Charles Schwab Investment Management Inc. Has $29.66 Million Stock Holdings in MillerKnoll, Inc. (NASDAQ:MLKN)

Charles Schwab Investment Management Inc. increased its stake in shares of MillerKnoll, Inc. (NASDAQ:MLKN) by 3.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,312,945 shares of the company’s stock after buying an additional 42,343 shares during the period. Charles Schwab Investment Management Inc.’s holdings in MillerKnoll were worth $29,659,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC lifted its position in shares of MillerKnoll by 458.4% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,463 shares of the company’s stock worth $33,000 after purchasing an additional 1,201 shares in the last quarter. Avior Wealth Management LLC raised its position in MillerKnoll by 228.8% in the 4th quarter. Avior Wealth Management LLC now owns 2,081 shares of the company’s stock worth $47,000 after purchasing an additional 1,448 shares during the last quarter. KBC Group NV lifted its holdings in MillerKnoll by 62.9% during the 4th quarter. KBC Group NV now owns 3,319 shares of the company’s stock worth $75,000 after buying an additional 1,281 shares in the last quarter. Meeder Asset Management Inc. bought a new position in MillerKnoll in the 3rd quarter valued at $84,000. Finally, Verition Fund Management LLC acquired a new stake in shares of MillerKnoll in the 3rd quarter valued at $210,000. Institutional investors own 87.50% of the company’s stock.

MillerKnoll Stock Up 0.6 %

Shares of NASDAQ MLKN opened at $19.24 on Tuesday. MillerKnoll, Inc. has a 1 year low of $18.89 and a 1 year high of $31.73. The firm’s 50-day moving average is $21.69 and its 200-day moving average is $23.59. The company has a current ratio of 1.60, a quick ratio of 0.99 and a debt-to-equity ratio of 1.02. The firm has a market capitalization of $1.31 billion, a PE ratio of 21.14, a price-to-earnings-growth ratio of 0.89 and a beta of 1.22.

MillerKnoll (NASDAQ:MLKN) last announced its quarterly earnings data on Wednesday, December 18th. The company reported $0.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.54 by $0.01. The firm had revenue of $970.40 million for the quarter, compared to analysts’ expectations of $959.60 million. MillerKnoll had a net margin of 1.81% and a return on equity of 10.74%. The business’s revenue for the quarter was up 2.2% on a year-over-year basis. During the same period last year, the firm earned $0.59 earnings per share. Equities analysts expect that MillerKnoll, Inc. will post 2.12 EPS for the current year.

MillerKnoll Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Saturday, March 1st will be paid a $0.1875 dividend. This represents a $0.75 annualized dividend and a yield of 3.90%. The ex-dividend date of this dividend is Friday, February 28th. MillerKnoll’s payout ratio is 82.42%.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised MillerKnoll from a “hold” rating to a “buy” rating in a research note on Wednesday, January 15th.

About MillerKnoll

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.