Principal Financial Group Inc. Has $8.32 Million Stock Holdings in MillerKnoll, Inc. (NASDAQ:MLKN)

Principal Financial Group Inc. boosted its position in MillerKnoll, Inc. (NASDAQ:MLKN) by 2.8% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 368,453 shares of the company’s stock after purchasing an additional 9,924 shares during the period. Principal Financial Group Inc. owned about 0.54% of MillerKnoll worth $8,323,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in MLKN. Avior Wealth Management LLC grew its holdings in 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 buying an additional 1,448 shares in the last quarter. KBC Group NV grew its position 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 last quarter. Meeder Asset Management Inc. acquired a new stake in MillerKnoll in the third quarter valued at approximately $84,000. DekaBank Deutsche Girozentrale boosted its stake in shares of MillerKnoll by 99.7% during the third quarter. DekaBank Deutsche Girozentrale now owns 4,640 shares of the company’s stock valued at $112,000 after purchasing an additional 2,316 shares in the last quarter. Finally, Verition Fund Management LLC acquired a new position in MillerKnoll in the 3rd quarter valued at approximately $210,000. 87.50% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

MillerKnoll Stock Up 0.8 %

MLKN stock opened at $21.50 on Friday. The company has a market cap of $1.47 billion, a P/E ratio of 23.63, a price-to-earnings-growth ratio of 0.89 and a beta of 1.22. The stock’s 50 day simple moving average is $22.17 and its 200 day simple moving average is $24.36. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.99 and a current ratio of 1.60. MillerKnoll, Inc. has a fifty-two week low of $20.89 and a fifty-two week high of $31.73.

MillerKnoll (NASDAQ:MLKN) last announced its quarterly earnings results on Wednesday, December 18th. The company reported $0.55 earnings per share (EPS) for the quarter, topping 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 business had revenue of $970.40 million during the quarter, compared to the consensus estimate of $959.60 million. During the same quarter in the prior year, the company posted $0.59 earnings per share. MillerKnoll’s revenue was up 2.2% compared to the same quarter last year. On average, research analysts expect that MillerKnoll, Inc. will post 2.12 earnings per share for the current fiscal year.

MillerKnoll Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Saturday, March 1st will be paid a $0.1875 dividend. The ex-dividend date is Friday, February 28th. This represents a $0.75 dividend on an annualized basis and a yield of 3.49%. MillerKnoll’s dividend payout ratio (DPR) is presently 82.42%.

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.