Petrus Trust Company LTA Buys Shares of 17,757 MillerKnoll, Inc. $MLKN

Key Points

• Petrus Trust Company LTA has acquired a new position in MillerKnoll, Inc. by purchasing 17,757 shares valued at approximately $340,000.
• Notable changes by other institutional investors include a 29.9% increase in holdings by Studio Investment Management LLC and an 816.5% increase by Headlands Technologies LLC.
• MillerKnoll recently announced a quarterly dividend of $0.1875 per share, with a yield of 3.6%, despite having a negative dividend payout ratio of -133.93%.

Petrus Trust Company LTA bought a new position in MillerKnoll, Inc. (NASDAQ:MLKN - Free Report) during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 17,757 shares of the company's stock, valued at approximately $340,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of MLKN. 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 in the last quarter. Raymond James Financial Inc. boosted its stake in shares of MillerKnoll by 877.9% during the first quarter. Raymond James Financial Inc. now owns 334,772 shares of the company's stock valued at $6,407,000 after purchasing an additional 300,539 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of MillerKnoll during the fourth quarter valued at approximately $6,576,000. Millennium Management LLC boosted its stake in shares of MillerKnoll by 43.7% during the fourth quarter. Millennium Management LLC now owns 877,809 shares of the company's stock valued at $19,830,000 after purchasing an additional 267,097 shares in the last quarter. Finally, Wellington Management Group LLP boosted its stake in shares of MillerKnoll by 39.9% during the fourth quarter. Wellington Management Group LLP now owns 804,105 shares of the company's stock valued at $18,165,000 after purchasing an additional 229,283 shares in the last quarter. 87.50% of the stock is currently owned by institutional investors.

MillerKnoll Stock Down 3.1%

MLKN traded down $0.66 during trading on Friday, hitting $20.43. The stock had a trading volume of 227,263 shares, compared to its average volume of 346,276. The stock has a 50 day simple moving average of $20.50 and a two-hundred day simple moving average of $18.76. The company has a market capitalization of $1.40 billion, a PE ratio of -36.48, a PEG ratio of 0.94 and a beta of 1.25. MillerKnoll, Inc. has a twelve month low of $15.25 and a twelve month high of $28.33. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.94 and a current ratio of 1.58.

MillerKnoll (NASDAQ:MLKN - Get Free Report) last posted its quarterly earnings results on Wednesday, June 25th. The company reported $0.60 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.44 by $0.16. MillerKnoll had a negative net margin of 1.01% and a positive return on equity of 10.44%. The business had revenue of $961.80 million during the quarter, compared to analysts' expectations of $913.80 million. During the same quarter last year, the company posted $0.67 earnings per share. The business's quarterly 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, research analysts predict that MillerKnoll, Inc. will post 2.12 earnings per share for the current year.

MillerKnoll Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Sunday, August 31st will be issued a $0.1875 dividend. The ex-dividend date of this dividend is Friday, August 29th. This represents a $0.75 dividend on an annualized basis and a yield of 3.7%. MillerKnoll's payout ratio is presently -133.93%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the stock. Benchmark upgraded shares of MillerKnoll to a "hold" rating in a research note on Friday, June 27th. Wall Street Zen downgraded shares of MillerKnoll from a "buy" rating to a "hold" rating in a research note on Sunday. Finally, Zacks Research upgraded shares of MillerKnoll from a "strong sell" rating to a "hold" rating in a research note on Monday, August 25th. Three analysts have rated the stock with a Hold rating, According to 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.