Edgestream Partners L.P. Sells 3,814 Shares of MillerKnoll, Inc. (NASDAQ:MLKN)

Edgestream Partners L.P. lessened its holdings in shares of MillerKnoll, Inc. (NASDAQ:MLKN) by 10.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 31,758 shares of the company’s stock after selling 3,814 shares during the quarter. Edgestream Partners L.P.’s holdings in MillerKnoll were worth $717,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Smartleaf Asset Management LLC increased its stake in MillerKnoll by 458.4% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,463 shares of the company’s stock valued at $33,000 after purchasing an additional 1,201 shares in the last quarter. Avior Wealth Management LLC increased its stake in MillerKnoll by 228.8% during the 4th quarter. Avior Wealth Management LLC now owns 2,081 shares of the company’s stock valued at $47,000 after purchasing an additional 1,448 shares in the last quarter. KBC Group NV increased its stake in MillerKnoll by 62.9% during the 4th 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. Meeder Asset Management Inc. bought a new stake in MillerKnoll during the 3rd quarter valued at $84,000. Finally, Verition Fund Management LLC bought a new stake in MillerKnoll during the 3rd quarter valued at $210,000. Institutional investors own 87.50% of the company’s stock.

MillerKnoll Price Performance

MLKN opened at $19.56 on Thursday. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.60 and a quick ratio of 0.99. The company has a market capitalization of $1.33 billion, a price-to-earnings ratio of 21.49, a P/E/G ratio of 0.89 and a beta of 1.22. The firm’s fifty day moving average price is $21.88 and its two-hundred day moving average price is $23.86. MillerKnoll, Inc. has a 1 year low of $19.42 and a 1 year high of $31.73.

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

MillerKnoll Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Saturday, March 1st will be issued a dividend of $0.1875 per share. This represents a $0.75 dividend on an annualized basis and a yield of 3.83%. The ex-dividend date of this dividend is Friday, February 28th. MillerKnoll’s dividend payout ratio is 82.42%.

Wall Street Analysts Forecast Growth

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

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.