Vulcan Value Partners LLC Purchases 272,783 Shares of MillerKnoll, Inc. $MLKN

Vulcan Value Partners LLC lifted its position in MillerKnoll, Inc. (NASDAQ:MLKN) by 24.4% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,389,715 shares of the company’s stock after buying an additional 272,783 shares during the quarter. MillerKnoll comprises 0.5% of Vulcan Value Partners LLC’s investment portfolio, making the stock its 29th largest holding. Vulcan Value Partners LLC owned 2.04% of MillerKnoll worth $25,668,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Harbour Investments Inc. grew its stake in shares of MillerKnoll by 47.7% in the 4th quarter. Harbour Investments Inc. now owns 3,095 shares of the company’s stock valued at $57,000 after buying an additional 1,000 shares in the last quarter. Lloyd Advisory Services LLC. bought a new stake in MillerKnoll during the fourth quarter worth approximately $46,000. LSV Asset Management boosted its position in MillerKnoll by 8.1% during the fourth quarter. LSV Asset Management now owns 1,363,446 shares of the company’s stock worth $24,924,000 after purchasing an additional 102,247 shares during the period. Handelsbanken Fonder AB boosted its position in MillerKnoll by 6.7% during the fourth quarter. Handelsbanken Fonder AB now owns 22,277 shares of the company’s stock worth $407,000 after purchasing an additional 1,400 shares during the period. Finally, ProShare Advisors LLC boosted its position in MillerKnoll by 4.4% during the fourth quarter. ProShare Advisors LLC now owns 13,308 shares of the company’s stock worth $243,000 after purchasing an additional 558 shares during the period. Institutional investors own 87.50% of the company’s stock.

Wall Street Analysts Forecast Growth

MLKN has been the subject of a number of recent analyst reports. Zacks Research raised MillerKnoll from a “strong sell” rating to a “hold” rating in a research report on Tuesday. William Blair initiated coverage on MillerKnoll in a research report on Tuesday, February 10th. They set an “outperform” rating for the company. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of MillerKnoll in a research report on Friday, April 24th. One analyst has rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold”.

MillerKnoll Stock Up 3.4%

Shares of MillerKnoll stock opened at $16.36 on Thursday. The stock has a market capitalization of $1.12 billion, a P/E ratio of 116.86, a PEG ratio of 0.72 and a beta of 1.41. The company has a quick ratio of 0.92, a current ratio of 1.64 and a debt-to-equity ratio of 0.96. The stock has a 50 day moving average price of $16.04 and a two-hundred day moving average price of $17.63. MillerKnoll, Inc. has a 12-month low of $13.77 and a 12-month high of $23.18.

MillerKnoll (NASDAQ:MLKN) last issued its quarterly earnings results on Wednesday, March 25th. The company reported $0.43 EPS for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.02). MillerKnoll had a return on equity of 10.11% and a net margin of 0.28%.The business had revenue of $926.60 million for the quarter, compared to analyst estimates of $941.95 million. During the same quarter last year, the firm earned $0.44 earnings per share. The firm’s quarterly revenue was up 5.7% compared to the same quarter last year. Equities analysts expect that MillerKnoll, Inc. will post 1.83 earnings per share for the current year.

MillerKnoll Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Saturday, May 30th will be issued a dividend of $0.1875 per share. The ex-dividend date is Friday, May 29th. This represents a $0.75 dividend on an annualized basis and a dividend yield of 4.6%. MillerKnoll’s payout ratio is 535.71%.

About MillerKnoll

MillerKnoll, Inc (NASDAQ: MLKN) is a global design and manufacturing company specializing in furniture, lighting, textiles, rugs and accessories for residential and commercial environments. The company’s portfolio features well-known brands such as Herman Miller, Knoll, Maharam, Geiger and Tuyama, offering solutions for office, healthcare, education, hospitality and home settings. Products span seating, workstations, tables, storage systems and outdoor furnishings, complemented by a range of services including space planning, ergonomic consulting and installation support.

Formed in July 2021 through the merger of Herman Miller and Knoll, MillerKnoll combines more than a century of design heritage with a modern portfolio of sustainable products and materials.