Texas Permanent School Fund Corp Boosts Holdings in MillerKnoll, Inc. (NASDAQ:MLKN)

Texas Permanent School Fund Corp lifted its stake in shares of MillerKnoll, Inc. (NASDAQ:MLKN) by 10.7% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 70,563 shares of the company’s stock after purchasing an additional 6,833 shares during the period. Texas Permanent School Fund Corp owned about 0.10% of MillerKnoll worth $1,869,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Nomura Asset Management Co. Ltd. lifted its position in shares of MillerKnoll by 100.0% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 1,140 shares of the company’s stock valued at $30,000 after acquiring an additional 570 shares in the last quarter. Mather Group LLC. acquired a new stake in MillerKnoll during the 2nd quarter worth $30,000. Quadrant Capital Group LLC grew its holdings in shares of MillerKnoll by 46.5% during the fourth quarter. Quadrant Capital Group LLC now owns 1,537 shares of the company’s stock worth $41,000 after buying an additional 488 shares in the last quarter. EntryPoint Capital LLC raised its position in shares of MillerKnoll by 566.9% in the first quarter. EntryPoint Capital LLC now owns 2,661 shares of the company’s stock valued at $66,000 after buying an additional 2,262 shares during the last quarter. Finally, Opal Wealth Advisors LLC purchased a new position in shares of MillerKnoll in the second quarter worth about $85,000. Institutional investors and hedge funds own 87.50% of the company’s stock.

Wall Street Analysts Forecast Growth

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

MillerKnoll Stock Performance

NASDAQ MLKN opened at $27.43 on Wednesday. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.92 and a current ratio of 1.53. The stock’s fifty day moving average is $28.48 and its two-hundred day moving average is $27.51. The firm has a market capitalization of $1.97 billion, a P/E ratio of 24.71, a price-to-earnings-growth ratio of 0.99 and a beta of 1.18. MillerKnoll, Inc. has a fifty-two week low of $18.00 and a fifty-two week high of $31.73.

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

MillerKnoll Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Saturday, August 31st will be given a dividend of $0.1875 per share. This represents a $0.75 annualized dividend and a dividend yield of 2.73%. The ex-dividend date is Friday, August 30th. MillerKnoll’s payout ratio is presently 67.57%.

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.