Voya Investment Management LLC decreased its stake in shares of MillerKnoll, Inc. (NASDAQ:MLKN – Free Report) by 13.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 18,545 shares of the company’s stock after selling 2,821 shares during the period. Voya Investment Management LLC’s holdings in MillerKnoll were worth $355,000 at the end of the most recent quarter.
Several other large investors also recently made changes to their positions in MLKN. LSV Asset Management increased its position in shares of MillerKnoll by 36.4% during the first quarter. LSV Asset Management now owns 1,280,484 shares of the company’s stock worth $24,508,000 after acquiring an additional 342,048 shares in the last quarter. Jane Street Group LLC grew its position in MillerKnoll by 311.8% in the first quarter. Jane Street Group LLC now owns 414,275 shares of the company’s stock valued at $7,929,000 after purchasing an additional 313,684 shares in the last quarter. Raymond James Financial Inc. grew its position in MillerKnoll by 877.9% in the first quarter. Raymond James Financial Inc. now owns 334,772 shares of the company’s stock valued at $6,407,000 after purchasing an additional 300,539 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in MillerKnoll in the fourth quarter valued at $6,576,000. Finally, Wellington Management Group LLP grew its position in MillerKnoll by 39.9% in the fourth quarter. Wellington Management Group LLP now owns 804,105 shares of the company’s stock valued at $18,165,000 after purchasing an additional 229,283 shares in the last quarter. Institutional investors own 87.50% of the company’s stock.
MillerKnoll Stock Performance
Shares of MLKN opened at $17.98 on Monday. The firm has a 50-day moving average of $20.29 and a 200-day moving average of $18.68. MillerKnoll, Inc. has a one year low of $15.25 and a one year high of $25.96. The company has a market cap of $1.23 billion, a PE ratio of -71.92, a price-to-earnings-growth ratio of 0.83 and a beta of 1.25. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.67 and a quick ratio of 0.96.
MillerKnoll Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Sunday, August 31st will be paid a dividend of $0.1875 per share. This represents a $0.75 dividend on an annualized basis and a dividend yield of 4.2%. The ex-dividend date is Friday, August 29th. MillerKnoll’s dividend payout ratio (DPR) is currently -300.00%.
Analysts Set New Price Targets
A number of research analysts recently weighed in on MLKN shares. Zacks Research raised shares of MillerKnoll from a “strong sell” rating to a “hold” rating in a research report on Monday, August 25th. Wall Street Zen raised shares of MillerKnoll from a “hold” rating to a “buy” rating in a research report on Monday, September 22nd. Finally, Benchmark raised shares of MillerKnoll to a “hold” rating in a research report on Friday, June 27th. Three analysts have rated the stock with a Hold rating, According to MarketBeat, MillerKnoll currently has an average rating of “Hold”.
Get Our Latest Research Report on MLKN
MillerKnoll Company 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.
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