MillerKnoll, Inc. (NASDAQ:MLKN) Holdings Boosted by MetLife Investment Management LLC

MetLife Investment Management LLC grew its holdings in MillerKnoll, Inc. (NASDAQ:MLKN) by 2.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 41,548 shares of the company’s stock after purchasing an additional 1,078 shares during the period. MetLife Investment Management LLC owned approximately 0.06% of MillerKnoll worth $939,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of MLKN. Smartleaf Asset Management LLC lifted its stake in MillerKnoll by 458.4% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,463 shares of the company’s stock worth $33,000 after acquiring an additional 1,201 shares in the last quarter. Avior Wealth Management LLC increased its holdings in shares of MillerKnoll by 228.8% in 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 period. Sterling Capital Management LLC lifted its position in shares of MillerKnoll by 793.5% in the fourth quarter. Sterling Capital Management LLC now owns 2,198 shares of the company’s stock worth $50,000 after purchasing an additional 1,952 shares in the last quarter. KBC Group NV boosted its holdings in shares of MillerKnoll by 62.9% during the fourth quarter. KBC Group NV now owns 3,319 shares of the company’s stock worth $75,000 after purchasing an additional 1,281 shares during the period. Finally, Mitsubishi UFJ Trust & Banking Corp purchased a new position in MillerKnoll during the fourth quarter valued at approximately $238,000. Institutional investors and hedge funds own 87.50% of the company’s stock.

MillerKnoll Price Performance

Shares of MLKN opened at $16.72 on Friday. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.99 and a current ratio of 1.60. The firm has a market cap of $1.13 billion, a PE ratio of 18.37, a PEG ratio of 0.89 and a beta of 1.05. MillerKnoll, Inc. has a twelve month low of $15.25 and a twelve month high of $31.73. The firm’s 50 day moving average price is $18.21 and its 200 day moving average price is $21.55.

MillerKnoll (NASDAQ:MLKN) last issued its quarterly earnings data on Wednesday, March 26th. The company reported $0.44 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.44. MillerKnoll had a net margin of 1.81% and a return on equity of 10.74%. The firm had revenue of $876.20 million during the quarter, compared to analysts’ expectations of $918.88 million. During the same period in the prior year, the company posted $0.45 earnings per share. MillerKnoll’s revenue for the quarter was up .4% on a year-over-year basis. As a group, research analysts expect that MillerKnoll, Inc. will post 2.12 EPS for the current fiscal year.

MillerKnoll Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Sunday, June 1st will be paid a $0.1875 dividend. This represents a $0.75 dividend on an annualized basis and a dividend yield of 4.49%. The ex-dividend date is Friday, May 30th. MillerKnoll’s payout ratio is 178.57%.

Analysts Set New Price Targets

MLKN has been the subject of a number of research analyst reports. Sidoti upgraded shares of MillerKnoll to a “hold” rating in a research report on Tuesday, March 25th. StockNews.com lowered MillerKnoll from a “buy” rating to a “hold” rating in a report on Saturday, March 29th.

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.