Susquehanna Fundamental Investments LLC Buys 55,307 Shares of MillerKnoll, Inc. $MLKN

Susquehanna Fundamental Investments LLC lifted its position in shares of MillerKnoll, Inc. (NASDAQ:MLKNFree Report) by 48.0% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 170,612 shares of the company’s stock after purchasing an additional 55,307 shares during the quarter. Susquehanna Fundamental Investments LLC’s holdings in MillerKnoll were worth $3,491,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Royal Bank of Canada boosted its stake in shares of MillerKnoll by 39.4% during the 1st quarter. Royal Bank of Canada now owns 19,451 shares of the company’s stock worth $373,000 after buying an additional 5,495 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in MillerKnoll by 2.0% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 40,480 shares of the company’s stock valued at $775,000 after purchasing an additional 801 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in MillerKnoll by 7.1% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 197,932 shares of the company’s stock valued at $3,788,000 after purchasing an additional 13,099 shares during the last quarter. Jane Street Group LLC grew its stake in MillerKnoll by 311.8% in the first quarter. Jane Street Group LLC now owns 414,275 shares of the company’s stock valued at $7,929,000 after purchasing an additional 313,684 shares in the last quarter. Finally, Hsbc Holdings PLC grew its stake in MillerKnoll by 177.3% in the second quarter. Hsbc Holdings PLC now owns 28,704 shares of the company’s stock valued at $553,000 after purchasing an additional 18,354 shares in the last quarter. Institutional investors and hedge funds own 87.50% of the company’s stock.

MillerKnoll Trading Down 2.3%

MillerKnoll stock opened at $22.59 on Tuesday. The stock has a 50-day simple moving average of $22.03 and a 200 day simple moving average of $18.86. The stock has a market capitalization of $1.54 billion, a P/E ratio of 17.11, a PEG ratio of 0.95 and a beta of 1.35. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.90 and a current ratio of 1.58. MillerKnoll, Inc. has a 52 week low of $13.77 and a 52 week high of $24.71.

MillerKnoll (NASDAQ:MLKNGet Free Report) last released its quarterly earnings data on Wednesday, June 24th. The company reported $0.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.52 by $0.03. MillerKnoll had a return on equity of 9.77% and a net margin of 2.38%.The firm had revenue of $1 billion for the quarter, compared to analyst estimates of $973.87 million. During the same quarter in the prior year, the company earned $0.60 earnings per share. The business’s revenue for the quarter was up 4.4% compared to the same quarter last year. MillerKnoll has set its FY 2027 guidance at 1.850-2.150 EPS and its Q1 2027 guidance at 0.330-0.390 EPS. Analysts expect that MillerKnoll, Inc. will post 2.02 earnings per share for the current year.

MillerKnoll Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Saturday, August 29th will be paid a $0.1875 dividend. This represents a $0.75 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date is Friday, August 28th. MillerKnoll’s dividend payout ratio is 56.82%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on MLKN. Wall Street Zen cut MillerKnoll from a “buy” rating to a “hold” rating in a research note on Sunday, July 26th. Weiss Ratings raised shares of MillerKnoll from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, August 11th. Finally, Zacks Research upgraded shares of MillerKnoll from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 26th. One research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold”.

Check Out Our Latest Research Report on MillerKnoll

About MillerKnoll

(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.

Further Reading

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Institutional Ownership by Quarter for MillerKnoll (NASDAQ:MLKN)

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