New York State Common Retirement Fund Sells 4,640 Shares of MillerKnoll, Inc. (NASDAQ:MLKN)

New York State Common Retirement Fund decreased its position in shares of MillerKnoll, Inc. (NASDAQ:MLKN) by 6.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 72,974 shares of the company’s stock after selling 4,640 shares during the period. New York State Common Retirement Fund owned about 0.10% of MillerKnoll worth $1,947,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of MLKN. Allspring Global Investments Holdings LLC acquired a new stake in MillerKnoll during the 3rd quarter valued at $36,000. Signaturefd LLC raised its holdings in shares of MillerKnoll by 52,066.7% in the third quarter. Signaturefd LLC now owns 1,565 shares of the company’s stock valued at $38,000 after buying an additional 1,562 shares during the last quarter. International Assets Investment Management LLC lifted its position in MillerKnoll by 1,117.6% during the 4th quarter. International Assets Investment Management LLC now owns 1,449 shares of the company’s stock worth $39,000 after buying an additional 1,330 shares in the last quarter. Daiwa Securities Group Inc. bought a new stake in MillerKnoll during the 4th quarter worth about $40,000. Finally, PNC Financial Services Group Inc. increased its position in MillerKnoll by 101.2% in the 3rd quarter. PNC Financial Services Group Inc. now owns 3,104 shares of the company’s stock valued at $76,000 after acquiring an additional 1,561 shares in the last quarter. Institutional investors own 87.50% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com cut shares of MillerKnoll from a “strong-buy” rating to a “buy” rating in a research note on Thursday, March 28th.

MillerKnoll Trading Up 0.9 %

Shares of MLKN opened at $26.90 on Thursday. The stock’s fifty day simple moving average is $27.53 and its 200-day simple moving average is $26.90. The firm has a market capitalization of $1.93 billion, a PE ratio of 27.73, a price-to-earnings-growth ratio of 1.13 and a beta of 1.25. MillerKnoll, Inc. has a 12-month low of $13.20 and a 12-month high of $31.33. The company has a quick ratio of 0.95, a current ratio of 1.59 and a debt-to-equity ratio of 0.93.

MillerKnoll (NASDAQ:MLKN) last released its earnings results on Wednesday, March 27th. The company reported $0.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.44 by $0.01. The company had revenue of $872.30 million for the quarter, compared to the consensus estimate of $909.55 million. MillerKnoll had a net margin of 1.96% and a return on equity of 9.61%. The company’s revenue was down 11.4% compared to the same quarter last year. During the same period in the prior year, the company posted $0.54 EPS. As a group, research analysts predict that MillerKnoll, Inc. will post 1.94 earnings per share for the current year.

MillerKnoll Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Saturday, June 1st will be given a $0.1875 dividend. The ex-dividend date is Friday, May 31st. This represents a $0.75 annualized dividend and a dividend yield of 2.79%. MillerKnoll’s dividend payout ratio is currently 77.32%.

MillerKnoll Company 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.