MillerKnoll, Inc. (NASDAQ:MLKN) Shares Bought by Nordea Investment Management AB

Nordea Investment Management AB grew its holdings in MillerKnoll, Inc. (NASDAQ:MLKN) by 3.7% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 178,570 shares of the company’s stock after buying an additional 6,433 shares during the quarter. Nordea Investment Management AB’s holdings in MillerKnoll were worth $4,057,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Pacer Advisors Inc. increased its stake in shares of MillerKnoll by 15.3% in the 2nd quarter. Pacer Advisors Inc. now owns 4,015,462 shares of the company’s stock worth $106,370,000 after acquiring an additional 532,427 shares during the last quarter. Disciplined Growth Investors Inc. MN increased its position 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 last quarter. Dimensional Fund Advisors LP raised its stake in MillerKnoll by 12.5% during the second quarter. Dimensional Fund Advisors LP now owns 3,392,354 shares of the company’s stock worth $89,864,000 after purchasing an additional 377,121 shares during the period. Hotchkis & Wiley Capital Management LLC boosted its holdings in MillerKnoll by 127.8% in the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 547,540 shares of the company’s stock valued at $13,557,000 after purchasing an additional 307,210 shares during the last quarter. Finally, Forager Capital Management LLC grew its stake 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 valued at $23,617,000 after buying an additional 300,000 shares during the period. 87.50% of the stock is owned by hedge funds and other institutional investors.

MillerKnoll Stock Performance

Shares of MillerKnoll stock opened at $21.42 on Friday. The business’s fifty day simple moving average is $23.88 and its 200-day simple moving average is $25.79. The company has a quick ratio of 0.93, a current ratio of 1.59 and a debt-to-equity ratio of 0.99. The firm has a market cap of $1.46 billion, a PE ratio of 24.62, a price-to-earnings-growth ratio of 0.96 and a beta of 1.23. MillerKnoll, Inc. has a 52 week low of $20.89 and a 52 week high of $31.73.

MillerKnoll (NASDAQ:MLKN) last announced its earnings results on Wednesday, December 18th. The company reported $0.55 earnings per share for the quarter, topping the consensus estimate of $0.54 by $0.01. MillerKnoll had a net margin of 1.80% and a return on equity of 10.93%. The company had revenue of $970.40 million during the quarter, compared to analyst estimates of $959.60 million. During the same quarter last year, the firm posted $0.59 earnings per share. MillerKnoll’s revenue was up 2.2% compared to the same quarter last year. Equities analysts forecast that MillerKnoll, Inc. will post 2.17 earnings per share for the current year.

MillerKnoll Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Saturday, November 30th will be issued a dividend of $0.1875 per share. This represents a $0.75 dividend on an annualized basis and a yield of 3.50%. The ex-dividend date is Friday, November 29th. MillerKnoll’s dividend payout ratio (DPR) is 82.42%.

Analysts Set New Price Targets

Separately, StockNews.com cut MillerKnoll from a “buy” rating to a “hold” rating in a report on Tuesday.

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.