Knowles Co. (NYSE:KN) Director Sells $120,243.00 in Stock

Knowles Co. (NYSE:KN) Director Keith Barnes sold 6,725 shares of the company’s stock in a transaction on Monday, September 30th. The stock was sold at an average price of $17.88, for a total transaction of $120,243.00. Following the completion of the sale, the director now owns 86,192 shares of the company’s stock, valued at $1,541,112.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Knowles Trading Up 2.2 %

NYSE:KN opened at $17.68 on Thursday. The company has a quick ratio of 1.30, a current ratio of 2.36 and a debt-to-equity ratio of 0.28. The company’s 50 day moving average is $17.59 and its 200-day moving average is $17.15. The firm has a market cap of $1.59 billion, a price-to-earnings ratio of 20.09 and a beta of 1.42. Knowles Co. has a 12 month low of $12.78 and a 12 month high of $19.73.

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

Institutional Trading of Knowles

Several hedge funds have recently added to or reduced their stakes in KN. Nordea Investment Management AB boosted its holdings in Knowles by 43.5% in the 1st quarter. Nordea Investment Management AB now owns 486,393 shares of the communications equipment provider’s stock valued at $7,773,000 after purchasing an additional 147,372 shares during the period. Capstone Investment Advisors LLC acquired a new stake in Knowles during the first quarter worth about $1,435,000. Allspring Global Investments Holdings LLC increased its stake in Knowles by 9.1% during the first quarter. Allspring Global Investments Holdings LLC now owns 746,389 shares of the communications equipment provider’s stock valued at $12,017,000 after acquiring an additional 62,332 shares during the period. Norges Bank acquired a new position in Knowles in the 4th quarter valued at approximately $10,562,000. Finally, Eagle Asset Management Inc. bought a new stake in shares of Knowles in the 4th quarter worth approximately $3,832,000. Institutional investors own 96.35% of the company’s stock.

Analysts Set New Price Targets

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

Knowles Company Profile

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).