Invesco Ltd. Cuts Holdings in MillerKnoll, Inc. $MLKN

Key Points

• Invesco Ltd. has reduced its stake in MillerKnoll, Inc. by 6.3%, now owning approximately 2.81% of the company, worth around $36.5 million.
• MillerKnoll recently reported earnings of $0.60 per share, exceeding analyst estimates, with a revenue growth of 8.2% year-over-year.
• The company announced a quarterly dividend of $0.1875, equating to an annualized dividend yield of 3.6%, although it has a negative dividend payout ratio of -133.93%.

Invesco Ltd. lowered its stake in shares of MillerKnoll, Inc. (NASDAQ:MLKN - Free Report) by 6.3% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,905,171 shares of the company's stock after selling 128,056 shares during the period. Invesco Ltd. owned 2.81% of MillerKnoll worth $36,465,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. SG Americas Securities LLC acquired a new position in MillerKnoll during the first quarter worth $624,000. US Bancorp DE boosted its stake in MillerKnoll by 11,871.5% during the first quarter. US Bancorp DE now owns 18,915 shares of the company's stock worth $362,000 after buying an additional 18,757 shares during the last quarter. GAMMA Investing LLC boosted its stake in MillerKnoll by 2,189.3% during the first quarter. GAMMA Investing LLC now owns 46,472 shares of the company's stock worth $889,000 after buying an additional 44,442 shares during the last quarter. Northern Trust Corp boosted its stake in MillerKnoll by 8.5% during the fourth quarter. Northern Trust Corp now owns 812,549 shares of the company's stock worth $18,355,000 after buying an additional 63,494 shares during the last quarter. Finally, Barclays PLC boosted its stake in MillerKnoll by 4.9% during the fourth quarter. Barclays PLC now owns 125,186 shares of the company's stock worth $2,828,000 after buying an additional 5,797 shares during the last quarter. Institutional investors and hedge funds own 87.50% of the company's stock.

MillerKnoll Trading Up 6.5%

MLKN traded up $1.35 during mid-day trading on Friday, hitting $22.19. 553,644 shares of the stock were exchanged, compared to its average volume of 366,404. The firm's fifty day moving average is $19.80 and its two-hundred day moving average is $18.92. MillerKnoll, Inc. has a 1-year low of $15.25 and a 1-year high of $30.56. The company has a current ratio of 1.58, a quick ratio of 0.94 and a debt-to-equity ratio of 1.03. The company has a market cap of $1.50 billion, a PE ratio of -39.63, a PEG ratio of 1.02 and a beta of 1.22.

MillerKnoll (NASDAQ:MLKN - Get Free Report) last posted its earnings results on Wednesday, June 25th. The company reported $0.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.44 by $0.16. MillerKnoll had a positive return on equity of 10.44% and a negative net margin of 1.01%.The firm had revenue of $961.80 million for the quarter, compared to analyst estimates of $913.80 million. During the same quarter in the prior year, the company earned $0.67 EPS. MillerKnoll's revenue was up 8.2% on a year-over-year basis. MillerKnoll has set its Q1 2026 guidance at 0.320-0.38 EPS. Equities 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. Investors of record on Sunday, August 31st will be paid a dividend of $0.1875 per share. The ex-dividend date of this dividend is Friday, August 29th. This represents a $0.75 annualized dividend and a yield of 3.4%. MillerKnoll's dividend payout ratio is presently -133.93%.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. Benchmark raised MillerKnoll to a "hold" rating in a research note on Friday, June 27th. Wall Street Zen raised MillerKnoll from a "hold" rating to a "buy" rating in a research note on Monday, May 12th. Two research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold".

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.