Dynamic Technology Lab Private Ltd Makes New Investment in MillerKnoll, Inc. $MLKN

Dynamic Technology Lab Private Ltd purchased a new stake in shares of MillerKnoll, Inc. (NASDAQ:MLKNFree Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 84,760 shares of the company’s stock, valued at approximately $1,549,000. Dynamic Technology Lab Private Ltd owned 0.12% of MillerKnoll at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. lifted its stake in shares of MillerKnoll by 7.9% in the fourth quarter. Vanguard Group Inc. now owns 8,550,194 shares of the company’s stock valued at $156,298,000 after buying an additional 623,035 shares during the period. Alliancebernstein L.P. lifted its stake in shares of MillerKnoll by 7.1% in the third quarter. Alliancebernstein L.P. now owns 5,166,059 shares of the company’s stock valued at $91,646,000 after buying an additional 340,917 shares during the period. Deprince Race & Zollo Inc. lifted its stake in shares of MillerKnoll by 27.2% in the fourth quarter. Deprince Race & Zollo Inc. now owns 2,530,994 shares of the company’s stock valued at $46,267,000 after buying an additional 541,638 shares during the period. Invesco Ltd. lifted its stake in shares of MillerKnoll by 0.7% in the third quarter. Invesco Ltd. now owns 1,810,881 shares of the company’s stock valued at $32,125,000 after buying an additional 12,244 shares during the period. Finally, Vulcan Value Partners LLC lifted its stake in shares of MillerKnoll by 24.4% in the fourth quarter. Vulcan Value Partners LLC now owns 1,389,715 shares of the company’s stock valued at $25,668,000 after buying an additional 272,783 shares during the period. 87.50% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. Weiss Ratings reiterated a “sell (d+)” rating on shares of MillerKnoll in a research note on Friday, April 24th. Zacks Research upgraded shares of MillerKnoll from a “strong sell” rating to a “hold” rating in a research note on Tuesday, May 26th. One research analyst has rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, MillerKnoll presently has an average rating of “Hold”.

Check Out Our Latest Research Report on MillerKnoll

MillerKnoll Price Performance

Shares of MLKN stock opened at $16.24 on Friday. MillerKnoll, Inc. has a 52-week low of $13.77 and a 52-week high of $23.18. The stock has a market cap of $1.11 billion, a PE ratio of 116.00, a PEG ratio of 0.65 and a beta of 1.41. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.92 and a current ratio of 1.64. The firm’s 50 day moving average price is $15.67 and its two-hundred day moving average price is $17.69.

MillerKnoll (NASDAQ:MLKNGet Free Report) last announced its quarterly earnings data on Wednesday, March 25th. The company reported $0.43 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.02). The business had revenue of $926.60 million during the quarter, compared to the consensus estimate of $941.95 million. MillerKnoll had a net margin of 0.28% and a return on equity of 10.11%. MillerKnoll’s revenue was up 5.7% compared to the same quarter last year. During the same period in the previous year, the business posted $0.44 earnings per share. As a group, analysts forecast that MillerKnoll, Inc. will post 1.83 EPS for the current year.

MillerKnoll Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Saturday, May 30th will be given a dividend of $0.1875 per share. The ex-dividend date of this dividend is Friday, May 29th. This represents a $0.75 annualized dividend and a yield of 4.6%. MillerKnoll’s payout ratio is 535.71%.

MillerKnoll Company Profile

(Free Report)

MillerKnoll, Inc (NASDAQ: MLKN) is a global design and manufacturing company specializing in furniture, lighting, textiles, rugs and accessories for residential and commercial environments. The company’s portfolio features well-known brands such as Herman Miller, Knoll, Maharam, Geiger and Tuyama, offering solutions for office, healthcare, education, hospitality and home settings. Products span seating, workstations, tables, storage systems and outdoor furnishings, complemented by a range of services including space planning, ergonomic consulting and installation support.

Formed in July 2021 through the merger of Herman Miller and Knoll, MillerKnoll combines more than a century of design heritage with a modern portfolio of sustainable products and materials.

Recommended Stories

Institutional Ownership by Quarter for MillerKnoll (NASDAQ:MLKN)

Receive News & Ratings for MillerKnoll Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MillerKnoll and related companies with MarketBeat.com's FREE daily email newsletter.