MillerKnoll leadership said it hopes 2023 will be the year the combined entity gets to embrace its market potential.

It’s been nearly two years since Herman Miller announced its acquisition of Knoll, seeking to amplify the combined business as a leader in modern design. The companies at the time said they hoped to catalyze the transformation of the home and office sector at a time of unprecedented disruption.

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Ceredex Value Advisors LLC reduced its position in MillerKnoll, Inc. (NASDAQ:MLKN) by 2.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 377,900 shares of the company’s stock after selling 9,567 shares during the quarter. Ceredex Value Advisors LLC owned about 0.50% of MillerKnoll worth $5,967,000 as of its most recent filing with the Securities and Exchange Commission.

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Stocks of MillerKnoll Inc. (NASDAQ:MLKN) traded higher last session on Wall Street, down -2.88% to $21.94.

According to the data, MillerKnoll Inc. (NASDAQ:MLKN) has 3 analysts covering its stock. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $40.00 and a low of $20.00, we find $25.00. Given the previous closing price of $22.59, this indicates a potential upside of 10.67 percent. MLKN stock price is now 3.54% away from the 50-day moving average and -14.67% away from the 200-day moving average. The market capitalization of the company currently stands at $1.68B.

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Louisiana State Employees Retirement System bought a new position in shares of MillerKnoll, Inc. (NASDAQ:MLKN) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 20,200 shares of the company’s stock, valued at approximately $315,000.

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ZEELAND, Mich. — A spokesperson from the second largest employer in Ottawa County, MillerKnoll, which is based in Zeeland, commented on the Ottawa County Board of Commissioners’ move to dissolve the county’s Office of Diversity, Equity and Inclusion.

“Diversity, equity and inclusion are central to our corporate values at MillerKnoll. As one of the largest employers in Ottawa County, we count on our local leaders to advocate for a diverse, inclusive, and prosperous environment where our current and future employees and their families feel like they belong,” according to the MillerKnoll spokesperson.

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