Wellington Management Group LLP Acquires 157,355 Shares of MillerKnoll, Inc. $MLKN

Wellington Management Group LLP grew its holdings in MillerKnoll, Inc. (NASDAQ:MLKN) by 12.8% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,390,128 shares of the company’s stock after purchasing an additional 157,355 shares during the quarter. Wellington Management Group LLP’s holdings in MillerKnoll were worth $28,442,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in MLKN. Cassaday & Co Wealth Management LLC acquired a new position in MillerKnoll during the 1st quarter worth about $26,000. Versant Capital Management Inc increased its position in MillerKnoll by 166.5% in the 2nd quarter. Versant Capital Management Inc now owns 1,250 shares of the company’s stock valued at $26,000 after acquiring an additional 781 shares in the last quarter. Quantbot Technologies LP bought a new position in shares of MillerKnoll in the second quarter worth about $29,000. Osaic Holdings Inc. lifted its position in shares of MillerKnoll by 36.5% during the second quarter. Osaic Holdings Inc. now owns 1,941 shares of the company’s stock worth $38,000 after purchasing an additional 519 shares in the last quarter. Finally, Lloyd Advisory Services LLC. acquired a new stake in shares of MillerKnoll in the fourth quarter valued at approximately $46,000. 87.50% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

MLKN has been the subject of several research analyst reports. Wall Street Zen cut shares of MillerKnoll from a “buy” rating to a “hold” rating in a research report on Sunday, July 26th. Zacks Research raised MillerKnoll from a “strong sell” rating to a “hold” rating in a research note on Tuesday, May 26th. Finally, Weiss Ratings upgraded MillerKnoll from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday, August 11th. One analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold”.

MillerKnoll Price Performance

Shares of MLKN stock opened at $22.92 on Friday. The firm’s 50 day moving average price is $22.37 and its two-hundred day moving average price is $18.89. 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. The stock has a market cap of $1.58 billion, a PE ratio of 17.36, a PEG ratio of 0.92 and a beta of 1.36.

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

MillerKnoll Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders 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 yield of 3.3%. MillerKnoll’s dividend payout ratio is presently 56.82%.

About MillerKnoll

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.