Knowles Corporation (NYSE:KN - Get Free Report) Director Keith Barnes sold 41,048 shares of Knowles stock in a transaction dated Thursday, February 19th. The stock was sold at an average price of $27.16, for a total value of $1,114,863.68. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
Knowles Price Performance
Shares of NYSE KN opened at $28.09 on Wednesday. The firm has a 50-day moving average of $24.29 and a two-hundred day moving average of $23.10. The company has a market capitalization of $2.39 billion, a price-to-earnings ratio of 55.08 and a beta of 1.52. The company has a current ratio of 2.75, a quick ratio of 1.58 and a debt-to-equity ratio of 0.15. Knowles Corporation has a twelve month low of $12.19 and a twelve month high of $28.47.
Knowles (NYSE:KN - Get Free Report) last released its earnings results on Thursday, February 5th. The communications equipment provider reported $0.36 EPS for the quarter, topping analysts' consensus estimates of $0.35 by $0.01. The business had revenue of $162.20 million for the quarter, compared to the consensus estimate of $156.23 million. Knowles had a net margin of 7.45% and a return on equity of 9.76%. The business's revenue for the quarter was up 13.8% on a year-over-year basis. During the same period in the previous year, the firm earned $0.27 EPS. Knowles has set its Q1 2026 guidance at 0.220-0.260 EPS.
Institutional Trading of Knowles
Several hedge funds and other institutional investors have recently modified their holdings of KN. Ameriprise Financial Inc. raised its position in Knowles by 365.4% during the third quarter. Ameriprise Financial Inc. now owns 1,394,341 shares of the communications equipment provider's stock valued at $32,502,000 after buying an additional 1,094,715 shares during the period. Harvey Partners LLC acquired a new position in shares of Knowles in the 3rd quarter valued at about $14,510,000. Franklin Resources Inc. increased its holdings in shares of Knowles by 10.5% in the 3rd quarter. Franklin Resources Inc. now owns 5,108,184 shares of the communications equipment provider's stock valued at $119,072,000 after purchasing an additional 484,500 shares during the period. Raymond James Financial Inc. lifted its position in shares of Knowles by 52.8% in the third quarter. Raymond James Financial Inc. now owns 1,360,918 shares of the communications equipment provider's stock worth $31,723,000 after purchasing an additional 470,100 shares in the last quarter. Finally, American Century Companies Inc. boosted its holdings in shares of Knowles by 95.9% during the third quarter. American Century Companies Inc. now owns 958,387 shares of the communications equipment provider's stock worth $22,340,000 after purchasing an additional 469,286 shares during the period. Institutional investors and hedge funds own 96.35% of the company's stock.
Wall Street Analyst Weigh In
A number of equities analysts recently issued reports on the company. Weiss Ratings restated a "hold (c)" rating on shares of Knowles in a report on Monday, December 29th. Zacks Research lowered Knowles from a "hold" rating to a "strong sell" rating in a research report on Thursday, February 12th. Finally, Craig Hallum restated a "buy" rating and set a $30.00 price objective on shares of Knowles in a report on Friday, February 6th. Two analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Knowles presently has a consensus rating of "Hold" and a consensus price target of $27.67.
Read Our Latest Stock Analysis on KN
About Knowles
(
Get Free Report)
Knowles Corporation (NYSE: KN) is a leading developer and manufacturer of advanced micro-acoustic, audio processing and precision device solutions. The company's product portfolio includes microelectromechanical systems (MEMS) microphones, balanced armature receivers, acoustic filters, and custom audio processing integrated circuits. These solutions are designed to enable clear speech, enhanced voice capture and intelligent audio performance in a variety of end markets.
Founded in 1946, Knowles has evolved from its roots in vacuum tube components to become a pure-play audio technology provider following its spin-off from Dover Corporation in 2014.
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