Wells Fargo & Company MN Sells 19,280 Shares of MillerKnoll, Inc. (NASDAQ:MLKN)

Wells Fargo & Company MN lessened its holdings in shares of MillerKnoll, Inc. (NASDAQ:MLKN - Free Report) by 27.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 50,639 shares of the company's stock after selling 19,280 shares during the quarter. Wells Fargo & Company MN owned 0.07% of MillerKnoll worth $1,144,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of MLKN. Wellington Management Group LLP raised 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 worth $18,165,000 after acquiring an additional 229,283 shares during the last quarter. New Age Alpha Advisors LLC bought a new position in shares of MillerKnoll in the fourth quarter valued at approximately $2,370,000. ExodusPoint Capital Management LP purchased a new position in MillerKnoll during the 4th quarter worth $1,437,000. Trexquant Investment LP purchased a new position in MillerKnoll during the fourth quarter worth about $1,390,000. Finally, Arrowstreet Capital Limited Partnership boosted its stake in shares of MillerKnoll by 11.9% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 516,496 shares of the company's stock worth $11,668,000 after buying an additional 54,752 shares during the last quarter. Institutional investors and hedge funds own 87.50% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the company. StockNews.com cut MillerKnoll from a "buy" rating to a "hold" rating in a research note on Saturday, March 29th. Sidoti raised shares of MillerKnoll to a "hold" rating in a research report on Tuesday, March 25th.

MillerKnoll Stock Performance

Shares of NASDAQ MLKN traded down $0.23 during trading on Wednesday, reaching $16.40. 674,997 shares of the stock traded hands, compared to its average volume of 603,474. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.60 and a quick ratio of 0.99. The stock has a market capitalization of $1.11 billion, a P/E ratio of 18.02, a price-to-earnings-growth ratio of 0.89 and a beta of 1.05. MillerKnoll, Inc. has a 52-week low of $15.25 and a 52-week high of $31.73. The company has a 50-day moving average of $18.55 and a 200-day moving average of $21.69.

MillerKnoll (NASDAQ:MLKN - Get Free Report) last announced its quarterly earnings data on Wednesday, March 26th. The company reported $0.44 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.44. The business had revenue of $876.20 million for the quarter, compared to analysts' expectations of $918.88 million. MillerKnoll had a return on equity of 10.74% and a net margin of 1.81%. The firm's quarterly revenue was up .4% compared to the same quarter last year. During the same period in the previous year, the business posted $0.45 EPS. Analysts forecast that MillerKnoll, Inc. will post 2.12 EPS for the current fiscal year.

MillerKnoll Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Sunday, June 1st will be given a $0.1875 dividend. This represents a $0.75 annualized dividend and a dividend yield of 4.57%. The ex-dividend date of this dividend is Friday, May 30th. MillerKnoll's dividend payout ratio (DPR) is presently 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.