Empowered Funds LLC Has $8.89 Million Position in MillerKnoll, Inc. (NASDAQ:MLKN)

Empowered Funds LLC raised its stake in MillerKnoll, Inc. (NASDAQ:MLKN) by 5.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 359,144 shares of the company’s stock after purchasing an additional 18,224 shares during the period. Empowered Funds LLC’s holdings in MillerKnoll were worth $8,892,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in MLKN. Vanguard Group Inc. increased its position in MillerKnoll by 2.6% in the 1st quarter. Vanguard Group Inc. now owns 8,987,024 shares of the company’s stock valued at $222,519,000 after buying an additional 226,792 shares in the last quarter. Pacer Advisors Inc. increased its holdings in shares of MillerKnoll by 15.3% during the second quarter. Pacer Advisors Inc. now owns 4,015,462 shares of the company’s stock valued at $106,370,000 after acquiring an additional 532,427 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of MillerKnoll by 12.5% during the second quarter. Dimensional Fund Advisors LP now owns 3,392,354 shares of the company’s stock worth $89,864,000 after purchasing an additional 377,121 shares during the period. Hennessy Advisors Inc. lifted its holdings in shares of MillerKnoll by 18.1% in the 2nd quarter. Hennessy Advisors Inc. now owns 1,178,800 shares of the company’s stock worth $31,226,000 after purchasing an additional 180,500 shares in the last quarter. Finally, Principal Financial Group Inc. grew its position in MillerKnoll by 1.5% in the 3rd quarter. Principal Financial Group Inc. now owns 358,529 shares of the company’s stock valued at $8,877,000 after purchasing an additional 5,155 shares during the period. Institutional investors and hedge funds own 87.50% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com downgraded shares of MillerKnoll from a “buy” rating to a “hold” rating in a report on Thursday, October 10th.

MillerKnoll Stock Performance

Shares of MLKN opened at $23.88 on Friday. MillerKnoll, Inc. has a 52 week low of $22.35 and a 52 week high of $31.73. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.93 and a current ratio of 1.59. The stock has a 50 day moving average price of $24.62 and a two-hundred day moving average price of $26.51. The firm has a market capitalization of $1.65 billion, a P/E ratio of 27.45, a P/E/G ratio of 0.92 and a beta of 1.18.

MillerKnoll (NASDAQ:MLKN) last released its quarterly earnings results on Thursday, September 19th. The company reported $0.36 EPS for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.04). MillerKnoll had a net margin of 1.80% and a return on equity of 10.93%. The company had revenue of $861.50 million during the quarter, compared to analysts’ expectations of $889.38 million. During the same period in the previous year, the company posted $0.37 earnings per share. The company’s quarterly revenue was down 6.1% compared to the same quarter last year. Equities analysts forecast that MillerKnoll, Inc. will post 2.17 earnings per share for the current fiscal year.

MillerKnoll Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Saturday, November 30th will be paid a $0.1875 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $0.75 annualized dividend and a yield of 3.14%. MillerKnoll’s dividend payout ratio (DPR) is 86.21%.

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.