Vulcan Value Partners LLC Has $25.67 Million Holdings in MillerKnoll, Inc. $MLKN

Vulcan Value Partners LLC lifted its position in MillerKnoll, Inc. (NASDAQ:MLKN) by 24.4% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,389,715 shares of the company’s stock after acquiring an additional 272,783 shares during the quarter. Vulcan Value Partners LLC owned approximately 2.04% of MillerKnoll worth $25,668,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Osaic Holdings Inc. raised its stake in MillerKnoll by 36.5% during the 2nd quarter. Osaic Holdings Inc. now owns 1,941 shares of the company’s stock valued at $38,000 after purchasing an additional 519 shares during the period. ProShare Advisors LLC lifted its holdings in shares of MillerKnoll by 4.4% in the fourth quarter. ProShare Advisors LLC now owns 13,308 shares of the company’s stock valued at $243,000 after purchasing an additional 558 shares in the last quarter. Harbor Capital Advisors Inc. boosted its position in shares of MillerKnoll by 9.9% in the fourth quarter. Harbor Capital Advisors Inc. now owns 7,676 shares of the company’s stock worth $140,000 after buying an additional 690 shares during the period. State of Alaska Department of Revenue boosted its position in shares of MillerKnoll by 2.0% in the fourth quarter. State of Alaska Department of Revenue now owns 38,972 shares of the company’s stock worth $711,000 after buying an additional 767 shares during the period. Finally, Rexford Capital Inc. grew its holdings in shares of MillerKnoll by 17.0% during the fourth quarter. Rexford Capital Inc. now owns 5,500 shares of the company’s stock valued at $101,000 after buying an additional 800 shares in the last quarter. Institutional investors and hedge funds own 87.50% of the company’s stock.

MillerKnoll Price Performance

MLKN stock opened at $16.50 on Friday. The company has a 50 day moving average of $15.83 and a two-hundred day moving average of $17.70. The company has a market cap of $1.13 billion, a price-to-earnings ratio of 117.86, a PEG ratio of 0.69 and a beta of 1.41. MillerKnoll, Inc. has a 12-month low of $13.77 and a 12-month high of $23.18. The company has a quick ratio of 0.92, a current ratio of 1.64 and a debt-to-equity ratio of 0.96.

MillerKnoll (NASDAQ:MLKN) last posted its quarterly earnings results on Wednesday, March 25th. The company reported $0.43 EPS for the quarter, missing the consensus estimate of $0.45 by ($0.02). MillerKnoll had a net margin of 0.28% and a return on equity of 10.11%. The company had revenue of $926.60 million for the quarter, compared to analysts’ expectations of $941.95 million. During the same quarter in the prior year, the firm earned $0.44 earnings per share. The company’s revenue was up 5.7% on a year-over-year basis. On average, equities analysts anticipate that MillerKnoll, Inc. will post 1.83 earnings per share for the current fiscal year.

MillerKnoll Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Saturday, May 30th will be paid a $0.1875 dividend. The ex-dividend date is Friday, May 29th. This represents a $0.75 dividend on an annualized basis and a yield of 4.5%. MillerKnoll’s payout ratio is 535.71%.

Analyst Ratings Changes

MLKN has been the topic of several recent analyst reports. Weiss Ratings reissued a “sell (d+)” rating on shares of MillerKnoll in a research report on Friday, April 24th. Zacks Research upgraded MillerKnoll from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 26th. One equities research analyst has rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold”.

MillerKnoll Company 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.