Strs Ohio Makes New $562,000 Investment in Steelcase Inc. $SCS

Strs Ohio bought a new stake in Steelcase Inc. (NYSE:SCS) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 51,300 shares of the business services provider’s stock, valued at approximately $562,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Jones Financial Companies Lllp increased its position in Steelcase by 3,634.2% during the first quarter. Jones Financial Companies Lllp now owns 2,950 shares of the business services provider’s stock worth $32,000 after purchasing an additional 2,871 shares during the last quarter. US Bancorp DE grew its stake in Steelcase by 4,509.8% during the first quarter. US Bancorp DE now owns 4,702 shares of the business services provider’s stock worth $52,000 after buying an additional 4,600 shares during the period. GAMMA Investing LLC grew its stake in Steelcase by 1,468.7% during the first quarter. GAMMA Investing LLC now owns 5,710 shares of the business services provider’s stock worth $63,000 after buying an additional 5,346 shares during the period. Kapitalo Investimentos Ltda purchased a new stake in Steelcase during the first quarter worth approximately $121,000. Finally, Virtus Advisers LLC purchased a new stake in Steelcase during the first quarter worth approximately $126,000. Institutional investors and hedge funds own 92.42% of the company’s stock.

Steelcase Stock Down 0.5%

SCS opened at $16.90 on Friday. The stock has a market cap of $1.94 billion, a PE ratio of 16.41, a price-to-earnings-growth ratio of 1.61 and a beta of 1.26. Steelcase Inc. has a 1-year low of $9.31 and a 1-year high of $17.25. The company has a current ratio of 1.65, a quick ratio of 1.15 and a debt-to-equity ratio of 0.46. The stock’s fifty day simple moving average is $14.70 and its 200 day simple moving average is $11.96.

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

Steelcase Announces Dividend

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

Insider Activity

In related news, VP Robert G. Krestakos sold 12,000 shares of the business’s stock in a transaction on Friday, July 11th. The stock was sold at an average price of $10.63, for a total transaction of $127,560.00. Following the sale, the vice president directly owned 127,912 shares in the company, valued at approximately $1,359,704.56. The trade was a 8.58% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 6.75% of the company’s stock.

Wall Street Analyst Weigh In

SCS has been the subject of several analyst reports. Noble Financial downgraded shares of Steelcase from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 5th. Wall Street Zen cut shares of Steelcase from a “buy” rating to a “hold” rating in a report on Saturday, August 9th. Two research analysts have rated the stock with a Hold rating, According to MarketBeat, Steelcase currently has a consensus rating of “Hold” and a consensus price target of $16.00.

Steelcase Company Profile

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.