MillerKnoll, Inc. $MLKN Shares Sold by Vanguard Group Inc.

Key Points

• Vanguard Group Inc. reduced its stake in MillerKnoll, Inc. by 3.3% in Q1, ending with 8,027,225 shares worth approximately $153.64 million.
• MillerKnoll reported Q2 earnings of $0.60 per share, surpassing analysts' expectations of $0.44, with revenue up 8.2% year-over-year.
• The company announced a quarterly dividend of $0.1875 per share, representing an annualized yield of 3.5%, despite a negative dividend payout ratio of -133.93%.

Vanguard Group Inc. decreased its holdings in shares of MillerKnoll, Inc. (NASDAQ:MLKN - Free Report) by 3.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,027,225 shares of the company's stock after selling 275,300 shares during the period. Vanguard Group Inc. owned approximately 11.85% of MillerKnoll worth $153,641,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Studio Investment Management LLC boosted its position in MillerKnoll by 29.9% in the fourth quarter. Studio Investment Management LLC now owns 2,149 shares of the company's stock worth $49,000 after purchasing an additional 495 shares during the last quarter. Sterling Capital Management LLC grew its position in MillerKnoll by 793.5% during the fourth quarter. Sterling Capital Management LLC now owns 2,198 shares of the company's stock valued at $50,000 after buying an additional 1,952 shares during the period. Allianz Asset Management GmbH bought a new position in MillerKnoll during the first quarter valued at about $201,000. Dark Forest Capital Management LP bought a new position in MillerKnoll during the fourth quarter valued at about $221,000. Finally, Cetera Investment Advisers purchased a new stake in shares of MillerKnoll in the 4th quarter valued at about $237,000. Institutional investors and hedge funds own 87.50% of the company's stock.

MillerKnoll Trading Down 1.0%

Shares of MLKN traded down $0.2150 during mid-day trading on Monday, reaching $21.9750. 105,138 shares of the company's stock traded hands, compared to its average volume of 532,276. The stock has a market cap of $1.49 billion, a P/E ratio of -39.24, a P/E/G ratio of 1.02 and a beta of 1.22. The stock's 50-day moving average is $19.80 and its two-hundred day moving average is $18.90. MillerKnoll, Inc. has a 12 month low of $15.25 and a 12 month high of $30.56. 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 announced its quarterly earnings data 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 company had revenue of $961.80 million for the quarter, compared to analysts' expectations of $913.80 million. During the same quarter in the prior year, the firm earned $0.67 earnings per share. MillerKnoll's revenue was up 8.2% compared to the same quarter last year. MillerKnoll has set its Q1 2026 guidance at 0.320-0.38 EPS. Research analysts forecast that MillerKnoll, Inc. will post 2.12 earnings per share for the current fiscal year.

MillerKnoll Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Sunday, August 31st will be issued a dividend of $0.1875 per share. The ex-dividend date is Friday, August 29th. This represents a $0.75 dividend on an annualized basis and a yield of 3.4%. MillerKnoll's dividend payout ratio is currently -133.93%.

Wall Street Analyst Weigh In

Several research firms have weighed in on MLKN. Benchmark raised MillerKnoll to a "hold" rating in a report on Friday, June 27th. Wall Street Zen raised MillerKnoll from a "hold" rating to a "buy" rating in a report on Monday, May 12th. Two investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock presently has an average rating of "Hold".

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.