Deutsche Bank AG Grows Holdings in MillerKnoll, Inc. (NASDAQ:MLKN)

Deutsche Bank AG increased its position in shares of MillerKnoll, Inc. (NASDAQ:MLKN - Free Report) by 46.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 62,155 shares of the company's stock after purchasing an additional 19,611 shares during the period. Deutsche Bank AG owned approximately 0.09% of MillerKnoll worth $1,404,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Deprince Race & Zollo Inc. purchased a new position in shares of MillerKnoll during the fourth quarter valued at approximately $32,283,000. Cresset Asset Management LLC lifted its stake in shares of MillerKnoll by 4.0% during the 4th quarter. Cresset Asset Management LLC now owns 62,639 shares of the company's stock worth $1,427,000 after acquiring an additional 2,433 shares during the last quarter. Cetera Investment Advisers purchased a new position in MillerKnoll during the 4th quarter valued at $237,000. Balyasny Asset Management L.P. increased its stake in MillerKnoll by 82.3% in the fourth quarter. Balyasny Asset Management L.P. now owns 81,769 shares of the company's stock worth $1,847,000 after purchasing an additional 36,907 shares during the period. Finally, AXA S.A. lifted its position in shares of MillerKnoll by 71.4% during the fourth quarter. AXA S.A. now owns 200,269 shares of the company's stock worth $4,524,000 after purchasing an additional 83,427 shares during the last quarter. 87.50% of the stock is currently owned by institutional investors.

MillerKnoll Stock Up 2.4%

MLKN stock traded up $0.41 on Thursday, hitting $17.19. 398,178 shares of the company's stock were exchanged, compared to its average volume of 597,867. The firm has a 50 day moving average price of $17.02 and a two-hundred day moving average price of $20.63. MillerKnoll, Inc. has a 12-month low of $15.25 and a 12-month high of $31.73. The stock has a market cap of $1.16 billion, a P/E ratio of 18.89, a price-to-earnings-growth ratio of 0.89 and a beta of 1.17. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.99 and a current ratio of 1.60.

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

MillerKnoll Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Sunday, June 1st will be paid a dividend of $0.1875 per share. The ex-dividend date of this dividend is Friday, May 30th. This represents a $0.75 annualized dividend and a dividend yield of 4.36%. MillerKnoll's payout ratio is currently 178.57%.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on MLKN shares. Wall Street Zen upgraded shares of MillerKnoll from a "hold" rating to a "buy" rating in a report on Monday, May 12th. Sidoti raised MillerKnoll to a "hold" rating in a research report on Tuesday, March 25th.

MillerKnoll Company 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.