Wellington Management Group LLP Purchases 39,811 Shares of MillerKnoll, Inc. (NASDAQ:MLKN)

Wellington Management Group LLP raised its holdings in shares of MillerKnoll, Inc. (NASDAQ:MLKN - Free Report) by 16.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 285,447 shares of the company's stock after acquiring an additional 39,811 shares during the quarter. Wellington Management Group LLP owned about 0.39% of MillerKnoll worth $7,616,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Nomura Asset Management Co. Ltd. grew its position in shares of MillerKnoll by 100.0% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 1,140 shares of the company's stock valued at $30,000 after purchasing an additional 570 shares in the last quarter. International Assets Investment Management LLC grew its position in shares of MillerKnoll by 1,117.6% during the 4th quarter. International Assets Investment Management LLC now owns 1,449 shares of the company's stock valued at $39,000 after purchasing an additional 1,330 shares in the last quarter. Daiwa Securities Group Inc. purchased a new position in shares of MillerKnoll during the 4th quarter valued at $40,000. Quadrant Capital Group LLC grew its position in shares of MillerKnoll by 46.5% during the 4th quarter. Quadrant Capital Group LLC now owns 1,537 shares of the company's stock valued at $41,000 after purchasing an additional 488 shares in the last quarter. Finally, GAMMA Investing LLC purchased a new position in shares of MillerKnoll during the 4th quarter valued at $63,000. Institutional investors own 87.50% of the company's stock.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded shares of MillerKnoll from a "buy" rating to a "strong-buy" rating in a research report on Thursday.

MillerKnoll Price Performance

Shares of MLKN traded up $0.07 during mid-day trading on Friday, reaching $26.49. 887,389 shares of the stock traded hands, compared to its average volume of 473,505. MillerKnoll, Inc. has a 1 year low of $14.32 and a 1 year high of $31.33. The firm has a fifty day moving average price of $26.40 and a 200 day moving average price of $27.27. The company has a market cap of $1.90 billion, a price-to-earnings ratio of 23.86, a price-to-earnings-growth ratio of 1.00 and a beta of 1.26. The company has a current ratio of 1.54, a quick ratio of 0.95 and a debt-to-equity ratio of 0.93.

MillerKnoll (NASDAQ:MLKN - Get Free Report) last announced its earnings results on Wednesday, June 26th. The company reported $0.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.53 by $0.14. MillerKnoll had a net margin of 2.27% and a return on equity of 10.94%. The company had revenue of $888.90 million during the quarter, compared to analyst estimates of $898.65 million. During the same period in the previous year, the business earned $0.41 earnings per share. The firm's quarterly revenue was down 7.1% compared to the same quarter last year. As a group, equities research analysts predict that MillerKnoll, Inc. will post 2.21 earnings per share for the current year.

MillerKnoll Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Saturday, June 1st will be given a $0.1875 dividend. The ex-dividend date of this dividend is Friday, May 31st. This represents a $0.75 annualized dividend and a yield of 2.83%. MillerKnoll's dividend payout ratio (DPR) is presently 67.57%.

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.