DekaBank Deutsche Girozentrale Has $112,000 Stock Holdings in MillerKnoll, Inc. (NASDAQ:MLKN)

DekaBank Deutsche Girozentrale boosted its stake in shares of MillerKnoll, Inc. (NASDAQ:MLKN) by 99.7% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 4,640 shares of the company’s stock after buying an additional 2,316 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in MillerKnoll were worth $112,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of MLKN. Nordea Investment Management AB acquired a new stake in MillerKnoll during the 1st quarter valued at $2,933,000. Daiwa Securities Group Inc. raised its holdings in MillerKnoll by 613.3% in the 1st quarter. Daiwa Securities Group Inc. now owns 10,700 shares of the company’s stock valued at $265,000 after acquiring an additional 9,200 shares during the period. LSV Asset Management lifted its position in MillerKnoll by 0.7% during the first quarter. LSV Asset Management now owns 1,059,546 shares of the company’s stock worth $26,234,000 after acquiring an additional 6,846 shares during the last quarter. Empowered Funds LLC bought a new position in shares of MillerKnoll during the first quarter worth approximately $7,311,000. Finally, Illinois Municipal Retirement Fund boosted its stake in MillerKnoll by 3.1% in the 1st quarter. Illinois Municipal Retirement Fund now owns 43,682 shares of the company’s stock valued at $1,082,000 after purchasing an additional 1,327 shares during the period. 87.50% of the stock is currently owned by institutional investors.

MillerKnoll Price Performance

MillerKnoll stock opened at $22.80 on Monday. The firm has a market cap of $1.58 billion, a PE ratio of 26.21, a price-to-earnings-growth ratio of 0.86 and a beta of 1.18. MillerKnoll, Inc. has a one year low of $22.35 and a one year high of $31.73. 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 stock’s fifty day moving average price is $25.58 and its two-hundred day moving average price is $26.63.

MillerKnoll (NASDAQ:MLKN) last announced its quarterly earnings data 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). MillerKnoll had a net margin of 1.80% and a return on equity of 10.93%. The firm had revenue of $861.50 million during the quarter, compared to the consensus estimate of $889.38 million. During the same period last year, the business earned $0.37 earnings per share. The business’s revenue was down 6.1% compared to the same quarter last year. As a group, research analysts expect that MillerKnoll, Inc. will post 2.17 EPS for the current fiscal year.

MillerKnoll Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Saturday, November 30th will be given a dividend of $0.1875 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a $0.75 annualized dividend and a dividend yield of 3.29%. MillerKnoll’s dividend payout ratio is currently 86.21%.

Wall Street Analysts Forecast Growth

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

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.