First Trust Advisors LP Decreases Holdings in MillerKnoll, Inc. $MLKN

First Trust Advisors LP decreased its stake in MillerKnoll, Inc. (NASDAQ:MLKN) by 32.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 85,641 shares of the company’s stock after selling 40,462 shares during the quarter. First Trust Advisors LP owned approximately 0.13% of MillerKnoll worth $1,238,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of MLKN. Cassaday & Co Wealth Management LLC purchased a new position in MillerKnoll in the 1st quarter valued at about $26,000. Osaic Holdings Inc. raised its holdings in shares of MillerKnoll by 36.5% during the second quarter. Osaic Holdings Inc. now owns 1,941 shares of the company’s stock valued at $38,000 after acquiring an additional 519 shares during the last quarter. Lloyd Advisory Services LLC. acquired a new position in shares of MillerKnoll during the fourth quarter valued at approximately $46,000. KBC Group NV lifted its position in shares of MillerKnoll by 92.1% in the first quarter. KBC Group NV now owns 3,803 shares of the company’s stock valued at $55,000 after acquiring an additional 1,823 shares in the last quarter. Finally, Harbour Investments Inc. lifted its position 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 acquiring an additional 1,000 shares in the last quarter. Hedge funds and other institutional investors own 87.50% of the company’s stock.

MillerKnoll Stock Performance

MLKN opened at $24.49 on Monday. The stock has a market capitalization of $1.67 billion, a PE ratio of 18.55, a P/E/G ratio of 1.01 and a beta of 1.35. MillerKnoll, Inc. has a one year low of $13.77 and a one year high of $24.71. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.90 and a current ratio of 1.58. The business’s 50 day moving average price is $19.48 and its 200 day moving average price is $18.54.

MillerKnoll (NASDAQ:MLKN) last posted its earnings results on Wednesday, June 24th. The company reported $0.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.52 by $0.03. MillerKnoll had a return on equity of 9.77% and a net margin of 2.38%.The company had revenue of $1 billion during the quarter, compared to analysts’ expectations of $973.87 million. During the same quarter last year, the firm earned $0.60 earnings per share. The firm’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, equities research analysts expect that MillerKnoll, Inc. will post 2.02 EPS for the current year.

MillerKnoll Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Saturday, August 29th will be given a dividend of $0.1875 per share. This represents a $0.75 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date of this dividend is Friday, August 28th. MillerKnoll’s dividend payout ratio (DPR) is presently 56.82%.

Analyst Ratings Changes

Several analysts recently commented on the company. Zacks Research upgraded MillerKnoll from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 26th. Weiss Ratings upgraded MillerKnoll from a “sell (d+)” rating to a “hold (c)” rating in a report on Friday, July 24th. Finally, Wall Street Zen cut shares of MillerKnoll from a “buy” rating to a “hold” rating in a research note on Sunday, July 26th. One analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average 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.