Charles Schwab Investment Management Inc. Buys 30,880 Shares of MillerKnoll, Inc. $MLKN

Key Points

• Charles Schwab Investment Management Inc. increased its stake in MillerKnoll, Inc. by 2.4%, now owning approximately 1.98% of the company, equating to a value of $25.7 million as of the recent SEC filing.
• MillerKnoll reported earnings per share of $0.60 for its last quarter, surpassing analysts’ expectations, with revenues reaching $961.8 million, reflecting an 8.2% year-over-year growth.
• The company announced a quarterly dividend of $0.1875, representing an annualized dividend yield of 3.5%, despite a negative payout ratio of -133.93%.

Charles Schwab Investment Management Inc. raised its position in MillerKnoll, Inc. (NASDAQ:MLKN - Free Report) by 2.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,343,825 shares of the company's stock after purchasing an additional 30,880 shares during the quarter. Charles Schwab Investment Management Inc. owned about 1.98% of MillerKnoll worth $25,721,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Studio Investment Management LLC increased its position in shares of MillerKnoll by 29.9% in the 4th quarter. Studio Investment Management LLC now owns 2,149 shares of the company's stock valued at $49,000 after purchasing an additional 495 shares during the last quarter. PNC Financial Services Group Inc. boosted its position in shares of MillerKnoll by 3.7% during the 1st quarter. PNC Financial Services Group Inc. now owns 23,877 shares of the company's stock valued at $457,000 after purchasing an additional 859 shares in the last quarter. MetLife Investment Management LLC raised its position in MillerKnoll by 2.7% during the fourth quarter. MetLife Investment Management LLC now owns 41,548 shares of the company's stock valued at $939,000 after acquiring an additional 1,078 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in MillerKnoll by 4.0% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 39,679 shares of the company's stock worth $896,000 after purchasing an additional 1,508 shares in the last quarter. Finally, Sterling Capital Management LLC boosted its holdings in MillerKnoll by 793.5% in the fourth quarter. Sterling Capital Management LLC now owns 2,198 shares of the company's stock worth $50,000 after purchasing an additional 1,952 shares in the last quarter. 87.50% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages recently issued reports on MLKN. Wall Street Zen upgraded shares of MillerKnoll from a "hold" rating to a "buy" rating in a report on Monday, May 12th. Benchmark raised shares of MillerKnoll to a "hold" rating in a research report on Friday, June 27th. Two equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company presently has an average rating of "Hold".

MillerKnoll Stock Down 1.0%

MLKN traded down $0.2150 during trading hours on Monday, hitting $21.9750. 105,138 shares of the company's stock were exchanged, compared to its average volume of 532,276. The company has a quick ratio of 0.94, a current ratio of 1.58 and a debt-to-equity ratio of 1.03. The stock's 50-day moving average is $19.80 and its two-hundred day moving average is $18.90. MillerKnoll, Inc. has a 1-year low of $15.25 and a 1-year high of $30.56. The stock has a market cap of $1.49 billion, a price-to-earnings ratio of -39.24, a PEG ratio of 1.02 and a beta of 1.22.

MillerKnoll (NASDAQ:MLKN - Get Free Report) last announced its quarterly earnings data on Wednesday, June 25th. The company reported $0.60 EPS for the quarter, beating analysts' consensus estimates of $0.44 by $0.16. MillerKnoll had a negative net margin of 1.01% and a positive return on equity of 10.44%. The company had revenue of $961.80 million during the quarter, compared to the consensus estimate of $913.80 million. During the same quarter last year, the firm posted $0.67 EPS. The company's quarterly revenue was up 8.2% on a year-over-year basis. MillerKnoll has set its Q1 2026 guidance at 0.320-0.38 EPS. Sell-side analysts predict that MillerKnoll, Inc. will post 2.12 earnings per share for the current fiscal year.

MillerKnoll Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Sunday, August 31st will be given a $0.1875 dividend. The ex-dividend date is Friday, August 29th. This represents a $0.75 dividend on an annualized basis and a dividend yield of 3.4%. MillerKnoll's payout ratio is -133.93%.

About MillerKnoll

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.