MillerKnoll, Inc. (NASDAQ:MLKN) Shares Sold by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. reduced its position in shares of MillerKnoll, Inc. (NASDAQ:MLKN) by 1.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 75,267 shares of the company’s stock after selling 1,024 shares during the period. Envestnet Asset Management Inc.’s holdings in MillerKnoll were worth $1,700,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Smartleaf Asset Management LLC lifted its stake 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 valued at $33,000 after buying an additional 1,201 shares during the period. Avior Wealth Management LLC grew its stake 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 acquiring an additional 1,448 shares during the period. KBC Group NV raised its holdings in MillerKnoll by 62.9% in the 4th quarter. KBC Group NV now owns 3,319 shares of the company’s stock valued at $75,000 after acquiring an additional 1,281 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp purchased a new position in shares of MillerKnoll during the 4th quarter worth $238,000. Finally, KLP Kapitalforvaltning AS acquired a new stake in shares of MillerKnoll during the fourth quarter worth $339,000. 87.50% of the stock is owned by institutional investors and hedge funds.

MillerKnoll Stock Performance

Shares of MLKN stock opened at $16.40 on Tuesday. 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 firm has a market capitalization of $1.11 billion, a price-to-earnings ratio of 18.02, a price-to-earnings-growth ratio of 0.89 and a beta of 1.05. MillerKnoll, Inc. has a one year low of $15.25 and a one year high of $31.73. The company has a 50 day moving average price of $18.67 and a 200 day moving average price of $21.73.

MillerKnoll (NASDAQ:MLKN) last released its quarterly earnings data on Wednesday, March 26th. The company reported $0.44 EPS for the quarter, hitting analysts’ consensus estimates of $0.44. MillerKnoll had a return on equity of 10.74% and a net margin of 1.81%. The business had revenue of $876.20 million during the quarter, compared to the consensus estimate of $918.88 million. During the same period in the prior year, the firm posted $0.45 EPS. The business’s revenue for the quarter was up .4% on a year-over-year basis. Sell-side analysts anticipate that MillerKnoll, Inc. will post 2.12 EPS for the current year.

MillerKnoll Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Sunday, June 1st will be issued a dividend of $0.1875 per share. This represents a $0.75 dividend on an annualized basis and a dividend yield of 4.57%. The ex-dividend date of this dividend is Friday, May 30th. MillerKnoll’s payout ratio is currently 178.57%.

Analyst Ratings Changes

Several research firms recently commented on MLKN. StockNews.com lowered 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 research note on Tuesday, March 25th.

MillerKnoll Company Profile

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.