28,156 Shares in MillerKnoll, Inc. $MLKN Acquired by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company bought a new stake in MillerKnoll, Inc. (NASDAQ:MLKN) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 28,156 shares of the company’s stock, valued at approximately $576,000.

Several other hedge funds also recently bought and sold shares of the company. BlackRock Inc. bought a new stake in shares of MillerKnoll in the 2nd quarter valued at $213,054,000. Renaissance Technologies LLC bought a new position in MillerKnoll during the first quarter worth about $2,692,000. Hsbc Holdings PLC lifted its holdings in MillerKnoll by 240.9% during the fourth quarter. Hsbc Holdings PLC now owns 80,559 shares of the company’s stock worth $1,488,000 after acquiring an additional 56,927 shares in the last quarter. Pzena Investment Management LLC acquired a new position in MillerKnoll in the second quarter valued at about $62,049,000. Finally, Empowered Funds LLC increased its holdings in shares of MillerKnoll by 21.3% in the first quarter. Empowered Funds LLC now owns 315,409 shares of the company’s stock worth $4,561,000 after acquiring an additional 55,313 shares in the last quarter. 87.50% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. Zacks Research raised MillerKnoll from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 26th. Weiss Ratings upgraded MillerKnoll from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday, August 11th. Finally, Wall Street Zen cut MillerKnoll from a “buy” rating to a “hold” rating in a research note on Sunday, July 26th. One research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold”.

MillerKnoll Price Performance

Shares of NASDAQ MLKN opened at $22.92 on Monday. The firm has a market cap of $1.58 billion, a PE ratio of 17.36, a PEG ratio of 0.95 and a beta of 1.36. The company has a current ratio of 1.58, a quick ratio of 0.90 and a debt-to-equity ratio of 0.94. MillerKnoll, Inc. has a 1-year low of $13.77 and a 1-year high of $24.71. The company has a fifty day moving average price of $22.37 and a 200 day moving average price of $18.87.

MillerKnoll (NASDAQ:MLKN) last released its quarterly earnings results on Wednesday, June 24th. The company reported $0.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.52 by $0.03. MillerKnoll had a return on equity of 9.77% and a net margin of 2.38%.The firm had revenue of $1 billion for the quarter, compared to the consensus estimate of $973.87 million. During the same quarter last year, the business posted $0.60 EPS. The company’s revenue for the quarter was up 4.4% on a year-over-year basis. MillerKnoll has set its FY 2027 guidance at 1.850-2.150 EPS and its Q1 2027 guidance at 0.330-0.390 EPS. Research analysts predict that MillerKnoll, Inc. will post 2.02 earnings per share for the current fiscal year.

MillerKnoll Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Saturday, August 29th will be issued a dividend of $0.1875 per share. The ex-dividend date is Friday, August 28th. This represents a $0.75 dividend on an annualized basis and a dividend yield of 3.3%. MillerKnoll’s dividend payout ratio (DPR) is presently 56.82%.

MillerKnoll Profile

MillerKnoll, Inc (NASDAQ: MLKN) is a global design and manufacturing company specializing in furniture, lighting, textiles, rugs and accessories for residential and commercial environments. The company’s portfolio features well-known brands such as Herman Miller, Knoll, Maharam, Geiger and Tuyama, offering solutions for office, healthcare, education, hospitality and home settings. Products span seating, workstations, tables, storage systems and outdoor furnishings, complemented by a range of services including space planning, ergonomic consulting and installation support.

Formed in July 2021 through the merger of Herman Miller and Knoll, MillerKnoll combines more than a century of design heritage with a modern portfolio of sustainable products and materials.