Intech Investment Management LLC Has $2.51 Million Stock Position in MillerKnoll, Inc. $MLKN

Key Points

• Intech Investment Management LLC increased its stake in MillerKnoll, Inc. by 20.4%, acquiring an additional 22,238 shares, bringing its total ownership to approximately 131,134 shares worth $2,510,000.
• Several institutional investors, including Raymond James Financial Inc. and Jane Street Group LLC, made significant increases to their shares in MillerKnoll during the first quarter, highlighting strong institutional interest with 87.50% of the company's stock held by such investors.
• MillerKnoll recently announced a quarterly dividend of $0.1875 per share, resulting in a dividend yield of 3.7%, although its dividend payout ratio is currently negative at -133.93%.

Intech Investment Management LLC lifted its stake in MillerKnoll, Inc. (NASDAQ:MLKN - Free Report) by 20.4% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 131,134 shares of the company's stock after purchasing an additional 22,238 shares during the quarter. Intech Investment Management LLC owned about 0.19% of MillerKnoll worth $2,510,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the stock. Fuller & Thaler Asset Management Inc. raised its stake in MillerKnoll by 7.9% during the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 2,329,264 shares of the company's stock valued at $44,582,000 after buying an additional 170,504 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of MillerKnoll by 2.4% during the first quarter. Charles Schwab Investment Management Inc. now owns 1,343,825 shares of the company's stock valued at $25,721,000 after buying an additional 30,880 shares during the last quarter. LSV Asset Management boosted its holdings in MillerKnoll by 36.4% in the first quarter. LSV Asset Management now owns 1,280,484 shares of the company's stock valued at $24,508,000 after purchasing an additional 342,048 shares during the last quarter. Wellington Management Group LLP boosted its stake in shares of MillerKnoll by 11.0% during the 1st quarter. Wellington Management Group LLP now owns 892,863 shares of the company's stock worth $17,089,000 after acquiring an additional 88,758 shares in the last quarter. Finally, Millennium Management LLC raised its holdings in MillerKnoll by 43.7% in the 4th quarter. Millennium Management LLC now owns 877,809 shares of the company's stock valued at $19,830,000 after acquiring an additional 267,097 shares during the last quarter. 87.50% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

MLKN has been the subject of several recent research reports. Benchmark raised shares of MillerKnoll to a "hold" rating in a research report on Friday, June 27th. Wall Street Zen lowered shares of MillerKnoll from a "buy" rating to a "hold" rating in a research report on Sunday, September 14th. Finally, Zacks Research upgraded shares of MillerKnoll from a "strong sell" rating to a "hold" rating in a report on Monday, August 25th. Three analysts have rated the stock with a Hold rating, According to data from MarketBeat, MillerKnoll has a consensus rating of "Hold".

MillerKnoll Price Performance

MillerKnoll stock traded down $0.41 during trading hours on Friday, hitting $20.03. 925,212 shares of the company traded hands, compared to its average volume of 360,003. The firm has a market cap of $1.37 billion, a P/E ratio of -35.77, a P/E/G ratio of 0.94 and a beta of 1.25. 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 firm's 50-day simple moving average is $20.44 and its two-hundred day simple moving average is $18.77. MillerKnoll, Inc. has a 1-year low of $15.25 and a 1-year high of $25.96.

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

MillerKnoll Announces Dividend

The company also recently announced 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. This represents a $0.75 annualized dividend and a dividend yield of 3.7%. The ex-dividend date of this dividend is Friday, August 29th. MillerKnoll's dividend payout ratio (DPR) is -133.93%.

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.