Charles Schwab Investment Management Inc. Has $34.43 Million Stock Holdings in MillerKnoll, Inc. (NASDAQ:MLKN)

Charles Schwab Investment Management Inc. raised its holdings in MillerKnoll, Inc. (NASDAQ:MLKNFree Report) by 1.2% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,290,336 shares of the company’s stock after buying an additional 15,407 shares during the quarter. Charles Schwab Investment Management Inc. owned 1.77% of MillerKnoll worth $34,426,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in MillerKnoll by 0.5% during the third quarter. Vanguard Group Inc. now owns 8,971,907 shares of the company’s stock worth $219,363,000 after acquiring an additional 48,165 shares during the period. LSV Asset Management raised its position in shares of MillerKnoll by 1.2% during the fourth quarter. LSV Asset Management now owns 1,052,700 shares of the company’s stock valued at $28,086,000 after buying an additional 12,400 shares during the last quarter. Northern Trust Corp lifted its stake in shares of MillerKnoll by 3.1% in the third quarter. Northern Trust Corp now owns 848,549 shares of the company’s stock valued at $20,747,000 after buying an additional 25,270 shares during the period. Victory Capital Management Inc. grew its position in MillerKnoll by 0.9% during the fourth quarter. Victory Capital Management Inc. now owns 429,875 shares of the company’s stock worth $11,469,000 after buying an additional 3,901 shares in the last quarter. Finally, Kingsview Wealth Management LLC bought a new position in MillerKnoll during the third quarter valued at about $8,688,000. 87.50% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, lowered MillerKnoll from a “strong-buy” rating to a “buy” rating in a report on Thursday, March 28th.

Check Out Our Latest Research Report on MLKN

MillerKnoll Price Performance

Shares of MillerKnoll stock opened at $27.58 on Wednesday. MillerKnoll, Inc. has a twelve month low of $13.20 and a twelve month high of $31.33. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.95 and a current ratio of 1.59. The firm has a market cap of $1.98 billion, a P/E ratio of 28.43, a price-to-earnings-growth ratio of 1.23 and a beta of 1.25. The firm’s 50-day simple moving average is $27.16 and its 200-day simple moving average is $27.21.

MillerKnoll (NASDAQ:MLKNGet Free Report) last released its quarterly earnings data on Wednesday, March 27th. The company reported $0.45 earnings per share for the quarter, beating the consensus estimate of $0.44 by $0.01. The company had revenue of $872.30 million for the quarter, compared to analyst estimates of $909.55 million. MillerKnoll had a return on equity of 9.61% and a net margin of 1.96%. The company’s revenue was down 11.4% compared to the same quarter last year. During the same period in the prior year, the company posted $0.54 EPS. As a group, research analysts expect that MillerKnoll, Inc. will post 1.94 EPS for the current fiscal year.

MillerKnoll Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Saturday, June 1st will be issued a $0.1875 dividend. This represents a $0.75 annualized dividend and a dividend yield of 2.72%. The ex-dividend date is Friday, May 31st. MillerKnoll’s payout ratio is 77.32%.

MillerKnoll Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for MillerKnoll (NASDAQ:MLKN)

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