State of New Jersey Common Pension Fund D Sells 5,590 Shares of MillerKnoll, Inc. (NASDAQ:MLKN)

State of New Jersey Common Pension Fund D cut its holdings in shares of MillerKnoll, Inc. (NASDAQ:MLKN) by 7.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 66,163 shares of the company’s stock after selling 5,590 shares during the period. State of New Jersey Common Pension Fund D owned approximately 0.10% of MillerKnoll worth $1,638,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Mather Group LLC. acquired a new position in shares of MillerKnoll in the 2nd quarter valued at approximately $30,000. EverSource Wealth Advisors LLC boosted its holdings in shares of MillerKnoll by 254.3% in the second quarter. EverSource Wealth Advisors LLC now owns 1,201 shares of the company’s stock valued at $32,000 after buying an additional 862 shares during the period. GAMMA Investing LLC increased its position in shares of MillerKnoll by 35.0% during the third quarter. GAMMA Investing LLC now owns 1,642 shares of the company’s stock worth $41,000 after acquiring an additional 426 shares in the last quarter. EntryPoint Capital LLC raised its holdings in shares of MillerKnoll by 566.9% during the first quarter. EntryPoint Capital LLC now owns 2,661 shares of the company’s stock worth $66,000 after acquiring an additional 2,262 shares during the period. Finally, Opal Wealth Advisors LLC bought a new stake in MillerKnoll in the 2nd quarter valued at $85,000. 87.50% of the stock is owned by institutional investors and hedge funds.

MillerKnoll Trading Down 0.5 %

NASDAQ MLKN opened at $23.76 on Tuesday. MillerKnoll, Inc. has a 52 week low of $22.35 and a 52 week high of $31.73. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.93 and a current ratio of 1.59. The stock’s 50 day moving average price is $24.62 and its two-hundred day moving average price is $26.53. The stock has a market capitalization of $1.64 billion, a price-to-earnings ratio of 27.31, a PEG ratio of 0.92 and a beta of 1.18.

MillerKnoll (NASDAQ:MLKN) last announced its quarterly earnings data on Thursday, September 19th. The company reported $0.36 EPS for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.04). The business had revenue of $861.50 million during the quarter, compared to the consensus estimate of $889.38 million. MillerKnoll had a return on equity of 10.93% and a net margin of 1.80%. The business’s revenue for the quarter was down 6.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.37 EPS. As a group, analysts anticipate that MillerKnoll, Inc. will post 2.17 earnings per share for the current fiscal year.

MillerKnoll Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Saturday, November 30th will be given a $0.1875 dividend. This represents a $0.75 dividend on an annualized basis and a dividend yield of 3.16%. The ex-dividend date of this dividend is Friday, November 29th. MillerKnoll’s dividend payout ratio is currently 86.21%.

Analysts Set New Price Targets

Separately, StockNews.com downgraded MillerKnoll from a “buy” rating to a “hold” rating in a research note on Thursday, October 10th.

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.