MillerKnoll, Inc. (NASDAQ:MLKN) Stock Position Decreased by Quest Partners LLC

Quest Partners LLC lowered its holdings in MillerKnoll, Inc. (NASDAQ:MLKN) by 67.3% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,597 shares of the company’s stock after selling 13,578 shares during the period. Quest Partners LLC’s holdings in MillerKnoll were worth $175,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. raised its position in shares of MillerKnoll by 2.6% during the 1st quarter. Vanguard Group Inc. now owns 8,987,024 shares of the company’s stock worth $222,519,000 after purchasing an additional 226,792 shares during the period. Dimensional Fund Advisors LP grew its stake in MillerKnoll by 29.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,619,581 shares of the company’s stock worth $69,891,000 after buying an additional 593,447 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in MillerKnoll by 1.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,290,336 shares of the company’s stock worth $34,426,000 after buying an additional 15,407 shares during the period. Hennessy Advisors Inc. lifted its stake in MillerKnoll by 18.1% in the second quarter. Hennessy Advisors Inc. now owns 1,178,800 shares of the company’s stock valued at $31,226,000 after buying an additional 180,500 shares during the last quarter. Finally, LSV Asset Management boosted its holdings in shares of MillerKnoll by 0.7% during the first quarter. LSV Asset Management now owns 1,059,546 shares of the company’s stock valued at $26,234,000 after acquiring an additional 6,846 shares during the period. 87.50% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of MillerKnoll from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 3rd.

MillerKnoll Stock Performance

Shares of MLKN stock opened at $27.02 on Monday. MillerKnoll, Inc. has a 12-month low of $17.65 and a 12-month high of $31.73. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.53 and a quick ratio of 0.92. The firm has a market capitalization of $1.94 billion, a price-to-earnings ratio of 24.34, a price-to-earnings-growth ratio of 0.99 and a beta of 1.18. The business has a 50 day simple moving average of $28.44 and a 200 day simple moving average of $27.55.

MillerKnoll (NASDAQ:MLKN) last released its quarterly earnings results on Wednesday, June 26th. The company reported $0.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.54 by $0.13. The company had revenue of $888.90 million during the quarter, compared to analysts’ expectations of $898.65 million. MillerKnoll had a return on equity of 10.94% and a net margin of 2.27%. The company’s revenue for the quarter was down 7.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.41 earnings per share. On average, equities research analysts anticipate that MillerKnoll, Inc. will post 2.21 EPS for the current year.

MillerKnoll Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Saturday, August 31st will be issued a $0.1875 dividend. This represents a $0.75 annualized dividend and a dividend yield of 2.78%. The ex-dividend date of this dividend is Friday, August 30th. MillerKnoll’s dividend payout ratio (DPR) is presently 67.57%.

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.