KBC Group NV Boosts Stake in MillerKnoll, Inc. (NASDAQ:MLKN)

KBC Group NV increased its position in shares of MillerKnoll, Inc. (NASDAQ:MLKN) by 62.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,319 shares of the company’s stock after purchasing an additional 1,281 shares during the period. KBC Group NV’s holdings in MillerKnoll were worth $75,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. GAMMA Investing LLC increased its position in shares of MillerKnoll by 35.0% during the third quarter. GAMMA Investing LLC now owns 1,642 shares of the company’s stock valued at $41,000 after acquiring an additional 426 shares during the last quarter. Avior Wealth Management LLC grew its holdings in shares of MillerKnoll by 228.8% in the fourth quarter. Avior Wealth Management LLC now owns 2,081 shares of the company’s stock valued at $47,000 after purchasing an additional 1,448 shares in the last quarter. The Manufacturers Life Insurance Company lifted its stake in MillerKnoll by 3.8% in the second quarter. The Manufacturers Life Insurance Company now owns 40,269 shares of the company’s stock worth $1,067,000 after acquiring an additional 1,463 shares during the last quarter. Franklin Resources Inc. lifted its stake in MillerKnoll by 5.6% in the third quarter. Franklin Resources Inc. now owns 39,928 shares of the company’s stock worth $973,000 after acquiring an additional 2,128 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale lifted its stake in MillerKnoll by 99.7% in the third quarter. DekaBank Deutsche Girozentrale now owns 4,640 shares of the company’s stock worth $112,000 after acquiring an additional 2,316 shares during the last quarter. 87.50% of the stock is currently owned by institutional investors and hedge funds.

MillerKnoll Stock Performance

Shares of MillerKnoll stock opened at $21.75 on Monday. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.60 and a quick ratio of 0.99. The stock has a market capitalization of $1.48 billion, a price-to-earnings ratio of 23.90, a PEG ratio of 0.86 and a beta of 1.22. The firm’s fifty day simple moving average is $22.94 and its 200-day simple moving average is $25.01. MillerKnoll, Inc. has a 12 month low of $20.89 and a 12 month high of $31.73.

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. MillerKnoll had a net margin of 1.81% and a return on equity of 10.74%. The company had revenue of $970.40 million for the quarter, compared to analysts’ expectations of $959.60 million. During the same period in the previous year, the company posted $0.59 EPS. MillerKnoll’s revenue was up 2.2% compared to the same quarter last year. As a group, equities analysts forecast that MillerKnoll, Inc. will post 2.12 earnings per share for the current year.

MillerKnoll Dividend Announcement

The business also recently declared 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 is Friday, February 28th. This represents a $0.75 dividend on an annualized basis and a dividend yield of 3.45%. MillerKnoll’s dividend payout ratio (DPR) is presently 82.42%.

Wall Street Analysts Forecast Growth

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

MillerKnoll 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.