Northern Trust Corp Grows Stock Holdings in MillerKnoll, Inc. (NASDAQ:MLKN)

Northern Trust Corp raised its holdings in MillerKnoll, Inc. (NASDAQ:MLKN - Free Report) by 8.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 812,549 shares of the company's stock after purchasing an additional 63,494 shares during the quarter. Northern Trust Corp owned about 1.19% of MillerKnoll worth $18,355,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of the business. Vulcan Value Partners LLC increased its stake in MillerKnoll by 12.8% in the fourth quarter. Vulcan Value Partners LLC now owns 1,252,093 shares of the company's stock valued at $28,285,000 after purchasing an additional 141,936 shares during the period. Two Sigma Securities LLC purchased a new stake in shares of MillerKnoll in the fourth quarter valued at about $291,000. Price T Rowe Associates Inc. MD boosted its holdings in shares of MillerKnoll by 7.5% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 67,048 shares of the company's stock valued at $1,515,000 after acquiring an additional 4,697 shares in the last quarter. Dark Forest Capital Management LP purchased a new stake in shares of MillerKnoll in the fourth quarter valued at about $221,000. Finally, MetLife Investment Management LLC boosted its holdings in shares of MillerKnoll by 2.7% in the fourth quarter. MetLife Investment Management LLC now owns 41,548 shares of the company's stock valued at $939,000 after acquiring an additional 1,078 shares in the last quarter. 87.50% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. Sidoti raised shares of MillerKnoll to a "hold" rating in a report on Tuesday, March 25th. StockNews.com raised shares of MillerKnoll from a "hold" rating to a "buy" rating in a report on Monday, May 12th.

MillerKnoll Stock Performance

Shares of NASDAQ:MLKN traded down $0.36 during midday trading on Monday, hitting $17.33. The stock had a trading volume of 303,325 shares, compared to its average volume of 599,522. The company has a market capitalization of $1.17 billion, a PE ratio of 19.04, a P/E/G ratio of 0.89 and a beta of 1.17. The stock has a 50 day moving average price of $17.39 and a two-hundred day moving average price of $20.99. 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, Inc. has a 1 year low of $15.25 and a 1 year high of $31.73.

MillerKnoll (NASDAQ:MLKN - Get Free Report) last released its quarterly earnings data on Wednesday, March 26th. The company reported $0.44 EPS for the quarter, hitting analysts' consensus estimates of $0.44. The firm had revenue of $876.20 million for 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 firm's revenue was up .4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.45 earnings per share. As a group, equities analysts predict that MillerKnoll, Inc. will post 2.12 earnings per share for the current fiscal year.

MillerKnoll Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Sunday, June 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 4.33%. The ex-dividend date is Friday, May 30th. MillerKnoll's dividend payout ratio is currently 178.57%.

MillerKnoll 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.