Kingsview Wealth Management LLC Sells 1,369 Shares of MillerKnoll, Inc. (NASDAQ:MLKN)

Kingsview Wealth Management LLC cut its holdings in MillerKnoll, Inc. (NASDAQ:MLKN) by 2.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 48,347 shares of the company’s stock after selling 1,369 shares during the period. Kingsview Wealth Management LLC owned approximately 0.07% of MillerKnoll worth $1,092,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the business. GAMMA Investing LLC lifted its stake in MillerKnoll by 35.0% in the third quarter. GAMMA Investing LLC now owns 1,642 shares of the company’s stock worth $41,000 after purchasing an additional 426 shares during the last quarter. KBC Group NV lifted its stake in MillerKnoll by 62.9% in the fourth quarter. KBC Group NV now owns 3,319 shares of the company’s stock worth $75,000 after purchasing an additional 1,281 shares during the last quarter. Avior Wealth Management LLC lifted its stake in MillerKnoll by 228.8% in the fourth quarter. Avior Wealth Management LLC now owns 2,081 shares of the company’s stock worth $47,000 after purchasing an additional 1,448 shares during the last quarter. Franklin Resources Inc. lifted its stake in MillerKnoll by 5.6% in the third quarter. Franklin Resources Inc. now owns 39,928 shares of the company’s stock worth $973,000 after purchasing an additional 2,128 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale lifted its stake in MillerKnoll by 99.7% in the third quarter. DekaBank Deutsche Girozentrale now owns 4,640 shares of the company’s stock worth $112,000 after purchasing an additional 2,316 shares during the last quarter. 87.50% of the stock is owned by institutional investors.

Analyst Ratings Changes

Separately, StockNews.com raised shares of MillerKnoll from a “hold” rating to a “buy” rating in a research note on Wednesday, January 15th.

MillerKnoll Stock Performance

Shares of NASDAQ:MLKN opened at $22.60 on Wednesday. The company has a market cap of $1.54 billion, a price-to-earnings ratio of 24.84, a price-to-earnings-growth ratio of 0.86 and a beta of 1.22. The company has a 50-day moving average price of $22.86 and a 200-day moving average price of $24.95. The company has a current ratio of 1.60, a quick ratio of 0.99 and a debt-to-equity ratio of 1.02. MillerKnoll, Inc. has a 12 month low of $20.89 and a 12 month high of $31.73.

MillerKnoll (NASDAQ:MLKN) last issued its quarterly earnings data on Wednesday, December 18th. The company reported $0.55 EPS for the quarter, beating the consensus estimate of $0.54 by $0.01. MillerKnoll had a net margin of 1.81% and a return on equity of 10.74%. The firm had revenue of $970.40 million during the quarter, compared to the consensus estimate of $959.60 million. During the same period in the prior year, the firm posted $0.59 earnings per share. The company’s quarterly revenue was up 2.2% compared to the same quarter last year. As a group, equities analysts anticipate that MillerKnoll, Inc. will post 2.12 EPS for the current year.

MillerKnoll Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Saturday, March 1st will be paid a $0.1875 dividend. This represents a $0.75 dividend on an annualized basis and a yield of 3.32%. The ex-dividend date of this dividend is Friday, February 28th. MillerKnoll’s payout ratio is currently 82.42%.

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.