Wellington Management Group LLP Has $28.44 Million Stock Position in MillerKnoll, Inc. $MLKN

Key Points

• Wellington Management increased its MillerKnoll stake by 12.8% in the second quarter, holding 1.39 million shares worth approximately $28.44 million. Institutional investors collectively own 87.5% of the company.
• MillerKnoll reported quarterly EPS of $0.55, beating analyst estimates of $0.52, while revenue reached $1 billion, up 4.4% year over year and above expectations.
• The company declared a quarterly dividend of $0.1875 per share, equivalent to an annualized $0.75 dividend and a 3.3% yield. Analysts’ consensus rating remains “Hold.”

Wellington Management Group LLP increased its position in shares of MillerKnoll, Inc. (NASDAQ:MLKN - Free Report) by 12.8% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,390,128 shares of the company's stock after buying an additional 157,355 shares during the period. Wellington Management Group LLP owned 2.04% of MillerKnoll worth $28,442,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. BlackRock Inc. bought a new stake in MillerKnoll during the second quarter valued at about $213,054,000. Pzena Investment Management LLC acquired a new stake in MillerKnoll in the 2nd quarter valued at approximately $62,049,000. Vanguard Group Inc. increased its position in MillerKnoll by 7.9% in the 4th quarter. Vanguard Group Inc. now owns 8,550,194 shares of the company's stock worth $156,298,000 after buying an additional 623,035 shares during the period. Bank of America Corp DE acquired a new position in shares of MillerKnoll during the second quarter worth approximately $11,499,000. Finally, Bank of New York Mellon Corp acquired a new position in shares of MillerKnoll during the second quarter worth approximately $8,519,000. Institutional investors own 87.50% of the company's stock.

MillerKnoll Stock Up 2.4%

Shares of MLKN opened at $22.92 on Friday. The stock has a market cap of $1.58 billion, a price-to-earnings ratio of 17.36, a P/E/G ratio of 0.92 and a beta of 1.36. The company has a quick ratio of 0.90, a current ratio of 1.58 and a debt-to-equity ratio of 0.94. MillerKnoll, Inc. has a 12 month low of $13.77 and a 12 month high of $24.71. The company has a 50-day moving average price of $22.37 and a two-hundred day moving average price of $18.89.

MillerKnoll (NASDAQ:MLKN - Get Free Report) last issued its earnings results on Wednesday, June 24th. The company reported $0.55 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.52 by $0.03. The business had revenue of $1 billion during the quarter, compared to analysts' expectations of $973.87 million. MillerKnoll had a return on equity of 9.77% and a net margin of 2.38%.MillerKnoll's quarterly revenue was up 4.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.60 EPS. MillerKnoll has set its FY 2027 guidance at 1.850-2.150 EPS and its Q1 2027 guidance at 0.330-0.390 EPS. Equities analysts predict that MillerKnoll, Inc. will post 2.02 EPS for the current fiscal year.

MillerKnoll Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Saturday, August 29th will be given a dividend of $0.1875 per share. The ex-dividend date is Friday, August 28th. This represents a $0.75 dividend on an annualized basis and a dividend yield of 3.3%. MillerKnoll's dividend payout ratio (DPR) is 56.82%.

Analyst Ratings Changes

Several brokerages have recently issued reports on MLKN. Weiss Ratings upgraded shares of MillerKnoll from a "hold (c)" rating to a "hold (c+)" rating in a research note on Tuesday, August 11th. Zacks Research upgraded shares of MillerKnoll from a "strong sell" rating to a "hold" rating in a research report on Tuesday, May 26th. Finally, Wall Street Zen downgraded shares of MillerKnoll from a "buy" rating to a "hold" rating in a report on Sunday, July 26th. One analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold".

MillerKnoll Profile

MillerKnoll, Inc NASDAQ: MLKN is a global design and manufacturing company specializing in furniture, lighting, textiles, rugs and accessories for residential and commercial environments. The company’s portfolio features well-known brands such as Herman Miller, Knoll, Maharam, Geiger and Tuyama, offering solutions for office, healthcare, education, hospitality and home settings. Products span seating, workstations, tables, storage systems and outdoor furnishings, complemented by a range of services including space planning, ergonomic consulting and installation support.

Formed in July 2021 through the merger of Herman Miller and Knoll, MillerKnoll combines more than a century of design heritage with a modern portfolio of sustainable products and materials.

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