Empowered Funds LLC Has $8.53 Million Stock Holdings in MillerKnoll, Inc. (NASDAQ:MLKN)

Empowered Funds LLC raised its holdings in MillerKnoll, Inc. (NASDAQ:MLKN - Free Report) by 5.1% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 377,522 shares of the company's stock after purchasing an additional 18,378 shares during the period. Empowered Funds LLC owned approximately 0.55% of MillerKnoll worth $8,528,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in MLKN. GAMMA Investing LLC raised its position in shares of MillerKnoll by 35.0% in the third quarter. GAMMA Investing LLC now owns 1,642 shares of the company's stock valued at $41,000 after buying an additional 426 shares in the last quarter. Avior Wealth Management LLC raised its holdings in MillerKnoll by 228.8% in the 4th quarter. Avior Wealth Management LLC now owns 2,081 shares of the company's stock valued at $47,000 after acquiring an additional 1,448 shares in the last quarter. KBC Group NV lifted its position in shares of MillerKnoll by 62.9% during the 4th quarter. KBC Group NV now owns 3,319 shares of the company's stock valued at $75,000 after acquiring an additional 1,281 shares during the period. Meeder Asset Management Inc. acquired a new stake in shares of MillerKnoll during the 3rd quarter worth $84,000. Finally, DekaBank Deutsche Girozentrale grew its holdings in shares of MillerKnoll by 99.7% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 4,640 shares of the company's stock worth $112,000 after purchasing an additional 2,316 shares in the last quarter. Institutional investors and hedge funds own 87.50% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised MillerKnoll from a "hold" rating to a "buy" rating in a research note on Wednesday, January 15th.

MillerKnoll Price Performance

Shares of MillerKnoll stock traded up $0.20 on Thursday, reaching $22.55. 357,984 shares of the stock were exchanged, compared to its average volume of 567,893. 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 $1.54 billion, a PE ratio of 24.78, a P/E/G ratio of 0.86 and a beta of 1.22. The firm's 50 day moving average is $22.74 and its 200-day moving average is $24.88. MillerKnoll, Inc. has a one year low of $20.89 and a one year high of $31.73.

MillerKnoll (NASDAQ:MLKN - Get Free Report) last issued its quarterly earnings results on Wednesday, December 18th. The company reported $0.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.54 by $0.01. MillerKnoll had a return on equity of 10.74% and a net margin of 1.81%. The company had revenue of $970.40 million for the quarter, compared to analyst estimates of $959.60 million. During the same quarter last year, the company posted $0.59 EPS. The company's revenue for the quarter was up 2.2% compared to the same quarter last year. As a group, analysts anticipate that MillerKnoll, Inc. will post 2.12 EPS for the current fiscal year.

MillerKnoll Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Saturday, March 1st will be issued a $0.1875 dividend. The ex-dividend date is Friday, February 28th. This represents a $0.75 dividend on an annualized basis and a dividend yield of 3.33%. MillerKnoll's dividend payout ratio (DPR) is currently 82.42%.

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.