Dynamic Technology Lab Private Ltd Invests $1.55 Million in MillerKnoll, Inc. $MLKN

Dynamic Technology Lab Private Ltd purchased a new position in shares of MillerKnoll, Inc. (NASDAQ:MLKN) in the fourth quarter, HoldingsChannel.com reports. The fund purchased 84,760 shares of the company’s stock, valued at approximately $1,549,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Osaic Holdings Inc. lifted its stake in MillerKnoll by 36.5% in the 2nd quarter. Osaic Holdings Inc. now owns 1,941 shares of the company’s stock valued at $38,000 after purchasing an additional 519 shares during the last quarter. Lloyd Advisory Services LLC. bought a new position in MillerKnoll in the 4th quarter valued at approximately $46,000. Harbour Investments Inc. raised its stake in shares of MillerKnoll by 47.7% during the fourth quarter. Harbour Investments Inc. now owns 3,095 shares of the company’s stock valued at $57,000 after acquiring an additional 1,000 shares during the last quarter. Johnson Financial Group Inc. bought a new position in shares of MillerKnoll during the third quarter valued at $72,000. Finally, Canada Pension Plan Investment Board bought a new position in shares of MillerKnoll during the second quarter valued at $82,000. Institutional investors own 87.50% of the company’s stock.

MillerKnoll Price Performance

MLKN opened at $16.24 on Friday. The firm has a 50-day moving average price of $15.67 and a 200-day moving average price of $17.69. The company has a market capitalization of $1.11 billion, a price-to-earnings ratio of 116.00, a PEG ratio of 0.65 and a beta of 1.41. MillerKnoll, Inc. has a twelve month low of $13.77 and a twelve month high of $23.18. The company has a quick ratio of 0.92, a current ratio of 1.64 and a debt-to-equity ratio of 0.96.

MillerKnoll (NASDAQ:MLKN) last issued its quarterly earnings data on Wednesday, March 25th. The company reported $0.43 EPS for the quarter, missing the consensus estimate of $0.45 by ($0.02). MillerKnoll had a net margin of 0.28% and a return on equity of 10.11%. The firm had revenue of $926.60 million for the quarter, compared to analysts’ expectations of $941.95 million. During the same period in the prior year, the firm posted $0.44 EPS. MillerKnoll’s revenue was up 5.7% on a year-over-year basis. Equities analysts expect that MillerKnoll, Inc. will post 1.83 EPS for the current year.

MillerKnoll Dividend Announcement

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

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on MLKN shares. Weiss Ratings reiterated a “sell (d+)” rating on shares of MillerKnoll in a research report on Friday, April 24th. Zacks Research raised 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 issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, MillerKnoll currently has a consensus rating of “Hold”.

MillerKnoll Company Profile

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.