Wellington Management Group LLP Has $18.17 Million Stock Position in MillerKnoll, Inc. (NASDAQ:MLKN)

Wellington Management Group LLP increased its position in shares of MillerKnoll, Inc. (NASDAQ:MLKN - Free Report) by 39.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 804,105 shares of the company's stock after buying an additional 229,283 shares during the quarter. Wellington Management Group LLP owned 1.18% of MillerKnoll worth $18,165,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC increased its stake in MillerKnoll by 458.4% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,463 shares of the company's stock valued at $33,000 after acquiring an additional 1,201 shares during the period. Avior Wealth Management LLC lifted its position in shares of MillerKnoll by 228.8% during the 4th quarter. Avior Wealth Management LLC now owns 2,081 shares of the company's stock worth $47,000 after buying an additional 1,448 shares during the period. KBC Group NV raised its stake in MillerKnoll by 62.9% during the fourth quarter. KBC Group NV now owns 3,319 shares of the company's stock worth $75,000 after acquiring an additional 1,281 shares in the last quarter. Verition Fund Management LLC acquired a new stake in shares of MillerKnoll in the 3rd quarter valued at $210,000. Finally, Mitsubishi UFJ Trust & Banking Corp acquired a new stake in shares of MillerKnoll during the 4th quarter worth about $238,000. Institutional investors and hedge funds own 87.50% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the stock. StockNews.com cut shares of MillerKnoll from a "buy" rating to a "hold" rating in a research note on Saturday, March 29th. Sidoti upgraded shares of MillerKnoll to a "hold" rating in a research report on Tuesday, March 25th.

MillerKnoll Stock Down 0.3 %

Shares of NASDAQ:MLKN traded down $0.05 during trading on Monday, hitting $16.39. 21,761 shares of the company's stock traded hands, compared to its average volume of 604,068. The company has a market cap of $1.11 billion, a price-to-earnings ratio of 18.01, a price-to-earnings-growth ratio of 0.89 and a beta of 1.05. MillerKnoll, Inc. has a 52 week low of $15.87 and a 52 week high of $31.73. The company has a current ratio of 1.60, a quick ratio of 0.99 and a debt-to-equity ratio of 1.02. The company has a 50-day moving average price of $20.07 and a 200-day moving average price of $22.37.

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

MillerKnoll Announces Dividend

The business also recently declared 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. This represents a $0.75 annualized dividend and a dividend yield of 4.58%. The ex-dividend date is Friday, February 28th. MillerKnoll's dividend payout ratio (DPR) is currently 178.57%.

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.