MillerKnoll, Inc. (NASDAQ:MLKN) Shares Sold by Illinois Municipal Retirement Fund

Illinois Municipal Retirement Fund trimmed its position in shares of MillerKnoll, Inc. (NASDAQ:MLKN) by 9.4% during the fourth quarter, Holdings Channel reports. The firm owned 37,614 shares of the company’s stock after selling 3,882 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in MillerKnoll were worth $850,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in MLKN. Disciplined Growth Investors Inc. MN lifted 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 in the last quarter. Hotchkis & Wiley Capital Management LLC lifted its stake in MillerKnoll by 127.8% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 547,540 shares of the company’s stock worth $13,557,000 after purchasing an additional 307,210 shares in the last quarter. Forager Capital Management LLC lifted its stake in MillerKnoll by 45.9% during the third quarter. Forager Capital Management LLC now owns 953,841 shares of the company’s stock worth $23,617,000 after purchasing an additional 300,000 shares in the last quarter. Intech Investment Management LLC lifted its stake in MillerKnoll by 289.0% during the third quarter. Intech Investment Management LLC now owns 62,473 shares of the company’s stock worth $1,547,000 after purchasing an additional 46,413 shares in the last quarter. Finally, Edgestream Partners L.P. acquired a new position in MillerKnoll during the third quarter worth $881,000. 87.50% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

MillerKnoll Stock Up 0.8 %

Shares of NASDAQ MLKN opened at $21.50 on Monday. The stock has a market cap of $1.47 billion, a P/E ratio of 23.63, a PEG ratio of 0.89 and a beta of 1.22. 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 12-month low of $20.89 and a 12-month high of $31.73. The business’s fifty day simple moving average is $22.17 and its 200-day simple moving average is $24.33.

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

MillerKnoll Announces Dividend

The business 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 $0.1875 dividend. This represents a $0.75 annualized dividend and a dividend yield of 3.49%. The ex-dividend date of this dividend is Friday, February 28th. MillerKnoll’s payout ratio is currently 82.42%.

About MillerKnoll

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.