Wellington Management Group LLP Has $17.09 Million Stock Position in MillerKnoll, Inc. $MLKN

Key Points

• Wellington Management Group LLP has increased its stake in MillerKnoll, Inc. by 11.0%, owning approximately 1.32% of the company worth $17.1 million after acquiring an additional 88,758 shares.
• MillerKnoll recently announced a quarterly dividend of $0.1875, representing an annualized dividend of $0.75 and a yield of 3.5%, despite a reported negative payout ratio of -133.93%.
• The company reported earnings of $0.60 per share, exceeding estimates, with revenue of $961.8 million for the recent quarter, indicating an 8.2% year-over-year growth.

Wellington Management Group LLP increased its position in shares of MillerKnoll, Inc. (NASDAQ:MLKN - Free Report) by 11.0% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 892,863 shares of the company's stock after buying an additional 88,758 shares during the period. Wellington Management Group LLP owned 1.32% of MillerKnoll worth $17,089,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the company. Studio Investment Management LLC boosted its holdings in shares of MillerKnoll by 29.9% during the 4th quarter. Studio Investment Management LLC now owns 2,149 shares of the company's stock worth $49,000 after buying an additional 495 shares during the period. PNC Financial Services Group Inc. boosted its holdings in shares of MillerKnoll by 3.7% during the 1st quarter. PNC Financial Services Group Inc. now owns 23,877 shares of the company's stock worth $457,000 after buying an additional 859 shares during the period. MetLife Investment Management LLC boosted its holdings in shares of MillerKnoll by 2.7% during the 4th quarter. MetLife Investment Management LLC now owns 41,548 shares of the company's stock worth $939,000 after buying an additional 1,078 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of MillerKnoll by 4.0% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 39,679 shares of the company's stock worth $896,000 after buying an additional 1,508 shares during the period. Finally, State of Wyoming boosted its holdings in shares of MillerKnoll by 23.6% during the 4th quarter. State of Wyoming now owns 11,241 shares of the company's stock worth $254,000 after buying an additional 2,149 shares during the period. 87.50% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts recently issued reports on MLKN shares. Zacks Research raised shares of MillerKnoll from a "strong sell" rating to a "hold" rating in a report on Monday, August 25th. Benchmark upgraded shares of MillerKnoll to a "hold" rating in a research note on Friday, June 27th. Finally, Wall Street Zen upgraded shares of MillerKnoll from a "hold" rating to a "buy" rating in a research note on Monday, May 12th. Three analysts have rated the stock with a Hold rating, According to MarketBeat, the company currently has a consensus rating of "Hold".

MillerKnoll Price Performance

Shares of MLKN stock traded down $0.15 during mid-day trading on Monday, reaching $21.11. The company's stock had a trading volume of 326,146 shares, compared to its average volume of 379,791. MillerKnoll, Inc. has a 1-year low of $15.25 and a 1-year high of $29.77. The company has a market cap of $1.43 billion, a P/E ratio of -37.70, a PEG ratio of 0.97 and a beta of 1.25. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.94 and a current ratio of 1.58. The firm's 50-day moving average is $20.33 and its two-hundred day moving average is $18.86.

MillerKnoll (NASDAQ:MLKN - Get Free Report) last announced its quarterly earnings data on Wednesday, June 25th. The company reported $0.60 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.44 by $0.16. MillerKnoll had a negative net margin of 1.01% and a positive return on equity of 10.44%. The company had revenue of $961.80 million during the quarter, compared to analysts' expectations of $913.80 million. During the same quarter in the prior year, the company posted $0.67 EPS. The business'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. On average, research analysts predict that MillerKnoll, Inc. will post 2.12 earnings per share for the current year.

MillerKnoll Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Sunday, August 31st will be paid a $0.1875 dividend. The ex-dividend date is Friday, August 29th. This represents a $0.75 dividend on an annualized basis and a dividend yield of 3.6%. MillerKnoll's dividend payout ratio is currently -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.