Swiss National Bank Sells 3,900 Shares of MillerKnoll, Inc. (NASDAQ:MLKN)

Swiss National Bank cut its holdings in shares of MillerKnoll, Inc. (NASDAQ:MLKN) by 2.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 136,052 shares of the company’s stock after selling 3,900 shares during the quarter. Swiss National Bank owned about 0.20% of MillerKnoll worth $3,073,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Smartleaf Asset Management LLC increased its holdings in shares of MillerKnoll by 458.4% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,463 shares of the company’s stock valued at $33,000 after purchasing an additional 1,201 shares during the last quarter. KBC Group NV grew its stake in MillerKnoll by 62.9% in the 4th quarter. KBC Group NV now owns 3,319 shares of the company’s stock valued at $75,000 after buying an additional 1,281 shares during the last quarter. Avior Wealth Management LLC raised 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 acquiring an additional 1,448 shares during the period. Franklin Resources Inc. lifted its position in MillerKnoll by 5.6% during the third quarter. Franklin Resources Inc. now owns 39,928 shares of the company’s stock worth $973,000 after acquiring an additional 2,128 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of MillerKnoll by 1.6% during 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 worth $3,947,000 after acquiring an additional 2,449 shares during the period. Institutional investors own 87.50% of the company’s stock.

Analysts Set New Price Targets

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

MillerKnoll Trading Down 1.5 %

Shares of MillerKnoll stock opened at $18.34 on Thursday. MillerKnoll, Inc. has a 52-week low of $17.83 and a 52-week high of $31.73. The stock has a market cap of $1.25 billion, a PE ratio of 20.15, a PEG ratio of 0.89 and a beta of 1.22. The firm has a 50-day moving average of $21.28 and a 200-day moving average of $23.16. 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 (NASDAQ:MLKN) last announced its earnings results on Wednesday, March 26th. The company reported $0.44 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.44. MillerKnoll had a net margin of 1.81% and a return on equity of 10.74%. The firm had revenue of $876.20 million for the quarter, compared to analyst estimates of $918.88 million. During the same quarter in the prior year, the business posted $0.45 EPS. The business’s revenue was up .4% compared to the same quarter last year. As a group, sell-side analysts forecast 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. Shareholders of record on Saturday, March 1st will be issued a $0.1875 dividend. The ex-dividend date is Friday, February 28th. This represents a $0.75 annualized dividend and a yield of 4.09%. MillerKnoll’s dividend payout ratio 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.