Charles Schwab Investment Management Inc. Grows Position in MillerKnoll, Inc. (NASDAQ:MLKN)

Charles Schwab Investment Management Inc. raised its stake in shares of MillerKnoll, Inc. (NASDAQ:MLKN - Free Report) by 3.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,312,945 shares of the company's stock after purchasing an additional 42,343 shares during the period. Charles Schwab Investment Management Inc. owned 1.93% of MillerKnoll worth $29,659,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of the stock. Forager Capital Management LLC boosted its stake in MillerKnoll by 45.9% during the third quarter. Forager Capital Management LLC now owns 953,841 shares of the company's stock worth $23,617,000 after buying an additional 300,000 shares during the period. Disciplined Growth Investors Inc. MN boosted its stake in shares of MillerKnoll by 157.4% during the 3rd quarter. Disciplined Growth Investors Inc. MN now owns 852,584 shares of the company's stock worth $21,110,000 after purchasing an additional 521,318 shares during the period. Wellington Management Group LLP grew its holdings in MillerKnoll by 1.2% during the 3rd quarter. Wellington Management Group LLP now owns 574,822 shares of the company's stock valued at $14,233,000 after purchasing an additional 6,576 shares during the last quarter. Hotchkis & Wiley Capital Management LLC boosted its position in shares of MillerKnoll by 127.8% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 547,540 shares of the company's stock valued at $13,557,000 after buying an additional 307,210 shares during the period. Finally, Empowered Funds LLC grew its stake in shares of MillerKnoll by 5.1% during the fourth quarter. Empowered Funds LLC now owns 377,522 shares of the company's stock valued at $8,528,000 after buying an additional 18,378 shares during the last quarter. 87.50% of the stock is owned by institutional investors.

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MillerKnoll Trading Down 2.5 %

MLKN stock traded down $0.48 during trading on Friday, hitting $18.49. The company had a trading volume of 520,651 shares, compared to its average volume of 575,924. MillerKnoll, Inc. has a 52-week low of $18.28 and a 52-week high of $31.73. The company has a 50 day simple moving average of $21.52 and a 200-day simple moving average of $23.46. The firm has a market capitalization of $1.26 billion, a P/E ratio of 20.31, a PEG ratio of 0.89 and a beta of 1.22. The company has a quick ratio of 0.99, a current ratio of 1.60 and a debt-to-equity ratio of 1.02.

MillerKnoll (NASDAQ:MLKN - Get Free Report) last issued its earnings results on Wednesday, December 18th. The company reported $0.55 EPS for the quarter, topping analysts' consensus estimates of $0.54 by $0.01. MillerKnoll had a net margin of 1.81% and a return on equity of 10.74%. The business had revenue of $970.40 million for the quarter, compared to the consensus estimate of $959.60 million. During the same period in the prior year, the firm earned $0.59 EPS. The company's revenue for the quarter was up 2.2% compared to the same quarter last year. As a group, research analysts forecast 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, April 15th. Investors of record on Saturday, March 1st will be paid a $0.1875 dividend. The ex-dividend date is Friday, February 28th. This represents a $0.75 annualized dividend and a yield of 4.06%. MillerKnoll's dividend payout ratio (DPR) is currently 82.42%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded MillerKnoll from a "hold" rating to a "buy" rating in a report on Wednesday, January 15th.

MillerKnoll 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.