MillerKnoll, Inc. (NASDAQ:MLKN) Position Lifted by Vulcan Value Partners LLC

Vulcan Value Partners LLC increased its holdings in shares of MillerKnoll, Inc. (NASDAQ:MLKN - Free Report) by 12.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,252,093 shares of the company's stock after purchasing an additional 141,936 shares during the quarter. Vulcan Value Partners LLC owned approximately 1.84% of MillerKnoll worth $28,285,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in MLKN. Barclays PLC lifted its stake in MillerKnoll by 37.7% in the third quarter. Barclays PLC now owns 119,389 shares of the company's stock valued at $2,957,000 after buying an additional 32,686 shares during the last quarter. Franklin Resources Inc. boosted its stake in MillerKnoll by 5.6% during the 3rd quarter. Franklin Resources Inc. now owns 39,928 shares of the company's stock worth $973,000 after purchasing an additional 2,128 shares during the period. Principal Financial Group Inc. grew its position in MillerKnoll by 1.5% during the 3rd quarter. Principal Financial Group Inc. now owns 358,529 shares of the company's stock worth $8,877,000 after purchasing an additional 5,155 shares during the last quarter. Nordea Investment Management AB increased its stake in MillerKnoll by 3.7% in the fourth quarter. Nordea Investment Management AB now owns 178,570 shares of the company's stock valued at $4,057,000 after purchasing an additional 6,433 shares during the period. Finally, Douglas Lane & Associates LLC raised its holdings in shares of MillerKnoll by 5.0% in the fourth quarter. Douglas Lane & Associates LLC now owns 216,843 shares of the company's stock valued at $4,898,000 after buying an additional 10,345 shares during the last quarter. 87.50% of the stock is owned by institutional investors and hedge funds.

MillerKnoll Price Performance

MLKN stock traded down $0.13 during trading on Thursday, reaching $16.27. 148,753 shares of the company were exchanged, compared to its average volume of 601,852. MillerKnoll, Inc. has a 52-week low of $15.25 and a 52-week high of $31.73. 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 market cap of $1.10 billion, a P/E ratio of 17.86, a PEG ratio of 0.89 and a beta of 1.05. The stock's 50 day moving average price is $18.44 and its 200 day moving average price is $21.66.

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. The firm 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%. The company's quarterly revenue was up .4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.45 EPS. As a group, analysts predict that MillerKnoll, Inc. will post 2.12 earnings per share for the current fiscal year.

MillerKnoll Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Sunday, June 1st will be issued a dividend of $0.1875 per share. The ex-dividend date of this dividend is Friday, May 30th. This represents a $0.75 dividend on an annualized basis and a dividend yield of 4.61%. MillerKnoll's payout ratio is 178.57%.

Wall Street Analyst Weigh In

Several brokerages have weighed in on MLKN. Sidoti upgraded MillerKnoll to a "hold" rating in a research note on Tuesday, March 25th. StockNews.com cut shares of MillerKnoll from a "buy" rating to a "hold" rating in a report 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.