Bank of Montreal Can Lowers Stock Position in MillerKnoll, Inc. (NASDAQ:MLKN)

Bank of Montreal Can trimmed its position in shares of MillerKnoll, Inc. (NASDAQ:MLKN) by 15.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,731 shares of the company’s stock after selling 2,564 shares during the period. Bank of Montreal Can’s holdings in MillerKnoll were worth $310,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of MLKN. Smartleaf Asset Management LLC lifted its holdings in MillerKnoll by 458.4% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,463 shares of the company’s stock worth $33,000 after purchasing an additional 1,201 shares in the last quarter. Avior Wealth Management LLC boosted its position in shares of MillerKnoll by 228.8% during the fourth quarter. Avior Wealth Management LLC now owns 2,081 shares of the company’s stock worth $47,000 after acquiring an additional 1,448 shares during the last quarter. KBC Group NV boosted its position in shares of MillerKnoll by 62.9% during the fourth quarter. KBC Group NV now owns 3,319 shares of the company’s stock worth $75,000 after acquiring an additional 1,281 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp purchased a new position in MillerKnoll during the fourth quarter valued at $238,000. Finally, KLP Kapitalforvaltning AS bought a new stake in MillerKnoll in the 4th quarter valued at $339,000. 87.50% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

MLKN has been the subject of a number of research analyst reports. StockNews.com lowered MillerKnoll from a “buy” rating to a “hold” rating in a research report on Saturday, March 29th. Sidoti upgraded MillerKnoll to a “hold” rating in a report on Tuesday, March 25th.

MillerKnoll Trading Up 0.9 %

Shares of MLKN opened at $16.07 on Thursday. MillerKnoll, Inc. has a fifty-two week low of $15.25 and a fifty-two week high of $31.73. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.99 and a current ratio of 1.60. The company’s fifty day moving average is $19.05 and its 200 day moving average is $21.92. The stock has a market capitalization of $1.09 billion, a PE ratio of 17.66, a P/E/G ratio of 0.89 and a beta of 1.05.

MillerKnoll (NASDAQ:MLKN) last announced its earnings results on Wednesday, March 26th. The company reported $0.44 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.44. The firm had revenue of $876.20 million for the quarter, compared to analysts’ expectations of $918.88 million. MillerKnoll had a net margin of 1.81% and a return on equity of 10.74%. The business’s revenue was up .4% compared to the same quarter last year. During the same period in the prior year, the company earned $0.45 EPS. Sell-side analysts expect that MillerKnoll, Inc. will post 2.12 earnings per share for the current fiscal year.

MillerKnoll Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Sunday, June 1st will be paid a dividend of $0.1875 per share. This represents a $0.75 annualized dividend and a yield of 4.67%. The ex-dividend date of this dividend is Friday, May 30th. MillerKnoll’s payout ratio is 178.57%.

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.