Bank of America Corp DE trimmed its holdings in MillerKnoll, Inc. (NASDAQ:MLKN - Free Report) by 27.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 371,199 shares of the company's stock after selling 138,733 shares during the quarter. Bank of America Corp DE owned about 0.54% of MillerKnoll worth $8,385,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors also recently modified their holdings of the company. Smartleaf Asset Management LLC increased its position in MillerKnoll by 458.4% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,463 shares of the company's stock valued at $33,000 after buying an additional 1,201 shares in the last quarter. Amundi grew its stake in shares of MillerKnoll by 207.3% in the fourth quarter. Amundi now owns 40,433 shares of the company's stock worth $884,000 after acquiring an additional 27,276 shares during the last quarter. Barclays PLC raised its position in shares of MillerKnoll by 37.7% in the 3rd quarter. Barclays PLC now owns 119,389 shares of the company's stock worth $2,957,000 after purchasing an additional 32,686 shares during the last quarter. Empowered Funds LLC raised its position in shares of MillerKnoll by 5.1% in the 4th quarter. Empowered Funds LLC now owns 377,522 shares of the company's stock worth $8,528,000 after purchasing an additional 18,378 shares during the last quarter. Finally, Northern Trust Corp boosted its stake in MillerKnoll by 8.5% in the 4th quarter. Northern Trust Corp now owns 812,549 shares of the company's stock worth $18,355,000 after purchasing an additional 63,494 shares in the last quarter. 87.50% of the stock is currently owned by institutional investors.
MillerKnoll Stock Performance
Shares of NASDAQ:MLKN traded up $0.15 during trading on Thursday, hitting $16.93. The company's stock had a trading volume of 43,545 shares, compared to its average volume of 595,234. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.60 and a quick ratio of 0.99. The firm has a market cap of $1.15 billion, a price-to-earnings ratio of 18.60, a P/E/G ratio of 0.89 and a beta of 1.17. The company has a 50-day moving average of $17.06 and a 200-day moving average of $20.68. MillerKnoll, Inc. has a 12 month low of $15.25 and a 12 month high of $31.73.
MillerKnoll (NASDAQ:MLKN - Get Free Report) last issued its quarterly earnings results on Wednesday, March 26th. The company reported $0.44 earnings per share for the quarter, meeting the consensus estimate of $0.44. The business had revenue of $876.20 million for the quarter, compared to the consensus estimate of $918.88 million. MillerKnoll had a net margin of 1.81% and a return on equity of 10.74%. The company's revenue for the quarter was up .4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.45 earnings per share. On average, sell-side analysts expect that MillerKnoll, Inc. will post 2.12 earnings per share for the current year.
MillerKnoll Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Sunday, June 1st will be paid a dividend of $0.1875 per share. This represents a $0.75 dividend on an annualized basis and a yield of 4.43%. The ex-dividend date is Friday, May 30th. MillerKnoll's payout ratio is presently 178.57%.
Wall Street Analysts Forecast Growth
Several research analysts have recently issued reports on the stock. Wall Street Zen upgraded shares of MillerKnoll from a "hold" rating to a "buy" rating in a research note on Monday, May 12th. Sidoti upgraded shares of MillerKnoll to a "hold" rating in a report on Tuesday, March 25th.
Check Out Our Latest Stock Report on MLKN
About MillerKnoll
(
Free Report)
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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