192,546 Shares in MillerKnoll, Inc. $MLKN Bought by Nuveen LLC

Key Points

• Nuveen LLC acquired a new stake in MillerKnoll, Inc. worth approximately $3.7 million, owning 0.28% of the company as of the latest filing.
• MillerKnoll reported a quarterly earnings per share (EPS) of $0.60, surpassing expectations of $0.44, and its revenue increased by 8.2% year-over-year to nearly $962 million.
• The company declared a quarterly dividend of $0.1875, yielding 3.5%, with a payout ratio currently at -133.93%.

Nuveen LLC acquired a new stake in MillerKnoll, Inc. (NASDAQ:MLKN - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 192,546 shares of the company's stock, valued at approximately $3,685,000. Nuveen LLC owned about 0.28% of MillerKnoll at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. boosted its holdings in shares of MillerKnoll by 2.4% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,343,825 shares of the company's stock valued at $25,721,000 after buying an additional 30,880 shares during the last quarter. SG Americas Securities LLC acquired a new stake in shares of MillerKnoll in the 1st quarter valued at approximately $624,000. US Bancorp DE boosted its holdings in shares of MillerKnoll by 11,871.5% in the 1st 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 boosted its holdings in shares of MillerKnoll by 2,189.3% in the 1st 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. Finally, Northern Trust Corp boosted its holdings in shares of MillerKnoll by 8.5% in the 4th 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. Institutional investors and hedge funds own 87.50% of the company's stock.

MillerKnoll Stock Performance

Shares of MLKN traded down $0.37 during midday trading on Tuesday, reaching $20.74. 303,343 shares of the stock were exchanged, compared to its average volume of 353,197. MillerKnoll, Inc. has a twelve month low of $15.25 and a twelve month high of $29.29. The company has a quick ratio of 0.94, a current ratio of 1.58 and a debt-to-equity ratio of 1.03. The company has a market cap of $1.41 billion, a P/E ratio of -37.04, a PEG ratio of 0.97 and a beta of 1.25. The stock's 50 day simple moving average is $20.39 and its 200 day simple moving average is $18.87.

MillerKnoll (NASDAQ:MLKN - Get Free Report) last posted its earnings results on Wednesday, June 25th. The company reported $0.60 earnings per share for the quarter, topping analysts' consensus estimates 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 during the quarter, compared to the consensus estimate of $913.80 million. During the same quarter last year, the firm earned $0.67 earnings per share. The company's revenue was up 8.2% on a year-over-year basis. MillerKnoll has set its Q1 2026 guidance at 0.320-0.38 EPS. On average, sell-side analysts expect that MillerKnoll, Inc. will post 2.12 earnings per share for the current year.

MillerKnoll Announces Dividend

The company also recently announced 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 dividend on an annualized basis and a dividend yield of 3.6%. MillerKnoll's dividend payout ratio (DPR) is currently -133.93%.

Analyst Upgrades and Downgrades

MLKN has been the subject of a number of research analyst reports. Benchmark raised shares of MillerKnoll to a "hold" rating in a research report on Friday, June 27th. Wall Street Zen raised shares of MillerKnoll from a "hold" rating to a "buy" rating in a research report on Monday, May 12th. Finally, Zacks Research raised shares of MillerKnoll from a "strong sell" rating to a "hold" rating in a research report on Monday, August 25th. Three investment analysts have rated the stock with a Hold rating, According to MarketBeat, MillerKnoll has a consensus 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.