Geode Capital Management LLC Sells 25,769 Shares of MillerKnoll, Inc. (NASDAQ:MLKN)

Geode Capital Management LLC lowered its stake in shares of MillerKnoll, Inc. (NASDAQ:MLKN) by 1.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,681,283 shares of the company’s stock after selling 25,769 shares during the period. Geode Capital Management LLC owned approximately 2.43% of MillerKnoll worth $41,636,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in MLKN. EverSource Wealth Advisors LLC grew its position in MillerKnoll by 254.3% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,201 shares of the company’s stock valued at $32,000 after purchasing 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. Meeder Asset Management Inc. purchased a new stake in shares of MillerKnoll in the third quarter worth approximately $84,000. Innealta Capital LLC bought a new position in MillerKnoll during the 2nd quarter valued at $87,000. Finally, DekaBank Deutsche Girozentrale lifted its position 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. Institutional investors own 87.50% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of MillerKnoll from a “hold” rating to a “buy” rating in a research note on Friday, December 20th.

MillerKnoll Stock Performance

Shares of MillerKnoll stock opened at $22.03 on Wednesday. The firm has a market capitalization of $1.52 billion, a P/E ratio of 25.32, a price-to-earnings-growth ratio of 0.96 and a beta of 1.20. The company has a current ratio of 1.59, a quick ratio of 0.93 and a debt-to-equity ratio of 0.99. The business’s fifty day simple moving average is $24.34 and its 200 day simple moving average is $26.08. MillerKnoll, Inc. has a 12 month low of $20.89 and a 12 month high of $31.73.

MillerKnoll (NASDAQ:MLKN) last issued its quarterly earnings results on Wednesday, December 18th. The company reported $0.55 earnings per share for the quarter, topping analysts’ consensus estimates of $0.54 by $0.01. MillerKnoll had a net margin of 1.80% and a return on equity of 10.93%. The company had revenue of $970.40 million for the quarter, compared to the consensus estimate of $959.60 million. During the same period in the previous year, the firm earned $0.59 EPS. The firm’s quarterly revenue was up 2.2% on a year-over-year basis. As a group, analysts anticipate that MillerKnoll, Inc. will post 2.17 EPS for the current year.

MillerKnoll Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Saturday, November 30th will be issued a $0.1875 dividend. The ex-dividend date is Friday, November 29th. This represents a $0.75 dividend on an annualized basis and a dividend yield of 3.40%. MillerKnoll’s dividend payout ratio (DPR) is presently 82.42%.

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.