Bank of Montreal Can Increases Position in MillerKnoll, Inc. (NASDAQ:MLKN)

Bank of Montreal Can boosted its stake in shares of MillerKnoll, Inc. (NASDAQ:MLKN) by 6.0% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 13,551 shares of the company’s stock after acquiring an additional 768 shares during the period. Bank of Montreal Can’s holdings in MillerKnoll were worth $359,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Nordea Investment Management AB acquired a new position in shares of MillerKnoll during the first quarter worth $2,933,000. Kingsview Wealth Management LLC lifted its stake in shares of MillerKnoll by 173.8% in the 1st quarter. Kingsview Wealth Management LLC now owns 163,572 shares of the company’s stock valued at $4,050,000 after purchasing an additional 103,826 shares in the last quarter. Hennessy Advisors Inc. lifted its stake in shares of MillerKnoll by 14.1% during the first quarter. Hennessy Advisors Inc. now owns 998,300 shares of the company’s stock worth $24,718,000 after purchasing an additional 123,400 shares in the last quarter. William Blair Investment Management LLC increased its stake in MillerKnoll by 8.8% during the 1st quarter. William Blair Investment Management LLC now owns 954,391 shares of the company’s stock worth $23,631,000 after buying an additional 76,994 shares during the period. Finally, Empowered Funds LLC bought a new stake in shares of MillerKnoll in the first quarter worth $7,311,000. Hedge funds and other institutional investors own 87.50% of the company’s stock.

MillerKnoll Trading Down 2.5 %

Shares of MillerKnoll stock opened at $23.61 on Friday. The company has a quick ratio of 0.93, a current ratio of 1.59 and a debt-to-equity ratio of 0.99. The firm has a market cap of $1.69 billion, a price-to-earnings ratio of 21.27, a price-to-earnings-growth ratio of 0.93 and a beta of 1.17. MillerKnoll, Inc. has a fifty-two week low of $22.43 and a fifty-two week high of $31.73. The business has a fifty day simple moving average of $27.06 and a 200-day simple moving average of $26.93.

MillerKnoll (NASDAQ:MLKN) last posted its quarterly earnings results on Thursday, September 19th. The company reported $0.36 earnings per share for the quarter, missing the consensus estimate of $0.40 by ($0.04). MillerKnoll had a net margin of 1.80% and a return on equity of 10.93%. The business had revenue of $861.50 million for the quarter, compared to analyst estimates of $889.38 million. During the same period in the previous year, the firm posted $0.37 earnings per share. The firm’s quarterly revenue was down 6.1% on a year-over-year basis. On average, equities analysts forecast that MillerKnoll, Inc. will post 2.17 EPS for the current fiscal year.

MillerKnoll Dividend Announcement

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 $0.1875 dividend. This represents a $0.75 dividend on an annualized basis and a dividend yield of 3.18%. The ex-dividend date of this dividend is Friday, August 30th. MillerKnoll’s dividend payout ratio is 67.57%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded MillerKnoll from a “buy” rating to a “hold” rating in a research note on Thursday.

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.