Nuveen LLC Makes New Investment in MillerKnoll, Inc. $MLKN

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 shares of MillerKnoll, Inc. (NASDAQ:MLKN - Free Report) during the 1st quarter, according to its most recent 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.

Several other large investors have also recently modified their holdings of the stock. Dimensional Fund Advisors LP lifted its stake in shares of MillerKnoll by 3.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 3,820,581 shares of the company's stock valued at $86,306,000 after acquiring an additional 121,478 shares during the last quarter. Deprince Race & Zollo Inc. bought a new stake in MillerKnoll in the fourth quarter valued at approximately $32,283,000. Charles Schwab Investment Management Inc. lifted its position in MillerKnoll by 2.4% in the first quarter. Charles Schwab Investment Management Inc. now owns 1,343,825 shares of the company's stock valued at $25,721,000 after purchasing an additional 30,880 shares during the last quarter. LSV Asset Management boosted its stake in shares of MillerKnoll by 36.4% during the first quarter. LSV Asset Management now owns 1,280,484 shares of the company's stock valued at $24,508,000 after purchasing an additional 342,048 shares during the period. Finally, Forager Capital Management LLC boosted its stake in shares of MillerKnoll by 23.9% during the fourth quarter. Forager Capital Management LLC now owns 1,181,841 shares of the company's stock valued at $26,698,000 after purchasing an additional 228,000 shares during the period. Hedge funds and other institutional investors own 87.50% of the company's stock.

MillerKnoll Stock Down 0.7%

Shares of MLKN traded down $0.15 on Friday, reaching $21.11. The stock had a trading volume of 326,146 shares, compared to its average volume of 384,423. The firm has a market capitalization of $1.43 billion, a price-to-earnings ratio of -37.70, a price-to-earnings-growth ratio of 0.98 and a beta of 1.22. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.94 and a current ratio of 1.58. The company has a 50-day simple moving average of $20.25 and a 200-day simple moving average of $18.90. MillerKnoll, Inc. has a 12-month low of $15.25 and a 12-month high of $29.77.

MillerKnoll (NASDAQ:MLKN - Get Free Report) last released its earnings results on Wednesday, June 25th. The company reported $0.60 EPS for the quarter, beating analysts' consensus estimates of $0.44 by $0.16. The company had revenue of $961.80 million during the quarter, compared to analysts' expectations of $913.80 million. MillerKnoll had a positive return on equity of 10.44% and a negative net margin of 1.01%.The firm's revenue for the quarter was up 8.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.67 EPS. MillerKnoll has set its Q1 2026 guidance at 0.320-0.38 EPS. Sell-side analysts predict that MillerKnoll, Inc. will post 2.12 EPS for the current year.

MillerKnoll Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Sunday, August 31st will be given a dividend of $0.1875 per share. This represents a $0.75 dividend on an annualized basis and a yield of 3.6%. The ex-dividend date of this dividend is Friday, August 29th. MillerKnoll's dividend payout ratio (DPR) is -133.93%.

Analyst Ratings Changes

Several brokerages recently commented on MLKN. Wall Street Zen raised shares of MillerKnoll from a "hold" rating to a "buy" rating in a research note on Monday, May 12th. Zacks Research upgraded shares of MillerKnoll from a "strong sell" rating to a "hold" rating in a research report on Monday, August 25th. Finally, Benchmark upgraded shares of MillerKnoll to a "hold" rating in a report on Friday, June 27th. Three equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock 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.