Engineers Gate Manager LP lifted its holdings in MillerKnoll, Inc. (NASDAQ:MLKN – Get Rating) by 45.9% in the 3rd quarter, Holdings Channel.com reports. The fund owned 23,648 shares of the company’s stock after buying an additional 7,442 shares during the quarter. Engineers Gate Manager LP’s holdings in MillerKnoll were worth $369,000 at the end of the most recent quarter.
Several other large investors also recently made changes to their positions in the business. US Bancorp DE acquired a new stake in MillerKnoll during the 1st quarter valued at $36,000. Captrust Financial Advisors acquired a new stake in MillerKnoll during the 1st quarter valued at $41,000. Steward Partners Investment Advisory LLC acquired a new stake in MillerKnoll during the 2nd quarter valued at $37,000. Point72 Hong Kong Ltd acquired a new stake in MillerKnoll during the 1st quarter valued at $58,000. Finally, PNC Financial Services Group Inc. acquired a new stake in MillerKnoll during the 1st quarter valued at $103,000. Institutional investors and hedge funds own 97.23% of the company’s stock.
Analyst Ratings Changes
Separately, Benchmark lowered shares of MillerKnoll from a “buy” rating to a “hold” rating in a report on Tuesday, November 29th.
MillerKnoll Trading Down 5.6 %
MillerKnoll (NASDAQ:MLKN – Get Rating) last released its earnings results on Wednesday, December 21st. The company reported $0.46 EPS for the quarter, beating the consensus estimate of $0.42 by $0.04. The firm had revenue of $1.07 billion for the quarter. MillerKnoll had a net margin of 1.78% and a return on equity of 9.46%.
MillerKnoll Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Saturday, April 15th. Stockholders of record on Saturday, March 4th will be paid a $0.1875 dividend. The ex-dividend date is Thursday, March 2nd. This represents a $0.75 annualized dividend and a dividend yield of 3.54%. MillerKnoll’s dividend payout ratio is currently 75.76%.
MillerKnoll, Inc engages in the research, design, manufacture, and distribution of interior furnishings for use in various environments including office, healthcare, educational, and residential settings. It operates through the following segments: Americas Contract, International Contract, Global Retail, and Knoll.
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