MillerKnoll, Inc. $MLKN Shares Sold by Douglas Lane & Associates LLC

Key Points

• Douglas Lane & Associates LLC has reduced its stake in MillerKnoll, Inc. by 10% to a total of 224,286 shares, now representing approximately 0.33% of the company's stock.
• MillerKnoll reported a quarterly earnings per share of $0.60, surpassing analyst estimates, with a year-over-year revenue increase of 8.2%.
• The company declared a quarterly dividend of $0.1875 per share, set to be paid on October 15th, with a current annualized dividend yield of 3.7%.

Douglas Lane & Associates LLC decreased its stake in MillerKnoll, Inc. (NASDAQ:MLKN - Free Report) by 10.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 224,286 shares of the company's stock after selling 24,922 shares during the period. Douglas Lane & Associates LLC owned approximately 0.33% of MillerKnoll worth $4,356,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Studio Investment Management LLC lifted its stake in shares of MillerKnoll by 29.9% in the fourth quarter. Studio Investment Management LLC now owns 2,149 shares of the company's stock valued at $49,000 after purchasing an additional 495 shares during the period. Summit Securities Group LLC acquired a new stake in shares of MillerKnoll in the first quarter valued at about $70,000. Headlands Technologies LLC lifted its stake in shares of MillerKnoll by 816.5% in the first quarter. Headlands Technologies LLC now owns 7,213 shares of the company's stock valued at $138,000 after purchasing an additional 6,426 shares during the period. Allianz Asset Management GmbH acquired a new stake in shares of MillerKnoll in the first quarter valued at about $201,000. Finally, Hsbc Holdings PLC lifted its stake in shares of MillerKnoll by 7.8% in the first quarter. Hsbc Holdings PLC now owns 10,350 shares of the company's stock valued at $201,000 after purchasing an additional 753 shares during the period. Institutional investors and hedge funds own 87.50% of the company's stock.

MillerKnoll Stock Performance

NASDAQ:MLKN opened at $20.43 on Monday. The firm has a 50 day simple moving average of $20.50 and a 200-day simple moving average of $18.76. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.58 and a quick ratio of 0.94. The firm has a market cap of $1.40 billion, a PE ratio of -36.48, a P/E/G ratio of 0.94 and a beta of 1.25. MillerKnoll, Inc. has a 1-year low of $15.25 and a 1-year high of $28.33.

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, beating analysts' consensus estimates of $0.44 by $0.16. The business 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 in the previous year, the business posted $0.67 earnings per share. MillerKnoll has set its Q1 2026 guidance at 0.320-0.38 EPS. On average, equities analysts expect that MillerKnoll, Inc. will post 2.12 EPS for the current 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 given a $0.1875 dividend. This represents a $0.75 dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date of this dividend is Friday, August 29th. MillerKnoll's payout ratio is currently -133.93%.

Wall Street Analysts Forecast Growth

Several analysts recently commented on MLKN shares. Zacks Research upgraded shares of MillerKnoll from a "strong sell" rating to a "hold" rating in a research note on Monday, August 25th. Benchmark upgraded shares of MillerKnoll to a "hold" rating in a research report on Friday, June 27th. Finally, Wall Street Zen cut shares of MillerKnoll from a "buy" rating to a "hold" rating in a research report on Sunday. Three equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company has an average rating of "Hold".

MillerKnoll Company 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.

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