American Century Companies Inc. Increases Position in MillerKnoll, Inc. (NASDAQ:MLKN)

American Century Companies Inc. increased its stake in shares of MillerKnoll, Inc. (NASDAQ:MLKN) by 9.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 176,966 shares of the company’s stock after buying an additional 15,175 shares during the period. American Century Companies Inc.’s holdings in MillerKnoll were worth $3,998,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. boosted its stake in shares of MillerKnoll by 3.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,312,945 shares of the company’s stock worth $29,659,000 after acquiring an additional 42,343 shares in the last quarter. William Blair Investment Management LLC raised its holdings in MillerKnoll by 2.6% during the fourth quarter. William Blair Investment Management LLC now owns 956,425 shares of the company’s stock worth $21,606,000 after purchasing an additional 23,933 shares during the last quarter. Forager Capital Management LLC boosted its position in MillerKnoll by 45.9% during the third quarter. Forager Capital Management LLC now owns 953,841 shares of the company’s stock worth $23,617,000 after purchasing an additional 300,000 shares in the last quarter. Disciplined Growth Investors Inc. MN grew its holdings in MillerKnoll by 157.4% in the third quarter. Disciplined Growth Investors Inc. MN now owns 852,584 shares of the company’s stock valued at $21,110,000 after purchasing an additional 521,318 shares during the last quarter. Finally, Wellington Management Group LLP increased its position in shares of MillerKnoll by 1.2% in the third quarter. Wellington Management Group LLP now owns 574,822 shares of the company’s stock valued at $14,233,000 after buying an additional 6,576 shares in the last quarter. 87.50% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

MLKN has been the topic of a number of research reports. StockNews.com cut shares of MillerKnoll from a “buy” rating to a “hold” rating in a research note on Saturday, March 29th. Sidoti raised shares of MillerKnoll to a “hold” rating in a report on Tuesday, March 25th.

MillerKnoll Price Performance

Shares of NASDAQ:MLKN opened at $17.38 on Friday. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.99 and a current ratio of 1.60. The business’s fifty day moving average price is $20.85 and its two-hundred day moving average price is $22.78. The stock has a market cap of $1.18 billion, a PE ratio of 19.10, a price-to-earnings-growth ratio of 0.89 and a beta of 1.05. MillerKnoll, Inc. has a one year low of $16.24 and a one year high of $31.73.

MillerKnoll (NASDAQ:MLKN) last posted its quarterly earnings data on Wednesday, March 26th. The company reported $0.44 EPS for the quarter, meeting analysts’ consensus estimates of $0.44. The business had revenue of $876.20 million for the quarter, compared to analyst estimates of $918.88 million. MillerKnoll had a return on equity of 10.74% and a net margin of 1.81%. The business’s revenue for the quarter was up .4% compared to the same quarter last year. During the same quarter last year, the company earned $0.45 earnings per share. On average, analysts forecast that MillerKnoll, Inc. will post 2.12 EPS for the current fiscal year.

MillerKnoll Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Saturday, March 1st will be given a $0.1875 dividend. This represents a $0.75 dividend on an annualized basis and a dividend yield of 4.32%. The ex-dividend date is Friday, February 28th. MillerKnoll’s dividend payout ratio is currently 178.57%.

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.