, a P/E/G ratio of 1.25 and a beta of 1.
12. Steelcase Inc. has a 1 year low of $9.
58 and a 1 year high of $14.74. The stock has a 50 day simple moving average of $11.
33 and a two-hundred day simple moving average of $12.08. The company has a debt-to-equity ratio of 0.
48, a current ratio of 1.57 and a quick ratio of 1.21.
Steelcase ( NYSE:SCS – Get Free Report ) last posted its quarterly earnings results on Wednesday, March 26th. The business services provider reported $0.26 earnings per share for the quarter, topping the consensus estimate of $0.
20 by $0.06. The business had revenue of $788.
00 million during the quarter, compared to the consensus estimate of $790.90 million. Steelcase had a net margin of 3.
63% and a return on equity of 14.20%. The firm’s revenue for the quarter was up 1.
7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.23 earnings per share.
On average, analysts forecast that Steelcase Inc. will post 1 earnings per share for the current fiscal year. Steelcase Announces Dividend The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 21st.
Stockholders of record on Monday, April 7th will be paid a dividend of $0.10 per share. This represents a $0.
40 dividend on an annualized basis and a dividend yield of 3.89%. The ex-dividend date is Monday, April 7th.
Steelcase’s dividend payout ratio (DPR) is presently 39.60%. Steelcase Company Profile ( Free Report ) Steelcase Inc provides a portfolio of furniture and architectural products and services in the United States and internationally.
It operates through Americas and International segments. The company's furniture portfolio includes furniture systems, seating, storage, fixed and height-adjustable desks, benches, and tables, as well as complementary products, such as work accessories, lighting, mobile power, and screens. Featured Articles Want to see what other hedge funds are holding SCS? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for Steelcase Inc. ( NYSE:SCS – Free Report ). Receive News & Ratings for Steelcase Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Steelcase and related companies with MarketBeat.
com's FREE daily email newsletter ..
