Rhumbline Advisers Has $4.05 Million Stock Position in MillerKnoll, Inc. $MLKN

Key Points

• Rhumbline Advisers reduced its stake in MillerKnoll, Inc. by 5.5%, now holding approximately 211,824 shares valued at $4,054,000.
• Most recent ratings from analysts indicate a cautious stance, with MillerKnoll being upgraded to a "hold" by Benchmark and downgraded by Wall Street Zen, resulting in an average rating of "Hold."
• MillerKnoll announced a quarterly dividend of $0.1875 per share, reflecting an annualized dividend yield of 3.7% despite a negative payout ratio.

Rhumbline Advisers trimmed its position in shares of MillerKnoll, Inc. (NASDAQ:MLKN - Free Report) by 5.5% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 211,824 shares of the company's stock after selling 12,320 shares during the quarter. Rhumbline Advisers owned 0.31% of MillerKnoll worth $4,054,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Studio Investment Management LLC raised its position in MillerKnoll by 29.9% in the 4th quarter. Studio Investment Management LLC now owns 2,149 shares of the company's stock valued at $49,000 after purchasing an additional 495 shares in the last quarter. Summit Securities Group LLC acquired a new position in shares of MillerKnoll in the first quarter valued at approximately $70,000. Headlands Technologies LLC boosted its stake in shares of MillerKnoll by 816.5% in the first quarter. Headlands Technologies LLC now owns 7,213 shares of the company's stock valued at $138,000 after buying an additional 6,426 shares in the last quarter. Allianz Asset Management GmbH purchased a new stake in shares of MillerKnoll in the first quarter valued at approximately $201,000. Finally, Hsbc Holdings PLC boosted its position in MillerKnoll by 7.8% during the first quarter. Hsbc Holdings PLC now owns 10,350 shares of the company's stock worth $201,000 after purchasing an additional 753 shares in the last quarter. 87.50% of the stock is currently owned by hedge funds and other institutional investors.

MillerKnoll Price Performance

Shares of NASDAQ:MLKN traded down $0.41 during trading on Friday, reaching $20.03. The stock had a trading volume of 925,212 shares, compared to its average volume of 360,003. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.58 and a quick ratio of 0.94. The business's 50-day moving average price is $20.44 and its 200 day moving average price is $18.77. MillerKnoll, Inc. has a 52 week low of $15.25 and a 52 week high of $25.96. The stock has a market capitalization of $1.37 billion, a PE ratio of -35.77, a P/E/G ratio of 0.94 and a beta of 1.25.

MillerKnoll (NASDAQ:MLKN - Get Free Report) last issued its earnings results on Wednesday, June 25th. The company reported $0.60 EPS for the quarter, beating the consensus estimate 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 negative net margin of 1.01% and a positive return on equity of 10.44%. The business's revenue for the quarter was up 8.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.67 EPS. MillerKnoll has set its Q1 2026 guidance at 0.320-0.38 EPS. As a group, equities 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. Investors of record on Sunday, August 31st will be given a $0.1875 dividend. The ex-dividend date is Friday, August 29th. This represents a $0.75 dividend on an annualized basis and a dividend yield of 3.7%. MillerKnoll's dividend payout ratio is currently -133.93%.

Analyst Upgrades and Downgrades

Several research firms recently commented on MLKN. Zacks Research upgraded MillerKnoll from a "strong sell" rating to a "hold" rating in a research note on Monday, August 25th. Benchmark upgraded MillerKnoll to a "hold" rating in a research report on Friday, June 27th. Finally, Wall Street Zen lowered MillerKnoll from a "buy" rating to a "hold" rating in a research note on Sunday, September 14th. Three research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company 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.