Douglas Lane & Associates LLC boosted its position in shares of MillerKnoll, Inc. (NASDAQ:MLKN - Free Report) by 14.9% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 249,208 shares of the company's stock after buying an additional 32,365 shares during the period. Douglas Lane & Associates LLC owned approximately 0.37% of MillerKnoll worth $4,770,000 at the end of the most recent quarter.
Other large investors also recently modified their holdings of the company. Smartleaf Asset Management LLC boosted its stake in MillerKnoll by 458.4% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,463 shares of the company's stock valued at $33,000 after acquiring an additional 1,201 shares during the last quarter. Studio Investment Management LLC raised its holdings in MillerKnoll by 29.9% in the 4th quarter. Studio Investment Management LLC now owns 2,149 shares of the company's stock worth $49,000 after purchasing an additional 495 shares in the last quarter. Sterling Capital Management LLC increased its stake in shares of MillerKnoll by 793.5% in the 4th 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 in the last quarter. KBC Group NV increased its stake in MillerKnoll by 62.9% during the 4th quarter. KBC Group NV now owns 3,319 shares of the company's stock valued at $75,000 after purchasing an additional 1,281 shares in the last quarter. Finally, Dark Forest Capital Management LP bought a new stake in shares of MillerKnoll in the fourth quarter worth approximately $221,000. 87.50% of the stock is currently owned by institutional investors.
MillerKnoll Trading Up 0.5%
Shares of NASDAQ MLKN traded up $0.08 during mid-day trading on Thursday, reaching $17.12. The company had a trading volume of 336,191 shares, compared to its average volume of 597,190. The stock has a market cap of $1.16 billion, a price-to-earnings ratio of 18.81, a price-to-earnings-growth ratio of 0.89 and a beta of 1.17. MillerKnoll, Inc. has a 52 week low of $15.25 and a 52 week high of $31.73. The business's 50-day moving average is $16.79 and its 200-day moving average is $20.38. The company has a current ratio of 1.60, a quick ratio of 0.99 and a debt-to-equity ratio of 1.02.
MillerKnoll (NASDAQ:MLKN - Get Free Report) last posted its quarterly earnings results on Wednesday, March 26th. The company reported $0.44 earnings per share for the quarter, meeting the consensus estimate of $0.44. MillerKnoll had a net margin of 1.81% and a return on equity of 10.74%. The firm had revenue of $876.20 million during the quarter, compared to the consensus estimate of $918.88 million. During the same quarter in the previous year, the firm posted $0.45 earnings per share. The company's revenue was up .4% on a year-over-year basis. Equities analysts expect that MillerKnoll, Inc. will post 2.12 earnings per share for the current year.
MillerKnoll Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Sunday, June 1st will be issued a dividend of $0.1875 per share. This represents a $0.75 annualized dividend and a yield of 4.38%. The ex-dividend date of this dividend is Friday, May 30th. MillerKnoll's payout ratio is 178.57%.
Wall Street Analyst Weigh In
MLKN has been the topic of a number of research reports. Sidoti raised shares of MillerKnoll to a "hold" rating in a report on Tuesday, March 25th. Wall Street Zen raised shares of MillerKnoll from a "hold" rating to a "buy" rating in a research note on Monday, May 12th.
Get Our Latest Stock Analysis on MLKN
About MillerKnoll
(
Free Report)
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.
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