Ieq Capital LLC Makes New Investment in MillerKnoll, Inc. $MLKN

Ieq Capital LLC bought a new stake in MillerKnoll, Inc. (NASDAQ:MLKN) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 24,860 shares of the company’s stock, valued at approximately $509,000.

Several other institutional investors also recently made changes to their positions in the stock. BlackRock Inc. bought a new position in MillerKnoll during the second quarter valued at approximately $213,054,000. Renaissance Technologies LLC bought a new stake in MillerKnoll in the 1st quarter worth approximately $2,692,000. Hsbc Holdings PLC increased its stake in MillerKnoll by 240.9% in the 4th quarter. Hsbc Holdings PLC now owns 80,559 shares of the company’s stock worth $1,488,000 after acquiring an additional 56,927 shares during the last quarter. Pzena Investment Management LLC purchased a new stake in shares of MillerKnoll during the 2nd quarter worth approximately $62,049,000. Finally, Bank of America Corp DE grew its holdings in shares of MillerKnoll by 15.8% in the first quarter. Bank of America Corp DE now owns 836,007 shares of the company’s stock valued at $12,089,000 after purchasing an additional 113,932 shares in the last quarter. 87.50% of the stock is currently owned by hedge funds and other institutional investors.

MillerKnoll Trading Down 1.5%

NASDAQ MLKN opened at $23.13 on Friday. The stock has a market cap of $1.58 billion, a PE ratio of 17.52, a PEG ratio of 0.97 and a beta of 1.36. MillerKnoll, Inc. has a 12 month low of $13.77 and a 12 month high of $24.71. The company’s 50-day moving average price is $21.89 and its 200-day moving average price is $18.88. The company has a current ratio of 1.58, a quick ratio of 0.90 and a debt-to-equity ratio of 0.94.

MillerKnoll (NASDAQ:MLKN) last released its quarterly earnings data on Wednesday, June 24th. The company reported $0.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.52 by $0.03. The company had revenue of $1 billion during the quarter, compared to analysts’ expectations of $973.87 million. MillerKnoll had a net margin of 2.38% and a return on equity of 9.77%. The firm’s quarterly revenue was up 4.4% on a year-over-year basis. During the same period in the previous year, the company earned $0.60 EPS. MillerKnoll has set its FY 2027 guidance at 1.850-2.150 EPS and its Q1 2027 guidance at 0.330-0.390 EPS. Equities research analysts forecast that MillerKnoll, Inc. will post 2.02 earnings per share for the current year.

MillerKnoll Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Saturday, August 29th will be paid a $0.1875 dividend. The ex-dividend date of this dividend is Friday, August 28th. This represents a $0.75 annualized dividend and a yield of 3.2%. MillerKnoll’s dividend payout ratio is 56.82%.

Analyst Upgrades and Downgrades

Several equities analysts have commented on MLKN shares. Weiss Ratings upgraded shares of MillerKnoll from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday, August 11th. Wall Street Zen cut MillerKnoll from a “buy” rating to a “hold” rating in a research note on Sunday, July 26th. Finally, Zacks Research raised MillerKnoll from a “strong sell” rating to a “hold” rating in a research note on Tuesday, May 26th. One investment analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, MillerKnoll has a consensus rating of “Hold”.

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.