Geode Capital Management LLC Has $41.64 Million Stake in MillerKnoll, Inc. (NASDAQ:MLKN)

Geode Capital Management LLC cut its holdings in shares of MillerKnoll, Inc. (NASDAQ:MLKN - Free Report) by 1.5% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,681,283 shares of the company's stock after selling 25,769 shares during the period. Geode Capital Management LLC owned about 2.43% of MillerKnoll worth $41,636,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Pacer Advisors Inc. raised its position in shares of MillerKnoll by 15.3% during the second quarter. Pacer Advisors Inc. now owns 4,015,462 shares of the company's stock worth $106,370,000 after acquiring an additional 532,427 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in MillerKnoll by 12.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 3,392,354 shares of the company's stock worth $89,864,000 after purchasing an additional 377,121 shares during the last quarter. Disciplined Growth Investors Inc. MN lifted its position in shares of MillerKnoll by 157.4% in 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 boosted its stake in shares of MillerKnoll by 1.2% in 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. Finally, Hotchkis & Wiley Capital Management LLC boosted its stake in shares of MillerKnoll by 127.8% in the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 547,540 shares of the company's stock valued at $13,557,000 after purchasing an additional 307,210 shares during the last quarter. 87.50% of the stock is currently owned by institutional investors and hedge funds.

MillerKnoll Trading Down 0.2 %

Shares of NASDAQ:MLKN traded down $0.04 during midday trading on Wednesday, reaching $22.03. The company's stock had a trading volume of 386,853 shares, compared to its average volume of 667,326. The firm has a 50 day moving average price of $24.29 and a two-hundred day moving average price of $26.05. MillerKnoll, Inc. has a fifty-two week low of $20.89 and a fifty-two week high of $31.73. The firm has a market capitalization of $1.52 billion, a price-to-earnings ratio of 25.32, a PEG ratio of 0.96 and a beta of 1.20. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.93 and a current ratio of 1.59.

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. The firm had revenue of $970.40 million for the quarter, compared to analyst estimates of $959.60 million. MillerKnoll had a return on equity of 10.93% and a net margin of 1.80%. The company's revenue was up 2.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.59 earnings per share. As a group, analysts forecast that MillerKnoll, Inc. will post 2.17 earnings per share for the current year.

MillerKnoll Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Saturday, November 30th will be issued a $0.1875 dividend. This represents a $0.75 dividend on an annualized basis and a yield of 3.40%. The ex-dividend date of this dividend is Friday, November 29th. MillerKnoll's payout ratio is 82.42%.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of MillerKnoll from a "hold" rating to a "buy" rating in a report on Friday, December 20th.

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.