MillerKnoll, Inc. (NASDAQ:MLKN) Shares Acquired by Wellington Management Group LLP

Wellington Management Group LLP lifted its stake in MillerKnoll, Inc. (NASDAQ:MLKN) by 1.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 574,822 shares of the company’s stock after purchasing an additional 6,576 shares during the period. Wellington Management Group LLP owned approximately 0.83% of MillerKnoll worth $14,233,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. GAMMA Investing LLC lifted its position in shares of MillerKnoll by 35.0% during the 3rd quarter. GAMMA Investing LLC now owns 1,642 shares of the company’s stock valued at $41,000 after acquiring an additional 426 shares during the period. SummerHaven Investment Management LLC increased its stake in MillerKnoll by 1.3% in the 2nd quarter. SummerHaven Investment Management LLC now owns 44,779 shares of the company’s stock valued at $1,186,000 after purchasing an additional 580 shares in the last quarter. Bank of Montreal Can raised its holdings in MillerKnoll by 6.0% during the second quarter. Bank of Montreal Can now owns 13,551 shares of the company’s stock worth $359,000 after purchasing an additional 768 shares during the last quarter. EverSource Wealth Advisors LLC raised its holdings in MillerKnoll by 254.3% during the second quarter. EverSource Wealth Advisors LLC now owns 1,201 shares of the company’s stock worth $32,000 after purchasing an additional 862 shares during the last quarter. Finally, Hsbc Holdings PLC boosted its position in MillerKnoll by 10.3% during the second quarter. Hsbc Holdings PLC now owns 9,761 shares of the company’s stock worth $256,000 after purchasing an additional 908 shares in the last quarter. Hedge funds and other institutional investors own 87.50% of the company’s stock.

MillerKnoll Stock Up 1.9 %

Shares of NASDAQ MLKN opened at $25.11 on Friday. The firm’s 50-day moving average is $24.40 and its two-hundred day moving average is $26.22. The company has a market capitalization of $1.74 billion, a PE ratio of 28.86, a price-to-earnings-growth ratio of 0.96 and a beta of 1.20. MillerKnoll, Inc. has a 12-month low of $22.35 and a 12-month 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.

MillerKnoll (NASDAQ:MLKN) last posted its quarterly earnings data on Thursday, September 19th. The company reported $0.36 EPS for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.04). MillerKnoll had a return on equity of 10.93% and a net margin of 1.80%. The company had revenue of $861.50 million for the quarter, compared to analysts’ expectations of $889.38 million. During the same quarter in the prior year, the business posted $0.37 EPS. The company’s revenue for the quarter was down 6.1% compared to the same quarter last year. Equities analysts anticipate that MillerKnoll, Inc. will post 2.17 EPS for the current fiscal year.

MillerKnoll Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Saturday, November 30th will be given a $0.1875 dividend. This represents a $0.75 dividend on an annualized basis and a dividend yield of 2.99%. The ex-dividend date is Friday, November 29th. MillerKnoll’s dividend payout ratio is currently 86.21%.

Analysts Set New Price Targets

Separately, StockNews.com downgraded MillerKnoll from a “buy” rating to a “hold” rating in a research note 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.