Charles Schwab Investment Management Inc. Has $29.66 Million Position in MillerKnoll, Inc. (NASDAQ:MLKN)

Charles Schwab Investment Management Inc. lifted its holdings in MillerKnoll, Inc. (NASDAQ:MLKN) by 3.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,312,945 shares of the company’s stock after purchasing an additional 42,343 shares during the period. Charles Schwab Investment Management Inc. owned 1.93% of MillerKnoll worth $29,659,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the business. Principal Financial Group Inc. increased its position in MillerKnoll by 1.5% in the 3rd quarter. Principal Financial Group Inc. now owns 358,529 shares of the company’s stock worth $8,877,000 after buying an additional 5,155 shares during the period. Quest Partners LLC grew its stake in shares of MillerKnoll by 72.2% in the third quarter. Quest Partners LLC now owns 11,360 shares of the company’s stock worth $281,000 after acquiring an additional 4,763 shares during the last quarter. Meeder Asset Management Inc. bought a new position in MillerKnoll during the third quarter worth $84,000. Intech Investment Management LLC raised its stake in MillerKnoll by 289.0% during the 3rd quarter. Intech Investment Management LLC now owns 62,473 shares of the company’s stock valued at $1,547,000 after purchasing an additional 46,413 shares during the last quarter. Finally, FMR LLC boosted its holdings in MillerKnoll by 939.8% in the 3rd quarter. FMR LLC now owns 38,784 shares of the company’s stock valued at $960,000 after purchasing an additional 35,054 shares during the period. Institutional investors and hedge funds own 87.50% of the company’s stock.

MillerKnoll Trading Up 0.6 %

MillerKnoll stock opened at $19.24 on Tuesday. The business has a 50 day moving average price of $21.69 and a two-hundred day moving average price of $23.59. The company has a quick ratio of 0.99, a current ratio of 1.60 and a debt-to-equity ratio of 1.02. MillerKnoll, Inc. has a 12 month low of $18.89 and a 12 month high of $31.73. The stock has a market cap of $1.31 billion, a price-to-earnings ratio of 21.14, a price-to-earnings-growth ratio of 0.89 and a beta of 1.22.

MillerKnoll (NASDAQ:MLKN) last issued its earnings results on Wednesday, December 18th. The company reported $0.55 EPS for the quarter, beating 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 business had revenue of $970.40 million during the quarter, compared to analyst estimates of $959.60 million. During the same period in the prior year, the company posted $0.59 earnings per share. MillerKnoll’s revenue was up 2.2% on a year-over-year basis. As a group, equities analysts forecast that MillerKnoll, Inc. will post 2.12 EPS for the current year.

MillerKnoll Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Saturday, March 1st will be paid a $0.1875 dividend. The ex-dividend date is Friday, February 28th. This represents a $0.75 dividend on an annualized basis and a yield of 3.90%. MillerKnoll’s payout ratio is currently 82.42%.

Analyst Upgrades and Downgrades

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

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.