Rhumbline Advisers Trims 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 the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 211,824 shares of the company's stock after selling 12,320 shares during the period. Rhumbline Advisers owned approximately 0.31% of MillerKnoll worth $4,054,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Cetera Investment Advisers acquired a new stake in MillerKnoll in the 4th quarter valued at $237,000. Deutsche Bank AG grew its stake in shares of MillerKnoll by 46.1% during the fourth quarter. Deutsche Bank AG now owns 62,155 shares of the company's stock valued at $1,404,000 after acquiring an additional 19,611 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of MillerKnoll by 4.0% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 39,679 shares of the company's stock valued at $896,000 after acquiring an additional 1,508 shares in the last quarter. Millennium Management LLC grew 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 acquiring an additional 267,097 shares in the last quarter. Finally, ProShare Advisors LLC grew its stake in shares of MillerKnoll by 44.4% during the fourth quarter. ProShare Advisors LLC now owns 21,012 shares of the company's stock valued at $475,000 after acquiring an additional 6,457 shares in the last quarter. 87.50% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on MLKN shares. Wall Street Zen downgraded MillerKnoll from a "buy" rating to a "hold" rating in a research note on Sunday. Benchmark upgraded MillerKnoll to a "hold" rating in a research note on Friday, June 27th. Finally, Zacks Research upgraded 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, the company currently has an average rating of "Hold".

MillerKnoll Stock Performance

Shares of NASDAQ MLKN opened at $20.43 on Monday. 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 firm's 50-day moving average price is $20.50 and its two-hundred day moving average price is $18.76. MillerKnoll, Inc. has a 52-week low of $15.25 and a 52-week high of $28.33. The stock has a market capitalization of $1.40 billion, a P/E ratio of -36.48, 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 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 firm had revenue of $961.80 million for the quarter, compared to analysts' expectations of $913.80 million. During the same quarter last year, the company posted $0.67 earnings per share. MillerKnoll'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. As a group, sell-side analysts forecast that MillerKnoll, Inc. will post 2.12 earnings per share for the current year.

MillerKnoll Announces Dividend

The firm also recently declared 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. This represents a $0.75 dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date of this dividend is Friday, August 29th. MillerKnoll's payout ratio is -133.93%.

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.

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