Texas Permanent School Fund Corp Lowers Position in MillerKnoll, Inc. (NASDAQ:MLKN)

Texas Permanent School Fund Corp decreased its position in shares of MillerKnoll, Inc. (NASDAQ:MLKN) by 1.8% during the second quarter, according to its most recent filing with the SEC. The firm owned 66,348 shares of the company’s stock after selling 1,225 shares during the period. Texas Permanent School Fund Corp owned about 0.09% of MillerKnoll worth $981,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Isthmus Partners LLC lifted its position in MillerKnoll by 6.1% during the second quarter. Isthmus Partners LLC now owns 70,222 shares of the company’s stock valued at $1,038,000 after buying an additional 4,037 shares during the period. Duality Advisers LP grew its holdings in MillerKnoll by 14.7% in the second quarter. Duality Advisers LP now owns 45,978 shares of the company’s stock worth $680,000 after purchasing an additional 5,882 shares during the period. New York Life Investment Management LLC bought a new position in shares of MillerKnoll during the first quarter valued at approximately $484,000. LSV Asset Management bought a new stake in shares of MillerKnoll in the 2nd quarter worth approximately $6,377,000. Finally, KBC Group NV purchased a new stake in shares of MillerKnoll in the 2nd quarter worth approximately $88,000. Institutional investors own 88.66% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the stock. Craig Hallum upped their price target on shares of MillerKnoll from $20.00 to $25.00 and gave the stock a “hold” rating in a research note on Wednesday, September 27th. StockNews.com started coverage on shares of MillerKnoll in a research note on Thursday, October 5th. They issued a “buy” rating on the stock.

MillerKnoll Trading Up 1.0 %

MillerKnoll stock opened at $25.01 on Monday. MillerKnoll, Inc. has a one year low of $13.20 and a one year high of $26.19. The business’s fifty day moving average is $22.84 and its 200 day moving average is $18.91. The stock has a market capitalization of $1.84 billion, a PE ratio of 56.84, a price-to-earnings-growth ratio of 1.00 and a beta of 1.31. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.56 and a quick ratio of 0.89.

MillerKnoll (NASDAQ:MLKN) last announced its quarterly earnings results on Tuesday, September 26th. The company reported $0.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.21 by $0.16. The firm had revenue of $917.70 million for the quarter, compared to the consensus estimate of $895.90 million. MillerKnoll had a net margin of 0.84% and a return on equity of 9.41%. The business’s quarterly revenue was down 14.9% compared to the same quarter last year. During the same quarter last year, the firm posted $0.44 EPS. On average, sell-side analysts predict that MillerKnoll, Inc. will post 2.07 EPS for the current year.

MillerKnoll Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, January 15th. Shareholders of record on Saturday, December 2nd will be issued a $0.1875 dividend. This represents a $0.75 dividend on an annualized basis and a yield of 3.00%. The ex-dividend date is Thursday, November 30th. MillerKnoll’s dividend payout ratio is 170.46%.

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.