MillerKnoll, Inc. (NASDAQ:MLKN) Shares Sold by New York State Common Retirement Fund

New York State Common Retirement Fund decreased its stake in MillerKnoll, Inc. (NASDAQ:MLKN) by 2.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 49,261 shares of the company’s stock after selling 1,215 shares during the period. New York State Common Retirement Fund owned 0.07% of MillerKnoll worth $1,113,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. DekaBank Deutsche Girozentrale lifted its position in MillerKnoll by 99.7% in the 3rd 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 stake in shares of MillerKnoll by 122.9% in the third quarter. Harbor Capital Advisors Inc. now owns 18,166 shares of the company’s stock worth $450,000 after purchasing an additional 10,016 shares in the last quarter. Principal Financial Group Inc. increased its holdings in shares of MillerKnoll by 1.5% during 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 period. Versor Investments LP bought a new stake in shares of MillerKnoll during the third quarter valued at about $723,000. Finally, Empowered Funds LLC lifted its holdings in MillerKnoll by 5.3% in the third quarter. Empowered Funds LLC now owns 359,144 shares of the company’s stock worth $8,892,000 after purchasing an additional 18,224 shares during the period. Institutional investors and hedge funds own 87.50% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of MillerKnoll from a “hold” rating to a “buy” rating in a research report on Wednesday, January 15th.

MillerKnoll Price Performance

Shares of NASDAQ:MLKN opened at $21.03 on Tuesday. The stock has a market cap of $1.43 billion, a price-to-earnings ratio of 23.11, a PEG 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. The stock’s 50 day moving average price is $22.17 and its 200 day moving average price is $24.31.

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

MillerKnoll Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Saturday, March 1st will be given a dividend of $0.1875 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $0.75 annualized dividend and a dividend yield of 3.57%. MillerKnoll’s dividend payout ratio (DPR) is 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.