Cresset Asset Management LLC Increases Stock Holdings in MillerKnoll, Inc. (NASDAQ:MLKN)

Cresset Asset Management LLC raised its position in MillerKnoll, Inc. (NASDAQ:MLKN) by 4.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 62,639 shares of the company’s stock after purchasing an additional 2,433 shares during the quarter. Cresset Asset Management LLC owned about 0.09% of MillerKnoll worth $1,427,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. MetLife Investment Management LLC raised its position in MillerKnoll by 2.7% in the fourth quarter. MetLife Investment Management LLC now owns 41,548 shares of the company’s stock valued at $939,000 after purchasing an additional 1,078 shares during the period. Smartleaf Asset Management LLC lifted its position in MillerKnoll by 458.4% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,463 shares of the company’s stock valued at $33,000 after buying an additional 1,201 shares during the last quarter. KBC Group NV increased its position in shares of MillerKnoll by 62.9% during the fourth quarter. KBC Group NV now owns 3,319 shares of the company’s stock valued at $75,000 after acquiring an additional 1,281 shares during the last quarter. Avior Wealth Management LLC raised its stake in shares of MillerKnoll by 228.8% in the 4th quarter. Avior Wealth Management LLC now owns 2,081 shares of the company’s stock valued at $47,000 after acquiring an additional 1,448 shares during the period. Finally, Sei Investments Co. lifted its holdings in shares of MillerKnoll by 12.7% in the 4th quarter. Sei Investments Co. now owns 16,002 shares of the company’s stock worth $361,000 after acquiring an additional 1,800 shares during the last quarter. Hedge funds and other institutional investors own 87.50% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. Sidoti upgraded MillerKnoll to a “hold” rating in a research note on Tuesday, March 25th. StockNews.com cut MillerKnoll from a “buy” rating to a “hold” rating in a report on Saturday, March 29th.

MillerKnoll Trading Up 0.1 %

Shares of MLKN stock opened at $16.75 on Friday. MillerKnoll, Inc. has a fifty-two week low of $15.25 and a fifty-two week high of $31.73. The company has a 50 day moving average price of $17.71 and a 200 day moving average price of $21.24. The stock has a market capitalization of $1.13 billion, a P/E ratio of 18.41, a price-to-earnings-growth ratio of 0.89 and a beta of 1.17. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.99 and a current ratio of 1.60.

MillerKnoll (NASDAQ:MLKN) last released its earnings results on Wednesday, March 26th. The company reported $0.44 EPS for the quarter, hitting the consensus estimate of $0.44. The firm had revenue of $876.20 million during the quarter, compared to analysts’ expectations of $918.88 million. MillerKnoll had a return on equity of 10.74% and a net margin of 1.81%. MillerKnoll’s revenue for the quarter was up .4% on a year-over-year basis. During the same period in the previous year, the firm posted $0.45 EPS. Equities research analysts predict that MillerKnoll, Inc. will post 2.12 EPS for the current fiscal year.

MillerKnoll Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Sunday, June 1st will be given a dividend of $0.1875 per share. The ex-dividend date of this dividend is Friday, May 30th. This represents a $0.75 annualized dividend and a dividend yield of 4.48%. MillerKnoll’s dividend payout ratio (DPR) is currently 178.57%.

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.