Douglas Lane & Associates LLC Increases Holdings in MillerKnoll, Inc. (NASDAQ:MLKN)

Douglas Lane & Associates LLC grew its position in shares of MillerKnoll, Inc. (NASDAQ:MLKN) by 5.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 216,843 shares of the company’s stock after buying an additional 10,345 shares during the quarter. Douglas Lane & Associates LLC’s holdings in MillerKnoll were worth $4,898,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. EverSource Wealth Advisors LLC increased its position in MillerKnoll by 254.3% during the second quarter. EverSource Wealth Advisors LLC now owns 1,201 shares of the company’s stock valued at $32,000 after acquiring an additional 862 shares during the last quarter. GAMMA Investing LLC grew its stake in shares of MillerKnoll by 35.0% during the 3rd quarter. GAMMA Investing LLC now owns 1,642 shares of the company’s stock valued at $41,000 after purchasing an additional 426 shares during the period. Meeder Asset Management Inc. bought a new position in shares of MillerKnoll in the 3rd quarter worth approximately $84,000. DekaBank Deutsche Girozentrale boosted its holdings in shares of 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 buying an additional 2,316 shares during the last quarter. Finally, Verition Fund Management LLC bought a new stake in MillerKnoll during the third quarter valued at approximately $210,000. 87.50% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded shares of MillerKnoll from a “buy” rating to a “hold” rating in a research report on Tuesday.

MillerKnoll Stock Performance

NASDAQ:MLKN opened at $21.87 on Thursday. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.93 and a current ratio of 1.59. The stock has a 50-day simple moving average of $23.91 and a two-hundred day simple moving average of $25.84. The firm has a market capitalization of $1.51 billion, a PE ratio of 25.14, a P/E/G 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 quarterly earnings data on Wednesday, December 18th. The company reported $0.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.54 by $0.01. The company had revenue of $970.40 million during the quarter, compared to the consensus estimate of $959.60 million. MillerKnoll had a return on equity of 10.93% and a net margin of 1.80%. The firm’s revenue was up 2.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.59 EPS. Analysts forecast that MillerKnoll, Inc. will post 2.17 EPS for the current year.

MillerKnoll Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Saturday, November 30th will be given a $0.1875 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $0.75 dividend on an annualized basis and a dividend yield of 3.43%. MillerKnoll’s payout ratio is currently 82.42%.

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.