135,771 MillerKnoll, Inc. $MLKN Shares Sold by Douglas Lane & Associates LLC

Douglas Lane & Associates LLC lowered its stake in MillerKnoll, Inc. (NASDAQ:MLKN) by 31.8% during the third quarter, Holdings Channel reports. The institutional investor owned 291,377 shares of the company’s stock after selling 135,771 shares during the period. Douglas Lane & Associates LLC’s holdings in MillerKnoll were worth $5,728,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in MLKN. BlackRock Inc. acquired a new stake in MillerKnoll during the 2nd quarter worth approximately $213,054,000. Pzena Investment Management LLC acquired a new stake in shares of MillerKnoll during the second quarter worth $62,049,000. Dimensional Fund Advisors LP grew its stake in shares of MillerKnoll by 2.9% in the first quarter. Dimensional Fund Advisors LP now owns 3,610,776 shares of the company’s stock valued at $52,211,000 after acquiring an additional 103,372 shares in the last quarter. Wellington Management Group LLP increased its position in MillerKnoll by 12.8% during the second quarter. Wellington Management Group LLP now owns 1,390,128 shares of the company’s stock worth $28,442,000 after acquiring an additional 157,355 shares during the period. Finally, Vulcan Value Partners LLC boosted its holdings in MillerKnoll by 24.4% in the 4th quarter. Vulcan Value Partners LLC now owns 1,389,715 shares of the company’s stock valued at $25,668,000 after purchasing an additional 272,783 shares during the period. Institutional investors and hedge funds own 87.50% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. Wall Street Zen cut MillerKnoll from a “buy” rating to a “hold” rating in a research note on Sunday, July 26th. Benchmark upgraded MillerKnoll from a “hold” rating to a “strong-buy” rating in a research report on Tuesday. Finally, Weiss Ratings raised MillerKnoll from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, August 11th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, MillerKnoll presently has an average rating of “Moderate Buy”.

MillerKnoll Price Performance

Shares of MLKN traded up $0.08 during mid-day trading on Friday, reaching $20.85. The company had a trading volume of 83,493 shares, compared to its average volume of 738,154. The company has a market capitalization of $1.43 billion, a price-to-earnings ratio of 14.79, a P/E/G ratio of 0.85 and a beta of 1.36. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.90 and a current ratio of 1.65. The company’s 50 day simple moving average is $22.09 and its 200 day simple moving average is $19.00. MillerKnoll, Inc. has a 1-year low of $13.77 and a 1-year high of $24.71.

MillerKnoll (NASDAQ:MLKN) last issued its earnings results on Tuesday, September 22nd. The company reported $0.53 earnings per share for the quarter, beating analysts’ consensus estimates of $0.35 by $0.18. MillerKnoll had a net margin of 2.57% and a return on equity of 10.10%. The firm had revenue of $923.40 million for the quarter, compared to analyst estimates of $940.93 million. During the same quarter last year, the business posted $0.45 earnings per share. The company’s quarterly revenue was down 3.4% on a year-over-year basis. MillerKnoll has set its FY 2027 guidance at 1.850-2.150 EPS and its Q2 2027 guidance at 0.430-0.490 EPS. Analysts expect that MillerKnoll, Inc. will post 2.02 EPS for the current year.

MillerKnoll Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Saturday, August 29th will be paid a $0.1875 dividend. The ex-dividend date of this dividend is Friday, August 28th. This represents a $0.75 annualized dividend and a dividend yield of 3.6%. MillerKnoll’s dividend payout ratio is currently 53.19%.

MillerKnoll Profile

MillerKnoll, Inc is a global design company that develops furnishings and related products for workplaces, homes, healthcare facilities, educational institutions and hospitality environments. Its offerings include seating, desks, tables, storage, lighting, textiles and accessories, as well as solutions designed to support collaboration, privacy and flexible work settings.

The company’s portfolio includes brands such as Herman Miller, Knoll, Design Within Reach, Muuto, HAY, Maharam and Colebrook Bosson Saunders.