Sumitomo Mitsui Trust Holdings Inc. Makes New $367,000 Investment in MillerKnoll, Inc. (NASDAQ:MLKN)

Sumitomo Mitsui Trust Holdings Inc. bought a new position in shares of MillerKnoll, Inc. (NASDAQ:MLKN) during the 4th quarter, HoldingsChannel.com reports. The institutional investor bought 13,773 shares of the company’s stock, valued at approximately $367,000.

Other hedge funds have also modified their holdings of the company. International Assets Investment Management LLC boosted its stake in shares of MillerKnoll by 1,117.6% during the 4th quarter. International Assets Investment Management LLC now owns 1,449 shares of the company’s stock worth $39,000 after acquiring an additional 1,330 shares in the last quarter. Allspring Global Investments Holdings LLC purchased a new stake in shares of MillerKnoll during the 3rd quarter worth about $36,000. Signaturefd LLC boosted its stake in shares of MillerKnoll by 52,066.7% during the 3rd quarter. Signaturefd LLC now owns 1,565 shares of the company’s stock worth $38,000 after acquiring an additional 1,562 shares in the last quarter. PNC Financial Services Group Inc. lifted its stake in MillerKnoll by 101.2% in the 3rd quarter. PNC Financial Services Group Inc. now owns 3,104 shares of the company’s stock valued at $76,000 after buying an additional 1,561 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale purchased a new position in MillerKnoll in the 3rd quarter valued at about $109,000. 87.50% of the stock is owned by hedge funds and other institutional investors.

MillerKnoll Trading Up 1.5 %

Shares of MillerKnoll stock opened at $25.73 on Friday. The firm has a market capitalization of $1.84 billion, a PE ratio of 26.53, a P/E/G ratio of 1.09 and a beta of 1.29. MillerKnoll, Inc. has a twelve month low of $13.20 and a twelve month high of $31.33. The firm’s 50-day moving average price is $28.06 and its 200 day moving average price is $26.80. The company has a current ratio of 1.59, a quick ratio of 0.95 and a debt-to-equity ratio of 0.93.

MillerKnoll (NASDAQ:MLKN) last issued its quarterly earnings results on Wednesday, March 27th. The company reported $0.45 earnings per share for the quarter, beating analysts’ consensus estimates of $0.44 by $0.01. The firm had revenue of $872.30 million for the quarter, compared to analyst estimates of $909.55 million. MillerKnoll had a net margin of 1.96% and a return on equity of 9.61%. MillerKnoll’s quarterly revenue was down 11.4% compared to the same quarter last year. During the same period last year, the company posted $0.54 EPS. On average, sell-side analysts predict that MillerKnoll, Inc. will post 1.94 EPS for the current fiscal year.

Analysts Set New Price Targets

Separately, StockNews.com lowered shares of MillerKnoll from a “strong-buy” rating to a “buy” rating in a research note on Thursday, March 28th.

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.