Douglas Lane & Associates LLC Acquires 10,345 Shares of MillerKnoll, Inc. (NASDAQ:MLKN)

Douglas Lane & Associates LLC increased its holdings in shares of MillerKnoll, Inc. (NASDAQ:MLKN) by 5.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 216,843 shares of the company’s stock after acquiring an additional 10,345 shares during the period. Douglas Lane & Associates LLC owned approximately 0.31% of MillerKnoll worth $4,898,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. EverSource Wealth Advisors LLC boosted its position in shares of MillerKnoll by 254.3% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,201 shares of the company’s stock worth $32,000 after purchasing an additional 862 shares in the last quarter. GAMMA Investing LLC raised its stake in 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 buying an additional 426 shares during the last quarter. Meeder Asset Management Inc. bought a new stake in MillerKnoll in the third quarter worth $84,000. DekaBank Deutsche Girozentrale grew 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 acquiring an additional 2,316 shares during the last quarter. Finally, Verition Fund Management LLC purchased a new stake in shares of MillerKnoll in the third quarter worth $210,000. Hedge funds and other institutional investors own 87.50% of the company’s stock.

MillerKnoll Trading Down 0.4 %

Shares of NASDAQ MLKN opened at $21.87 on Thursday. The company has a market cap of $1.51 billion, a PE ratio of 25.14, a P/E/G ratio of 0.96 and a beta of 1.23. 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 firm’s 50 day moving average price is $23.91 and its 200-day moving average price is $25.84. MillerKnoll, Inc. has a 52-week low of $20.89 and a 52-week high of $31.73.

MillerKnoll (NASDAQ:MLKN) last issued its earnings results on Wednesday, December 18th. The company reported $0.55 EPS for the quarter, beating the consensus estimate of $0.54 by $0.01. MillerKnoll had a return on equity of 10.93% and a net margin of 1.80%. The business had revenue of $970.40 million for the quarter, compared to the consensus estimate of $959.60 million. During the same period last year, the business posted $0.59 EPS. The company’s revenue was up 2.2% compared to the same quarter last year. On average, equities research analysts expect that MillerKnoll, Inc. will post 2.17 EPS for the current fiscal year.

MillerKnoll Announces Dividend

The firm also recently announced 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. This represents a $0.75 dividend on an annualized basis and a yield of 3.43%. The ex-dividend date is Friday, November 29th. MillerKnoll’s dividend payout ratio (DPR) is 82.42%.

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 Tuesday.

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.