MillerKnoll, Inc. (NASDAQ:MLKN) Shares Sold by Maryland State Retirement & Pension System

Maryland State Retirement & Pension System reduced its holdings in MillerKnoll, Inc. (NASDAQ:MLKN) by 4.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 24,978 shares of the company’s stock after selling 1,261 shares during the period. Maryland State Retirement & Pension System’s holdings in MillerKnoll were worth $662,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Vanguard Group Inc. lifted its position in shares of MillerKnoll by 2.6% during the 1st quarter. Vanguard Group Inc. now owns 8,987,024 shares of the company’s stock valued at $222,519,000 after buying an additional 226,792 shares in the last quarter. Dimensional Fund Advisors LP grew its position in shares of MillerKnoll by 29.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,619,581 shares of the company’s stock valued at $69,891,000 after purchasing an additional 593,447 shares during the period. Charles Schwab Investment Management Inc. increased its stake in shares of MillerKnoll by 1.2% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,290,336 shares of the company’s stock worth $34,426,000 after purchasing an additional 15,407 shares in the last quarter. Hennessy Advisors Inc. raised its position in shares of MillerKnoll by 18.1% during the 2nd quarter. Hennessy Advisors Inc. now owns 1,178,800 shares of the company’s stock worth $31,226,000 after purchasing an additional 180,500 shares during the last quarter. Finally, LSV Asset Management lifted its stake in MillerKnoll by 0.7% in the 1st quarter. LSV Asset Management now owns 1,059,546 shares of the company’s stock valued at $26,234,000 after buying an additional 6,846 shares in the last quarter. 87.50% of the stock is currently owned by hedge funds and other institutional investors.

MillerKnoll Stock Up 0.8 %

NASDAQ MLKN opened at $29.45 on Tuesday. The business has a fifty day moving average price of $28.29 and a 200 day moving average price of $27.71. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.92 and a current ratio of 1.53. The company has a market cap of $2.11 billion, a P/E ratio of 26.53, a P/E/G ratio of 1.11 and a beta of 1.19. MillerKnoll, Inc. has a one year low of $16.50 and a one year high of $31.73.

MillerKnoll (NASDAQ:MLKN) last issued its earnings results on Wednesday, June 26th. The company reported $0.67 EPS for the quarter, beating analysts’ consensus estimates of $0.54 by $0.13. The business had revenue of $888.90 million during the quarter, compared to analysts’ expectations of $898.65 million. MillerKnoll had a net margin of 2.27% and a return on equity of 10.94%. The company’s quarterly revenue was down 7.1% compared to the same quarter last year. During the same period in the prior year, the business earned $0.41 earnings per share. Research analysts anticipate that MillerKnoll, Inc. will post 2.21 EPS for the current fiscal year.

MillerKnoll Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Saturday, August 31st will be paid a $0.1875 dividend. This represents a $0.75 dividend on an annualized basis and a yield of 2.55%. The ex-dividend date of this dividend is Friday, August 30th. MillerKnoll’s dividend payout ratio (DPR) is 67.57%.

Analyst Ratings Changes

Separately, StockNews.com upgraded MillerKnoll from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 3rd.

MillerKnoll 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.