Deutsche Bank AG Makes New Investment in MillerKnoll, Inc. $MLKN

Key Points

• Deutsche Bank acquired 71,232 MillerKnoll shares worth approximately $1.46 million in the second quarter, while institutional investors collectively own 87.5% of the company.
• MillerKnoll exceeded quarterly expectations, reporting $0.55 in earnings per share versus the $0.52 consensus and $1 billion in revenue, up 4.4% year over year.
• The company declared a quarterly dividend of $0.1875 per share, equivalent to a $0.75 annual payout and a 3.2% yield. Analysts maintain a consensus “Hold” rating.

Deutsche Bank AG bought a new stake in MillerKnoll, Inc. (NASDAQ:MLKN - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm bought 71,232 shares of the company's stock, valued at approximately $1,457,000. Deutsche Bank AG owned 0.10% of MillerKnoll as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Versant Capital Management Inc increased its stake in MillerKnoll by 166.5% in the second quarter. Versant Capital Management Inc now owns 1,250 shares of the company's stock valued at $26,000 after acquiring an additional 781 shares during the last quarter. Cassaday & Co Wealth Management LLC acquired a new stake in shares of MillerKnoll in the 1st quarter valued at $26,000. Osaic Holdings Inc. increased its stake in shares of MillerKnoll by 36.5% in the 2nd quarter. Osaic Holdings Inc. now owns 1,941 shares of the company's stock valued at $38,000 after purchasing an additional 519 shares during the last quarter. Lloyd Advisory Services LLC. bought a new position in shares of MillerKnoll in the 4th quarter valued at $46,000. Finally, Harbour Investments Inc. raised its holdings in shares of MillerKnoll by 47.7% during the 4th quarter. Harbour Investments Inc. now owns 3,095 shares of the company's stock worth $57,000 after buying an additional 1,000 shares in the last quarter. Institutional investors own 87.50% of the company's stock.

MillerKnoll Price Performance

Shares of MLKN opened at $23.13 on Friday. MillerKnoll, Inc. has a 12-month low of $13.77 and a 12-month high of $24.71. The business has a 50-day simple moving average of $21.89 and a two-hundred day simple moving average of $18.88. The company has a quick ratio of 0.90, a current ratio of 1.58 and a debt-to-equity ratio of 0.94. The stock has a market cap of $1.58 billion, a PE ratio of 17.52, a PEG ratio of 0.95 and a beta of 1.36.

MillerKnoll (NASDAQ:MLKN - Get Free Report) last posted its earnings results on Wednesday, June 24th. The company reported $0.55 EPS for the quarter, beating the consensus estimate of $0.52 by $0.03. The firm had revenue of $1 billion during the quarter, compared to the consensus estimate of $973.87 million. MillerKnoll had a return on equity of 9.77% and a net margin of 2.38%.The business's quarterly revenue was up 4.4% on a year-over-year basis. During the same period last year, the company earned $0.60 earnings per share. MillerKnoll has set its FY 2027 guidance at 1.850-2.150 EPS and its Q1 2027 guidance at 0.330-0.390 EPS. Analysts anticipate that MillerKnoll, Inc. will post 2.02 earnings per share for the current fiscal year.

MillerKnoll Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Saturday, August 29th will be given a dividend of $0.1875 per share. The ex-dividend date is Friday, August 28th. This represents a $0.75 annualized dividend and a yield of 3.2%. MillerKnoll's dividend payout ratio (DPR) is currently 56.82%.

Wall Street Analysts Forecast Growth

MLKN has been the topic of several research analyst reports. Wall Street Zen lowered MillerKnoll from a "buy" rating to a "hold" rating in a research note on Sunday, July 26th. Weiss Ratings raised MillerKnoll from a "hold (c)" rating to a "hold (c+)" rating in a research note on Tuesday, August 11th. Finally, Zacks Research raised shares of MillerKnoll from a "strong sell" rating to a "hold" rating in a report on Tuesday, May 26th. One investment analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, MillerKnoll presently has an average rating of "Hold".

MillerKnoll Company Profile

MillerKnoll, Inc NASDAQ: MLKN is a global design and manufacturing company specializing in furniture, lighting, textiles, rugs and accessories for residential and commercial environments. The company’s portfolio features well-known brands such as Herman Miller, Knoll, Maharam, Geiger and Tuyama, offering solutions for office, healthcare, education, hospitality and home settings. Products span seating, workstations, tables, storage systems and outdoor furnishings, complemented by a range of services including space planning, ergonomic consulting and installation support.

Formed in July 2021 through the merger of Herman Miller and Knoll, MillerKnoll combines more than a century of design heritage with a modern portfolio of sustainable products and materials.

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