MillerKnoll, Inc. (NASDAQ:MLKN) Shares Sold by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System lowered its stake in shares of MillerKnoll, Inc. (NASDAQ:MLKN) by 6.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 33,800 shares of the company’s stock after selling 2,200 shares during the quarter. Louisiana State Employees Retirement System’s holdings in MillerKnoll were worth $837,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the stock. GAMMA Investing LLC increased its holdings in shares of MillerKnoll by 35.0% during the third quarter. GAMMA Investing LLC now owns 1,642 shares of the company’s stock valued at $41,000 after acquiring an additional 426 shares in the last quarter. SummerHaven Investment Management LLC increased its holdings in shares of MillerKnoll by 1.3% during the second quarter. SummerHaven Investment Management LLC now owns 44,779 shares of the company’s stock valued at $1,186,000 after acquiring an additional 580 shares in the last quarter. Bank of Montreal Can increased its holdings in shares of MillerKnoll by 6.0% during the second quarter. Bank of Montreal Can now owns 13,551 shares of the company’s stock valued at $359,000 after acquiring an additional 768 shares in the last quarter. EverSource Wealth Advisors LLC increased its holdings in shares of MillerKnoll by 254.3% during the second quarter. EverSource Wealth Advisors LLC now owns 1,201 shares of the company’s stock valued at $32,000 after acquiring an additional 862 shares in the last quarter. Finally, Hsbc Holdings PLC increased its holdings in shares of MillerKnoll by 10.3% during the second quarter. Hsbc Holdings PLC now owns 9,761 shares of the company’s stock valued at $256,000 after acquiring an additional 908 shares in the last quarter. Institutional investors and hedge funds own 87.50% of the company’s stock.

MillerKnoll Price Performance

Shares of NASDAQ:MLKN opened at $23.17 on Tuesday. MillerKnoll, Inc. has a twelve month low of $22.35 and a twelve month high of $31.73. The company’s 50 day moving average is $25.44 and its 200 day moving average is $26.62. The company has a current ratio of 1.59, a quick ratio of 0.93 and a debt-to-equity ratio of 0.99. The company has a market cap of $1.60 billion, a PE ratio of 26.63, a price-to-earnings-growth ratio of 0.86 and a beta of 1.18.

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

MillerKnoll Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Saturday, November 30th will be given a $0.1875 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $0.75 annualized dividend and a yield of 3.24%. MillerKnoll’s dividend payout ratio is presently 86.21%.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded shares of MillerKnoll from a “buy” rating to a “hold” rating in a report on Thursday, October 10th.

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.