Rhumbline Advisers Decreases Holdings in MillerKnoll, Inc. (NASDAQ:MLKN)

Rhumbline Advisers lowered its stake in MillerKnoll, Inc. (NASDAQ:MLKN) by 1.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 224,144 shares of the company’s stock after selling 4,200 shares during the period. Rhumbline Advisers owned approximately 0.33% of MillerKnoll worth $5,063,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in MLKN. Forager Capital Management LLC lifted its stake in shares of MillerKnoll by 45.9% in the 3rd quarter. Forager Capital Management LLC now owns 953,841 shares of the company’s stock valued at $23,617,000 after purchasing an additional 300,000 shares during the last quarter. Disciplined Growth Investors Inc. MN lifted its position in MillerKnoll by 157.4% in the third quarter. Disciplined Growth Investors Inc. MN now owns 852,584 shares of the company’s stock worth $21,110,000 after buying an additional 521,318 shares during the last quarter. Wellington Management Group LLP boosted its stake in MillerKnoll by 1.2% during the third quarter. Wellington Management Group LLP now owns 574,822 shares of the company’s stock worth $14,233,000 after buying an additional 6,576 shares during the period. Hotchkis & Wiley Capital Management LLC increased its position in MillerKnoll by 127.8% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 547,540 shares of the company’s stock valued at $13,557,000 after acquiring an additional 307,210 shares during the last quarter. Finally, Empowered Funds LLC increased its position in MillerKnoll by 5.1% during the fourth quarter. Empowered Funds LLC now owns 377,522 shares of the company’s stock valued at $8,528,000 after acquiring an additional 18,378 shares during the last quarter. 87.50% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

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

MillerKnoll Stock Down 4.3 %

Shares of NASDAQ:MLKN opened at $21.33 on Friday. The firm has a market capitalization of $1.45 billion, a PE ratio of 23.44, a price-to-earnings-growth ratio of 0.89 and a beta of 1.22. The business has a 50 day simple moving average of $22.22 and a two-hundred day simple moving average of $24.42. MillerKnoll, Inc. has a 1 year low of $20.89 and a 1 year high of $31.73. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.60 and a quick ratio of 0.99.

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

MillerKnoll Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Saturday, March 1st will be issued a dividend of $0.1875 per share. The ex-dividend date is Friday, February 28th. This represents a $0.75 dividend on an annualized basis and a yield of 3.52%. MillerKnoll’s payout ratio is 82.42%.

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.