Sei Investments Co. Raises Stock Holdings in MillerKnoll, Inc. $MLKN

Sei Investments Co. raised its stake in shares of MillerKnoll, Inc. (NASDAQ:MLKN) by 208.6% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 234,431 shares of the company’s stock after acquiring an additional 158,472 shares during the period. Sei Investments Co. owned approximately 0.34% of MillerKnoll worth $3,390,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. Osaic Holdings Inc. lifted its position in shares of MillerKnoll by 36.5% in the second quarter. Osaic Holdings Inc. now owns 1,941 shares of the company’s stock valued at $38,000 after acquiring an additional 519 shares in the last quarter. ProShare Advisors LLC grew its position in shares of MillerKnoll by 4.4% during the fourth quarter. ProShare Advisors LLC now owns 13,308 shares of the company’s stock worth $243,000 after purchasing an additional 558 shares in the last quarter. State of Alaska Department of Revenue raised its stake in MillerKnoll by 2.0% during the 4th quarter. State of Alaska Department of Revenue now owns 38,972 shares of the company’s stock valued at $711,000 after purchasing an additional 767 shares during the period. Rexford Capital Inc. raised its stake in MillerKnoll by 17.0% during the 4th quarter. Rexford Capital Inc. now owns 5,500 shares of the company’s stock valued at $101,000 after purchasing an additional 800 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in MillerKnoll by 2.0% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 40,480 shares of the company’s stock worth $775,000 after purchasing an additional 801 shares in the last quarter. Hedge funds and other institutional investors own 87.50% of the company’s stock.

MillerKnoll Stock Up 3.4%

NASDAQ MLKN opened at $24.49 on Friday. The company has a quick ratio of 0.90, a current ratio of 1.58 and a debt-to-equity ratio of 0.94. The company has a fifty day moving average of $19.48 and a two-hundred day moving average of $18.55. The firm has a market capitalization of $1.67 billion, a price-to-earnings ratio of 18.55, a PEG ratio of 0.98 and a beta of 1.36. MillerKnoll, Inc. has a 52 week low of $13.77 and a 52 week high of $24.71.

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

MillerKnoll Announces Dividend

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 dividend of $0.1875 per share. This represents a $0.75 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date of this dividend is Friday, August 28th. MillerKnoll’s dividend payout ratio (DPR) is currently 56.82%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Weiss Ratings raised shares of MillerKnoll from a “sell (d+)” rating to a “hold (c)” rating in a report on Friday, July 24th. Zacks Research raised shares of MillerKnoll from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 26th. Finally, Wall Street Zen lowered shares of MillerKnoll from a “buy” rating to a “hold” rating in a research report on Sunday, July 26th. One investment analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, MillerKnoll presently has a consensus rating of “Hold”.

MillerKnoll 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.