Douglas Lane & Associates LLC Cuts Stake in MillerKnoll, Inc. $MLKN

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 reduced its position in shares of MillerKnoll, Inc. (NASDAQ:MLKN - Free Report) by 10.0% in the second quarter, according to its most recent filing with the SEC. The fund owned 224,286 shares of the company's stock after selling 24,922 shares during the quarter. Douglas Lane & Associates LLC owned about 0.33% of MillerKnoll worth $4,356,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Studio Investment Management LLC boosted its position 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 valued at $49,000 after acquiring an additional 495 shares during the last quarter. Hsbc Holdings PLC boosted its position in shares of MillerKnoll by 7.8% during the 1st quarter. Hsbc Holdings PLC now owns 10,350 shares of the company's stock valued at $201,000 after acquiring an additional 753 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of MillerKnoll by 2.0% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 40,480 shares of the company's stock valued at $775,000 after acquiring an additional 801 shares during the last quarter. PNC Financial Services Group Inc. boosted its position 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 valued at $457,000 after acquiring an additional 859 shares during the last quarter. Finally, State of Wyoming boosted its position in shares of MillerKnoll by 23.6% during the 4th quarter. State of Wyoming now owns 11,241 shares of the company's stock valued at $254,000 after acquiring an additional 2,149 shares during the last quarter. 87.50% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on MLKN. Wall Street Zen downgraded MillerKnoll from a "buy" rating to a "hold" rating in a research report on Sunday, September 14th. Benchmark upgraded MillerKnoll to a "hold" rating in a research report on Friday, June 27th. Finally, Zacks Research upgraded MillerKnoll from a "strong sell" rating to a "hold" rating in a research report on Monday, August 25th. Three equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, MillerKnoll presently has a consensus rating of "Hold".

MillerKnoll Trading Down 0.8%

Shares of NASDAQ:MLKN traded down $0.17 on Friday, hitting $20.27. 172,718 shares of the company's stock were exchanged, compared to its average volume of 516,216. MillerKnoll, Inc. has a 12 month low of $15.25 and a 12 month high of $25.96. The stock has a market capitalization of $1.39 billion, a price-to-earnings ratio of -36.21, a price-to-earnings-growth ratio of 0.92 and a beta of 1.25. The business's 50 day simple moving average is $20.46 and its two-hundred day simple moving average is $18.77. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.58 and a quick ratio of 0.94.

MillerKnoll (NASDAQ:MLKN - Get Free Report) last released its earnings results 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. MillerKnoll had a positive return on equity of 10.44% and a negative net margin of 1.01%.The business had revenue of $961.80 million during the quarter, compared to the consensus estimate of $913.80 million. During the same period last year, the company earned $0.67 earnings per share. The business's revenue for the quarter was up 8.2% compared to the same quarter last year. MillerKnoll has set its Q1 2026 guidance at 0.320-0.38 EPS. Analysts anticipate that MillerKnoll, Inc. will post 2.12 EPS for the current fiscal year.

MillerKnoll Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Sunday, August 31st will be paid a dividend of $0.1875 per share. The ex-dividend date is Friday, August 29th. This represents a $0.75 annualized dividend and a dividend yield of 3.7%. MillerKnoll's dividend payout ratio (DPR) 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.