Dimensional Fund Advisors LP Grows Stock Position in MillerKnoll, Inc. (NASDAQ:MLKN)

Dimensional Fund Advisors LP increased its position in shares of MillerKnoll, Inc. (NASDAQ:MLKN - Free Report) by 3.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,820,581 shares of the company's stock after acquiring an additional 121,478 shares during the period. Dimensional Fund Advisors LP owned about 5.61% of MillerKnoll worth $86,306,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Smartleaf Asset Management LLC lifted its position in shares of MillerKnoll by 458.4% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,463 shares of the company's stock worth $33,000 after purchasing an additional 1,201 shares in the last quarter. KBC Group NV lifted its holdings in MillerKnoll by 62.9% during the 4th quarter. KBC Group NV now owns 3,319 shares of the company's stock worth $75,000 after buying an additional 1,281 shares in the last quarter. Avior Wealth Management LLC boosted its position in MillerKnoll by 228.8% in the 4th quarter. Avior Wealth Management LLC now owns 2,081 shares of the company's stock valued at $47,000 after buying an additional 1,448 shares during the period. Sei Investments Co. grew its stake in shares of MillerKnoll by 12.7% in the fourth quarter. Sei Investments Co. now owns 16,002 shares of the company's stock worth $361,000 after acquiring an additional 1,800 shares in the last quarter. Finally, Sterling Capital Management LLC increased its position in shares of MillerKnoll by 793.5% during the fourth quarter. Sterling Capital Management LLC now owns 2,198 shares of the company's stock worth $50,000 after acquiring an additional 1,952 shares during the period. 87.50% of the stock is currently owned by hedge funds and other institutional investors.

MillerKnoll Stock Down 0.1 %

Shares of MillerKnoll stock traded down $0.02 during trading on Monday, hitting $16.71. 40,098 shares of the stock were exchanged, compared to its average volume of 601,941. The stock has a market cap of $1.13 billion, a price-to-earnings ratio of 18.33, a price-to-earnings-growth ratio of 0.89 and a beta of 1.05. The firm's 50-day moving average price is $18.21 and its 200 day moving average price is $21.50. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.60 and a quick ratio of 0.99. MillerKnoll, Inc. has a 12-month low of $15.25 and a 12-month high of $31.73.

MillerKnoll (NASDAQ:MLKN - Get Free Report) last posted its earnings results on Wednesday, March 26th. The company reported $0.44 earnings per share for the quarter, hitting the consensus estimate of $0.44. The firm had revenue of $876.20 million during the quarter, compared to analysts' expectations of $918.88 million. MillerKnoll had a return on equity of 10.74% and a net margin of 1.81%. The firm's revenue was up .4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.45 earnings per share. As a group, analysts forecast that MillerKnoll, Inc. will post 2.12 earnings per share for the current fiscal year.

MillerKnoll Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Sunday, June 1st will be paid a dividend of $0.1875 per share. The ex-dividend date is Friday, May 30th. This represents a $0.75 annualized dividend and a yield of 4.49%. MillerKnoll's dividend payout ratio is currently 178.57%.

Wall Street Analyst Weigh In

Several research analysts recently commented on the company. Sidoti raised MillerKnoll to a "hold" rating in a research note on Tuesday, March 25th. StockNews.com cut shares of MillerKnoll from a "buy" rating to a "hold" rating in a report on Saturday, March 29th.

MillerKnoll Profile

MillerKnoll, Inc researches, designs, manufactures, and distributes interior furnishings worldwide. It operates through three segments: Americas Contract, International Contract & Specialty, and Global Retail. The company also provides seating products, furniture systems, other freestanding furniture elements, textiles, leather, felt, home furnishings and related services, casegoods, storage products, as well as residential, education, and healthcare furniture solutions.