UBS Group AG Has $4.98 Million Stake in MillerKnoll, Inc. $MLKN

UBS Group AG grew its holdings in MillerKnoll, Inc. (NASDAQ:MLKN) by 119.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 272,589 shares of the company’s stock after purchasing an additional 148,390 shares during the period. UBS Group AG owned about 0.40% of MillerKnoll worth $4,983,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in MLKN. Osaic Holdings Inc. increased its holdings in shares of MillerKnoll by 36.5% in the 2nd quarter. Osaic Holdings Inc. now owns 1,941 shares of the company’s stock valued at $38,000 after purchasing an additional 519 shares during the period. Johnson Financial Group Inc. acquired a new position in MillerKnoll in the third quarter worth approximately $72,000. Canada Pension Plan Investment Board acquired a new position in MillerKnoll in the second quarter worth approximately $82,000. Strs Ohio acquired a new position in MillerKnoll in the third quarter worth approximately $85,000. Finally, Quadrant Capital Group LLC acquired a new position in MillerKnoll in the third quarter worth approximately $137,000. Institutional investors and hedge funds own 87.50% of the company’s stock.

MillerKnoll Stock Up 2.4%

Shares of MillerKnoll stock opened at $15.43 on Friday. The stock has a market capitalization of $1.06 billion, a P/E ratio of 110.21, a PEG ratio of 0.69 and a beta of 1.41. The company has a quick ratio of 0.92, a current ratio of 1.64 and a debt-to-equity ratio of 0.96. The stock has a 50 day moving average price of $16.30 and a two-hundred day moving average price of $17.62. MillerKnoll, Inc. has a 12-month low of $13.77 and a 12-month high of $23.18.

MillerKnoll (NASDAQ:MLKN) last announced its earnings results on Wednesday, March 25th. The company reported $0.43 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.02). The company had revenue of $926.60 million for the quarter, compared to the consensus estimate of $941.95 million. MillerKnoll had a return on equity of 10.11% and a net margin of 0.28%.The firm’s revenue for the quarter was up 5.7% compared to the same quarter last year. During the same period in the previous year, the company earned $0.44 EPS. Equities analysts expect that MillerKnoll, Inc. will post 1.83 earnings per share for the current year.

MillerKnoll Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Saturday, May 30th will be given a $0.1875 dividend. This represents a $0.75 annualized dividend and a dividend yield of 4.9%. The ex-dividend date of this dividend is Friday, May 29th. MillerKnoll’s dividend payout ratio is currently 535.71%.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Weiss Ratings restated a “sell (d+)” rating on shares of MillerKnoll in a report on Friday, April 24th. William Blair assumed coverage on MillerKnoll in a report on Tuesday, February 10th. They issued an “outperform” rating on the stock. Finally, Zacks Research downgraded MillerKnoll from a “hold” rating to a “strong sell” rating in a report on Tuesday, April 7th. One investment analyst has rated the stock with a Buy rating, one has issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, MillerKnoll presently has an average rating of “Reduce”.

MillerKnoll 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.