164,319 Shares in MillerKnoll, Inc. $MLKN Bought by Legal & General Group Plc

Legal & General Group Plc purchased a new stake in MillerKnoll, Inc. (NASDAQ:MLKN) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 164,319 shares of the company’s stock, valued at approximately $3,362,000.

Several other large investors have also bought and sold shares of the stock. BlackRock Inc. purchased a new position in MillerKnoll during the 2nd quarter worth $213,054,000. Pzena Investment Management LLC bought a new position in shares of MillerKnoll during the second quarter valued at about $62,049,000. Vanguard Group Inc. lifted its position in shares of MillerKnoll by 7.9% during the fourth quarter. Vanguard Group Inc. now owns 8,550,194 shares of the company’s stock valued at $156,298,000 after purchasing an additional 623,035 shares in the last quarter. Bank of New York Mellon Corp purchased a new position in MillerKnoll during the second quarter worth about $8,519,000. Finally, Wellington Management Group LLP boosted its holdings in MillerKnoll by 46.4% during the fourth quarter. Wellington Management Group LLP now owns 1,305,280 shares of the company’s stock worth $23,861,000 after purchasing an additional 413,531 shares during the last quarter. 87.50% of the stock is currently owned by institutional investors.

MillerKnoll Trading Up 2.4%

NASDAQ MLKN opened at $22.92 on Friday. The business’s fifty day moving average is $22.37 and its 200-day moving average is $18.89. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.58 and a quick ratio of 0.90. The stock has a market capitalization of $1.58 billion, a price-to-earnings ratio of 17.36, a PEG ratio of 0.92 and a beta of 1.36. MillerKnoll, Inc. has a one year low of $13.77 and a one year high of $24.71.

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 the consensus estimate of $0.52 by $0.03. MillerKnoll had a net margin of 2.38% and a return on equity of 9.77%. The company had revenue of $1 billion during the quarter, compared to analyst estimates of $973.87 million. During the same quarter in the prior year, the business earned $0.60 earnings per share. The firm’s revenue for the quarter 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. Equities research analysts predict that MillerKnoll, Inc. will post 2.02 EPS for the current year.

MillerKnoll Announces Dividend

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

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. Weiss Ratings upgraded shares of MillerKnoll from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, August 11th. Zacks Research upgraded MillerKnoll from a “strong sell” rating to a “hold” rating in a research note on Tuesday, May 26th. Finally, Wall Street Zen lowered MillerKnoll from a “buy” rating to a “hold” rating in a 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. According to MarketBeat, MillerKnoll presently has an average rating of “Hold”.

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.