Swiss National Bank Grows Stock Holdings in MillerKnoll, Inc. (NASDAQ:MLKN)

Swiss National Bank increased its stake in MillerKnoll, Inc. (NASDAQ:MLKN – Get Rating) by 1.9% during the 4th quarter, HoldingsChannel reports. The firm owned 183,152 shares of the company’s stock after buying an additional 3,400 shares during the period. Swiss National Bank’s holdings in MillerKnoll were worth $3,848,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Raymond James & Associates bought a new position in shares of MillerKnoll during the 1st quarter valued at $3,686,000. American Century Companies Inc. bought a new position in MillerKnoll in the first quarter valued at about $1,005,000. US Bancorp DE purchased a new position in MillerKnoll in the first quarter worth about $36,000. HighTower Advisors LLC bought a new stake in shares of MillerKnoll during the 1st quarter valued at about $570,000. Finally, Citigroup Inc. purchased a new stake in shares of MillerKnoll during the 1st quarter valued at about $315,000. Hedge funds and other institutional investors own 97.23% of the company’s stock.

Insider Activity

In other news, insider Megan Lyon bought 6,410 shares of the firm’s stock in a transaction on Friday, May 5th. The shares were bought at an average price of $15.60 per share, for a total transaction of $99,996.00. Following the purchase, the insider now owns 17,875 shares in the company, valued at $278,850. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other MillerKnoll news, Director Michael A. Volkema purchased 60,200 shares of the firm’s stock in a transaction on Wednesday, May 3rd. The shares were acquired at an average cost of $16.61 per share, with a total value of $999,922.00. Following the completion of the acquisition, the director now directly owns 187,086 shares in the company, valued at $3,107,498.46. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Megan Lyon acquired 6,410 shares of the stock in a transaction dated Friday, May 5th. The stock was acquired at an average price of $15.60 per share, for a total transaction of $99,996.00. Following the completion of the transaction, the insider now directly owns 17,875 shares of the company’s stock, valued at $278,850. The disclosure for this purchase can be found here. Insiders own 1.81% of the company’s stock.

MillerKnoll Stock Performance

MLKN opened at $15.75 on Friday. The company’s 50 day moving average is $18.22 and its 200 day moving average is $20.73. The company has a current ratio of 1.74, a quick ratio of 1.00 and a debt-to-equity ratio of 0.99. The company has a market cap of $1.19 billion, a price-to-earnings ratio of 18.75, a PEG ratio of 0.75 and a beta of 1.41. MillerKnoll, Inc. has a 12-month low of $15.23 and a 12-month high of $33.46.

MillerKnoll (NASDAQ:MLKN – Get Rating) last issued its quarterly earnings results on Wednesday, March 22nd. The company reported $0.54 earnings per share for the quarter, topping the consensus estimate of $0.39 by $0.15. The business had revenue of $984.70 million for the quarter, compared to analysts’ expectations of $997.40 million. MillerKnoll had a net margin of 1.51% and a return on equity of 10.83%. The company’s revenue was down 4.4% compared to the same quarter last year. During the same quarter last year, the company posted $0.28 EPS. On average, equities research analysts predict that MillerKnoll, Inc. will post 1.83 EPS for the current year.

MillerKnoll Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, July 15th. Stockholders of record on Saturday, June 3rd will be paid a $0.1875 dividend. This represents a $0.75 annualized dividend and a dividend yield of 4.76%. The ex-dividend date of this dividend is Thursday, June 1st. MillerKnoll’s dividend payout ratio (DPR) is currently 89.29%.

MillerKnoll Company Profile

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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.