MillerKnoll, Inc. (NASDAQ:MLKN) Shares Bought by Rodgers Brothers Inc.

Rodgers Brothers Inc. lifted its stake in shares of MillerKnoll, Inc. (NASDAQ:MLKN) by 25.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 98,754 shares of the company’s stock after acquiring an additional 19,951 shares during the period. Rodgers Brothers Inc.’s holdings in MillerKnoll were worth $2,231,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of MLKN. Disciplined Growth Investors Inc. MN raised its stake in MillerKnoll by 157.4% during the third quarter. Disciplined Growth Investors Inc. MN now owns 852,584 shares of the company’s stock worth $21,110,000 after purchasing an additional 521,318 shares during the period. Hotchkis & Wiley Capital Management LLC increased its holdings in shares of MillerKnoll by 127.8% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 547,540 shares of the company’s stock worth $13,557,000 after buying an additional 307,210 shares during the last quarter. Forager Capital Management LLC raised its position in shares of MillerKnoll by 45.9% in the 3rd quarter. Forager Capital Management LLC now owns 953,841 shares of the company’s stock worth $23,617,000 after buying an additional 300,000 shares during the period. Wellington Management Group LLP boosted its holdings in MillerKnoll by 39.9% in the fourth quarter. Wellington Management Group LLP now owns 804,105 shares of the company’s stock valued at $18,165,000 after acquiring an additional 229,283 shares during the last quarter. Finally, New Age Alpha Advisors LLC purchased a new stake in MillerKnoll during the fourth quarter valued at about $2,370,000. 87.50% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have recently commented on MLKN shares. StockNews.com downgraded MillerKnoll from a “buy” rating to a “hold” rating in a report on Saturday. Sidoti upgraded shares of MillerKnoll to a “hold” rating in a report on Tuesday, March 25th.

MillerKnoll Stock Performance

NASDAQ:MLKN opened at $19.76 on Monday. The firm’s fifty day simple moving average is $21.22 and its 200 day simple moving average is $23.05. The company has a current ratio of 1.60, a quick ratio of 0.99 and a debt-to-equity ratio of 1.02. MillerKnoll, Inc. has a twelve month low of $17.83 and a twelve month high of $31.73. The firm has a market capitalization of $1.35 billion, a price-to-earnings ratio of 21.71, a PEG ratio of 0.89 and a beta of 1.22.

MillerKnoll (NASDAQ:MLKN) last issued its earnings results on Wednesday, March 26th. The company reported $0.44 earnings per share for the quarter, hitting the consensus estimate of $0.44. The company had revenue of $876.20 million during the quarter, compared to the consensus estimate of $918.88 million. MillerKnoll had a return on equity of 10.74% and a net margin of 1.81%. The company’s revenue was up .4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.45 earnings per share. As a group, equities research analysts expect that MillerKnoll, Inc. will post 2.12 earnings per share for the current fiscal year.

MillerKnoll Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Saturday, March 1st will be paid a dividend of $0.1875 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $0.75 dividend on an annualized basis and a dividend yield of 3.80%. MillerKnoll’s dividend payout ratio is currently 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.