Texas Permanent School Fund Has $1.07 Million Stock Position in MillerKnoll, Inc. (NASDAQ:MLKN)

Texas Permanent School Fund lowered its holdings in shares of MillerKnoll, Inc. (NASDAQ:MLKN – Get Rating) by 7.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 50,670 shares of the company’s stock after selling 3,793 shares during the period. Texas Permanent School Fund owned about 0.07% of MillerKnoll worth $1,065,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. US Bancorp DE acquired a new stake in MillerKnoll during the first quarter worth $36,000. Captrust Financial Advisors acquired a new stake in MillerKnoll during the first quarter worth $41,000. Point72 Hong Kong Ltd acquired a new stake in MillerKnoll during the first quarter worth $58,000. Ronald Blue Trust Inc. boosted its stake in MillerKnoll by 222.1% during the fourth quarter. Ronald Blue Trust Inc. now owns 1,694 shares of the company’s stock worth $26,000 after buying an additional 1,168 shares in the last quarter. Finally, PNC Financial Services Group Inc. acquired a new stake in MillerKnoll during the first quarter worth $103,000. Institutional investors and hedge funds own 97.23% of the company’s stock.

MillerKnoll Stock Down 2.2 %

MLKN opened at $16.31 on Monday. MillerKnoll, Inc. has a fifty-two week low of $15.23 and a fifty-two week high of $33.46. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.74 and a quick ratio of 1.00. The firm’s fifty day moving average price is $18.91 and its two-hundred day moving average price is $20.90. The company has a market capitalization of $1.23 billion, a P/E ratio of 19.42, a P/E/G ratio of 0.76 and a beta of 1.41.

MillerKnoll (NASDAQ:MLKN – Get Rating) last issued its quarterly earnings data on Wednesday, March 22nd. The company reported $0.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.39 by $0.15. MillerKnoll had a return on equity of 10.83% and a net margin of 1.51%. The company had revenue of $984.70 million during the quarter, compared to analysts’ expectations of $997.40 million. During the same period last year, the business earned $0.28 earnings per share. The business’s revenue was down 4.4% on a year-over-year basis. On average, analysts anticipate that MillerKnoll, Inc. will post 1.83 EPS for the current year.

MillerKnoll Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Saturday, July 15th. Investors of record on Saturday, June 3rd will be given a $0.1875 dividend. The ex-dividend date is Thursday, June 1st. This represents a $0.75 dividend on an annualized basis and a yield of 4.60%. MillerKnoll’s payout ratio is 89.29%.

Insider Buying and Selling

In other news, insider Megan Lyon acquired 6,410 shares of the stock in a transaction that occurred on Friday, May 5th. The stock was purchased at an average cost of $15.60 per share, for a total transaction of $99,996.00. Following the completion of the transaction, the insider now directly owns 17,875 shares in the company, valued at $278,850. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, insider Megan Lyon bought 6,410 shares of the firm’s stock in a transaction dated Friday, May 5th. The stock was bought at an average cost of $15.60 per share, for a total transaction of $99,996.00. Following the transaction, the insider now owns 17,875 shares of the company’s stock, valued at $278,850. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Michael A. Volkema bought 60,200 shares of the firm’s stock in a transaction dated Wednesday, May 3rd. The shares were bought at an average price of $16.61 per share, with a total value of $999,922.00. Following the completion of the transaction, the director now directly owns 187,086 shares in the company, valued at approximately $3,107,498.46. The disclosure for this purchase can be found here. Corporate insiders own 1.81% of the company’s stock.

MillerKnoll Profile

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MillerKnoll, Inc engages in the research, design, manufacture, and distribution of interior furnishings for use in various environments including office, healthcare, educational, and residential settings. It operates through the following segments: Americas Contract, International Contract, Global Retail, and Knoll.