Knowles Co. (NYSE:KN) SVP Robert J. Perna Sells 21,080 Shares

Knowles Co. (NYSE:KN) SVP Robert J. Perna sold 21,080 shares of the firm’s stock in a transaction on Monday, November 4th. The shares were sold at an average price of $17.56, for a total transaction of $370,164.80. Following the completion of the transaction, the senior vice president now directly owns 66,063 shares in the company, valued at approximately $1,160,066.28. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Knowles Stock Up 8.3 %

KN traded up $1.47 during trading hours on Wednesday, reaching $19.28. 636,329 shares of the stock traded hands, compared to its average volume of 574,922. The company has a market cap of $1.70 billion, a price-to-earnings ratio of -8.05 and a beta of 1.42. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.35 and a quick ratio of 1.67. Knowles Co. has a fifty-two week low of $14.97 and a fifty-two week high of $19.73. The firm’s fifty day simple moving average is $17.54 and its two-hundred day simple moving average is $17.47.

Knowles (NYSE:KN) last announced its quarterly earnings data on Thursday, October 24th. The communications equipment provider reported $0.26 earnings per share for the quarter, topping the consensus estimate of $0.20 by $0.06. The company had revenue of $142.50 million during the quarter, compared to analyst estimates of $140.97 million. Knowles had a negative net margin of 27.53% and a positive return on equity of 5.16%. The firm’s revenue for the quarter was up 31.8% compared to the same quarter last year. During the same period last year, the business earned $0.25 EPS.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. Craig Hallum raised shares of Knowles to a “strong-buy” rating in a research note on Wednesday, October 16th. StockNews.com downgraded shares of Knowles from a “buy” rating to a “hold” rating in a research note on Saturday, October 26th. Finally, Susquehanna lowered their price target on shares of Knowles from $20.00 to $19.00 and set a “neutral” rating for the company in a report on Friday, October 25th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of KN. Allspring Global Investments Holdings LLC boosted its holdings in shares of Knowles by 9.1% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 746,389 shares of the communications equipment provider’s stock valued at $12,017,000 after buying an additional 62,332 shares during the period. BNP Paribas Financial Markets lifted its position in Knowles by 76.2% in the 1st quarter. BNP Paribas Financial Markets now owns 44,361 shares of the communications equipment provider’s stock valued at $714,000 after purchasing an additional 19,181 shares during the last quarter. Nordea Investment Management AB lifted its position 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 last quarter. Jennison Associates LLC bought a new stake in Knowles in the 1st quarter valued at about $1,228,000. Finally, SG Americas Securities LLC bought a new stake in Knowles in the 1st quarter valued at about $227,000. 96.35% of the stock is owned by institutional investors and hedge funds.

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).