Disciplined Growth Investors Inc. MN Has $21.11 Million Position in MillerKnoll, Inc. (NASDAQ:MLKN)

Disciplined Growth Investors Inc. MN raised its stake in shares of MillerKnoll, Inc. (NASDAQ:MLKN) by 157.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 852,584 shares of the company’s stock after purchasing an additional 521,318 shares during the period. Disciplined Growth Investors Inc. MN’s holdings in MillerKnoll were worth $21,110,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. GAMMA Investing LLC boosted its holdings in shares of MillerKnoll by 35.0% during the 3rd quarter. GAMMA Investing LLC now owns 1,642 shares of the company’s stock worth $41,000 after buying an additional 426 shares during the period. SummerHaven Investment Management LLC lifted its position in MillerKnoll by 1.3% during the 2nd quarter. SummerHaven Investment Management LLC now owns 44,779 shares of the company’s stock worth $1,186,000 after acquiring an additional 580 shares during the last quarter. Bank of Montreal Can lifted its position in MillerKnoll by 6.0% during the 2nd quarter. Bank of Montreal Can now owns 13,551 shares of the company’s stock worth $359,000 after acquiring an additional 768 shares during the last quarter. EverSource Wealth Advisors LLC boosted its holdings in MillerKnoll by 254.3% during the second quarter. EverSource Wealth Advisors LLC now owns 1,201 shares of the company’s stock valued at $32,000 after acquiring an additional 862 shares during the period. Finally, Hsbc Holdings PLC grew its position in shares of MillerKnoll by 10.3% in the second quarter. Hsbc Holdings PLC now owns 9,761 shares of the company’s stock valued at $256,000 after purchasing an additional 908 shares during the last quarter. Institutional investors own 87.50% of the company’s stock.

MillerKnoll Stock Up 2.7 %

Shares of MLKN stock opened at $25.81 on Tuesday. MillerKnoll, Inc. has a 12 month low of $22.35 and a 12 month high of $31.73. The company has a quick ratio of 0.93, a current ratio of 1.59 and a debt-to-equity ratio of 0.99. The firm has a market cap of $1.79 billion, a PE ratio of 29.67, a price-to-earnings-growth ratio of 0.96 and a beta of 1.20. The stock has a 50 day moving average of $24.35 and a 200-day moving average of $26.26.

MillerKnoll (NASDAQ:MLKN) last issued its quarterly earnings results on Thursday, September 19th. The company reported $0.36 earnings per share for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.04). The company had revenue of $861.50 million during the quarter, compared to the consensus estimate of $889.38 million. MillerKnoll had a net margin of 1.80% and a return on equity of 10.93%. MillerKnoll’s revenue for the quarter was down 6.1% on a year-over-year basis. During the same period last year, the company earned $0.37 earnings per share. On average, equities analysts predict that MillerKnoll, Inc. will post 2.17 EPS for the current year.

MillerKnoll Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Saturday, November 30th will be given a dividend of $0.1875 per share. This represents a $0.75 dividend on an annualized basis and a yield of 2.91%. The ex-dividend date of this dividend is Friday, November 29th. MillerKnoll’s dividend payout ratio (DPR) is presently 86.21%.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut MillerKnoll from a “buy” rating to a “hold” rating in a research report on Thursday, October 10th.

MillerKnoll Company 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.