JPMorgan Chase & Co. Lowers Stock Position in MillerKnoll, Inc. $MLKN

JPMorgan Chase & Co. trimmed its position in MillerKnoll, Inc. (NASDAQ:MLKN) by 7.3% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 504,107 shares of the company’s stock after selling 39,869 shares during the quarter. JPMorgan Chase & Co.’s holdings in MillerKnoll were worth $8,943,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Public Sector Pension Investment Board lifted its holdings in MillerKnoll by 14.5% during the third quarter. Public Sector Pension Investment Board now owns 264,533 shares of the company’s stock valued at $4,693,000 after purchasing an additional 33,538 shares in the last quarter. Illinois Municipal Retirement Fund increased its stake in shares of MillerKnoll by 5.4% in the third quarter. Illinois Municipal Retirement Fund now owns 36,932 shares of the company’s stock worth $655,000 after purchasing an additional 1,890 shares in the last quarter. Rhumbline Advisers raised its position in shares of MillerKnoll by 0.6% during the 3rd quarter. Rhumbline Advisers now owns 209,247 shares of the company’s stock valued at $3,712,000 after purchasing an additional 1,289 shares during the period. Versor Investments LP raised its position in shares of MillerKnoll by 10.8% during the 3rd quarter. Versor Investments LP now owns 25,700 shares of the company’s stock valued at $456,000 after purchasing an additional 2,500 shares during the period. Finally, Optimize Financial Inc purchased a new position in shares of MillerKnoll during the 3rd quarter valued at $262,000. Institutional investors own 87.50% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently weighed in on MLKN shares. Zacks Research downgraded shares of MillerKnoll from a “strong-buy” rating to a “hold” rating in a report on Monday, December 1st. Wall Street Zen cut MillerKnoll from a “buy” rating to a “hold” rating in a report on Saturday, January 10th. Weiss Ratings reiterated a “sell (d+)” rating on shares of MillerKnoll in a research report on Monday, December 29th. Finally, William Blair initiated coverage on MillerKnoll in a research report on Tuesday, February 10th. They issued an “outperform” rating for the company. One equities research analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold”.

MillerKnoll Price Performance

MLKN stock opened at $19.71 on Friday. The stock has a market cap of $1.35 billion, a PE ratio of -50.54, a P/E/G ratio of 0.84 and a beta of 1.31. MillerKnoll, Inc. has a 12 month low of $13.77 and a 12 month high of $23.18. The company has a 50-day moving average price of $20.24 and a 200 day moving average price of $18.50. The company has a current ratio of 1.66, a quick ratio of 0.95 and a debt-to-equity ratio of 1.02.

MillerKnoll (NASDAQ:MLKN) last announced its earnings results on Wednesday, December 17th. The company reported $0.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.03. MillerKnoll had a positive return on equity of 10.32% and a negative net margin of 0.68%.The business had revenue of $955.20 million during the quarter, compared to analyst estimates of $943.13 million. During the same quarter in the previous year, the business earned $0.55 earnings per share. The company’s revenue for the quarter was down 1.6% compared to the same quarter last year. MillerKnoll has set its Q3 2026 guidance at 0.420-0.480 EPS. Equities research analysts anticipate that MillerKnoll, Inc. will post 2.12 earnings per share for the current year.

MillerKnoll Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Saturday, February 28th will be issued a dividend of $0.1875 per share. The ex-dividend date is Friday, February 27th. This represents a $0.75 dividend on an annualized basis and a yield of 3.8%. MillerKnoll’s dividend payout ratio (DPR) is presently -192.31%.

MillerKnoll Company Profile

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.