1,995,737 Shares in MillerKnoll, Inc. $MLKN Purchased by Pzena Investment Management LLC

Pzena Investment Management LLC bought a new stake in shares of MillerKnoll, Inc. (NASDAQ:MLKN) in the first quarter, Holdings Channel reports. The firm bought 1,995,737 shares of the company’s stock, valued at approximately $28,858,000.

Other institutional investors also recently bought and sold shares of the company. Osaic Holdings Inc. increased its stake in MillerKnoll by 36.5% during the second quarter. Osaic Holdings Inc. now owns 1,941 shares of the company’s stock worth $38,000 after purchasing an additional 519 shares during the period. Lloyd Advisory Services LLC. purchased a new position in shares of MillerKnoll in the fourth quarter valued at approximately $46,000. Harbour Investments Inc. boosted its stake in shares of MillerKnoll by 47.7% in the fourth quarter. Harbour Investments Inc. now owns 3,095 shares of the company’s stock valued at $57,000 after purchasing an additional 1,000 shares during the period. Johnson Financial Group Inc. acquired a new position in shares of MillerKnoll in the third quarter valued at approximately $72,000. Finally, Canada Pension Plan Investment Board acquired a new position in shares of MillerKnoll in the second quarter valued at approximately $82,000. 87.50% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have issued reports on MLKN. Wall Street Zen upgraded shares of MillerKnoll from a “hold” rating to a “buy” rating in a report on Saturday, June 27th. Weiss Ratings downgraded shares of MillerKnoll from a “sell (d+)” rating to a “sell (d)” rating in a research note on Friday, June 26th. Finally, Zacks Research raised MillerKnoll from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 26th. One equities research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, MillerKnoll currently has an average rating of “Hold”.

MillerKnoll Stock Up 3.5%

Shares of MillerKnoll stock opened at $21.18 on Thursday. MillerKnoll, Inc. has a 52-week low of $13.77 and a 52-week high of $23.18. The company has a 50 day moving average of $16.24 and a 200 day moving average of $17.87. The company has a quick ratio of 0.90, a current ratio of 1.58 and a debt-to-equity ratio of 0.94. The company has a market capitalization of $1.45 billion, a P/E ratio of 16.05, a P/E/G ratio of 0.86 and a beta of 1.35.

MillerKnoll (NASDAQ:MLKN) last announced its quarterly earnings data on Wednesday, June 24th. The company reported $0.55 EPS for the quarter, beating analysts’ consensus estimates of $0.52 by $0.03. MillerKnoll had a net margin of 2.38% and a return on equity of 9.77%. The company had revenue of $1 billion for the quarter, compared to the consensus estimate of $973.87 million. During the same period in the prior year, the firm posted $0.60 EPS. The company’s quarterly revenue was up 4.4% compared to the same quarter last year. MillerKnoll has set its FY 2027 guidance at 1.850-2.150 EPS and its Q1 2027 guidance at 0.330-0.390 EPS. As a group, research analysts forecast that MillerKnoll, Inc. will post 1.99 EPS for the current fiscal year.

MillerKnoll Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Saturday, May 30th will be issued a $0.1875 dividend. This represents a $0.75 annualized dividend and a yield of 3.5%. The ex-dividend date of this dividend is Friday, May 29th. MillerKnoll’s dividend payout ratio is 56.82%.

MillerKnoll Profile

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.