Rodgers Brothers Inc. Increases Stock Holdings in MillerKnoll, Inc. (NASDAQ:MLKN)

Rodgers Brothers Inc. lifted its position in MillerKnoll, Inc. (NASDAQ:MLKN - Free Report) by 25.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 98,754 shares of the company's stock after acquiring an additional 19,951 shares during the period. Rodgers Brothers Inc. owned approximately 0.14% of MillerKnoll worth $2,231,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Charles Schwab Investment Management Inc. increased its position in shares of MillerKnoll by 3.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,312,945 shares of the company's stock worth $29,659,000 after acquiring an additional 42,343 shares in the last quarter. William Blair Investment Management LLC increased its holdings in MillerKnoll by 2.6% during the 4th quarter. William Blair Investment Management LLC now owns 956,425 shares of the company's stock worth $21,606,000 after purchasing an additional 23,933 shares in the last quarter. Forager Capital Management LLC raised its stake in shares of 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 purchasing an additional 300,000 shares during the period. Disciplined Growth Investors Inc. MN lifted its holdings in shares of MillerKnoll by 157.4% in the third quarter. Disciplined Growth Investors Inc. MN now owns 852,584 shares of the company's stock valued at $21,110,000 after purchasing an additional 521,318 shares in the last quarter. Finally, Wellington Management Group LLP lifted its holdings in shares of MillerKnoll by 39.9% in the fourth quarter. Wellington Management Group LLP now owns 804,105 shares of the company's stock valued at $18,165,000 after purchasing an additional 229,283 shares in the last quarter. Institutional investors own 87.50% of the company's stock.

MillerKnoll Stock Down 3.5 %

NASDAQ:MLKN traded down $0.61 on Friday, hitting $16.77. 379,825 shares of the company's stock were exchanged, compared to its average volume of 597,364. The company has a market cap of $1.14 billion, a P/E ratio of 18.35, a price-to-earnings-growth ratio of 0.89 and a beta of 1.22. The firm has a 50-day moving average price of $20.95 and a 200-day moving average price of $22.88. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.60 and a quick ratio of 0.99. MillerKnoll, Inc. has a 52 week low of $15.83 and a 52 week high of $31.73.

MillerKnoll (NASDAQ:MLKN - Get Free Report) last released its earnings results on Wednesday, March 26th. The company reported $0.44 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.44. The business had revenue of $876.20 million for the quarter, compared to analyst estimates of $918.88 million. MillerKnoll had a return on equity of 10.74% and a net margin of 1.81%. MillerKnoll's revenue was up .4% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.45 earnings per share. As a group, analysts expect that MillerKnoll, Inc. will post 2.12 EPS for the current fiscal year.

MillerKnoll Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Saturday, March 1st will be paid a $0.1875 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $0.75 annualized dividend and a dividend yield of 4.47%. MillerKnoll's dividend payout ratio is presently 178.57%.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on MLKN shares. Sidoti raised MillerKnoll to a "hold" rating in a research report on Tuesday, March 25th. StockNews.com downgraded shares of MillerKnoll from a "buy" rating to a "hold" rating in a report on Saturday, March 29th.

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.