William Blair Investment Management LLC Has $21.61 Million Stock Holdings in MillerKnoll, Inc. (NASDAQ:MLKN)

William Blair Investment Management LLC lifted its stake in shares of MillerKnoll, Inc. (NASDAQ:MLKN) by 2.6% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 956,425 shares of the company’s stock after buying an additional 23,933 shares during the quarter. William Blair Investment Management LLC owned about 1.40% of MillerKnoll worth $21,606,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the business. Gallacher Capital Management LLC increased its position in MillerKnoll by 17.0% during the fourth quarter. Gallacher Capital Management LLC now owns 20,004 shares of the company’s stock worth $452,000 after acquiring an additional 2,908 shares during the period. Amundi increased its position in MillerKnoll by 207.3% during the fourth quarter. Amundi now owns 40,433 shares of the company’s stock worth $884,000 after acquiring an additional 27,276 shares during the period. Raymond James Financial Inc. bought a new position in MillerKnoll during the fourth quarter worth about $773,000. Victory Capital Management Inc. increased its position in MillerKnoll by 17.4% during the fourth quarter. Victory Capital Management Inc. now owns 275,948 shares of the company’s stock worth $6,234,000 after acquiring an additional 40,928 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its position in MillerKnoll by 3.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,312,945 shares of the company’s stock worth $29,659,000 after acquiring an additional 42,343 shares during the period. 87.50% of the stock is owned by institutional investors.

MillerKnoll Price Performance

MLKN stock opened at $19.05 on Wednesday. The company has a quick ratio of 0.99, a current ratio of 1.60 and a debt-to-equity ratio of 1.02. MillerKnoll, Inc. has a 12 month low of $18.86 and a 12 month high of $31.73. The firm has a market cap of $1.30 billion, a P/E ratio of 20.93, a P/E/G ratio of 0.89 and a beta of 1.22. The company’s 50-day moving average price is $21.63 and its two-hundred day moving average price is $23.52.

MillerKnoll (NASDAQ:MLKN) last released its earnings results on Wednesday, December 18th. The company reported $0.55 EPS for the quarter, beating the consensus estimate of $0.54 by $0.01. MillerKnoll had a net margin of 1.81% and a return on equity of 10.74%. The firm had revenue of $970.40 million for the quarter, compared to analyst estimates of $959.60 million. During the same period last year, the firm earned $0.59 EPS. The business’s quarterly revenue was up 2.2% compared to the same quarter last year. On average, analysts anticipate that MillerKnoll, Inc. will post 2.12 earnings per share for the current fiscal year.

MillerKnoll Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Saturday, March 1st will be issued a $0.1875 dividend. This represents a $0.75 annualized dividend and a yield of 3.94%. The ex-dividend date of this dividend is Friday, February 28th. MillerKnoll’s dividend payout ratio is currently 82.42%.

Analysts Set New Price Targets

Separately, StockNews.com raised shares of MillerKnoll from a “hold” rating to a “buy” rating in a research report on Wednesday, January 15th.

MillerKnoll 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.