Bank of New York Mellon Corp increased its holdings in shares of Kimball International Inc (NASDAQ:KBAL) by 3.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 390,294 shares of the company’s stock after acquiring an additional 12,938 shares during the period. Bank of New York Mellon Corp owned approximately 1.04% of Kimball International worth $7,717,000 at the end of the most recent reporting period.
A number of other large investors have also bought and sold shares of the stock. Vanguard Group Inc. boosted its stake in Kimball International by 7.9% during the second quarter. Vanguard Group Inc. now owns 2,108,016 shares of the company’s stock worth $35,182,000 after acquiring an additional 153,584 shares in the last quarter. Renaissance Technologies LLC boosted its stake in Kimball International by 21.7% during the second quarter. Renaissance Technologies LLC now owns 1,308,991 shares of the company’s stock worth $21,847,000 after acquiring an additional 233,800 shares in the last quarter. State Street Corp boosted its stake in Kimball International by 4.1% during the second quarter. State Street Corp now owns 758,120 shares of the company’s stock worth $12,655,000 after acquiring an additional 29,509 shares in the last quarter. Goldman Sachs Group Inc. boosted its stake in Kimball International by 69.8% during the second quarter. Goldman Sachs Group Inc. now owns 490,566 shares of the company’s stock worth $8,187,000 after acquiring an additional 201,663 shares in the last quarter. Finally, Walthausen & Co. LLC boosted its stake in Kimball International by 92.4% during the second quarter. Walthausen & Co. LLC now owns 458,953 shares of the company’s stock worth $7,660,000 after acquiring an additional 220,460 shares in the last quarter. 61.46% of the stock is currently owned by institutional investors and hedge funds.
Separately, BidaskClub raised shares of Kimball International from a “hold” rating to a “buy” rating in a report on Wednesday, December 27th.
Shares of Kimball International Inc (NASDAQ:KBAL) opened at $19.37 on Friday. The stock has a market cap of $698.40, a P/E ratio of 19.57 and a beta of 1.43. Kimball International Inc has a 12-month low of $15.40 and a 12-month high of $20.97.
Kimball International (NASDAQ:KBAL) last posted its quarterly earnings results on Wednesday, November 1st. The company reported $0.29 earnings per share for the quarter. The business had revenue of $169.52 million during the quarter. Kimball International had a net margin of 5.64% and a return on equity of 21.84%.
The company also recently declared a quarterly dividend, which was paid on Friday, January 12th. Shareholders of record on Friday, December 22nd were given a $0.07 dividend. The ex-dividend date was Thursday, December 21st. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.45%. Kimball International’s payout ratio is currently 28.28%.
Kimball International Company Profile
Kimball International, Inc creates design driven furnishings. The Company sells a portfolio of furniture products and services under three brands, which include Kimball Office, National Office Furniture, and Kimball Hospitality. The Company’s portfolio offers solutions for the workplace, learning, healing, and hospitality environments.
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