UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Acquires 25,413 Shares of MillerKnoll, Inc. (NASDAQ:MLKN)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in MillerKnoll, Inc. (NASDAQ:MLKN - Free Report) by 15.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 184,833 shares of the company's stock after buying an additional 25,413 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.27% of MillerKnoll worth $4,175,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Smartleaf Asset Management LLC grew its stake in shares of MillerKnoll by 458.4% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,463 shares of the company's stock worth $33,000 after acquiring an additional 1,201 shares in the last quarter. Studio Investment Management LLC boosted its holdings in MillerKnoll by 29.9% during the fourth quarter. Studio Investment Management LLC now owns 2,149 shares of the company's stock worth $49,000 after purchasing an additional 495 shares during the last quarter. Sterling Capital Management LLC grew its position in MillerKnoll by 793.5% in the 4th quarter. Sterling Capital Management LLC now owns 2,198 shares of the company's stock worth $50,000 after purchasing an additional 1,952 shares in the last quarter. KBC Group NV increased its stake in MillerKnoll by 62.9% in the 4th quarter. KBC Group NV now owns 3,319 shares of the company's stock valued at $75,000 after buying an additional 1,281 shares during the last quarter. Finally, Dark Forest Capital Management LP purchased a new stake in MillerKnoll in the 4th quarter valued at about $221,000. 87.50% of the stock is currently owned by institutional investors.

MillerKnoll Stock Performance

NASDAQ MLKN traded down $0.05 during trading hours on Friday, reaching $17.07. 414,686 shares of the company were exchanged, compared to its average volume of 598,790. MillerKnoll, Inc. has a 1 year low of $15.25 and a 1 year high of $31.73. The business's 50 day simple moving average is $16.75 and its 200-day simple moving average is $20.29. The company has a quick ratio of 0.99, a current ratio of 1.60 and a debt-to-equity ratio of 1.02. The stock has a market capitalization of $1.16 billion, a P/E ratio of 18.76, a P/E/G ratio of 0.89 and a beta of 1.17.

MillerKnoll (NASDAQ:MLKN - Get Free Report) last released its earnings results on Wednesday, March 26th. The company reported $0.44 earnings per share for the quarter, meeting analysts' consensus estimates of $0.44. The firm had revenue of $876.20 million during the quarter, compared to the consensus estimate of $918.88 million. MillerKnoll had a net margin of 1.81% and a return on equity of 10.74%. The company's revenue was up .4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.45 EPS. On average, equities research 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 Tuesday, July 15th. Shareholders of record on Sunday, June 1st will be paid a $0.1875 dividend. The ex-dividend date of this dividend is Friday, May 30th. This represents a $0.75 annualized dividend and a dividend yield of 4.39%. MillerKnoll's payout ratio is presently 178.57%.

Analysts Set New Price Targets

A number of analysts recently commented on the company. Sidoti raised MillerKnoll to a "hold" rating in a research report on Tuesday, March 25th. Wall Street Zen upgraded MillerKnoll from a "hold" rating to a "buy" rating in a research note on Monday, May 12th.

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.