William Blair Investment Management LLC Buys 23,933 Shares of MillerKnoll, Inc. (NASDAQ:MLKN)

William Blair Investment Management LLC lifted its stake in shares of MillerKnoll, Inc. (NASDAQ:MLKN) by 2.6% during the 4th quarter, HoldingsChannel reports. The firm owned 956,425 shares of the company’s stock after acquiring an additional 23,933 shares during the period. William Blair Investment Management LLC’s holdings in MillerKnoll were worth $21,606,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in MLKN. Smartleaf Asset Management LLC grew its holdings in shares of MillerKnoll by 458.4% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,463 shares of the company’s stock valued at $33,000 after purchasing an additional 1,201 shares during the last quarter. Avior Wealth Management LLC grew its holdings in shares of MillerKnoll by 228.8% during the 4th quarter. Avior Wealth Management LLC now owns 2,081 shares of the company’s stock valued at $47,000 after purchasing an additional 1,448 shares during the last quarter. KBC Group NV grew its holdings in shares of MillerKnoll by 62.9% during the 4th quarter. KBC Group NV now owns 3,319 shares of the company’s stock valued at $75,000 after purchasing an additional 1,281 shares during the last quarter. Meeder Asset Management Inc. bought a new stake in shares of MillerKnoll during the 3rd quarter valued at approximately $84,000. Finally, Verition Fund Management LLC bought a new stake in shares of MillerKnoll during the 3rd quarter valued at approximately $210,000. 87.50% of the stock is owned by institutional investors.

Analyst Ratings Changes

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

MillerKnoll Stock Down 1.0 %

NASDAQ:MLKN opened at $19.05 on Wednesday. The firm’s 50 day simple moving average is $21.63 and its 200 day simple moving average is $23.52. 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 $18.86 and a one year high of $31.73. The company has a market cap of $1.30 billion, a PE ratio of 20.93, a P/E/G ratio of 0.89 and a beta of 1.22.

MillerKnoll (NASDAQ:MLKN) last posted its earnings results on Wednesday, December 18th. The company reported $0.55 EPS for the quarter, topping 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 business had revenue of $970.40 million for the quarter, compared to the consensus estimate of $959.60 million. During the same period last year, the company earned $0.59 EPS. The firm’s revenue was up 2.2% compared to the same quarter last year. On average, research analysts anticipate that MillerKnoll, Inc. will post 2.12 earnings per share for the current year.

MillerKnoll Announces Dividend

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

About MillerKnoll

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.