MillerKnoll, Inc. (NASDAQ:MLKN) Shares Sold by Vulcan Value Partners LLC

Vulcan Value Partners LLC trimmed its holdings in shares of MillerKnoll, Inc. (NASDAQ:MLKN) by 8.5% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,164,023 shares of the company’s stock after selling 108,819 shares during the period. Vulcan Value Partners LLC owned about 1.62% of MillerKnoll worth $31,056,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Nomura Asset Management Co. Ltd. lifted its holdings in shares of MillerKnoll by 100.0% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 1,140 shares of the company’s stock valued at $30,000 after acquiring an additional 570 shares in the last quarter. Mather Group LLC. purchased a new stake in shares of MillerKnoll in the second quarter worth about $30,000. EverSource Wealth Advisors LLC grew its stake in shares of MillerKnoll by 254.3% in the second quarter. EverSource Wealth Advisors LLC now owns 1,201 shares of the company’s stock valued at $32,000 after buying an additional 862 shares in the last quarter. EntryPoint Capital LLC raised its holdings in shares of MillerKnoll by 566.9% during the 1st quarter. EntryPoint Capital LLC now owns 2,661 shares of the company’s stock valued at $66,000 after buying an additional 2,262 shares during the period. Finally, Opal Wealth Advisors LLC acquired a new position in MillerKnoll during the 2nd quarter worth approximately $85,000. 87.50% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded shares of MillerKnoll from a “strong-buy” rating to a “buy” rating in a research report on Monday, September 23rd.

MillerKnoll Stock Performance

MillerKnoll stock opened at $24.39 on Friday. MillerKnoll, Inc. has a 12-month low of $22.43 and a 12-month high of $31.73. The company has a market capitalization of $1.75 billion, a price-to-earnings ratio of 21.97, a price-to-earnings-growth ratio of 0.93 and a beta of 1.18. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.59 and a quick ratio of 0.93. The firm’s fifty day moving average price is $28.03 and its 200 day moving average price is $27.28.

MillerKnoll (NASDAQ:MLKN) last announced its earnings results on Thursday, September 19th. The company reported $0.36 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.04). The business had revenue of $861.50 million for the quarter, compared to analysts’ expectations of $889.38 million. MillerKnoll had a return on equity of 10.93% and a net margin of 1.80%. The firm’s revenue was down 6.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.37 earnings per share. On average, research analysts forecast that MillerKnoll, Inc. will post 2.17 EPS for the current fiscal year.

MillerKnoll Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Saturday, August 31st will be given a dividend of $0.1875 per share. This represents a $0.75 dividend on an annualized basis and a dividend yield of 3.08%. The ex-dividend date is Friday, August 30th. MillerKnoll’s payout ratio is currently 67.57%.

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.