Versor Investments LP cut its stake in shares of MillerKnoll, Inc. (NASDAQ:MLKN - Free Report) by 61.0% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 11,400 shares of the company's stock after selling 17,800 shares during the quarter. Versor Investments LP's holdings in MillerKnoll were worth $258,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds also recently made changes to their positions in the company. DekaBank Deutsche Girozentrale boosted its stake in MillerKnoll by 99.7% in the third 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. Harbor Capital Advisors Inc. lifted its position in MillerKnoll by 122.9% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 18,166 shares of the company's stock worth $450,000 after buying an additional 10,016 shares in the last quarter. Principal Financial Group Inc. grew its holdings in MillerKnoll by 1.5% during the 3rd quarter. Principal Financial Group Inc. now owns 358,529 shares of the company's stock worth $8,877,000 after acquiring an additional 5,155 shares during the last quarter. Empowered Funds LLC grew its holdings in MillerKnoll by 5.3% during the 3rd quarter. Empowered Funds LLC now owns 359,144 shares of the company's stock worth $8,892,000 after acquiring an additional 18,224 shares during the last quarter. Finally, Quest Partners LLC increased its position in MillerKnoll by 72.2% in the 3rd quarter. Quest Partners LLC now owns 11,360 shares of the company's stock valued at $281,000 after acquiring an additional 4,763 shares in the last quarter. Institutional investors and hedge funds own 87.50% of the company's stock.
Analyst Upgrades and Downgrades
Separately, StockNews.com raised shares of MillerKnoll from a "hold" rating to a "buy" rating in a research note on Wednesday, January 15th.
Get Our Latest Stock Analysis on MillerKnoll
MillerKnoll Trading Up 1.4 %
MLKN traded up $0.28 during mid-day trading on Friday, reaching $20.94. The stock had a trading volume of 303,314 shares, compared to its average volume of 519,762. The firm's fifty day simple moving average is $22.06 and its two-hundred day simple moving average is $24.14. The stock has a market capitalization of $1.43 billion, a P/E ratio of 23.01, a P/E/G ratio of 0.89 and a beta of 1.22. MillerKnoll, Inc. has a 52 week low of $20.31 and a 52 week high of $31.73. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.99 and a current ratio of 1.60.
MillerKnoll (NASDAQ:MLKN - Get Free Report) last announced its quarterly earnings data on Wednesday, December 18th. The company reported $0.55 earnings per share for the quarter, beating the consensus estimate 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 net margin of 1.81% and a return on equity of 10.74%. MillerKnoll's revenue was up 2.2% compared to the same quarter last year. During the same period in the prior year, the business posted $0.59 earnings per share. On average, equities analysts predict that MillerKnoll, Inc. will post 2.12 EPS for the current year.
MillerKnoll Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Saturday, March 1st will be issued a dividend of $0.1875 per share. This represents a $0.75 dividend on an annualized basis and a yield of 3.58%. The ex-dividend date is Friday, February 28th. MillerKnoll's dividend payout ratio (DPR) is currently 82.42%.
About MillerKnoll
(
Free Report)
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.
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