MillerKnoll, Inc. (NASDAQ:MLKN) Stock Position Trimmed by Diversified Trust Co

Diversified Trust Co decreased its position in MillerKnoll, Inc. (NASDAQ:MLKNFree Report) by 8.8% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 10,481 shares of the company’s stock after selling 1,008 shares during the period. Diversified Trust Co’s holdings in MillerKnoll were worth $260,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in MLKN. Vanguard Group Inc. raised its stake in shares of MillerKnoll by 0.5% during the third quarter. Vanguard Group Inc. now owns 8,971,907 shares of the company’s stock valued at $219,363,000 after purchasing an additional 48,165 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of MillerKnoll by 29.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,619,581 shares of the company’s stock worth $69,891,000 after acquiring an additional 593,447 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in shares of MillerKnoll by 1.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,290,336 shares of the company’s stock valued at $34,426,000 after acquiring an additional 15,407 shares in the last quarter. LSV Asset Management increased its stake in shares of MillerKnoll by 1.2% during the fourth quarter. LSV Asset Management now owns 1,052,700 shares of the company’s stock valued at $28,086,000 after acquiring an additional 12,400 shares during the period. Finally, Hennessy Advisors Inc. raised its holdings in MillerKnoll by 14.1% during the first quarter. Hennessy Advisors Inc. now owns 998,300 shares of the company’s stock worth $24,718,000 after purchasing an additional 123,400 shares in the last quarter. Institutional investors and hedge funds own 87.50% of the company’s stock.

MillerKnoll Stock Performance

NASDAQ:MLKN opened at $26.13 on Friday. The company has a current ratio of 1.54, a quick ratio of 0.92 and a debt-to-equity ratio of 0.93. The company has a 50-day moving average of $26.47 and a 200-day moving average of $27.19. MillerKnoll, Inc. has a twelve month low of $14.53 and a twelve month high of $31.33. The firm has a market cap of $1.87 billion, a price-to-earnings ratio of 23.54, a price-to-earnings-growth ratio of 0.99 and a beta of 1.19.

MillerKnoll (NASDAQ:MLKNGet Free Report) last issued its earnings results on Wednesday, June 26th. The company reported $0.67 earnings per share for the quarter, topping analysts’ consensus estimates of $0.54 by $0.13. MillerKnoll had a net margin of 2.27% and a return on equity of 10.94%. The firm had revenue of $888.90 million during the quarter, compared to analysts’ expectations of $898.65 million. During the same period last year, the firm posted $0.41 earnings per share. The firm’s revenue for the quarter was down 7.1% compared to the same quarter last year. Analysts forecast that MillerKnoll, Inc. will post 2.21 earnings per share for the current fiscal year.

MillerKnoll Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Saturday, June 1st will be given a $0.1875 dividend. The ex-dividend date of this dividend is Friday, May 31st. This represents a $0.75 dividend on an annualized basis and a dividend yield of 2.87%. MillerKnoll’s dividend payout ratio (DPR) is 67.57%.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded MillerKnoll from a “buy” rating to a “strong-buy” rating in a research report on Thursday, June 27th.

Check Out Our Latest Analysis on MLKN

About MillerKnoll

(Free Report)

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.

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Institutional Ownership by Quarter for MillerKnoll (NASDAQ:MLKN)

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