Cheryl L. Shavers Sells 12,579 Shares of Knowles Co. (NYSE:KN) Stock

Knowles Co. (NYSE:KN) Director Cheryl L. Shavers sold 12,579 shares of the firm’s stock in a transaction 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 completion of the sale, the director now owns 48,933 shares in the company, valued at $846,051.57. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Knowles Stock Up 1.0 %

KN opened at $17.74 on Thursday. Knowles Co. has a twelve month low of $12.78 and a twelve month high of $19.73. The firm has a market cap of $1.59 billion, a price-to-earnings ratio of 20.16 and a beta of 1.42. The firm’s 50-day simple moving average is $17.67 and its 200-day simple moving average is $17.08. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.30 and a current ratio of 2.36.

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

Analyst Upgrades and Downgrades

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

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of KN. Vanguard Group Inc. lifted its stake in shares of Knowles by 1.0% during 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 acquiring an additional 114,934 shares during the period. Dimensional Fund Advisors LP raised its holdings in 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 lifted its position in Knowles by 3.7% during 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 boosted its stake in shares of 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. raised its stake in shares of 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 buying an additional 566,476 shares during the last quarter. 96.35% of the stock is currently owned by institutional investors.

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).