Natixis Takes $526,000 Position in MillerKnoll, Inc. (NASDAQ:MLKN)

Natixis purchased a new stake in MillerKnoll, Inc. (NASDAQ:MLKN - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 23,300 shares of the company's stock, valued at approximately $526,000.

Several other institutional investors have also modified their holdings of the stock. Smartleaf Asset Management LLC increased its position in MillerKnoll by 458.4% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,463 shares of the company's stock worth $33,000 after buying an additional 1,201 shares during the period. Avior Wealth Management LLC raised its position in MillerKnoll by 228.8% in the 4th quarter. Avior Wealth Management LLC now owns 2,081 shares of the company's stock valued at $47,000 after purchasing an additional 1,448 shares during the last quarter. Sterling Capital Management LLC raised 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 valued at $50,000 after purchasing an additional 1,952 shares during the last quarter. KBC Group NV grew its position in MillerKnoll by 62.9% during the 4th quarter. KBC Group NV now owns 3,319 shares of the company's stock worth $75,000 after purchasing an additional 1,281 shares during the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp acquired a new position in MillerKnoll in the fourth quarter valued at $238,000. Hedge funds and other institutional investors own 87.50% of the company's stock.

MillerKnoll Price Performance

Shares of MLKN traded down $0.23 during trading hours on Wednesday, reaching $16.40. The company had a trading volume of 674,997 shares, compared to its average volume of 603,474. The company has a market capitalization of $1.11 billion, a price-to-earnings ratio of 18.02, a PEG ratio of 0.89 and a beta of 1.05. MillerKnoll, Inc. has a 12-month low of $15.25 and a 12-month high of $31.73. The firm has a 50 day simple moving average of $18.44 and a 200-day simple moving average of $21.66. The company has a current ratio of 1.60, a quick ratio of 0.99 and a debt-to-equity ratio of 1.02.

MillerKnoll (NASDAQ:MLKN - Get Free Report) last issued its quarterly earnings data on Wednesday, March 26th. The company reported $0.44 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.44. MillerKnoll had a return on equity of 10.74% and a net margin of 1.81%. The firm had revenue of $876.20 million during the quarter, compared to analysts' expectations of $918.88 million. During the same period in the previous year, the firm posted $0.45 earnings per share. MillerKnoll's revenue was up .4% on a year-over-year basis. Research analysts expect 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 Tuesday, July 15th. Shareholders of record on Sunday, June 1st will be issued a $0.1875 dividend. This represents a $0.75 annualized dividend and a dividend yield of 4.57%. The ex-dividend date of this dividend is Friday, May 30th. MillerKnoll's dividend payout ratio (DPR) is presently 178.57%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on MLKN shares. StockNews.com cut MillerKnoll from a "buy" rating to a "hold" rating in a research report on Saturday, March 29th. Sidoti raised shares of MillerKnoll to a "hold" rating in a report on Tuesday, March 25th.

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.