William Blair Investment Management LLC Purchases 23,933 Shares of MillerKnoll, Inc. (NASDAQ:MLKN)

William Blair Investment Management LLC raised its stake in MillerKnoll, Inc. (NASDAQ:MLKN - Free Report) by 2.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 956,425 shares of the company's stock after acquiring an additional 23,933 shares during the quarter. William Blair Investment Management LLC owned about 1.40% of MillerKnoll worth $21,606,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Smartleaf Asset Management LLC increased its position in MillerKnoll by 458.4% in the 4th 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 in the last quarter. KBC Group NV increased its position in MillerKnoll by 62.9% in the 4th quarter. KBC Group NV now owns 3,319 shares of the company's stock valued at $75,000 after acquiring an additional 1,281 shares in the last quarter. Avior Wealth Management LLC increased its position in MillerKnoll by 228.8% in the 4th quarter. Avior Wealth Management LLC now owns 2,081 shares of the company's stock valued at $47,000 after acquiring an additional 1,448 shares in the last quarter. Franklin Resources Inc. increased its position in MillerKnoll by 5.6% in the 3rd quarter. Franklin Resources Inc. now owns 39,928 shares of the company's stock valued at $973,000 after acquiring an additional 2,128 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in MillerKnoll by 1.6% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 159,420 shares of the company's stock valued at $3,947,000 after acquiring an additional 2,449 shares in the last quarter. Institutional investors and hedge funds own 87.50% of the company's stock.

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Wall Street Analyst Weigh In

Separately, StockNews.com upgraded shares of MillerKnoll from a "hold" rating to a "buy" rating in a research report on Wednesday, January 15th.

MillerKnoll Trading Down 2.5 %

Shares of NASDAQ:MLKN traded down $0.47 during trading on Friday, hitting $18.49. 1,782,119 shares of the company's stock were exchanged, compared to its average volume of 574,677. MillerKnoll, Inc. has a 1-year low of $18.28 and a 1-year high of $31.73. The firm has a 50-day moving average price of $21.46 and a two-hundred day moving average price of $23.38. 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 firm has a market cap of $1.26 billion, a P/E ratio of 20.32, a PEG ratio of 0.89 and a beta of 1.22.

MillerKnoll (NASDAQ:MLKN - Get Free Report) last issued its quarterly earnings results on Wednesday, December 18th. The company reported $0.55 EPS for the quarter, topping the consensus estimate of $0.54 by $0.01. MillerKnoll had a net margin of 1.81% and a return on equity of 10.74%. The company had revenue of $970.40 million during the quarter, compared to analysts' expectations of $959.60 million. During the same quarter in the previous year, the company earned $0.59 EPS. MillerKnoll's revenue was up 2.2% on a year-over-year basis. Equities analysts predict that MillerKnoll, Inc. will post 2.12 earnings per share for the current year.

MillerKnoll Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Saturday, March 1st will be given a dividend of $0.1875 per share. This represents a $0.75 annualized dividend and a dividend yield of 4.06%. The ex-dividend date is Friday, February 28th. MillerKnoll's dividend payout ratio is 82.42%.

About MillerKnoll

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.