State of New Jersey Common Pension Fund D Buys 23,239 Shares of MillerKnoll, Inc. (NASDAQ:MLKN)

State of New Jersey Common Pension Fund D raised its stake in shares of MillerKnoll, Inc. (NASDAQ:MLKN) by 35.1% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 89,402 shares of the company’s stock after purchasing an additional 23,239 shares during the quarter. State of New Jersey Common Pension Fund D owned 0.13% of MillerKnoll worth $2,020,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. KBC Group NV increased its stake in MillerKnoll by 62.9% in the fourth quarter. KBC Group NV now owns 3,319 shares of the company’s stock valued at $75,000 after acquiring an additional 1,281 shares during the period. Avior Wealth Management LLC grew its stake in shares of MillerKnoll by 228.8% in the 4th quarter. Avior Wealth Management LLC now owns 2,081 shares of the company’s stock valued at $47,000 after purchasing an additional 1,448 shares during the period. Franklin Resources Inc. grew its position in MillerKnoll by 5.6% in the third quarter. Franklin Resources Inc. now owns 39,928 shares of the company’s stock valued at $973,000 after acquiring an additional 2,128 shares during the period. DekaBank Deutsche Girozentrale grew its position in MillerKnoll by 99.7% in the third quarter. DekaBank Deutsche Girozentrale now owns 4,640 shares of the company’s stock valued at $112,000 after acquiring an additional 2,316 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in MillerKnoll by 1.6% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 159,420 shares of the company’s stock valued at $3,947,000 after acquiring an additional 2,449 shares during the period. Institutional investors own 87.50% of the company’s stock.

MillerKnoll Price Performance

Shares of MillerKnoll stock opened at $22.24 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. The stock has a market capitalization of $1.52 billion, a price-to-earnings ratio of 24.44, a P/E/G ratio of 0.89 and a beta of 1.22. MillerKnoll, Inc. has a 1-year low of $20.89 and a 1-year high of $31.73. The firm’s 50-day moving average price is $22.39 and its two-hundred day moving average price is $24.52.

MillerKnoll (NASDAQ:MLKN) last released its quarterly earnings results on Wednesday, December 18th. The company reported $0.55 EPS for the quarter, topping analysts’ consensus estimates of $0.54 by $0.01. The business had revenue of $970.40 million for the quarter, compared to analyst estimates of $959.60 million. MillerKnoll had a return on equity of 10.74% and a net margin of 1.81%. MillerKnoll’s revenue for the quarter was up 2.2% on a year-over-year basis. During the same period in the prior year, the company earned $0.59 EPS. On average, equities analysts predict that MillerKnoll, Inc. will post 2.12 earnings per share for the current fiscal year.

MillerKnoll Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Saturday, March 1st will be issued a dividend of $0.1875 per share. This represents a $0.75 dividend on an annualized basis and a yield of 3.37%. The ex-dividend date of this dividend is Friday, February 28th. MillerKnoll’s dividend payout ratio is currently 82.42%.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of MillerKnoll from a “hold” rating to a “buy” rating in a report on Wednesday, January 15th.

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.