Franklin Resources Inc. Increases Holdings in MillerKnoll, Inc. (NASDAQ:MLKN)

Franklin Resources Inc. boosted its position in shares of MillerKnoll, Inc. (NASDAQ:MLKN) by 5.6% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 39,928 shares of the company’s stock after purchasing an additional 2,128 shares during the quarter. Franklin Resources Inc. owned about 0.06% of MillerKnoll worth $973,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also made changes to their positions in MLKN. FMR LLC lifted its stake in MillerKnoll by 939.8% in the third quarter. FMR LLC now owns 38,784 shares of the company’s stock worth $960,000 after acquiring an additional 35,054 shares during the period. Forager Capital Management LLC raised its holdings in shares of MillerKnoll by 45.9% in the 3rd quarter. Forager Capital Management LLC now owns 953,841 shares of the company’s stock valued at $23,617,000 after purchasing an additional 300,000 shares in the last quarter. Jane Street Group LLC boosted its stake in shares of MillerKnoll by 56.6% during the third quarter. Jane Street Group LLC now owns 90,960 shares of the company’s stock valued at $2,252,000 after purchasing an additional 32,861 shares in the last quarter. The Manufacturers Life Insurance Company boosted its stake in shares of MillerKnoll by 3.8% during the second quarter. The Manufacturers Life Insurance Company now owns 40,269 shares of the company’s stock valued at $1,067,000 after purchasing an additional 1,463 shares in the last quarter. Finally, Barclays PLC increased its holdings in MillerKnoll by 37.7% during the third quarter. Barclays PLC now owns 119,389 shares of the company’s stock valued at $2,957,000 after buying an additional 32,686 shares during the period. 87.50% of the stock is currently owned by hedge funds and other institutional investors.

MillerKnoll Price Performance

MLKN opened at $22.43 on Friday. The firm has a market capitalization of $1.55 billion, a PE ratio of 25.78, a price-to-earnings-growth ratio of 0.96 and a beta of 1.20. The business’s 50-day moving average is $24.11 and its two-hundred day moving average is $25.98. MillerKnoll, Inc. has a 1 year low of $20.89 and a 1 year high of $31.73. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.59 and a quick ratio of 0.93.

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

MillerKnoll Announces Dividend

The firm 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 dividend of $0.1875 per share. This represents a $0.75 annualized dividend and a yield of 3.34%. The ex-dividend date of this dividend is Friday, November 29th. MillerKnoll’s dividend payout ratio is currently 82.42%.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised MillerKnoll from a “hold” rating to a “buy” rating in a research report on Friday, December 20th.

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.