Northern Trust Corp raised its position in shares of MillerKnoll, Inc. (NASDAQ:MLKN - Free Report) by 8.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 812,549 shares of the company's stock after buying an additional 63,494 shares during the period. Northern Trust Corp owned about 1.19% of MillerKnoll worth $18,355,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors have also modified their holdings of the company. Smartleaf Asset Management LLC boosted its position in shares of 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 boosted its holdings in MillerKnoll by 228.8% in the fourth 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 period. Sterling Capital Management LLC boosted its holdings in MillerKnoll by 793.5% in the fourth 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 period. KBC Group NV boosted its holdings in MillerKnoll by 62.9% in the fourth quarter. KBC Group NV now owns 3,319 shares of the company's stock valued at $75,000 after purchasing an additional 1,281 shares during the period. Finally, Dark Forest Capital Management LP purchased a new position in MillerKnoll in the fourth quarter valued at $221,000. 87.50% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
MLKN has been the subject of a number of recent research reports. StockNews.com upgraded MillerKnoll from a "hold" rating to a "buy" rating in a report on Monday, May 12th. Sidoti upgraded MillerKnoll to a "hold" rating in a report on Tuesday, March 25th.
Read Our Latest Stock Report on MillerKnoll
MillerKnoll Stock Down 0.2%
NASDAQ MLKN traded down $0.04 during trading on Friday, reaching $17.69. 345,261 shares of the company's stock were exchanged, compared to its average volume of 602,028. The stock has a market cap of $1.20 billion, a P/E ratio of 19.44, a price-to-earnings-growth ratio of 0.89 and a beta of 1.17. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.99 and a current ratio of 1.60. The company has a 50 day moving average price of $17.43 and a two-hundred day moving average price of $21.05. 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 announced its quarterly earnings results on Wednesday, March 26th. The company reported $0.44 earnings per share (EPS) for the quarter, hitting 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 business earned $0.45 EPS. On average, equities research analysts anticipate that MillerKnoll, Inc. will post 2.12 EPS for the current fiscal 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 dividend of $0.1875 per share. This represents a $0.75 dividend on an annualized basis and a yield of 4.24%. The ex-dividend date of this dividend is Friday, May 30th. MillerKnoll's dividend payout ratio (DPR) is 178.57%.
About MillerKnoll
(
Free Report)
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.
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