KLP Kapitalforvaltning AS Makes New Investment in MillerKnoll, Inc. (NASDAQ:MLKN)

KLP Kapitalforvaltning AS purchased a new stake in shares of MillerKnoll, Inc. (NASDAQ:MLKN - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 14,900 shares of the company's stock, valued at approximately $339,000.

Other institutional investors have also modified their holdings of the company. FMR LLC raised its stake in shares of MillerKnoll by 939.8% during the 3rd quarter. FMR LLC now owns 38,784 shares of the company's stock worth $960,000 after acquiring an additional 35,054 shares in the last quarter. Jane Street Group LLC grew its holdings in MillerKnoll by 56.6% in the third quarter. Jane Street Group LLC now owns 90,960 shares of the company's stock worth $2,252,000 after purchasing an additional 32,861 shares during the last quarter. Forager Capital Management LLC increased its position in shares of MillerKnoll by 45.9% during the third quarter. Forager Capital Management LLC now owns 953,841 shares of the company's stock worth $23,617,000 after purchasing an additional 300,000 shares in the last quarter. Smartleaf Asset Management LLC lifted its holdings in shares of MillerKnoll by 458.4% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,463 shares of the company's stock valued at $33,000 after purchasing an additional 1,201 shares during the last quarter. Finally, Amundi lifted its holdings in shares of MillerKnoll by 207.3% during the 4th quarter. Amundi now owns 40,433 shares of the company's stock valued at $884,000 after purchasing an additional 27,276 shares during the last quarter. 87.50% of the stock is currently owned by institutional investors.

MillerKnoll Stock Performance

Shares of NASDAQ:MLKN traded down $1.18 during midday trading on Thursday, reaching $16.55. The company's stock had a trading volume of 826,356 shares, compared to its average volume of 605,759. The stock has a fifty day moving average of $20.17 and a 200 day moving average of $22.44. The firm has a market capitalization of $1.12 billion, a PE ratio of 18.19, a P/E/G ratio of 0.89 and a beta of 1.05. MillerKnoll, Inc. has a twelve month low of $15.91 and a twelve month high of $31.73. The company has a quick ratio of 0.99, a current ratio of 1.60 and a debt-to-equity ratio of 1.02.

MillerKnoll (NASDAQ:MLKN - Get Free Report) last announced its quarterly earnings results on Wednesday, March 26th. The company reported $0.44 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.44. The company had revenue of $876.20 million during the quarter, compared to the consensus estimate of $918.88 million. MillerKnoll had a return on equity of 10.74% and a net margin of 1.81%. MillerKnoll's revenue for the quarter was up .4% on a year-over-year basis. During the same period in the previous year, the company posted $0.45 earnings per share. On average, equities analysts expect that MillerKnoll, Inc. will post 2.12 EPS for the current fiscal year.

MillerKnoll Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Saturday, March 1st will be issued a dividend of $0.1875 per share. This represents a $0.75 dividend on an annualized basis and a yield of 4.53%. The ex-dividend date of this dividend is Friday, February 28th. MillerKnoll's dividend payout ratio (DPR) is presently 178.57%.

Analyst Ratings Changes

Several research analysts recently weighed in on the company. Sidoti upgraded MillerKnoll to a "hold" rating in a research note on Tuesday, March 25th. StockNews.com lowered shares of MillerKnoll from a "buy" rating to a "hold" rating in a research note on Saturday, March 29th.

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.