Susquehanna Fundamental Investments LLC Has $3.49 Million Holdings in MillerKnoll, Inc. $MLKN

Susquehanna Fundamental Investments LLC grew its stake in MillerKnoll, Inc. (NASDAQ:MLKN) by 48.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 170,612 shares of the company’s stock after acquiring an additional 55,307 shares during the period. Susquehanna Fundamental Investments LLC owned 0.25% of MillerKnoll worth $3,491,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of MLKN. Cassaday & Co Wealth Management LLC bought a new stake in shares of MillerKnoll during the first quarter valued at approximately $26,000. Versant Capital Management Inc raised its position in MillerKnoll by 166.5% in the 2nd quarter. Versant Capital Management Inc now owns 1,250 shares of the company’s stock worth $26,000 after purchasing an additional 781 shares during the last quarter. Quantbot Technologies LP bought a new position in MillerKnoll in the 2nd quarter worth approximately $29,000. Osaic Holdings Inc. lifted its holdings in MillerKnoll by 36.5% during the 2nd quarter. Osaic Holdings Inc. now owns 1,941 shares of the company’s stock worth $38,000 after buying an additional 519 shares in the last quarter. Finally, Lloyd Advisory Services LLC. acquired a new position in MillerKnoll during the 4th quarter worth $46,000. 87.50% of the stock is currently owned by institutional investors and hedge funds.

MillerKnoll Trading Down 2.3%

Shares of NASDAQ MLKN opened at $22.59 on Tuesday. MillerKnoll, Inc. has a fifty-two week low of $13.77 and a fifty-two week high of $24.71. The firm has a market capitalization of $1.54 billion, a P/E ratio of 17.11, a P/E/G ratio of 0.95 and a beta of 1.35. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.58 and a quick ratio of 0.90. The company’s 50 day simple moving average is $22.03 and its 200 day simple moving average is $18.86.

MillerKnoll (NASDAQ:MLKN) last released its earnings results on Wednesday, June 24th. The company reported $0.55 EPS for the quarter, topping analysts’ consensus estimates of $0.52 by $0.03. The firm had revenue of $1 billion during the quarter, compared to analyst estimates of $973.87 million. MillerKnoll had a net margin of 2.38% and a return on equity of 9.77%. The business’s quarterly revenue was up 4.4% compared to the same quarter last year. During the same quarter in the previous year, the business 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. On average, analysts predict that MillerKnoll, Inc. will post 2.02 EPS for the current year.

MillerKnoll Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Saturday, August 29th will be given a $0.1875 dividend. This represents a $0.75 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date is Friday, August 28th. MillerKnoll’s dividend payout ratio (DPR) is currently 56.82%.

Wall Street Analysts Forecast Growth

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

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.