New York State Teachers Retirement System Decreases Stake in MillerKnoll, Inc. (NASDAQ:MLKN)

New York State Teachers Retirement System cut its holdings in MillerKnoll, Inc. (NASDAQ:MLKN) by 6.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 99,600 shares of the company’s stock after selling 7,150 shares during the quarter. New York State Teachers Retirement System owned 0.15% of MillerKnoll worth $2,250,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of MLKN. DekaBank Deutsche Girozentrale grew its holdings in MillerKnoll by 99.7% in 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 during the last quarter. Harbor Capital Advisors Inc. grew its holdings in MillerKnoll by 122.9% in the third quarter. Harbor Capital Advisors Inc. now owns 18,166 shares of the company’s stock valued at $450,000 after purchasing an additional 10,016 shares during the last quarter. Principal Financial Group Inc. grew its holdings in MillerKnoll by 1.5% in the third quarter. Principal Financial Group Inc. now owns 358,529 shares of the company’s stock valued at $8,877,000 after purchasing an additional 5,155 shares during the last quarter. Versor Investments LP acquired a new stake in MillerKnoll in the third quarter valued at $723,000. Finally, Empowered Funds LLC grew its holdings in MillerKnoll by 5.3% in the third quarter. Empowered Funds LLC now owns 359,144 shares of the company’s stock valued at $8,892,000 after purchasing an additional 18,224 shares during the last quarter. 87.50% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, StockNews.com raised MillerKnoll from a “hold” rating to a “buy” rating in a research note on Wednesday, January 15th.

MillerKnoll Stock Performance

MillerKnoll stock opened at $22.24 on Friday. The stock’s 50-day moving average is $22.39 and its 200-day moving average is $24.54. The company has a market cap of $1.52 billion, a price-to-earnings ratio of 24.44, a price-to-earnings-growth ratio of 0.89 and a beta of 1.22. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.60 and a quick ratio of 0.99. MillerKnoll, Inc. has a 12 month low of $20.89 and a 12 month high of $31.73.

MillerKnoll (NASDAQ:MLKN) last announced its earnings results on Wednesday, December 18th. The company reported $0.55 EPS for the quarter, beating the consensus estimate of $0.54 by $0.01. The business had revenue of $970.40 million for the quarter, compared to the consensus estimate of $959.60 million. MillerKnoll had a return on equity of 10.74% and a net margin of 1.81%. The company’s revenue was up 2.2% on a year-over-year basis. During the same period last year, the business posted $0.59 EPS. Equities analysts anticipate that MillerKnoll, Inc. will post 2.12 earnings per share for the current year.

MillerKnoll Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Saturday, March 1st will be paid a dividend of $0.1875 per share. The ex-dividend date is Friday, February 28th. This represents a $0.75 dividend on an annualized basis and a yield of 3.37%. MillerKnoll’s dividend payout ratio (DPR) is presently 82.42%.

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.