Mercer Global Advisors Inc. ADV Acquires 3,250 Shares of MillerKnoll, Inc. (NASDAQ:MLKN)

Mercer Global Advisors Inc. ADV grew its position in MillerKnoll, Inc. (NASDAQ:MLKN) by 26.2% in the second quarter, according to its most recent filing with the SEC. The fund owned 15,662 shares of the company’s stock after acquiring an additional 3,250 shares during the period. Mercer Global Advisors Inc. ADV’s holdings in MillerKnoll were worth $415,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of MLKN. Nomura Asset Management Co. Ltd. lifted its stake in shares of MillerKnoll by 100.0% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 1,140 shares of the company’s stock valued at $30,000 after acquiring an additional 570 shares during the last quarter. Mather Group LLC. bought a new position in shares of MillerKnoll in the 2nd quarter valued at $30,000. EntryPoint Capital LLC lifted its stake in shares of MillerKnoll by 566.9% in the 1st quarter. EntryPoint Capital LLC now owns 2,661 shares of the company’s stock valued at $66,000 after acquiring an additional 2,262 shares during the last quarter. Opal Wealth Advisors LLC bought a new position in shares of MillerKnoll in the 2nd quarter valued at $85,000. Finally, Innealta Capital LLC bought a new position in shares of MillerKnoll in the 2nd quarter valued at $87,000. 87.50% of the stock is currently owned by institutional investors.

MillerKnoll Stock Performance

NASDAQ MLKN opened at $24.39 on Friday. The company has a market capitalization of $1.75 billion, a price-to-earnings ratio of 21.97, a PEG ratio of 0.93 and a beta of 1.18. MillerKnoll, Inc. has a twelve month low of $22.43 and a twelve month high of $31.73. The stock has a fifty day simple moving average of $28.03 and a 200 day simple moving average of $27.28. The company has a quick ratio of 0.93, a current ratio of 1.59 and a debt-to-equity ratio of 0.99.

MillerKnoll (NASDAQ:MLKN) last posted its quarterly earnings data on Thursday, September 19th. The company reported $0.36 earnings per share for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.04). The company had revenue of $861.50 million during the quarter, compared to analyst estimates of $889.38 million. MillerKnoll had a net margin of 1.80% and a return on equity of 10.93%. The business’s revenue for the quarter was down 6.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.37 earnings per share. Sell-side analysts expect that MillerKnoll, Inc. will post 2.17 EPS for the current year.

MillerKnoll Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Saturday, August 31st will be issued a $0.1875 dividend. The ex-dividend date is Friday, August 30th. This represents a $0.75 dividend on an annualized basis and a yield of 3.08%. MillerKnoll’s payout ratio is 67.57%.

Wall Street Analyst Weigh In

Separately, StockNews.com cut MillerKnoll from a “strong-buy” rating to a “buy” rating in a research note on Monday, September 23rd.

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.