UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $3.95 Million Stock Holdings in MillerKnoll, Inc. (NASDAQ:MLKN)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in MillerKnoll, Inc. (NASDAQ:MLKN) by 1.6% in the third quarter, Holdings Channel.com reports. The fund owned 159,420 shares of the company’s stock after acquiring an additional 2,449 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in MillerKnoll were worth $3,947,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC lifted its stake in MillerKnoll by 254.3% in 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 lifted its stake in MillerKnoll by 35.0% in 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. Meeder Asset Management Inc. acquired a new stake in shares of MillerKnoll in the third quarter worth $84,000. Innealta Capital LLC acquired a new stake in shares of MillerKnoll in the second quarter worth $87,000. Finally, DekaBank Deutsche Girozentrale lifted its stake 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. 87.50% of the stock is currently owned by institutional investors and hedge funds.

MillerKnoll Price Performance

NASDAQ:MLKN opened at $24.64 on Friday. The stock has a market cap of $1.70 billion, a P/E ratio of 28.32, a PEG ratio of 0.96 and a beta of 1.20. MillerKnoll, Inc. has a one year low of $22.35 and a one year high of $31.73. The company has a fifty day moving average price of $24.39 and a 200 day moving average price of $26.23. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.59 and a quick ratio of 0.93.

MillerKnoll (NASDAQ:MLKN) last posted its earnings results on Thursday, September 19th. The company reported $0.36 earnings per share for the quarter, missing the consensus estimate of $0.40 by ($0.04). The firm had revenue of $861.50 million during the quarter, compared to the consensus estimate of $889.38 million. MillerKnoll had a return on equity of 10.93% and a net margin of 1.80%. The firm’s revenue for the quarter was down 6.1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.37 EPS. Analysts anticipate that MillerKnoll, Inc. will post 2.17 earnings per share for the current year.

MillerKnoll Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Investors 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 3.04%. MillerKnoll’s dividend payout ratio is 86.21%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut shares of MillerKnoll from a “buy” rating to a “hold” rating in a research note on Thursday, October 10th.

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.