Russell Investments Group Ltd. Has $9.11 Million Position in MillerKnoll, Inc. $MLKN

Key Points

• Russell Investments Group Ltd. increased its holdings in MillerKnoll, Inc. by 9.7%, now owning 475,770 shares worth approximately $9.1 million.
• MillerKnoll recently announced a quarterly dividend of $0.1875 per share, with an annualized yield of 3.6% despite a negative dividend payout ratio of -133.93%.
• Analysts have raised their ratings on MillerKnoll shares, with Wall Street Zen upgrading them from "hold" to "buy".

Russell Investments Group Ltd. boosted its position in shares of MillerKnoll, Inc. (NASDAQ:MLKN - Free Report) by 9.7% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 475,770 shares of the company's stock after acquiring an additional 41,886 shares during the period. Russell Investments Group Ltd. owned 0.70% of MillerKnoll worth $9,106,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. SG Americas Securities LLC acquired a new position in MillerKnoll during the 1st quarter worth $624,000. US Bancorp DE raised its position in shares of MillerKnoll by 11,871.5% during the first quarter. US Bancorp DE now owns 18,915 shares of the company's stock valued at $362,000 after buying an additional 18,757 shares during the last quarter. GAMMA Investing LLC raised its position in shares of MillerKnoll by 2,189.3% during the first quarter. GAMMA Investing LLC now owns 46,472 shares of the company's stock valued at $889,000 after buying an additional 44,442 shares during the last quarter. Northern Trust Corp raised its position in shares of MillerKnoll by 8.5% during the fourth quarter. Northern Trust Corp now owns 812,549 shares of the company's stock valued at $18,355,000 after buying an additional 63,494 shares during the last quarter. Finally, Barclays PLC raised its position in shares of MillerKnoll by 4.9% during the fourth quarter. Barclays PLC now owns 125,186 shares of the company's stock valued at $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.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on MLKN shares. Wall Street Zen raised shares of MillerKnoll from a "hold" rating to a "buy" rating in a research report on Monday, May 12th. Benchmark raised shares of MillerKnoll to a "hold" rating in a research report on Friday, June 27th. Two research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, MillerKnoll currently has a consensus rating of "Hold".

MillerKnoll Price Performance

Shares of NASDAQ 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 374,537. The company has a market cap of $1.50 billion, a P/E ratio of -39.63, a PEG ratio of 1.02 and a beta of 1.22. The stock's fifty day simple moving average is $19.80 and its two-hundred day simple moving average is $18.90. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.94 and a current ratio of 1.58. MillerKnoll, Inc. has a twelve month low of $15.25 and a twelve month high of $30.56.

MillerKnoll (NASDAQ:MLKN - Get Free Report) last posted its quarterly earnings data on Wednesday, June 25th. The company reported $0.60 earnings per share for the quarter, topping the consensus estimate of $0.44 by $0.16. The company had revenue of $961.80 million during the quarter, compared to analyst estimates of $913.80 million. MillerKnoll had a negative net margin of 1.01% and a positive return on equity of 10.44%. The company's revenue was up 8.2% on a year-over-year basis. During the same quarter last year, the business posted $0.67 earnings per share. 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 EPS for the current fiscal year.

MillerKnoll Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Sunday, August 31st will be issued 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 dividend yield of 3.4%. MillerKnoll's dividend payout ratio (DPR) is presently -133.93%.

About MillerKnoll

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.