Empowered Funds LLC Has $8.53 Million Stock Holdings in MillerKnoll, Inc. (NASDAQ:MLKN)

Empowered Funds LLC lifted its holdings in shares of MillerKnoll, Inc. (NASDAQ:MLKN) by 5.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 377,522 shares of the company’s stock after purchasing an additional 18,378 shares during the period. Empowered Funds LLC’s holdings in MillerKnoll were worth $8,528,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the business. GAMMA Investing LLC grew its stake in shares of MillerKnoll by 35.0% in the 3rd quarter. GAMMA Investing LLC now owns 1,642 shares of the company’s stock valued at $41,000 after buying an additional 426 shares during the period. KBC Group NV boosted its holdings in MillerKnoll by 62.9% in the fourth quarter. KBC Group NV now owns 3,319 shares of the company’s stock worth $75,000 after acquiring an additional 1,281 shares in the last quarter. Avior Wealth Management LLC grew its stake in MillerKnoll by 228.8% in the fourth quarter. Avior Wealth Management LLC now owns 2,081 shares of the company’s stock valued at $47,000 after acquiring an additional 1,448 shares during the period. The Manufacturers Life Insurance Company increased its holdings in shares of MillerKnoll by 3.8% during the second quarter. The Manufacturers Life Insurance Company now owns 40,269 shares of the company’s stock valued at $1,067,000 after acquiring an additional 1,463 shares in the last quarter. Finally, Franklin Resources Inc. raised its position in shares of MillerKnoll by 5.6% during the third quarter. Franklin Resources Inc. now owns 39,928 shares of the company’s stock worth $973,000 after purchasing an additional 2,128 shares during the period. Institutional investors and hedge funds own 87.50% of the company’s stock.

Analyst Upgrades and Downgrades

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

MillerKnoll Trading Down 1.0 %

NASDAQ:MLKN opened at $21.75 on Monday. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.60 and a quick ratio of 0.99. MillerKnoll, Inc. has a one year low of $20.89 and a one year high of $31.73. The company has a market cap of $1.48 billion, a PE ratio of 23.90, a PEG ratio of 0.86 and a beta of 1.22. The firm has a 50-day moving average of $22.94 and a 200-day moving average of $25.01.

MillerKnoll (NASDAQ:MLKN) last issued its quarterly earnings data on Wednesday, December 18th. The company reported $0.55 EPS for the quarter, topping analysts’ consensus estimates of $0.54 by $0.01. The firm had revenue of $970.40 million during the quarter, compared to analyst estimates of $959.60 million. MillerKnoll had a return on equity of 10.74% and a net margin of 1.81%. The company’s revenue for the quarter was up 2.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.59 EPS. As a group, equities research analysts expect that MillerKnoll, Inc. will post 2.12 EPS for the current fiscal year.

MillerKnoll Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Saturday, March 1st will be issued a dividend of $0.1875 per share. This represents a $0.75 dividend on an annualized basis and a yield of 3.45%. The ex-dividend date of this dividend is Friday, February 28th. MillerKnoll’s dividend payout ratio is 82.42%.

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.