MillerKnoll, Inc. (NASDAQ:MLKN) Shares Sold by BNP Paribas Financial Markets

BNP Paribas Financial Markets trimmed its stake in shares of MillerKnoll, Inc. (NASDAQ:MLKN) by 11.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 26,932 shares of the company’s stock after selling 3,514 shares during the quarter. BNP Paribas Financial Markets’ holdings in MillerKnoll were worth $667,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in MLKN. EverSource Wealth Advisors LLC raised its holdings in MillerKnoll by 254.3% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,201 shares of the company’s stock worth $32,000 after buying an additional 862 shares during the period. GAMMA Investing LLC increased its position in shares of MillerKnoll by 35.0% in the third quarter. GAMMA Investing LLC now owns 1,642 shares of the company’s stock worth $41,000 after acquiring an additional 426 shares in the last quarter. Meeder Asset Management Inc. acquired a new stake in shares of MillerKnoll during the third quarter valued at approximately $84,000. Innealta Capital LLC purchased a new stake in shares of MillerKnoll in the 2nd quarter valued at approximately $87,000. Finally, DekaBank Deutsche Girozentrale boosted its stake in MillerKnoll by 99.7% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 4,640 shares of the company’s stock worth $112,000 after purchasing an additional 2,316 shares during the period. 87.50% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

MillerKnoll Trading Down 1.2 %

Shares of NASDAQ:MLKN opened at $24.64 on Friday. MillerKnoll, Inc. has a 1 year low of $22.35 and a 1 year high of $31.73. The firm has a fifty day moving average price of $24.39 and a 200 day moving average price of $26.23. The company has a current ratio of 1.59, a quick ratio of 0.93 and a debt-to-equity ratio of 0.99. The stock has a market capitalization of $1.70 billion, a PE ratio of 28.32, a P/E/G ratio of 0.96 and a beta of 1.20.

MillerKnoll (NASDAQ:MLKN) last posted its quarterly earnings data on Thursday, September 19th. The company reported $0.36 EPS for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.04). The business 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 company’s revenue for the quarter was down 6.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.37 earnings per share. Analysts expect that MillerKnoll, Inc. will post 2.17 EPS for the current fiscal year.

MillerKnoll Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Saturday, November 30th will be paid a $0.1875 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $0.75 annualized dividend and a dividend yield of 3.04%. MillerKnoll’s dividend payout ratio is currently 86.21%.

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.