Sei Investments Co. Boosts Position in MillerKnoll, Inc. $MLKN

Sei Investments Co. increased its stake in MillerKnoll, Inc. (NASDAQ:MLKN) by 208.6% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 234,431 shares of the company’s stock after acquiring an additional 158,472 shares during the quarter. Sei Investments Co.’s holdings in MillerKnoll were worth $3,390,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Cassaday & Co Wealth Management LLC bought a new position in MillerKnoll in the 1st quarter worth about $26,000. Osaic Holdings Inc. raised its stake in shares of MillerKnoll by 36.5% during the second quarter. Osaic Holdings Inc. now owns 1,941 shares of the company’s stock valued at $38,000 after acquiring an additional 519 shares in the last quarter. Lloyd Advisory Services LLC. bought a new stake in shares of MillerKnoll during the fourth quarter valued at approximately $46,000. KBC Group NV boosted its holdings in shares of MillerKnoll by 92.1% in the first quarter. KBC Group NV now owns 3,803 shares of the company’s stock valued at $55,000 after purchasing an additional 1,823 shares during the period. Finally, Harbour Investments Inc. boosted its holdings in shares of MillerKnoll by 47.7% in the fourth quarter. Harbour Investments Inc. now owns 3,095 shares of the company’s stock valued at $57,000 after purchasing an additional 1,000 shares during the period. Institutional investors own 87.50% of the company’s stock.

Wall Street Analysts Forecast Growth

MLKN has been the topic of several research reports. Zacks Research upgraded MillerKnoll from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 26th. Wall Street Zen cut MillerKnoll from a “buy” rating to a “hold” rating in a report on Sunday, July 26th. Finally, Weiss Ratings raised MillerKnoll from a “sell (d+)” rating to a “hold (c)” rating in a research report on Friday, July 24th. One equities research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, MillerKnoll presently has a consensus rating of “Hold”.

MillerKnoll Trading Up 3.4%

NASDAQ:MLKN opened at $24.49 on Friday. MillerKnoll, Inc. has a one year low of $13.77 and a one year high of $24.71. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.90 and a current ratio of 1.58. The firm has a market cap of $1.67 billion, a P/E ratio of 18.55, a P/E/G ratio of 0.98 and a beta of 1.36. The firm has a 50-day simple moving average of $19.48 and a 200-day simple moving average of $18.55.

MillerKnoll (NASDAQ:MLKN) last announced its quarterly earnings results on Wednesday, June 24th. The company reported $0.55 earnings per share for the quarter, topping the consensus estimate of $0.52 by $0.03. The firm had revenue of $1 billion during the quarter, compared to analysts’ expectations of $973.87 million. MillerKnoll had a net margin of 2.38% and a return on equity of 9.77%. The company’s revenue was up 4.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.60 EPS. MillerKnoll has set its FY 2027 guidance at 1.850-2.150 EPS and its Q1 2027 guidance at 0.330-0.390 EPS. Equities analysts anticipate that MillerKnoll, Inc. will post 2.02 EPS for the current fiscal year.

MillerKnoll Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Saturday, August 29th will be given a dividend of $0.1875 per share. This represents a $0.75 annualized dividend and a yield of 3.1%. The ex-dividend date of this dividend is Friday, August 28th. MillerKnoll’s dividend payout ratio (DPR) is 56.82%.

About MillerKnoll

MillerKnoll, Inc (NASDAQ: MLKN) is a global design and manufacturing company specializing in furniture, lighting, textiles, rugs and accessories for residential and commercial environments. The company’s portfolio features well-known brands such as Herman Miller, Knoll, Maharam, Geiger and Tuyama, offering solutions for office, healthcare, education, hospitality and home settings. Products span seating, workstations, tables, storage systems and outdoor furnishings, complemented by a range of services including space planning, ergonomic consulting and installation support.

Formed in July 2021 through the merger of Herman Miller and Knoll, MillerKnoll combines more than a century of design heritage with a modern portfolio of sustainable products and materials.