Vanguard Group Inc. Has $187.55 Million Stock Position in MillerKnoll, Inc. (NASDAQ:MLKN)

Vanguard Group Inc. lowered its position in MillerKnoll, Inc. (NASDAQ:MLKN - Free Report) by 3.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 8,302,525 shares of the company's stock after selling 273,805 shares during the quarter. Vanguard Group Inc. owned 12.18% of MillerKnoll worth $187,554,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in the company. Smartleaf Asset Management LLC increased its position in MillerKnoll by 458.4% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,463 shares of the company's stock valued at $33,000 after acquiring an additional 1,201 shares during the period. Avior Wealth Management LLC grew its stake in shares of MillerKnoll by 228.8% in the fourth quarter. Avior Wealth Management LLC now owns 2,081 shares of the company's stock worth $47,000 after purchasing an additional 1,448 shares during the last quarter. KBC Group NV increased 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. Verition Fund Management LLC bought a new position in MillerKnoll during the 3rd quarter worth $210,000. Finally, KLP Kapitalforvaltning AS acquired a new position in MillerKnoll during the 4th quarter worth about $339,000. Institutional investors own 87.50% of the company's stock.

Analysts Set New Price Targets

MLKN has been the subject of several recent research reports. Sidoti raised MillerKnoll to a "hold" rating in a research note on Tuesday, March 25th. StockNews.com downgraded shares of MillerKnoll from a "buy" rating to a "hold" rating in a research report on Saturday, March 29th.

MillerKnoll Trading Down 0.7 %

NASDAQ MLKN traded down $0.11 during mid-day trading on Friday, reaching $16.44. 502,871 shares of the stock were exchanged, compared to its average volume of 605,979. The stock has a market cap of $1.11 billion, a P/E ratio of 18.07, a P/E/G ratio of 0.89 and a beta of 1.05. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.60 and a quick ratio of 0.99. MillerKnoll, Inc. has a one year low of $15.88 and a one year high of $31.73. The stock has a 50 day simple moving average of $20.07 and a 200-day simple moving average of $22.38.

MillerKnoll (NASDAQ:MLKN - Get Free Report) last posted its quarterly earnings data on Wednesday, March 26th. The company reported $0.44 earnings per share 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 analyst estimates of $918.88 million. During the same period last year, the company posted $0.45 EPS. The business's quarterly revenue was up .4% on a year-over-year basis. On average, analysts anticipate that MillerKnoll, Inc. will post 2.12 EPS for the current year.

MillerKnoll Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders 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 dividend yield of 4.56%. The ex-dividend date of this dividend is Friday, February 28th. MillerKnoll's payout ratio is 178.57%.

About MillerKnoll

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.