Wells Fargo & Company MN Has $1.14 Million Stake in MillerKnoll, Inc. (NASDAQ:MLKN)

Wells Fargo & Company MN trimmed its position in shares of MillerKnoll, Inc. (NASDAQ:MLKN - Free Report) by 27.6% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 50,639 shares of the company's stock after selling 19,280 shares during the period. Wells Fargo & Company MN owned 0.07% of MillerKnoll worth $1,144,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in MLKN. Charles Schwab Investment Management Inc. raised its position in MillerKnoll by 3.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,312,945 shares of the company's stock valued at $29,659,000 after buying an additional 42,343 shares during the period. William Blair Investment Management LLC grew its stake in MillerKnoll by 2.6% during the 4th quarter. William Blair Investment Management LLC now owns 956,425 shares of the company's stock valued at $21,606,000 after acquiring an additional 23,933 shares in the last quarter. Wellington Management Group LLP increased its holdings in shares of MillerKnoll by 39.9% in the 4th quarter. Wellington Management Group LLP now owns 804,105 shares of the company's stock valued at $18,165,000 after purchasing an additional 229,283 shares during the period. Arrowstreet Capital Limited Partnership raised its stake in shares of MillerKnoll by 11.9% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 516,496 shares of the company's stock worth $11,668,000 after purchasing an additional 54,752 shares in the last quarter. Finally, Empowered Funds LLC lifted its position in shares of MillerKnoll by 5.1% in the fourth quarter. Empowered Funds LLC now owns 377,522 shares of the company's stock worth $8,528,000 after buying an additional 18,378 shares during the last quarter. 87.50% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. StockNews.com lowered MillerKnoll from a "buy" rating to a "hold" rating in a report on Saturday, March 29th. Sidoti raised shares of MillerKnoll to a "hold" rating in a report on Tuesday, March 25th.

MillerKnoll Stock Performance

Shares of MillerKnoll stock traded up $0.50 during trading on Friday, reaching $16.72. The company's stock had a trading volume of 498,421 shares, compared to its average volume of 604,158. MillerKnoll, Inc. has a one year low of $15.25 and a one year 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 firm has a market cap of $1.13 billion, a price-to-earnings ratio of 18.37, a price-to-earnings-growth ratio of 0.89 and a beta of 1.05. The business's fifty day moving average price is $18.21 and its 200-day moving average price is $21.52.

MillerKnoll (NASDAQ:MLKN - Get Free Report) last issued its quarterly earnings results on Wednesday, March 26th. The company reported $0.44 EPS for the quarter, hitting analysts' consensus estimates of $0.44. The company had revenue of $876.20 million during the quarter, compared to analyst estimates 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 company earned $0.45 earnings per share. As a group, equities research analysts predict that MillerKnoll, Inc. will post 2.12 earnings per share for the current year.

MillerKnoll Announces Dividend

The business 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 annualized dividend and a dividend yield of 4.49%. MillerKnoll's payout ratio is 178.57%.

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.