JPMorgan Chase & Co. Has $9.98 Million Stock Position in MillerKnoll, Inc. (NASDAQ:MLKN)

JPMorgan Chase & Co. lowered its position in shares of MillerKnoll, Inc. (NASDAQ:MLKN - Free Report) by 14.9% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 403,063 shares of the company's stock after selling 70,836 shares during the period. JPMorgan Chase & Co. owned 0.58% of MillerKnoll worth $9,980,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently made changes to their positions in MLKN. Pacer Advisors Inc. raised its holdings in MillerKnoll by 15.3% in the 2nd quarter. Pacer Advisors Inc. now owns 4,015,462 shares of the company's stock valued at $106,370,000 after acquiring an additional 532,427 shares in the last quarter. Disciplined Growth Investors Inc. MN raised its holdings in MillerKnoll by 157.4% in the 3rd quarter. Disciplined Growth Investors Inc. MN now owns 852,584 shares of the company's stock valued at $21,110,000 after acquiring an additional 521,318 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in MillerKnoll by 12.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,392,354 shares of the company's stock valued at $89,864,000 after acquiring an additional 377,121 shares in the last quarter. Hotchkis & Wiley Capital Management LLC raised its holdings in 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 acquiring an additional 307,210 shares in the last quarter. Finally, Forager Capital Management LLC raised its holdings in MillerKnoll by 45.9% in the 3rd quarter. Forager Capital Management LLC now owns 953,841 shares of the company's stock valued at $23,617,000 after acquiring an additional 300,000 shares in the last quarter. Institutional investors own 87.50% of the company's stock.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered MillerKnoll from a "buy" rating to a "hold" rating in a research note on Tuesday, January 7th.

MillerKnoll Price Performance

Shares of MLKN traded up $0.23 during midday trading on Monday, hitting $21.65. The company's stock had a trading volume of 663,442 shares, compared to its average volume of 611,649. MillerKnoll, Inc. has a one year low of $20.89 and a one year high of $31.73. The company's fifty day simple moving average is $23.85 and its two-hundred day simple moving average is $25.75. The company has a quick ratio of 0.93, a current ratio of 1.59 and a debt-to-equity ratio of 0.99. The stock has a market capitalization of $1.48 billion, a price-to-earnings ratio of 24.89, a price-to-earnings-growth ratio of 0.96 and a beta of 1.23.

MillerKnoll (NASDAQ:MLKN - Get Free Report) last issued its quarterly earnings data on Wednesday, December 18th. The company reported $0.55 earnings per share for the quarter, topping analysts' consensus estimates of $0.54 by $0.01. The business 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%. MillerKnoll's quarterly revenue was up 2.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.59 EPS. As a group, equities analysts expect that MillerKnoll, Inc. will post 2.17 earnings per share for the current fiscal year.

MillerKnoll Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Saturday, November 30th will be paid a $0.1875 dividend. This represents a $0.75 dividend on an annualized basis and a dividend yield of 3.46%. The ex-dividend date is Friday, November 29th. MillerKnoll's dividend payout ratio is 82.42%.

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.