Integrated Quantitative Investments LLC Buys Shares of 34,067 MillerKnoll, Inc. (NASDAQ:MLKN)

Integrated Quantitative Investments LLC purchased a new stake in shares of MillerKnoll, Inc. (NASDAQ:MLKN) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 34,067 shares of the company’s stock, valued at approximately $770,000.

A number of other hedge funds have also modified their holdings of the stock. Smartleaf Asset Management LLC grew its stake in MillerKnoll by 458.4% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,463 shares of the company’s stock valued at $33,000 after buying an additional 1,201 shares during the last quarter. KBC Group NV raised its stake in shares of MillerKnoll by 62.9% in the fourth quarter. KBC Group NV now owns 3,319 shares of the company’s stock valued at $75,000 after purchasing an additional 1,281 shares in the last quarter. Avior Wealth Management LLC lifted its holdings in shares of MillerKnoll by 228.8% during the 4th quarter. Avior Wealth Management LLC now owns 2,081 shares of the company’s stock worth $47,000 after acquiring an additional 1,448 shares during the period. Sei Investments Co. lifted its stake in MillerKnoll by 12.7% during the fourth quarter. Sei Investments Co. now owns 16,002 shares of the company’s stock worth $361,000 after purchasing an additional 1,800 shares during the period. Finally, Franklin Resources Inc. lifted its position in shares of MillerKnoll by 5.6% during the 3rd quarter. Franklin Resources Inc. now owns 39,928 shares of the company’s stock worth $973,000 after buying an additional 2,128 shares during the period. 87.50% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. StockNews.com lowered MillerKnoll from a “buy” rating to a “hold” rating in a research report on Saturday, March 29th. Sidoti upgraded MillerKnoll to a “hold” rating in a report on Tuesday, March 25th.

MillerKnoll Stock Performance

Shares of MillerKnoll stock opened at $17.38 on Friday. The firm has a fifty day moving average of $20.85 and a two-hundred day moving average of $22.81. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.99 and a current ratio of 1.60. The stock has a market capitalization of $1.18 billion, a price-to-earnings ratio of 19.10, a PEG ratio of 0.89 and a beta of 1.22. MillerKnoll, Inc. has a 52 week low of $16.24 and a 52 week high of $31.73.

MillerKnoll (NASDAQ:MLKN) last released its quarterly earnings data on Wednesday, March 26th. The company reported $0.44 EPS for the quarter, meeting analysts’ consensus estimates of $0.44. MillerKnoll had a return on equity of 10.74% and a net margin of 1.81%. The business had revenue of $876.20 million during the quarter, compared to the consensus estimate of $918.88 million. During the same quarter in the prior year, the company posted $0.45 earnings per share. The firm’s revenue was up .4% on a year-over-year basis. As a group, equities research analysts predict that MillerKnoll, Inc. will post 2.12 EPS for the current year.

MillerKnoll Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Saturday, March 1st will be issued a $0.1875 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $0.75 annualized dividend and a yield of 4.32%. MillerKnoll’s dividend payout ratio (DPR) is presently 178.57%.

MillerKnoll Profile

MillerKnoll, Inc researches, designs, manufactures, and distributes interior furnishings worldwide. It operates through three segments: Americas Contract, International Contract & Specialty, and Global Retail. The company also provides seating products, furniture systems, other freestanding furniture elements, textiles, leather, felt, home furnishings and related services, casegoods, storage products, as well as residential, education, and healthcare furniture solutions.