California State Teachers Retirement System Decreases Holdings in MillerKnoll, Inc. (NASDAQ:MLKN)

California State Teachers Retirement System decreased its holdings in shares of MillerKnoll, Inc. (NASDAQ:MLKN) by 4.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 64,687 shares of the company’s stock after selling 2,943 shares during the quarter. California State Teachers Retirement System owned approximately 0.09% of MillerKnoll worth $1,461,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in MLKN. Smartleaf Asset Management LLC lifted its stake in MillerKnoll by 458.4% during the fourth 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 during the last quarter. Studio Investment Management LLC lifted its position in shares of MillerKnoll by 29.9% during the 4th quarter. Studio Investment Management LLC now owns 2,149 shares of the company’s stock worth $49,000 after buying an additional 495 shares during the last quarter. Sterling Capital Management LLC lifted its position in shares of MillerKnoll by 793.5% during the 4th quarter. Sterling Capital Management LLC now owns 2,198 shares of the company’s stock worth $50,000 after buying an additional 1,952 shares during the last quarter. KBC Group NV lifted its position in shares of MillerKnoll by 62.9% during the 4th quarter. KBC Group NV now owns 3,319 shares of the company’s stock worth $75,000 after buying an additional 1,281 shares during the last quarter. Finally, Dark Forest Capital Management LP purchased a new stake in MillerKnoll in the fourth quarter valued at $221,000. Hedge funds and other institutional investors own 87.50% of the company’s stock.

MillerKnoll Price Performance

Shares of NASDAQ MLKN opened at $17.07 on Monday. The company has a current ratio of 1.60, a quick ratio of 0.99 and a debt-to-equity ratio of 1.02. MillerKnoll, Inc. has a twelve month low of $15.25 and a twelve month high of $31.73. The stock has a 50 day moving average of $16.75 and a two-hundred day moving average of $20.29. The stock has a market cap of $1.16 billion, a P/E ratio of 18.76, a P/E/G ratio of 0.89 and a beta of 1.17.

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

MillerKnoll Dividend Announcement

The business 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 4.39%. The ex-dividend date is Friday, May 30th. MillerKnoll’s dividend payout ratio is presently 178.57%.

Analyst Ratings Changes

MLKN has been the subject of a number of research reports. Wall Street Zen raised shares of MillerKnoll from a “hold” rating to a “buy” rating in a research report on Monday, May 12th. Sidoti raised MillerKnoll to a “hold” rating in a report on Tuesday, March 25th.

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.