Swiss National Bank Has $1.80 Million Stake in Steelcase Inc. $SCS

Swiss National Bank lowered its holdings in Steelcase Inc. (NYSE:SCS) by 1.2% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 164,100 shares of the business services provider’s stock after selling 2,000 shares during the period. Swiss National Bank owned approximately 0.14% of Steelcase worth $1,799,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. US Bancorp DE raised its position in shares of Steelcase by 4,509.8% in the first quarter. US Bancorp DE now owns 4,702 shares of the business services provider’s stock valued at $52,000 after buying an additional 4,600 shares in the last quarter. GAMMA Investing LLC increased its stake in Steelcase by 1,468.7% during the 1st quarter. GAMMA Investing LLC now owns 5,710 shares of the business services provider’s stock worth $63,000 after acquiring an additional 5,346 shares during the period. Virtus Fund Advisers LLC raised its holdings in Steelcase by 228.9% in the 4th quarter. Virtus Fund Advisers LLC now owns 7,893 shares of the business services provider’s stock valued at $93,000 after acquiring an additional 5,493 shares in the last quarter. Quarry LP lifted its position in shares of Steelcase by 162.6% during the 4th quarter. Quarry LP now owns 8,344 shares of the business services provider’s stock valued at $99,000 after acquiring an additional 5,166 shares during the period. Finally, Kapitalo Investimentos Ltda bought a new stake in shares of Steelcase during the 1st quarter valued at $121,000. Institutional investors and hedge funds own 92.42% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently commented on SCS shares. Noble Financial cut Steelcase from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 5th. Wall Street Zen lowered shares of Steelcase from a “buy” rating to a “hold” rating in a report on Saturday, August 9th. Two investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, Steelcase presently has a consensus rating of “Hold” and a consensus target price of $16.00.

Insider Activity

In other news, VP Robert G. Krestakos sold 12,000 shares of the company’s stock in a transaction on Friday, July 11th. The shares were sold at an average price of $10.63, for a total transaction of $127,560.00. Following the completion of the transaction, the vice president directly owned 127,912 shares in the company, valued at approximately $1,359,704.56. This represents a 8.58% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 6.75% of the company’s stock.

Steelcase Stock Up 2.5%

SCS stock opened at $16.4950 on Monday. The stock has a market capitalization of $1.89 billion, a P/E ratio of 16.01, a price-to-earnings-growth ratio of 1.57 and a beta of 1.18. The company has a current ratio of 1.65, a quick ratio of 1.15 and a debt-to-equity ratio of 0.46. Steelcase Inc. has a 12 month low of $9.31 and a 12 month high of $17.13. The firm has a 50-day moving average price of $12.26 and a 200-day moving average price of $11.30.

Steelcase (NYSE:SCS) last announced its quarterly earnings results on Wednesday, June 25th. The business services provider reported $0.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.08. The company had revenue of $779.00 million for the quarter, compared to analyst estimates of $759.90 million. Steelcase had a net margin of 3.84% and a return on equity of 14.49%. The firm’s revenue was up 7.1% on a year-over-year basis. During the same period in the previous year, the firm posted $0.16 EPS. Steelcase has set its Q2 2026 guidance at 0.360-0.400 EPS. As a group, equities research analysts anticipate that Steelcase Inc. will post 1 EPS for the current fiscal year.

Steelcase Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, July 21st. Shareholders of record on Monday, July 7th were paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date of this dividend was Monday, July 7th. Steelcase’s payout ratio is presently 38.83%.

About Steelcase

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.