Texas Permanent School Fund Corp Raises Stock Holdings in MillerKnoll, Inc. (NASDAQ:MLKN)

Texas Permanent School Fund Corp raised its stake in MillerKnoll, Inc. (NASDAQ:MLKN) by 10.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 70,563 shares of the company’s stock after buying an additional 6,833 shares during the quarter. Texas Permanent School Fund Corp’s holdings in MillerKnoll were worth $1,869,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the stock. Nomura Asset Management Co. Ltd. lifted its holdings 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 worth $30,000 after acquiring an additional 570 shares during the last quarter. Mather Group LLC. purchased a new stake in MillerKnoll in the second quarter valued at approximately $30,000. Quadrant Capital Group LLC lifted its stake in MillerKnoll by 46.5% during the fourth quarter. Quadrant Capital Group LLC now owns 1,537 shares of the company’s stock worth $41,000 after purchasing an additional 488 shares in the last quarter. EntryPoint Capital LLC boosted its position in shares of MillerKnoll by 566.9% during the first quarter. EntryPoint Capital LLC now owns 2,661 shares of the company’s stock worth $66,000 after buying an additional 2,262 shares during the period. Finally, Opal Wealth Advisors LLC acquired a new stake in shares of MillerKnoll in the second quarter valued at $85,000. Hedge funds and other institutional investors own 87.50% of the company’s stock.

MillerKnoll Trading Up 0.9 %

Shares of MLKN stock opened at $27.43 on Wednesday. MillerKnoll, Inc. has a fifty-two week low of $18.00 and a fifty-two week high of $31.73. The company has a 50 day moving average price of $28.48 and a 200 day moving average price of $27.51. The stock has a market capitalization of $1.97 billion, a P/E ratio of 24.71, a price-to-earnings-growth ratio of 0.99 and a beta of 1.18. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.92 and a current ratio of 1.53.

MillerKnoll (NASDAQ:MLKN) last posted its quarterly earnings results on Wednesday, June 26th. The company reported $0.67 EPS for the quarter, topping the consensus estimate of $0.54 by $0.13. The business had revenue of $888.90 million during the quarter, compared to the consensus estimate of $898.65 million. MillerKnoll had a net margin of 2.27% and a return on equity of 10.94%. The company’s quarterly revenue was down 7.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.41 earnings per share. Equities research analysts predict that MillerKnoll, Inc. will post 2.21 EPS for the current fiscal year.

MillerKnoll Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Saturday, August 31st will be paid a $0.1875 dividend. This represents a $0.75 annualized dividend and a dividend yield of 2.73%. The ex-dividend date is Friday, August 30th. MillerKnoll’s payout ratio is presently 67.57%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised MillerKnoll from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 3rd.

MillerKnoll Company 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.