Knowles Co. (NYSE:KN) Director Sells $217,490.91 in Stock

Knowles Co. (NYSE:KN) Director Cheryl L. Shavers sold 12,579 shares of Knowles stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of $17.29, for a total transaction of $217,490.91. Following the transaction, the director now directly owns 48,933 shares in the company, valued at approximately $846,051.57. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Knowles Price Performance

Shares of NYSE KN opened at $17.74 on Thursday. The company has a fifty day moving average price of $17.67 and a 200 day moving average price of $17.08. The firm has a market cap of $1.59 billion, a PE ratio of 20.16 and a beta of 1.42. The company has a current ratio of 2.36, a quick ratio of 1.30 and a debt-to-equity ratio of 0.28. Knowles Co. has a 1-year low of $12.78 and a 1-year high of $19.73.

Knowles (NYSE:KN) last released its earnings results on Wednesday, July 31st. The communications equipment provider reported $0.02 EPS for the quarter, missing the consensus estimate of $0.18 by ($0.16). The firm had revenue of $204.70 million during the quarter. Knowles had a negative net margin of 24.36% and a positive return on equity of 5.39%.

Analysts Set New Price Targets

Separately, Susquehanna raised their price objective on Knowles from $15.00 to $20.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 17th.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Vanguard Group Inc. grew its stake in shares of Knowles by 1.0% in the first quarter. Vanguard Group Inc. now owns 11,993,942 shares of the communications equipment provider’s stock valued at $193,102,000 after buying an additional 114,934 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Knowles by 6.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 6,678,995 shares of the communications equipment provider’s stock worth $115,277,000 after purchasing an additional 375,822 shares during the last quarter. Ariel Investments LLC raised its holdings in shares of Knowles by 3.7% in the 1st quarter. Ariel Investments LLC now owns 5,187,144 shares of the communications equipment provider’s stock valued at $83,513,000 after purchasing an additional 183,991 shares during the period. Allspring Global Investments Holdings LLC lifted its stake in Knowles by 6.1% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 792,037 shares of the communications equipment provider’s stock valued at $13,671,000 after purchasing an additional 45,648 shares during the last quarter. Finally, Victory Capital Management Inc. grew its holdings in Knowles by 569.5% during the second quarter. Victory Capital Management Inc. now owns 665,947 shares of the communications equipment provider’s stock worth $11,494,000 after purchasing an additional 566,476 shares during the period. 96.35% of the stock is owned by institutional investors and hedge funds.

About Knowles

Knowles Corporation offers capacitors, radio frequency (RF) filtering products, balanced armature speakers, micro-acoustic microphones, and audio solutions in Asia, the United States, Europe, other Americas, and internationally. It operates through three segments: Precision Devices (PD); Medtech & Specialty Audio (MSA); and Consumer MEMS Microphones (CMM).